Senior Finance Manager Goals and Objectives Examples
Oversee financial operations and ensure accurate reporting.
Develop and implement financial strategies to support business objectives.
Provide guidance and direction to finance team members.
Monitor financial performance and analyze results for decision-making.
Identify areas for cost savings and efficiency improvements.
Manage budgeting and forecasting processes.
Ensure compliance with regulatory requirements and accounting standards.
Prepare financial reports and presentations for senior leadership.
Develop and maintain relationships with key stakeholders.
Evaluate financial risks and develop mitigation plans.
Lead financial planning and analysis activities.
Participate in strategic planning initiatives.
Conduct financial due diligence for potential mergers and acquisitions.
Communicate financial information effectively to non-financial stakeholders.
Implement best practices for financial controls and processes.
Develop and manage vendor relationships for financial services.
Collaborate with internal audit team to address control issues.
Ensure timely completion of month-end and year-end close processes.
Supervise external audits and tax filings.
Develop and manage cash flow forecasts.
Provide guidance on capital investment decisions.
Review and approve contracts related to finance operations.
Monitor and evaluate the performance of finance team members.
Provide coaching, feedback, and development opportunities to team members.
Foster a culture of continuous improvement within the finance function.
Stay up-to-date on industry trends and changes to regulations.
Develop and implement new policies and procedures as needed.
Respond to ad hoc requests for financial analysis or information.
Collaborate with other departments to support cross-functional initiatives.
Review and analyze financial statements for accuracy and completeness.
Develop and track key performance indicators (KPIs) for finance operations.
Create financial models to support decision-making.
Maintain accurate records and documentation of financial transactions.
Coordinate with HR on compensation and benefits programs.
Develop pricing strategies based on market analysis.
Manage relationships with banks and other lending institutions.
Develop metrics to measure the effectiveness of finance operations.
Monitor accounts receivable aging and take action to address overdue accounts.
Establish credit policies and procedures for customers.
Perform sensitivity analysis on financial projections.
Review insurance policies for adequacy of coverage.
Analyze lease versus buy options for capital expenditures.
Develop policies for managing foreign exchange risk.
Evaluate the impact of exchange rate fluctuations on financial performance.
Coordinate with legal counsel on financial matters as needed.
Develop contingency plans for unforeseen events that impact finances.
Develop training programs for finance team members to improve skills and knowledge.
Promote diversity, equity, and inclusion within the finance function.
Maintain confidentiality of sensitive financial information at all times.
Review and approve payment requests from vendors and suppliers.
Ensure compliance with procurement policies and procedures.
Monitor inventory levels and provide guidance on purchasing decisions.
Conduct variance analysis to identify trends and potential issues.
Assess the impact of taxes on financial performance.
Develop strategies for minimizing tax liability while remaining compliant with laws/regulations.
Coordinate with IT department on technology solutions for finance operations.
Manage relationships with credit rating agencies/shareholders/investors, etc.
Participate in industry associations to stay abreast of developments in the field.
Develop strategies for managing currency risk in global markets.
Develop pricing strategies for products/services based on competitive analysis.
Oversee the preparation of financial statements in accordance with GAAP/IFRS standards.
Work with procurement team to identify cost-saving opportunities in supply chain management.
Monitor economic trends to anticipate potential risks or opportunities.
Advise executive management on long-term financial goals or acquisitions.
Manage internal controls in compliance with Sarbanes-Oxley (SOX) requirements.
Oversee annual audits including coordination of information requests from auditors.
Develop investor-facing communications, such as earnings releases or presentations.
Enforce company compliance with local/state/federal tax laws.
Interpret complex financial data in succinct reports or presentations.
Prioritize initiatives based on the organization's strategic goals.
Monitor compensation structures across departments to ensure alignment with company objectives.
Assist in coordinating budget review meetings across departments.
Proactively assess company risks associated with existing or future projects.
Collaborate with other leaders across departments to build efficient workflows.
Evaluate current technology infrastructure/solutions against current needs, establish priorities for upgrades or implementation of new tools.
Track performance against budgets, forecasts or other KPIs, communicate any potential infraction early on.
Provide input suggesting improvements on cash management practices.
Educate subordinates to facilitate professional growth paths.
Prepare periodic reports, as deemed appropriate by leadership.
Maintain effective communication channels between management, staff, vendors.