Job Summary:
The Finance Manager is responsible for managing the day-to-day financial operations of the company. This role involves financial planning, analysis, budget management, and compliance. The Finance Manager also leads financial reporting and provides insights to help the Executive Committee to make informed business decisions.
Key Responsibilities:
Financial Planning & Budgeting:
- Oversee the preparation of the company’s financial plans, budgets, and forecasts.
- Analyze business performance and suggest adjustments to financial plans as necessary.
- Monitor and control budgets to ensure alignment with financial goals.
Financial Reporting:
- Prepare accurate and timely financial reports, including monthly, quarterly, and annual financial statements.
- Analyze financial results and report on key metrics and variances to senior management.
- Present financial reports to the Executive Committee, providing insights and recommendations.
Cash Flow Management:
- Oversee the company’s cash flow to ensure sufficient liquidity for operations and growth.
- Develop cash flow forecasts and manage working capital.
- Monitor receivables, payables, and other financial commitments to optimize cash flow.
Account Receivable & Credit Control:
- Oversee the accounts receivable function, ensuring timely collection of outstanding payments.
- Lead the credit control process by establishing credit terms and pursuing overdue accounts.
- Collaborate with the sales and client management team to resolve disputes and maintain client relationships while ensuring timely payment.
Financial Analysis:
- Conduct financial analysis to identify opportunities for cost savings, revenue growth, and efficiency improvements.
- Develop and maintain financial models to assess profitability, cash flow, and capital investments.
- Provide decision support through financial analysis for projects, investments, and business initiatives.
Cost Management & Control:
- Monitor and manage operational expenses, ensuring adherence to budgets and identifying opportunities for cost reduction.
- Implement cost control measures and drive initiatives to improve financial efficiency.
- Evaluate and approve capital expenditures and ensure cost-effectiveness.
Compliance & Risk Management:
- Ensure the company’s financial practices comply with relevant regulations, tax laws, and industry standards.
- Liaise with external auditors during financial audits and implement audit recommendations.
- Oversee risk management strategies, including insurance, investments, and currency exposure.
Tax Management:
- Manage tax planning and compliance for the organization, ensuring timely filing of tax returns.
- Work with external tax advisors to ensure all tax obligations are met and optimized for efficiency.
Team Management:
- Lead and mentor the finance team
- Develop team members' skills through training, performance reviews, and professional development.
- Ensure the finance team provides accurate financial support to other departments.
Systems & Process Improvement:
- Oversee the implementation and use of financial software and systems.
- Continuously improve financial processes, reporting systems, and internal controls.
Key Skills:
- Financial Acumen: Deep understanding of financial principles, budgeting, and financial analysis.
- Analytical Skills: Ability to interpret financial data, identify trends, and make recommendations.
- Communication Skills: Ability to present financial information clearly and concisely to stakeholders.
- Leadership: Strong leadership and team management skills.
- Problem-Solving: Ability to resolve financial challenges and suggest solutions.
- Technical Proficiency: Familiarity with financial software (e.g QuickBooks) and advanced Excel skills.
- Risk Management: Understanding of financial risks and how to mitigate them.
Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- 5+ years of experience in finance or accounting, with at least 2 years in a managerial role.
- Experience with financial planning, budgeting, and forecasting.
- Knowledge of tax laws, financial regulations, and compliance.
