Key Responsibilities & Detailed Tasks
1. Financial Reporting & Accounting Management
- Prepare and review monthly and annual financial statements in compliance with accounting standards.
- Oversee the preparation of balance sheets, profit and loss statements, and other key financial reports.
- Ensure accurate and timely submission of financial reports.
- Supervise and manage the accounting team to ensure efficient operations and adherence to policies and procedures.
- Oversee the general ledger and ensure proper posting of financial transactions.
- Ensure the integrity of financial data through regular reconciliations and resolving discrepancies.
2. Accounts Payable (AP) Management
- Oversee the entire AP process, ensuring all invoices and payments are processed accurately and on time.
- Review and approve AP transactions, ensuring they are compliant with company policies and budget allocations.
- Maintain effective relationships with vendors, managing any disputes and ensuring timely resolution.
- Monitor AP aging and follow up on outstanding payments, ensuring the company maintains good vendor relationships and manages cash flow effectively.
- Implement best practices for efficient AP processes, including automation, cost-saving opportunities, and fraud prevention measures.
3. Budgeting & Forecasting
- Develop and manage the company's budget, working with other departments to ensure alignment with financial goals.
- Prepare financial forecasts, track variances, and provide recommendations for corrective actions.
4. Cash Flow & Treasury Management
- Oversee the management of cash flow, ensuring adequate liquidity to meet operational and financial obligations.
- Develop and maintain accurate cash flow forecasts, including short-term and long-term projections.
- Manage relationships with banks and financial institutions, overseeing bank account operations and ensuring the best terms for credit lines, loans, and other financing arrangements.
- Monitor the company's banking transactions, ensuring the proper management of cash balances and effective cash usage.
- Prepare regular treasury reports to senior management, highlighting cash positions, liquidity, and any potential financial risks.
- Maintain comprehensive documentation and records of treasury activities and financial transactions for auditing purposes.
5. Tax Compliance, Audit & Systems
- Ensure compliance with financial regulations, tax laws, and company policies.
- Lead or coordinate with external auditors to facilitate audits and ensure accurate financial reporting and regulatory compliance.
- Assist and support in system development projects, testing, implementation, and enhancements (SAP or any related system tool).
- Drive and manage any ad hoc projects as required.
6. Team Leadership & Development
- Manage and mentor a team of finance professionals, providing guidance and professional development opportunities.
- Foster a collaborative work environment that promotes high performance and continuous improvement.
Core Key Skills Required
- Financial Analysis and Reporting: The ability to analyze financial data, prepare accurate financial statements, and provide insights that support decision-making and business strategy.
- Cashflow and Treasury Management: Proficiency in managing cash flow, forecasting liquidity needs, and overseeing treasury operations to ensure the company has enough capital to meet its financial obligations.
- Leadership and Communication: Strong leadership skills to manage and motivate the finance team, along with the ability to effectively communicate financial information to senior management, stakeholders, and other departments.
