Due to consolidation across the insurance, banking, mutual fund, and securities industries, today's financial officers must be aware of a wide variety of regulatory, accounting, and financial reporting systems, as well as the key financial drivers for mutual funds, securities firms, and commercial banks, the report says. The 117-page report also considers the unique financial management challenges posed by international activities, from the management of foreign exchange to the risk management of securities transactions in foreign markets, and the CFO's need to know how technology can contribute to efficient financial management and analysis and effective network communication. Stephen W. Forbes, Ph.D., FLMI, Senior Vice President of Research at LOMA, was project leader for this report. He interviewed many senior level industry executives who provided examples of effective financial management practices in today's environment. This report has valuable ideas for executives from both functional and line management areas of life insurance and financial services organizations who want to develop and maintain effective financial management processes.
Companies can use the report as a catalyst for discussion in strategic planning sessions.
For more details on the topics covered, see the Table of Contents. Your Financial Services Customers are here . All rights reserved.