Finance Manager

The Finance Manager will oversee the financial operations of the organization, ensuring accuracy in reporting, compliance with regulations, and optimal use of financial resources. This role is critical in safeguarding the financial integrity of the company while providing strategic insights to support decision-making.DUTIES AND RESPONSIBILITIES:1.Financial Reporting:•Prepare, review and analyze financial statements, including balance sheets, income statements, and cash flow statements.•Lead the monthly accounting close process, liaise with external auditors, and ensure the timely completion of yearly audits.•Ensure timely and accurate reporting to management, shareholders, and regulatory bodies.•Provide actionable insights to support executive decision-making.2.Budgeting and Forecasting:•Lead the annual budgeting process and develop rolling forecasts. Create financial forecasts and projections to support strategic planning.•Monitor budget variances and provide explanations for discrepancies.3.Financial Analysis:•Conduct in-depth financial analysis to identify trends, opportunities, and areas for improvement.•Provide recommendations based on financial analysis to enhance profitability and efficiency.4.Compliance and Regulations:•Ensure compliance with accounting standards, tax regulations, and other financial legal requirements.•Liaise with external auditors and oversee the annual audit process.•Stay updated on changes in accounting regulations and implement necessary changes in financial procedures.5.Internal Controls:•Develop and maintain internal control policies and procedures to ensure the integrity of financial information.•Monitor and enforce compliance with internal control policies and recommend improvements as necessary.6.Cash Management:•Manage cash flow and liquidity, ensuring the organization meets its financial obligations.•Implement cash management strategies to optimize cash resources.7.Team Leadership:•Supervise, mentor, and train accounting staff.•Provide guidance and support to the accounting team, fostering a positive and productive work environment. •Assign tasks and responsibilities to team members and monitor their progress. 8.Systems and Technology: •Evaluate, implement, and manage accounting software and systems to streamline financial processes. •Leverage technology to improve efficiency and accuracy in financial reporting and analysis. •Analyze costs, pricing, variable contributions, sales results, and the company's actual performance against budget. •Develop and implement cost-saving measures and operational efficiencies. •Implement MIS dashboards for management, covering sales, aftersales, and finance KPIs.9.Financial Strategy: •Contribute to the development and implementation of the company's financial and strategic plans. •Provide financial insights and recommendations to senior management for strategic decision-making. 10.Vendor Management: •Manage relationships with financial service providers, including banks, insurers, and pension funds. •Negotiate terms and services to optimize financial resources. 11.Budgets and Financials:•Monitor and control budget of the department/business unit.•Review and continuously update the financial tracking mechanisms and measurements in compliance with standard accounting principles.12.People Responsibility:•Define goals for team members and evaluates performance as per the Elite Group performance management process.•Provide feedback and coaching on an ongoing basis.•Identify training and development needs of the Department/Unit to ensure ongoing capability development.•Provide guidance and ensure transparent communication to manage career aspiration.13.Self-Management:•Set performance goals at the beginning of the year in discussion with the reporting manager and ensure that the goals are achieved during the course of the year.•Strive to achieve the highest levels of proficiency on all competencies and skills required to perform the role.•Identify the training and development requirements for self to ensure on going capability development.14.Health, Safety and Environment:•Ensure compliance to all relevant safety, quality and environmental management policies, procedures and controls to guarantee employee safety, legislative compliance, delivery of high-quality products/service and a responsible environmental attitude.15.Policies and Processes:•Provide inputs and suggestions for the continuous improvement of Department/Unit practices taking into account external and internal/ group level best practices to improve efficiency and effectively manage changes in business environment.•Manage the development, implementation and regular review of the Department/Unit policies, procedures and systems to ensure consistent and systematic application of best practices providing timely and effective support to concerned users.QUALIFICATIONS: •Bachelor’s degree in Accounting, Finance, or related field; Master’s degree or CPA certification is a plus. •Several years of progressive accounting experience, with at least a few years in a supervisory role. •Strong understanding of accounting principles, financial regulations, and compliance standards. •Proficiency in accounting software and ERP systems. •Excellent leadership, communication, and interpersonal skills. •Analytical mindset and attention to detail. •An Accounting Manager plays a crucial role in ensuring the financial stability and integrity of the organization, providing strategic financial guidance, and maintaining accurate financial records.