Corporate Finance Fund Managers

Question: Discuss about the Corporate Finance for Fund Managers. Answer: Responsibilities of CFO of RCG Corporation Limited A Chief Financial Officers (CFO) responsibilities are deemed quite difficult. The CFO of a company is accountable for several aspects. Such things are considered factors like a skilled and successful CFO will have differing characteristics from a CFO who is not that effective in gaining the objectives of the company in a superior way. This is for the reason that increasingly successful CFOs will be skilled in estimating the long-term financial view of any company and the manner in which a company sustains depending on their suitable analysis. The three vital responsibilities of CFO of RCG Corporation Limited include: Treasury Responsibilities- RCG Corporation Limiteds CFO is held accountable fo preparing report on financial information of the company that facilitates the shareholders in deciding whether they should invest in the business by taking into account risk and liquidity within the company. RCG Corporation Limited declared in the year 2015 that the companys financial situation remains profitable over the current years. This can be depicted through operating cash flow increase by 11%. Financial report that was prepared by the companys CFO depicted that the business acquires steady dividends at the time of transitioning payout ratio of 80% (Popescu et al. 2013). Controllership Duties- These responsibilities of RCG Corporation Limited encompass reporting and offering appropriate as well as quick historical financial information of a business. All the stakeholders of RCG Corporation Limited encompass employees, shareholders, analytics, management and creditors those rely on quick and accurate information on the financial situation of the business for taking vial strategic decisions for the company. Economic Strategies and Related Forecasting- CFO of RCG Corporation Limited is held accountable for its previous and recent financial situation and takes into account anticipating the companys future financial position. The CFO is highly capable in recognizing and reporting the aspects of the companys business those are gaining huge profits and the ways in which the business is capable to capitalize on the information for improving financial position. CFO of RCG Corporation Limited has efficiently recorded that the business is meeting high growth in revenue and its earnings are affecting by certain strategic investments. The companys CFO report signifies that they have estimated that the company can gain high growth in EBITIDA margin by its major business divisions that will attain high performance in the future years. CFO Responsibilities Effect on the Organizational Objectives An organizations CFO is held accountable in obtaining business and the financial objectives of the company. These authorities find themselves in managing unrelated, incompatible and increasingly conflicting objectives of an organization. Such lack in alignment of financial and operating objectives leads to inefficient and high costs (Rcgcorp.com.au., 2016). CFO possesses the responsibility of obtaining a huge outlook within the overall organization and is situated in an efficient manner, which will make sure in developing efficient strategic plan, financial budgets and reporting systems those are integrated in a better manner considering all the aspects of the companys operations. Figure 1: Responsibilities of CFO and Company Objectives (Source: Tricker 2015) In RCG Corporation Limited, the CFO fulfills responsibilities of identifying issues at the time they occur and work in alignment to the in-line officers all over the company for improving standardization, quality, agility, efficiency and operational agility. The companys CFO has a great focus on short duration financial consequences and centers on enforcing strategies in attaining expense reduction and considers the vision of long-term business advancement. Integrated business planning with support of the CFO objectives in RCG Corporation Limited ensures that the findings address the companys expectations and objectives. The CFO of RCG Corporation Limited has several responsibilities that supports in gaining organizational objectives. The companys CFO serves to be a catalyst for stimulating behaviors all through the business for gaining strategic and financial goals. In consideration to the vital goals of the company is to center on the performance management depending on the histori cal findings. The companys CFO has greatly focuses on the partnerships and several operating frameworks for obtaining increased business goals. RCG Corporation Limiteds CFO possesses increased capability in taking effective short and extended term decisions and attaining the vital goals of the organization in accord to highly volatile financial markets. Playing the role of a financial caretaker, CFO of RCG Corporation Limited has a great role in guiding the company in the direction of objective attainment. As an aspect of leadership within the company, CFO of the organization facilitates increase in the supports in the area of operational and strategic decision-making in the business partnership ability with attaining traditional stewardship related with control, governance, business ethics and compliance. Considering RCG Corporation Limited is future looking company, the CFO has attained its responsibilities in sustaining cost and transactional effectiveness of the organization and focus greatly on strategic value adding of the business (Bedard et al. 2014). The CFO of RCG Corporation Limited attains the board responsibility along with external financial reporting, capital controlling and tax planning management in the organization and sustaining relations with investors. Additionally, CFO has the responsibility for making sure of performance management property and offering advices on mergers and acquisitions. The CFO of RCG Corporation Limited is held responsible in achieving strategic and financial goals of the company by taking decisions on strategic changes being experienced currently by the global retail industry. This encompasses evaluation of impact of several regulations, competition and technology that does not take place frequently within the company. The companys CFO made strategic decisions in positioning the organization as a successful retail chain with diversified portfolio and advanced heritage of providing advanced quality retail services to all its customers. For superior attainment of CFO responsibilities, the company is situated profitably in adapting and addressing regular changes. The CFO of RCG Corporation Limited has achieved the companys financial objectives effectively by implementing his superior experience in the business and financial aspects. The individual has attained his role effectively being the CFO of RCG Corporation Limited. Michael Hirschowitz is the CFO of RCG Corporation Limited is the person responsible for achieving growth to the company. CFO of the company is highly experience in the retail sector. He is appointed by the company since 2006. CFO of the company had taken the decision of having acquisition of taking over 100% share of Hype DC in July 2016. The CFO of RCG had analyzed a high growth in the domestic as well as international market. CFO of the RCG is the person responsible for achieving high return as well profitability. CFO of the company is attaining high growth in the company. CFO has taken effective and useful decision for achieving higher growth of the company. CFO of the company is the responsible person for fulfilling the financial objective of the company. CFO of RCG has taken effective strategy for improving the financial position of the company. CFO has a duty for managing the financial statement is such way that company will be attaining successful growth of the company (Bedard et al., 2014). RCG has given a final dividend of 2.50 cents. He is also the board member of the company the company. Due to an effective strategy of the CFO has reduced the expense of the share which has helped the company in giving high return to the shareholders of the company. The effective decision of CFO has helped in the company in decreasing the expense of the sundry items. The CFO of the company has taken an effective decision about the fair vale measurement concept which has helped the company in getting good value of the company. CFO of the company has forecasted the cash flow will be ranging from 4%-5% by the year 2012. As compared to the previous year it has been observed that the company does not have any acquisition cost. Further, it has been observed that there is no existence of the vendor of Accent Group Limited, which implies that company is no more owing to that group. Further, it has been observed that loan taken by the company has decreased by 20%. As well as a loan to the vendor is no more existing. All these features show that CFO of the company has performed satisfactorily and truly from his perspective. So from the above discussion and analysis, it has been observed that CFO of the company is highly capable of fulfilling responsibilities and duty in the perspective of fulfilling the financial objective of the company. Role of Pension Fund Manager: The pension fund manager is responsible for effective functioning of pension scheme. The pension fund manager is entirely responsible for implementing the fund investment strategy and management of portfolio trading activities. The pension fund manager is responsible to manage and administer the accounts related to the pension fund. Pension fund manager also plays an important role in maximising the pension fund that creates an impact on the operational functions of an organisation. According to Clark and Urwin (2016) the pension fund manager enables the business to mobilise the funds for any business entity. The pension fund managers are paid a subsequent amount for their services which aggregates the average assets under the management. Below listed are the key responsibilities for the pension fund manager. Development of pension policies: As stated by the pension fund manager is under the obligations of developing the pension scheme benefits along with developing the packages for the retired personnel in the organisation. The central area of responsibility for pension fund manager is to effectively mobile the resources for investment and encouraging savings for the growth and development of business. Implementing pension fund strategy: It is responsibility of the pension fund manager to implement pension fund strategy after reviewing and evaluating the savings and the organisational objectives so that it can meet the goals of the organisation. As stated by any such pension scheme should be implemented after taking into the consideration the elements of inherent financial strength of the personnel and the propensity of savings. Pension schemes: The pension fund manager is under the obligations of ensuring that the pension fund schemes should operate effectively and must be in accordance with the performance standard. The pension fund manager should ensure that such standards set out by the organisation should meet the anticipations of the organisation. Thus, the pension fund scheme should be developed in consideration with the elements of financial savings of the business entity. Management of the pension scheme for a particular individual is one of the central responsibilities of the pension fund manager. Providing updated reports to the manager: It is the sole duty of the pension fund manager to provide the trustees of the business with the updated reports. This helps the concerned business authorities to understand the intrinsic details of the pension fund. As stated by the updated report should be presented quarterly or either on half-yearly basis. Recruitment: The pension fund manager is also under the obligations of recruiting and developing a team of professionals comprising of pension fund administrators. This enables the pension fund managers to develop effectual investment strategies. As mentioned by pension fund manager implements numerous recruitment strategies so that it can select best personnel for the organisation. It should be noted that it is necessary for the business enterprise to develop and grow management strategies for successful business enterprise. This helps in mobilising the savings generated by the organisation so as to facilitate the pension schemes for the workforce. Reference Bibliography Apostolakis, G., Kraanen, F. and van Dijk, G., 2016. Pension beneficiaries and fund managers perceptions of responsible investment: a focus group study.Corporate Governance,16(1), pp.1-20. Arnold, G., 2014.Corporate financial management. Pearson Higher Ed. Bedard, J.C., Hoitash, R. and Hoitash, U., 2014. 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