What Is the Role of a Funeral Director in Prepaid Funeral Plans

Have you ever considered taking out a prepaid funeral plan in order to make your death slightly easier on your friends and family? It will mean that a large percentage of the finances will be covered, and your preferences in terms of how you will actually want your funeral carried out will already be decided, and therefore there won’t be any room for arguments or anyone thinking they knew what you wanted.

You know that you have to buy a prepaid funeral plan from a verified funeral director, however you don’t really know what their role is or why you need to communicate with them.

A funeral director isn’t actually an essential part of your funeral planning, although they are extremely useful. If you choose to arrange the send-off yourself, you might not need their services at all. It is, however, much easier if you do use a director (and a prepaid funeral plan).

So what do funeral directors do?

Funeral directors have a range of responsibilities, which go from the moment the death is registered and the body released to the family until the burial or the cremation have been completed.

Their first job may start long before the death itself, with prepaid funeral plans. This is where someone will choose to pay for their funeral in advance, therefore taking some of the stress away from the family. The funeral director will fill in all the necessary documentation, and make sure that whoever is taking out the plan knows exactly what their costs cover, and the rights this gives them and their family. They will let you know how you should let your next of kin know that you’ve taken out the plan, and how it should be included in your will.

After death, the directors will be able to move the body from the place of death (usually this will be the hospital, as the death will need to be certified by a medical professional), either to the funeral home to prepare for the service or to your home if required.

They are your go-to people for advice and guidance on what to do when someone dies, because they are the only industry which specialises specifically in this area, and therefore know all the laws which are relevant, and make sure you get all the necessary paper completed so that the burial or cremation is carried out to the letter of the law.

Not only do they deal with your prepaid funeral plans or a funeral arranged after the affect, they also manage the other areas surrounding the death to make the process easier as well. They can order floral tributes and arrange them for you, as well transferring or repatriating the body so the service can be carried out at home rather than being limited to where the deceased passed away.

Posted in Uncategorized | Comments Off

A Look at Finance Directors

In this article in our series of finance job profiles we will be looking at the role of a Finance Director. Finance Directors are seen as being the most influential when it comes to making finance decisions within a business or organisation. This role is a very important part of the finance function and you will be in charge of how the company performs by creating and managing budgets.

Due to the importance of the role you will be expected to liaise with all departments within the business helping them manage the budgets you have set them and working closely with the CEO to improve profitability.

Like most job positions, the type and size of a business will determine your exact duties. For larger companies, a Finance Director will be involved in more strategic decisions and analysis and if the company is of considerable size they may employ Finance Directors for just one department or decision. For smaller businesses, there will probably be less people in the department, so your role will be more hands on with the running of accounts.

General activities that the job will be involved in include, creating budgets and making sure they are adhered to, managing people within their team, creating accounts, future planning, analysing competitors, monitoring performance and cash flow and general financial advice within departments.

Top level jobs like this role will involve plenty of meetings, working between offices and putting in extra hours where needed. The skills a recruiter would be looking for in a candidate for a Finance Director include, strong experience in that sector, good business and finance knowledge, good people skills, high maths skills, an analytical nature, good at problem solving, good decision making and good management skills.

Individuals wanting to make it to Finance Director will have to work their way up as it is such a senior role and will require plenty of experience in the finance and accountancy sector.

Moving on from Finance Director roles can lead to more general management roles either within the finance world or in other sectors. Many move on to start up their own business and some even become Chief Executives of the companies they work for.

Posted in Uncategorized | Comments Off

How is the Current Climate Affecting Finance and Accounting Professionals?

Now more than ever, career development should be at the forefront of mind for any finance professional if they want to succeed. Whether you are part, newly or many years qualified it is vital that your training continues so you can carry on developing during the recession, whatever stage of qualification you may be.

It seems Part Qualified professionals have seen very little effect, funding has stayed the same and candidates continue to receive the original benefits and training packages offered. However, there has been increased importance placed on maintaining study and the individuals benefiting from the training are having higher expectations put on them to achieve a standard that sets them apart from their peers.

The last recession saw a significant shortage of newly qualified accountants entering the market between 2004-2008 this was partly due to lack of investment in training and in order to prevent this from happening again employers are continuing to invest in training despite the current economic climate.

It’s been noted that Institute led training has advanced over the last few years with attendees at industry led events steadily increasing. There has been an accelerated growth of ‘professional networking’ and sharing thoughts/ideas with peers as most conferences now count towards validated CPD (Continued Professional Development) hours.

At a Senior level, Financial Controllers and Finance Directors have continued to invest in their own training and see the importance this has on steering their companies effectively through the recession.

Increasingly those finance professionals who have found themselves redundant have increased their networking profile and broadened their skill sets within other related business sectors moving away from pure finance.

Whatever stage of qualification, continual training and development in these tough times will enhance your skills and set you apart from your peers, ultimately providing more career development and job opportunities. To ensure you can capitalize on any opportunity that presents itself, it is crucial that you keep an ongoing documentation of your studies, maintain an up to date CV and keep a constant eye on the industry trends and changes taking place.

Posted in Uncategorized | Comments Off

Financial Job Descriptions

Financial job descriptions

1. Functions of financial management

Depending on business field, functions of financial department in a company or in a financial service can include ones as follows:

· Analyze and evaluate the efficiency of capital management; manage financial risks of the Company;

· Examine, control and assess activities relating to finance, accounting and investment practices of the Company;

· Build up, make plan, estimate and balance the budget for short-term activities of the Company;

· Make action program and plan and proper financial decision in accordance to each development stage;

· Manage and conduct the operations of Finance Department;

· Create and apply international standards of finance management and investment activities.

· Build up a good relationship with foreign and domestic financial institutions.

· Improve financial analysis and forecast ability and decide the optimum solutions.

· Make an optimized solution to the investment in and quotation on the stock markets in Vietnam as well as in the world.

· Develop a well understanding of rules and legal requirements of domestic and foreign stock markets.

· Build up standard system for approaching and attracting national and international financial investments as well as standards for investment made by the Company.

· Make the general strategy and direction for the Company;

· Set development goals for the Company;

· Conduct and take responsibility for all activities of the Company;

· Take responsibility for the profit goal as well as the development and growth goals of the Company;

· Ensure the performance of current and future goals of the company as well as the expectation of the board of directors of the revenue, profit, product quality, human resource development and other activities;

· Prepare plans for business and marketing;

· Manage the workforce to ensure the best performance;

· Make reports clearly in a duly manner to the board of directors; send proposals to the board for approval;

· Evaluate the performance of every department.

2. Positions of financial department

Depending on quality and quality of the above functions, positions of financial department can include ones as follows:

• CFO job description

• Finance director

• Finance manager

• Financial analyst

• Financial controller

• Business analyst

• Finance assistant

• Finance Counselor

• Associate

• Consultant

• Planner

• Specialist

• Advisor

3. Financial job descriptions

To create samples of job description above, you should:

Identify functions of financial dept.
Setting up process/job instructions, detailed duties of each financial functions.
Assign each tasks for each position.
Write job description/job specification for each position.
Compare one by one and send them to board of directors for approval.
A part from that, you can find more about all useful material, forms, templates of financial field at: financial job descriptions and Financial interview questions

Posted in Uncategorized | Comments Off