Optimise financial performance

Direct and coordinate the organisation’s financial operations and budget activities, in order to optimise financial performance.

direct financial operations
financial performance optimisation
optimisation of financial performance
controlling business budget
direction of financial operations
control business budget
directing financial operations
optimising financial performance
optimising of financial performance

skill/competence

cross-sector

Optimise financial performance is an essential skill of the following occupations:

Metal production manager: Metal production managers organise and manage the day-to-day and long-term project work in a metal fabrication factory, to process basic metals into fabricated metals. They create and schedule production plans, recruit new staff, enforce safety and company policies, and strive for customer satisfaction through guaranteeing the product’s quality.

Foundry manager: Foundry managers coordinate and implement short and medium term casting production schedules, and coordinate the development, support and improvement of casting processes, and the reliability efforts of the maintenance and engineering departments. They also partner with ongoing remediation initiatives.
Mine manager: Mine managers control, direct, plan and coordinate mining production activities. They have statutory responsibility for safety and are also responsible for environmental impact. They oversee the acquisition, installation, maintenance and storage of mining plant and equipment. They lead and manage according to the organisation’s code of conduct.
Metallurgical manager: Metallurgical managers coordinate and implement short and medium term metallurgical or steel-making production schedules, and coordinate the development, support and improvement of steel-making processes, and the reliability efforts of the maintenance and engineering departments. They also partner with ongoing remediation initiatives.
Chemical plant manager: Chemical plant managers coordinate the day-to-day production of chemical products ensuring the quality of products and equipment, the safety of personnel and protection of the environment. They define and implement the investment budget, deploy industrial objectives and manage the unit as a profit center representing the company in its economic and social environment.
Quarry manager: Quarry managers plan, oversee and coordinate quarry operations. They coordinate extraction, processing and transportation and ensure these processes run smoothly and according to health and safety standards. Quarry managers ensure the successful running of the quarry and implement company strategies and guidelines.

Optimise financial performance is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Product development manager: Product development managers coordinate the development of new products from beginning to end. They receive briefings and start envisioning the new product considering design, technical and cost criteria. They conduct research on market needs and create prototypes of new products for untapped market opportunities. Product development managers also improve and boost technological quality.
Industrial robot controller: Industrial robot controllers operate and monitor industrial robots used in automation processes to perform various manufacturing activities such as lifting, welding and assembling. They ensure that the machines are working correctly and in sync with other industrial robots, maintain and repair defective parts, assess risks and perform tests.
Mine supervisor: Mine supervisors coordinate and supervise the activities related to mining and quarrying in underground and surface mines and quarries. They oversee the workers, schedules, processes and organisation in the mines and quarries.
Manufacturing manager: Manufacturing managers plan, oversee and direct the manufacturing process in an organisation. They ensure products and services are efficiently produced within the timeframe and budget given.
Financial risk analyst: Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.
Financial broker: Financial brokers undertake financial market activities on behalf of their clients. They monitor securities, financial documentation of their clients, market trends and conditions and other legal requirements. They plan buying and selling activities and calculate transactions costs.

References

1. Optimise financial performance – ESCO