1. Develop, implement, and monitor financial strategies, plans, and budgets to support organizational objectives.
2. Conduct financial analysis, forecasting, and modeling to guide decision-making and resource allocation.
3. Prepare and present accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and variance analyses.
4. Ensure compliance with accounting standards, regulations, and internal policies.
5. Liaise with external auditors and regulatory authorities as necessary.
6. Coordinate the budgeting process and collaborate with department heads to establish budgetary targets.
7. Monitor and control expenses, identifying areas for cost reduction or efficiency improvement.
8. Analyze variances between actual and budgeted expenses and recommend corrective actions
9. Manage cash flow, including monitoring cash balances, forecasting cash needs, and optimizing cash utilization.
10. Oversee accounts payable and accounts receivable processes to ensure timely payments and collections.
11. Identify, assess, and mitigate financial risks, such as market risks, credit risks, and operational risks.
12. Develop and implement strategies to hedge against currency fluctuations, interest rate risks, and other exposures.
13. Evaluate investment opportunities, mergers, acquisitions, and capital expenditure projects.
14. Optimize capital structure and manage debt, including sourcing financing and negotiating terms with lenders.
15. Ensure compliance with tax laws, regulatory requirements, and financial standards.
16. Establish and maintain internal controls to safeguard assets and prevent fraud.
17. Provide strategic financial guidance to senior management and the board of directors.
18. Collaborate with other departments to align financial objectives with overall business goals.
19. Lead and mentor a team of finance professionals, fostering a culture of high performance and continuous improvement.
20. Provide training and development opportunities to enhance the skills and capabilities of staff.
21. Build and maintain effective relationships with internal and external stakeholders, including investors, lenders, suppliers, and regulatory bodies.
22. Serve as a key point of contact for financial inquiries and requests.
