Key Financial Roles & Responsibilities

Key Financial Roles & Responsibilities

In this lesson, you’re expected to learn about the different kinds of roles that finance professionals perform.

There are a wide variety of positions available in corporate finance. In this lesson, we’ll cover some of the more common ones.

Entry-Level Positions

The entry-level positions in corporate finance are typically the same as the ones you see in Accountancy.

Account clerks and other paperwork processing: people who work on data entry.

Credit control: people who process incoming payments and money owed.

Payroll: they make sure that you get paid.

Purchase ledger clerks: people who process outgoing payments and money owed to others.

[Optional] Financial Roles and Responsibilities
Check out this article to learn more:
Research Analysts

Analysts get to do vast amounts of research and analysis to generate useful information from data or to investigate as yet unstudied scenarios.

Normally, analysts receive budget information or corporate financial information and are told to do the calculations necessary to make recommendations.

Often these projects are fairly broad and analysts have to model new forms of calculations, assess market trends and make other similar efforts that require a degree of creativity and innovation.

In corporate finance, auditors go back and check the work of all the other finance professionals, making sure that everything is accurate and done properly.

They’re also sometimes the ones who discover cases of fraud or theft.

A special kind of auditing, where auditors do their calculations for the purpose of presenting them in court, is called forensic accounting.

Loss Adjusters

Loss adjusters are people who work for insurance companies and analyze your insurance claim to determine how much the insurance company is going to pay for damages and whether your claim is fraudulent or real.

Any claim large enough for a company to file is guaranteed to attract a loss-adjuster inspection.

[Optional] Difference between Loss Adjusters & Loss Assessors
Executives & Managers

Executives and managers are the people who make the final decision based on the recommendations that all the other financial professionals make.

Although companies try to keep someone from each department in executive positions, that isn’t always the case. In the case of corporate finance, the Chief Financial Officer (CFO) is supposed to be a financial professional in executive management.


The term trader refers to anyone who makes a living by buying and selling investments with great frequency.

Unlike investors, who purchase investments with the intention of holding onto them for an extended period of time with the expectation of them rising in value, traders hold onto investments just long enough for their value to rise a little bit and then sell them at a profit.

Treasury Officers

Treasury Officers are in charge of managing financial assets, i.e. keeping track of cash management, foreign exchange and capital structure.*

Often treasury officers are also in charge of risk management, although this responsibility is sometimes given a separate position, depending on the company.

Jim Rohn