Position Summary
The Finance Manager oversees the financial operations, ensuring accurate reporting, compliance with regulations, and strategic financial planning. They will lead budgeting, forecasting, and analysis efforts while managing cash flow and optimizing working capital. The Finance Manager spearheads compliance efforts, liaising with auditors and regulatory bodies to uphold standards and mitigate financial risks.
Key Responsibilities
Financial Operations
· Supervise day-to-day financial operations, including accounts payable, accounts receivable, payroll, and general ledger activities.
· Ensure the accuracy and integrity of financial records and transactions.
· Establish and uphold robust internal controls to safeguard company assets and ensure policy compliance.
Budgeting, Forecasting, and Financial Analysis
· Collaborate with department heads to develop annual budgets and forecasts.
· Monitor budget performance and conduct variance analysis to identify areas of improvement.
· Provide financial analysis and insights to support strategic decision-making and resource allocation.
Cash Flow Management
· Forecast cash flow requirements and manage cash balances to ensure liquidity needs are met.
· Implement cash management strategies to optimize cash flow and minimize financial risks.
· Monitor bank reconciliations and resolve any discrepancies promptly.
Strategic Planning
· Collaborate with senior management to develop and execute strategic financial initiatives to drive growth and profitability.
· Conduct financial analysis and modeling to support strategic decision-making and business development opportunities.
· Provide strategic recommendations to senior management based on financial analysis and market trends.
Financial Reporting and Compliance
· Supervise the preparation of accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
· Ensure compliance with accounting standards, regulatory requirements, and company policies, including development and enforcement of compliance policies and internal controls to safeguard company assets and prevent fraud.
· Liaise with external auditors and regulatory agencies to facilitate audits and ensure compliance with regulations.
Tax Compliance and Reporting
· Ensure compliance with tax regulations and reporting requirements, including sales tax, income tax, and payroll tax.
· Coordinate with external tax advisors and auditors during tax filings and audits.
· Develop tax planning strategies to minimize tax liabilities while ensuring compliance with applicable laws and regulations.
Team Leadership and Development
· Lead and mentor the accounting team, providing guidance, training, and performance feedback.
· Foster a culture of compliance and accountability within the accounting department.
· Delegate tasks effectively, ensuring that workloads are balanced, and deadlines are met.
Requirements
· Bachelor's degree in Accounting, Finance, or related field. CPA or ACCA certification is preferred.
· Minimum 5 years of proven experience in accounting or finance role in a managerial capacity.
· In-depth knowledge of accounting principles, practices, and regulations.
· Familiarity with regulatory compliance requirements in the industry.
· Strong analytical and problem-solving skills, with attention to detail.
· Excellent communication and interpersonal skills, with the ability to liaise effectively with internal and external stakeholders.
· Ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines in a fast-paced environment.
