The Finance Manager plays a pivotal role that involves delivering accurate and timely financial information to support the organization while maintaining compliance with company controls, systems, and standards. The Finance Manager ensures tax compliance and submits all statutory requirements to the government.
Additionally, the Finance Manager collaborates with the Country Head to drive the strategic directions of the business. They provide financial advisory services, implement effective business controls and planning processes, and measure the performance of the business. The Finance Manager also establishes and maintains a financial information database while elevating the level of financial awareness within the country and/or organization. This comprehensive role integrates accounting expertise with strategic financial analysis to contribute to the overall success of the company.
Salary range:
$5,000-$6,000
Benefits:
- 15 days Annual Leave
- 14 days Medical Leave
- Encashment for confirmed staff
- AWS
- AIA Medical Insurance
The following include the main job scopes:
1.Financial Advisory Services
-Interprets business financial reports and provides insights to facilitate strategic decision-making.
-Monitors and interprets cash flows, reports future trends, and proposes dividend payouts and payments of outstanding payables, if any.
-Evaluates store financial viability and recommends to the management a sound or appropriate business decision.
-Participates in ad-hoc functional teams involving Operations, and the Support Group, especially for new store openings.
-Implements the most efficient tax payment application and ensures that all tax payments are valid, accurate and timely.
2. Business Planning
-Participates in meetings for strategic decision-making, including the setting of long-term goals, development of organizational and financial strategies, and decisions regarding programs that affect the organization.
-Spearheads the preparation of the Annual Operating and Capital Budgets for the market, including the stores, covering Sales, Store Profit & Loss, Store Expansion/Closure Plans. Also in charge of budget review and finalization for each support unit or departments.
-Checks budget guidelines and reports. Disseminates to the concerned store or department including budget adjustment or changes.
3. Controllership and Financial Information Management
-Reviews the Financial Statements and Management Reports; ensure its accuracy and timely submission to Country, Region, and Corporate.
-Monitors and analyzes sales and profit performance of the country/market and projects business outlook and presents to the Country Head for comments/approval every month.
-Validates all business reports from organization including but not limited to Sales Reports, Profit & Loss Statements, Admin Expense Reports, CAPEX reports, OPEX Reports, Accounting Books, etc.
-Tracks profitability and Return on Invested Capital (ROIC) of stores
4. Controllership: Accounting
-Reviews the Financial Statements and Management Reports; ensure its accuracy and timely submission to Country, Region, and Corporate.
-Review the Balance Sheet and Nominal Account analysis and ensure the timely disposition on reconciling items or errors.
-Comply with the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) of the country.
-Review and approve payments to suppliers and employees on time. Ensure that all payments are valid and accurate. And ensure that assets and inventories purchased are timely reflected in the books and that accountabilities are properly defined.
-Prepare, update, and submit all necessary records, schedules, analysis and ledgers for year-end audit of external auditors.
5. Financial Policy Compliance
-Conducts regular financial audit for all stores and support units and key employees handling company funds and assets
-On time and accurate payment or timely remittances to JV or Franchise partners. Ensures that variances and discrepancies are analyzed and addressed immediately
-Ensures smooth implementation of all store marketing related expenses including control guidelines and accounting of gift checks: monitoring, balancing and preparing of reports after the activity
6. Budget Management
-Checks, reviews, approves and signs all reimbursement, cash advance requests, CAPEX acquisition and other requests of operations or support group as approved by the Operations Head/Market Head.
-Monitors and analyzes monthly budget spending (i.e. rental, logistics, CAPEX, OPEX, supplier costs, third party, etc). Ensures that all expenditures are within the set budget.
-Analyze company operations costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans
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