CCIFP - Roles and Responsibilities of
the Financial Manager4
Financial Manager is responsible for monitoring - Profitability - ANSWERS-Four components to
monitoring and accurately monitoring company profitability
1) Job profitability
2) Unapplied contract related costs
3) G&A expenses
4) Financing related expenses and investment income
Job Profitability - ANSWERS-Financial manager should ensure that margins on jobs are
maximized through cost recoveryager should ensure t
Administrator of the Finance Department - Responsibilities - ANSWERS-1) Hiring
2) Training
3) Motivating
4) Organizing
Financial Manager's Responsibilities to Employers - ANSWERS-1) Employer's Representative -
Financial manager must act as their employer's representative.
2) Treasury - Financial manager is the custodian of the company's liquid assets. Manager must
ensure they are safe from theft and misappropriation
3) Financial Reporting - The manager must ensure that the fiancial reports prepared for the
company's owners and the representatives are accurate, timely and complete.
Financial Manager's Responsibilities to Creditors - ANSWERS-1) Bankers - Financial manager is
responsible to complying with the terms of the agreements between the bank and the
the Financial Manager4
Financial Manager is responsible for monitoring - Profitability - ANSWERS-Four components to
monitoring and accurately monitoring company profitability
1) Job profitability
2) Unapplied contract related costs
3) G&A expenses
4) Financing related expenses and investment income
Job Profitability - ANSWERS-Financial manager should ensure that margins on jobs are
maximized through cost recoveryager should ensure t
Administrator of the Finance Department - Responsibilities - ANSWERS-1) Hiring
2) Training
3) Motivating
4) Organizing
Financial Manager's Responsibilities to Employers - ANSWERS-1) Employer's Representative -
Financial manager must act as their employer's representative.
2) Treasury - Financial manager is the custodian of the company's liquid assets. Manager must
ensure they are safe from theft and misappropriation
3) Financial Reporting - The manager must ensure that the fiancial reports prepared for the
company's owners and the representatives are accurate, timely and complete.
Financial Manager's Responsibilities to Creditors - ANSWERS-1) Bankers - Financial manager is
responsible to complying with the terms of the agreements between the bank and the
