▷ Finance Supervisor; Functions and Salary

  • May 16, 2022
click fraud protection

A finance supervisor is a professional highly trained in monitoring the financial activities of a company to facilitate the efficient use of resources and help decision-making for the best benefit of the economic entity.

finance supervisor

Advertisements

As a supervisor, you must develop and implement financial policies, ensuring the correct collection, use and management of funds, according to the rules and policies of the company pre-established under the approval of the Board of Directors.

In addition, it must develop strategies that allow it to provide and evaluate possible risks, providing advice on the viability of the investments, which allow the company to obtain profitability without compromising its stability economic.

Advertisements

To this end, it performs tasks of supervision and analysis of accounting information, ensuring that the accounting team fully complies with its functions.

Basically, the tasks as finance supervisor are focused on guarantee the economic solvency of companies that allow them to maintain and improve the profitability of the branded business in the long term.

Advertisements

In this article you will find:

Job Duties of a Finance Supervisor

  • Supervise and verify the adequate accounting record of the economic and financial information of the company.
  • Monitor and control the proper allocation of resources.
  • Provide support in the preparation of budgets and supervise the proper management of monthly, quarterly, semi-annual or annual budget items.
  • Prepare medium and long-term financial projections, based on the operational, commercial and accounting information of the economic entity.
  • Apply financial indicators to analyze and evaluate the financial statements that allow decision making.
  • Study the feasibility of the most favorable investments and the risks that these represent, providing an objective vision in fusion with the expectations of the company.
  • Provide advice to the Board of Directors on economic and financial aspects of the company that allows them to make the best decisions.
  • Prepare the respective financial documentation and other requirements to apply for financing or other financial products.
  • Develop policies for the management of the company's assets and liabilities.
  • Ensure transparency and uniformity in accounting information.
  • Elaborate audits internal financial statements in the company under their supervision and collaborate with external auditors, providing them with the necessary access to information and accounting records.
  • Supervise the cash flow and securities, monitoring the collection and payment operations carried out in the company.
  • Establish mechanisms to help the company achieve its economic and financial objectives.
  • Develop recommendations to reduce expenses and costs in the company.

Qualities a finance supervisor should have

A supervisor in the financial area of ​​a company must have the following qualities and attitudes:

  • Must be a responsible professional, with a high sense of professional ethics, who promotes and guarantees transparency in financial information, reflecting the economic reality of the company.
  • You must be proactive, evaluating the possible economic and financial challenges of the company to provide solutions, alternatives and strategies that help achieve the company's objectives and enhance its growth.
  • Must have leadership skills and good communication with both superiors and subordinates, working as a team to achieve goals and improve financial profitability of the company.

Job Requirements to be a Finance Supervisor

  • Being Lic. In public accounting or Lic. In finance.
  • Minimum verifiable experience in accounting and finance.
  • Know and handle pertinent regulations (IFRS, NIC, ISA, SOX-valid for Mexico, tax, etc.).
  • Know how to evaluate financial products for credit, investment, and risk management.

Job field of a finance supervisor.

  • Budget monitor.
  • Internal audit supervisor.
  • Supervisor of administrative and accounting management.
  • Finance manager.

Average salary of a finance supervisor in Mexico

The average salary of a finance supervisor in Mexico is between $16,000.00 and $20,000.00 pesos per month, which varies depending on the type of company and the degree of experience.

Advertisements

instagram viewer