what is a pm in finance

what is a pm in finance

1 year ago 86
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In finance, PM can stand for different things depending on the context. Here are some possible meanings of PM in finance:

  • Performance Measure: This refers to a metric used to evaluate the effectiveness of an investment or portfolio.
  • Profit Margin: This is a financial ratio that measures the profitability of a company by dividing its net income by its revenue.
  • Purchasing Manager: This is a professional responsible for managing the procurement process of a company, including sourcing, negotiating contracts, and managing supplier relationships.
  • Portfolio Manager: This is a professional responsible for managing a portfolio of investments, such as stocks, bonds, and other securities, on behalf of clients.
  • Process Management: This refers to the practice of improving business processes to increase efficiency, reduce costs, and improve quality.
  • Precious Metals: This refers to metals that are considered rare and valuable, such as gold, silver, and platinum.
  • Perfect Money: This is an internet payment system based in Panama.

Its important to note that PM can have other meanings in different contexts, and its always best to clarify the specific meaning in a given situation. In the context of finance project management, a finance project manager is responsible for overseeing financial projects related to an organizations revenue, from annual statements to investment vehicles. They analyze financial statements and account transactions, create financial reports, and recommend cost reduction techniques to minimize loss. They also recognize opportunities to generate more resources to increase revenue and profits, evaluate company culture, and provide recommendations on changes to accomplish their goals. A finance project manager must possess organizational, analytical, and communication skills, as well as be detail-oriented and have math skills. A bachelors degree in business, accounting, or finance is typically required for this role, and the median annual salary of a finance project manager is $99,000.

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