How to Select a Suitable Candidate for a Financial Management Position

In an effort to realize exemplary organizational operations as Kallier Textile industry, the management has planned to hire several professional experts among them a financial manager. It is the role of the human resource department under the director to devise the job description, minimum qualifications, advertise the jobs as required, and adopt the best selection criteria for all positions. The following is the job description of the financial manager, the method to advertise the vacancy, and the criteria to select the best individual out of the applicants.

1. Job Description

• The professional will be analyzing sophisticated financial data and interpret the same in an effort to determine previous financial performance as well as to provide a financial projection.
• The officer will oversee the development of research grants, contracts, and unrestricted research budgets. The same officer will provide an analysis of project expenditures and budget patterns.
• It is the responsibility of financial managers to develop management and statistical reports for both the private and governmental donors while overseeing the maintenance of systems initiated for budget monitoring (Governance, management, and accountability, 2008).
• The financial manager identifies and monitors over-expenditures to the administrative staff.
• This officer is also obliged to keep abreast of laws and legislation applicable to various fields of professions or expertise in order to ensure compliance with the latest legal requirements (Salim, 2012).
• The officer may participate in the development of payment schedules, but must oversee the receipt of payments from sponsors.

2. How to Reach a Large Pool of Applicants

The human resource management intends to reach a wide pool of potential candidates through advertisements in the media. Often, the targeted media in this case are the major national television channels and newspapers that serve as the best media to reach potential candidates (Governance, management, and accountability, 2008). The advert will appear concertedly for one week.

3. Criterion to Select the Best Candidate

The candidate must demonstrate a credible expertise in financial management from personal documents. They must have a minimum working experience of five years in a work intensive financial management position. The recruiting officers will determine this from the resume that candidates will submit during the interview.

It is necessary that candidates should have held a financial management position hence must demonstrate exemplary organizational and interpersonal skills for exemplary performance (Salim, 2012). It will be easy to identify this from the work experience essay candidates will submit during the interview.

References

Governance, management, and accountability. (2008). World Bank Working Papers Series, 27-33.

Salim, M. (2012). Cost Reduction and Control Best Practices: The Best Ways for a Financial Manager to Save Money. Chicago: John Wiley & Sons.