As he discovers information from financial reports, the assistant finance manager will usually share those findings with upper management. This often involves holding meetings with a finance director or executives to discuss a company's financial situation. In the case of a retail company, he may talk about weekly and monthly revenue, financial discrepancies and possible ideas for maximizing revenue. To be effective, he should be able to work well with others and clearly demonstrate findings.
Another responsibility is working with auditors. To ensure that a company pays the correct amount of taxes and that its financial records are accurate, an assistant finance manager will usually need to collaborate with auditors. In addition, he may work with accountants during tax time to ensure that reports match up.
Along with this, he will sometimes provide assistance with price changes. This duty primarily happens at retail stores when a company alters the pricing on certain products. For example, a company might offer a store wide sale during the holiday season, putting numerous products on discount. Typically, this manager will lead employees throughout the process and make sure that each product has an appropriate price tag.
In addition, an assistant finance manager might also develop money saving plans. As he analyzes financial reports and company taxes, he will often devise strategies to increase revenue and minimize taxes. Being effective at this usually requires a person with a creative mindset and the ability to find possible tax credits.