What are Corporate Finance Roles?
The banking and financial services industries are the two major pillars of the modern capitalist society that helps to propel the wheel of the economy smoothly. A job in the corporate banking or financial services segment is considered among the most prestigious and sought-after career choices.
This has naturally increased the competition for corporate finance job roles and obtaining a suitable role requires a comprehensive understanding of the corporate finance division. One of the best ways to find your dream corporate finance role is by opting for a corporate finance course.
Let’s delve deeper into some of the most prominent corporate financial roles and what they entail.
Chief Financial Officer (CFO)
The Chief Financial Officer heads the corporate finance division for most organizations and reports directly to the Chief Executive Officer of the company. A CFO is responsible for overseeing all the finance-related departments of an organization and is entrusted with finding new investment avenues for a business that will maximize returns and minimize losses.
A CFO is responsible for all the financial operations of a business. From budgeting to planning capital expenditure and fund sourcing for projects, a lot is riding on the shoulders of a CFO.
The financial planning and analysis segment of a corporate finance division has a broad range of responsibilities. The role of a financial analyst is one of the most reputed ones in the corporate finance division. Financial analysts play a key role in maintaining financial prudence for an organization.
The primary task of financial analysts in corporate finance roles is related to capital budgeting and entails estimation of revenue, budgeting, and monitoring any deviations from the set predictions.
Financial analysts are also responsible for evaluating capital proposals and investing in projects based on their future income and profitability. The financial analyst course helps businesses to find out exiting financial loopholes and the most profitable investment opportunities to maximize returns.
Credit managers play a crucial role when it comes to reducing the probability of loss for businesses. Credit managers are primarily responsible for overseeing the credit decision making of the firm. They have to decide the credit rates for different parties and also have to establish the terms and conditions of the credit contracts.
Some of the common responsibilities of a credit manager include deciding how the amount of credit to be provided to suppliers, terms and conditions of the credit transactions, managing receivables collection, etc.
A credit manager should be well-versed with the intricacies of financial statements and should have a proper understanding of the customer profile. Opting for a corporate finance course by reputed institutions like Imarticus learning will help you a great deal with your job prospects.
Investor Relations Officer
A business cannot function in isolation, there are many important stakeholders of a business and investors top that list. Managing relationship with the investors plays a crucial role in the financial success of a business. The investor relations officer is responsible for maintaining a good relationship with a business’s investors including individual and institutional both.
The day to day for an investor relations officer involves communicating with the top-level executives, reverting to investor queries, forwarding important financial data about a company for the investing public.
The role of a Treasurer is indispensable for any organisation that is looking to optimise its finances. Treasure management involves a wide range of responsibilities as it provides a holistic view of the functioning and performance of all other departments.
A treasurer is responsible for supervising the treasury department which encompasses a wide range of activities like cash-flow management, risk management, financing, pension management, etc. The size of a treasury team might vary depending upon the nature and scale of operations of an organisation. A treasurer is generally the key contact person for investment banks and investors who are interested in a given business.
These were some of the most prominent corporate financial roles in the contemporary. One can opt for a corporate finance course by reputed institutions like Imarticus Learning to obtain a comprehensive understanding of this division and obtain relevant knowledge and skills to get their dream job.
Also Read: Importance & Scope of Corporate Finance