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.
