MG410 Career Viewpoint Report: Finance Manager Career Path

This career viewpoint report analyzes the knowledge, skills, and experience necessary for a recent graduate to pursue a career as a finance manager. It covers general trends in the profession, including digital finance, cryptocurrency, cybercrime, ESG reporting, and automated accounting. The re...Read More

Career Viewpoint

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Analysis.......................................................................................................................................3
General Trends of the profession ...............................................................................................3
Evaluation...................................................................................................................................6
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Career viewpoint refers to the experiences that the individual get during their employment. The
career viewpoint is related to the understanding of one's own career and the knowledge that they
have about the career that they are pursuing. It is important for the individual to choose their
career with utmost care as it will decide the future aspects of the individual. The post of finance
manger are related to the financial matters of the company. The finance manager are responsible
for the funds that the company have and the allocation of the funds in the most effective and
efficient manner so that the workings of the company does not get interrupted.
MAIN BODY
Analysis
Finance mangers are the one that are responsible for the funds of the company and are
responsible for the allocation of funds to the different departments of the company. It is
important for the manger to make sure that the company have sufficient funds and the tasks of
the company are completing without any interruptions (Akhtar, 2019). It is important for the
manger to make sure that the funds of the company are properly allocated and they are also
maintaining the books of records for the information of the funds of the company which is
extremely essential. It is important for the finance manger to make sure that the books of
accounts and the financial statements of the company are properly maintained and the company
is following transparency in the financial matters of the company as if the financial records are
not properly maintained or are fabricated then the company may have to face strict legal action
or can also give false information to the stakeholders of the company.
General Trends of the profession
Digital Finance and Digital Money: This trend includes wide range of digital products
services, and software along with financial businesses and digital communication system
developed by financial technology business firms. In the wake of constantly improving financial
technology and rising adoption of digital technology in financial operations of business firms it is
essential for finance ,managers to gain a sound knowledge of digital finance and digital money
(Akkaya and Tabak, 2020). Technological knowledge about application of useful financial

technology software and usage of digital technology in financial operations will be an
employment requirement in small as well as big enterprises with the widespread usage of
financial technology. In addition to this, effective knowledge about digital finance and digital
money will contribute in quick professional advancement of the company.
Cryptocurrency: This is one of the fastest emerging trend in the field of finance. While
there is still some uncertainty about the legal acceptance of cryptocurrency on a global level, the
importance of cryptocurrency is evident (Ayturk and et. al 2017). Finance managers need to
have profound knowledge about cryptocurrency including the investment in cryptocurrency,
security of cryptocurrency and legal usage of cryptocurrency for the profitability of the company.
It is essential for finance mangers to understand various aspects of cryptocurrency in order to
make effective financial decisions for business firms.
Cyber crime: Increasing digital presence of business firms and usage of advanced
technology such as Internet of things and Artificial intelligence invites risk of cyber crime. Cyber
attacks usually target financial information of consumers and company. IT is important for
finance managers to have basic knowledge about cyber security risks associated with financial
investment in particular digital financial investments such as cryptocurrency and digital money.
ESG reporting: This trend has gained significant value for business firms after the
pandemic and vital role of Corporate social responsibility activities in building positive brand
image of the company. ESG reporting includes environmental, social and governance reporting
which will become a central part of finance manger's responsibilities. This is because ESG helps
business firms satisfy consumer directives for corporate social responsibility while acting as a
measurement parameters which ensures improved level of risk mitigation. Finance managers
have to tackle social, ethical and environmental challenges by combined usage of their technical,
moral and professional standards as a part of ESG reporting.
Automated Accounting: Automation is not a new technology as is used in
manufacturing from a long time but it is being used in other business operations such as
marketing and finance (Osunde, 2017). Automated accounting will increase as automation
solutions for accounting operation which require careful analysis become are available at less
cost. In order to preform effectively as a finance mangers it is important to understand the riole
and uusage of automated accounting systems.
Skills/ knowledge and experience required

Skills that are required by finance manager.
Good knowledge of financial amendments: There are several financial amendment that
take place within a year. It is important for the finance manager to make sure that they have a
good grasp on these amendments so that they can make changes accordingly in the financial
records of the company and will be able to provide clear and effective information about the
funds to the stakeholders of the company (Moseley, 2017).
Ability to prioritise work effectively and efficiently: it is important for the finance
manager to be able to prioritise their work as they have the responsibility to allocate the funds of
the company in the most effective and efficient manner and that will only be possible if the
manager is able to prioritise the task and allocate the funds to the most important tasks.
Sound knowledge about the financial records and their maintenance: It is important
for the finance manger to have a sound knowledge of financial books and the process through
which they can record the information. Financial books includes profit and loss accounts,
balance sheet, etc which are one of the most important documents of the company and are
needed to be recorder in a certain way.
Mathematical Proficiency: Finance managers need to have proficiency in mathematical
calculations and accounting operations (Shaxson, 2018). This is because finance managers are
required to develop budgets and financial statements of the company which require mathematical
proficiency to conduct daily activities of the business firm.
Detail oriented: It is essential for finance managers to be detailed oriented as they have
to maintain accuracy when dealing with numbers. Finance managers are required to focus on
various financial aspects of the company at the same time such as overall expenditure and daily
sales of the firm (Smith, 2018). Detailed oriented nature of the finance manager helps in
completing daily business operations and acquiring accurate knowledge of financial aspects of
the company easily.
Experience required by marketing manager
Financial or accounting analysis experience: It is essential for candidates to have 5 to 7
years of experience at the position of financial or accounting analyst. This is because
responsibilities of the finance manger require analysing financial data. This includes on the job
learning at this position.

Summary of skills and experienced needed by finance manger: In order to gain
employment of finance managers wide range of skills are required. This includes knowledge of
financial amendments, ability to prioritize work, financial record maintenance skills,
mathematical proficiency and detailed oriented nature. The experience needed to secure the job
of finance manager is 5-7 years of experience in the profession of financial or accounting
analyst.
Evaluation
Evidence for primary research- CW1 Career Viewpoint
Name of contact
MNO
Company DLF
Job title Finance manager
Date of contact
137/21
How did you contact them? Eg interview,
phone, email, networking
Panel interview
Interview questions
 How has your previous experience prepared you for this role?
 Are you conformable with creating and presenting financial report?
 What is working capital?
 Explain cash flow system?
 Are you aware of cryptocurrency?
 What appeals to you most about this position.
Summary of Response
I explained to the interview panel that my current skill-set in field of finance along with
my detailed oriented nature have helped me understand various intricacies associated with
financial operation of the company which have prepared me for this job. I informed the panel
about my mathematical proficiency and effective communication skills which will help me
develop and present accurate financial reports easily. I provided the definition of working capital
and it's importance in measuring organizational efficiency. After this explained cash flow
systems and formula to the panel. I gave the panel latest knowledge on cryptocurrency including

it's status as legal tender and it's impact on global economy. I briefly discussed the reputation of
the company in response to the last interview question and expressed my passion towards
learning with professionals in the organization in order to gain knowledge and contribute to the
success of the company.

CONCLUSION
From the above report it is determined that it is essential to gain knowledge about the
profession in order to prepare for seeking employment in that field. This includes primary as well
as secondary research top understand the current trend in the profession, skills and experience
required. In addition to this information about interview questions also helps in development of
career viewpoint and evaluate the current skill set and experience in terms of employability.

REFERENCES
Books and Journals
Akhtar, A., 2019. Employee satisfaction of finance & human resource management departments
of Sajeeb Group.
Akkaya, B. and Tabak, A., 2020. The link between organizational agility and leadership: A
research in science parks. Academy of Strategic Management Journal. 19(1). pp.1-17.
Ayturk, Y. and et. al 2017. Research in International Business and Finance.
Moseley III, G.B., 2017. Managing health care business strategy. Jones & Bartlett Learning.
Osunde, C., 2017. Family businesses and its impact on the economy. Journal of Business &
Financial Affairs. 6(1). pp.1-3.
Shaxson, N., 2018. The finance curse: How global finance is making us all poorer. Random
House.
Smith, R., 2018. Failure of the private finance initiative.
Villanueva, J. and et. al 2018. San Juan, the fragile city: finance capital, class, and the making of
Puerto Rico's economic crisis. Antipode. 50(5). pp.1415-1437.