Tag: salary

How To Make Sure That You Get Into Top MBA Programs

How To Make Sure That You Get Into Top MBA Programs

In the maddening race for business school admissions, competing with an overwhelming number of applicants, how do you stand out? How do you make sure that you can get into those coveted MBA programs? You are always left wondering as to what went wrong – […]

How to Blow Your Job Interview

How to Blow Your Job Interview

Job interviews are pretty easy, right? You just turn up, wow the interviewer with your charm, and land the job. What could be easier? After all, they read your application and liked you enough to meet you in person. The job is pretty much yours. […]

5 Top Benefits Of Working In Organization’s Finance Office

5 Top Benefits Of Working In Organization’s Finance Office

An organization’s finance office deals with the overall financial matters carried out by the company. These matters can be internal affairs or external with other companies or businesses. A finance officer is responsible for ensuring timely payments and receipts, reviewing a list of expenditures and how to stabilize a company financially. The professional provides expert advice on how to spend more wisely for the company and how to make smart deals with other entities. Finance officers are mostly hired by established companies or multi-nationals who have operations in more than one facility. They ensure the smooth financial running of a company in every manner possible and bring important matters to the knowledge of seniors. They are required to provide their expertise on matters like which asset needs to be bought and which contract should be delayed for some time. There is more than one benefit in working as a finance officer in an organization. Some major benefits are mentioned below:

Appraisals and Promotions

Finance officers have high chances of being promoted at early stages in big companies. This is due to the flow of work pouring in for a company, where more finance officers may be required for hiring. Finance officers are also provided with various benefits and appraisals from companies since they are permanent employees in companies usually hired for long term purposes. A finance officer can easily be promoted after a couple of revenue generating deals and advices. Established companies acknowledge the fact that the finance officer has brought profits to the company hence, he or she be promoted. Other benefits may include health insurance, annual bonuses, vacation leaves, commissions, the provision of an assistant, etc.

Trusted individual

Finance officers are always trusted individuals. Not only does the company as a whole trust finance officer but so does the other individuals working in the same company. Finance officers are professionals who have access to the most important information about a company. Since they have access to financial matters of the company, they are obliged to sign a contract of non-disclosure before being hired. Once they are hired, they are trusted to make every decision keeping in mind the benefit of the company. Any wrong decision can cost them their job or monthly compensation from the company. Due to the sensitivity of the finance officer’s role in the company, the interviewing process and background checks are extensive by the employer.

Significant employee

Finance officers are considered to be significant employees in a company. Their decisions and inputs in financial matters are highly important for the superiors of a company. In some scenarios, multi-nationals may hire more than one finance officer so that the various contracts and deals undergoing each day in a company are kept under a check. These matters are directly related to the revenues generated within a company hence a finance officer benefit companies in the long run.

Report to a single entity 

Another vital benefit of working as a finance officer in a company is that a finance officer only reports to a single senior who can either be a finance manager or the finance chief officer of the company. This determines the responsibilities of the finance officer since he or she is single-handedly responsible for the everyday decision-making and task completions. These finance officers generate daily or weekly reports for their seniors and are directly from their immediate seniors for further tasks. Receiving directions from a single entity prevents unnecessary communication and clashes within the organization. Since this position in a company is already considered to be a very sensitive one, finance officers should restrain themselves from unnecessary conversations with other professionals in the company to avoid discussions of vital information which is not supposed to be disclosed.

5 Team-Building Techniques for the Workplace

5 Team-Building Techniques for the Workplace

Do you own or manage a company? If so, you are most likely always on the lookout for new ways to create unity among your employees. After all, increased unity helps create a pleasant atmosphere in the workplace. And of course, those who are unified […]

Benefits of Adult Education Programs

Benefits of Adult Education Programs

Adult education programs have gained popularity in the recent past, with more and more mature people desiring to go back to school and add to their knowledge. The benefits of such programs are not only academic but also stretch to the social spheres of life. […]