Corporate Finance Staff Primary Responsibilities
Corporate finance staff, under the direct supervision of the CFO, has some very important responsibilities in their jobs. Corporate finance department covers all aspects of the corporate accounting functions, from budgeting and financing decisions to general accounting operations. KCG finance department breaks up the responsibilities into smaller units, which are focused on certain aspects of the corporate finance functions.
Finance employees are responsible for creating annual budgets and reviewing actual results to these budgets. Each Division will be given a budget for its expenses; each budget is then reviewed by the Division managers for any changes or requests.
When Divisions need outside financing for their operations, the corporate finance staff helps procure favorable loan terms for the business. Corporate Finance staff accurately measure the future profits from new operations against the loan terms when obtaining bank financing.
Corporate Finance employees are responsible for protecting any retained capital from business operations. Accounting Operations Corporate Finance employees are also responsible for monitoring the daily accounting operations of the company.