This job scope covers coordinating all finance-related activities in a company. As part of your job you are required to ensure that financial statements are accurate, complete and prepared in accordance with the accounting principles.
Read more below to find out how you can be a financial executive.
In the job, you would be in charge of all accounting and financial duties within a firm. Supervise staff and ensure that organisation's financial statements adhere to generally accepted accounting principles, industries practices and top management's directives. As a financial executive, you would oversee tax reporting activities and ensure that employees abide by Internal Revenue Service IRS requirements when calculating corporate fiscal liabilities (debt).
Education and Training
Take an advanced degree in accounting, finance, auditing or taxation. This is especially so as employers generally require job seekers to have significant business acumen and practical experience of more than 10 years, especially if you intend to advance your career. Further specialised credentials include a certified public accountant CPA or certified internal auditor CIA license.
Career growth opportunities for financial executives generally depend on the firm's performance, economic trends and shareholders actions. A financial executive may also be promoted if a company engages in a corporate re-organisation initiative such as a merger or an acquisition. A competent and skilled finance chief typically moves to a senior role within five to 10 years. He can then advance in his career to become a senior finance president, chief financial officer and chief accounting officer.
With all these skills in hand, you can be well prepared for your ideal career as a finance executive.