What does a finance and insurance manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

These skill sets are where the common ground ends though. The responsibilities of a finance and insurance manager are more likely to require skills like "insurance products," "customer satisfaction," "dmv," and "life insurance." On the other hand, a job as a credit manager requires skills like "financial statements," "credit card," "credit risk," and "credit policy." As you can see, what employees do in each career varies considerably.

A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.

Each career also uses different skills, according to real finance and insurance manager resumes. While finance and insurance manager responsibilities can utilize skills like "insurance products," "customer satisfaction," "dmv," and "life insurance," managers finance planning and analysis use skills like "financial performance," "financial planning analysis," "financial analysis," and "financial models."

An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.

The required skills of the two careers differ considerably. For example, finance and insurance managers are more likely to have skills like "insurance products," "customer satisfaction," "dmv," and "life insurance." But a audit manager is more likely to have skills like "cpa," "internal audit," "audit reports," and "audit engagements."

An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.