Finance & Accounts manager

Roles and Responsibilities of an Accounts Manager 1. Financial Management and Reporting Oversee daily accounting operations such as accounts payable, accounts receivable, and payroll. Prepare and present accurate financial reports, including profit and loss statements, balance sheets, and cash flow analyses. Ensure timely reconciliation of accounts and bank statements. 2. Budgeting and Forecasting Develop, monitor, and manage budgets in coordination with senior management. Create financial forecasts to support strategic planning and decision-making. Analyze variances between actual and budgeted figures and provide insights. 3. Compliance and Tax Management Ensure compliance with financial regulations and accounting standards (e.g., GAAP/IFRS). Manage tax filings, including GST, VAT, and corporate taxes, ensuring timely and accurate submissions. Liaise with external auditors and implement audit recommendations. 4. Team Leadership and Development Supervise and guide the accounts team to ensure efficient performance. Provide training, mentorship, and development opportunities for team members. Delegate tasks effectively and monitor progress to meet deadlines. 5. Process Optimization Identify and implement improvements in accounting processes and systems. Automate workflows to enhance efficiency and accuracy. Maintain and upgrade accounting software as needed. 6. Risk Management Monitor financial risks and recommend appropriate mitigation strategies. Manage credit risks by assessing customer creditworthiness and establishing credit policies. Ensure adequate internal controls are in place to safeguard company assets. 7. Stakeholder Collaboration Collaborate with other departments to provide financial guidance and insights. Communicate financial results and recommendations to senior management. Build strong relationships with external stakeholders, including banks, auditors, and regulatory bodies. 8. Financial Strategy Support Assist in the formulation of the company's financial strategy. Provide insights on cost control, revenue enhancement, and investment opportunities. Support decision-making through detailed financial analysis and forecasting. 9. Reporting and Documentation Maintain accurate and up-to-date financial records for internal and external audits. Ensure all financial transactions are documented and recorded appropriately. Prepare detailed reports and presentations for management and board meetings. 10. Regulatory and Legal Adherence Stay updated on changes in accounting and financial regulations. Ensure the organization complies with legal and regulatory requirements in all financial matters. nsibilities