What To Look For In A Finance Manager

The service of providing funds or capital for commercial or private reasons comes under the umbrella term – Finance. As a branch of a broader subject ‘economics’, it can also be viewed as a method of managing assets. This subject is also referred to as a system of administering money used by the private and business sectors. People that look after or manage the arranging of finance are called finance managers.

Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. The way this works is that managers work to keep the cost of their borrowing low whilst passing this cost on with a an additional percentage to the client enabling a profit to be made. Bad debts are poor finance management where rules have not been followed; the result of this is depressed markets, low production and a cash crisis. This is why people who act as finance managers only have this type of work for a relatively short period because the potential risk to companies is high and so are the stress levels as a consequence.

One of the most famous management gurus Lee Iacocca referred to finance managers as Bean-Counters who almost look at the expense part with a rather pessimistic view. Unlike the sales managers who would like to invest in the future by product development, finance managers are rather skeptical of financing a project whose benefits lie in the future; even though their management governs future outcomes too. Unfortunately when you are running a small business, the boundary lines between a personal loan and a business loan can be a little blurred and often the planned arrangement is not used as was not used for its original purpose. Generally lenders who are investing in a business situation like to know exactly what their money is being used for.

Hopefully by educating the small (and large) business owners of their fiscal responsibilities they may build the basis of an improved company in the future. Small businesses can be very flexible, however, and call upon friends, other businesses, family members, even their own bank for finance. Lenders prefer to use money from elsewhere because it lowers their risk but still allows for a healthy profit to be received by the finance company. Bob Hope once said that you can only get a loan from a bank if you can prove to them you have absolutely no need for it; advice which could not be more true.

Finding the Right Finance Manager Through a Professional Recruitment Agency

If you are headhunting for a financial manager, you must already know how increasingly difficult it can be to hone-in on one, especially the right one. Finance managers must possess the necessary skills to make quick decisions in particularly dicey situations and must also know how to efficiently interpret financial reports, making it convenient for company executives.

In simpler words, a financial manager plays a key role in the success of a business establishment. And with that being said, there is no doubt there is a considerable increase in the demand for specialist finance managers. And this can make it all the more difficult for you to find the one you require, which is why opting for the services of a professional recruitment agency specializing in finance manager recruitment can be a wise decision.

And here are some good reasons why you should consult a recruitment agency right now:

They will help you Promote your Job Ad

At times most employers find it difficult to hire a good finance manager because of the description they have used in their advertisement. The description could be vague or too short or could seem outdated. A recruitment agency can help guide you into attracting the right candidates. Plus, a professional recruitment firm can also help you design a competitive salary and benefits package for potential employees.

A Wider Database

Another great thing about working with a reputable recruitment agency is the fact that they have a considerably large network of industry specialists and professionals. This also means that they don’t waste any time, they don’t have to go out headhunting. Instead they get in touch with talented finance managers in their database; this database may include working professionals and specialists who are currently not in search of employment, which also means they won’t see your advertisement.

Pre-evaluation of Possible Candidates

When you hire a recruiter to find the best possible candidates for you, they don’t just forward resumes to you and leave. They take care of everything and every detail, saving you time, energy and resources. Your in-house recruiters don’t have to waste time evaluating every resume, sifting through each document, evaluating every minor detail. With a professional recruitment agency working with you, all you need to do is expect the potential candidate to arrive at your door-step, evaluated and assessed, ready for anything.

The Bottom Line

The aforementioned details of how recruiting agencies specializing in finance manager recruitment makes it abundantly clear why you should save your resources and outsource your staffing requirements to industry professionals.