The primary responsibility of financial managers is to increase the value of the existing shares of stock.
The financial manager is responsible for bringing up the ideas and discussing them with seniors that will maximize the profits of the company. Some of their prime responsibilities include making financial plans, investing in profitable stocks, that will increase the financial health of the organization.
Creating reports and making decisions that will help the organization in the long run are also the work of a financial manager. They play the crucial role in making decisions regarding finances of the organization in their welfare.
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