Manager - Finance

• The Finance Manager will oversee all financial aspects of the AASRIPLs operations, ensuring financial health and compliance with legal and regulatory requirements.
• This role involves managing financial planning, reporting, budgeting, and risk management.
• The Finance Manager will work closely with the executive team to make strategic financial decisions and drive profitability.

Reporting to: Managing Director

Qualifications and Requirements:

- Bachelor's degree in Finance, Accounting, or related field (Master's degree preferred).

- Professional certification such as CPA, CMA, or CA is a plus.

- Proven experience of 10-15 years as a Finance Manager or similar role.

- Strong knowledge of financial management, accounting principles, and taxation.

- Excellent analytical and problem-solving skills.

- Proficient in financial software and Microsoft Excel.

- Strong communication and leadership skills.

- Attention to detail and a high level of integrity.

Key Responsibilities:

1. Financial Planning and Analysis:

• Develop and maintain financial models and forecasts.
• Analyze financial data and provide insights to support strategic decision-making.
• Prepare monthly, quarterly, and annual financial reports.

2. Budgeting and Cost Management:

• Manage the budgeting process, including annual budget preparation and variance analysis.
• Implement cost control measures to optimize operational efficiency.
• Responsible for developing budgets and financial forecasts based on cost data.
• Collaborate with other departments to establish achievable financial targets and monitor actual costs against budgeted figures.

3. Costing and Cost Analysis:

a. Analyzing costs and identifying cost drivers to determine the true cost of products or services.

b. Develop effective costing systems, such as standard costing or activity-based costing, to accurately track and allocate costs.

4. Cost Control and Optimization:

a. Identifying cost-saving opportunities and improving operational efficiency.

b. Analyze cost trends, assess cost variances, and recommend measures to reduce costs, eliminate waste, and improve process efficiency.

5. Cash Flow Management:

• Monitor cash flow, ensuring sufficient liquidity for daily operations.
• Manage working capital and cash flow projections.

6. Accounting and Financial Reporting:

• Oversee the accounting function, including accounts payable, accounts receivable, and general ledger.
• Ensure compliance with accounting standards and regulatory requirements.
• Prepare and review financial statements.

7. Taxation and Compliance:

• Manage tax planning and compliance, including income tax, GST, and other applicable taxes.
• Ensure timely filing of tax returns and adherence to tax laws.

8. Risk Management:

• Identify financial risks and implement risk mitigation strategies.
• Maintain insurance coverage to protect the company's assets and liabilities.

9. Treasury and Banking:

• Manage relationships with banks and financial institutions.
• Optimize banking services, investments, and credit facilities.

10. Audit and Internal Controls:

• Coordinate external audits and work with auditors.
• Establish and maintain internal controls to safeguard company assets.

11. Financial Leadership:

• Provide financial leadership and guidance to the executive team and department heads.
• Present financial performance and recommendations to the board of directors.

12. Pricing and Profitability Analysis:

• Determining product pricing strategies by considering costs, market conditions, and profitability goals.
• Analyze profit margins, conduct pricing analyses, and provide insights to support pricing decisions.

13. Decision Support:

• Provide financial data and analysis to support decision-making at various levels of the organization.
• Contribute to business cases, cost-benefit analyses, investment evaluations, and other strategic decisions.

14. Compliance and Reporting:

• Ensure compliance with financial regulations and reporting requirements.
• Prepare cost reports, provide cost-related information for financial statements, and support audits or reviews of cost records.

15. Team Management:

• Supervise and mentor finance department staff.
• Promote a culture of accountability and continuous improvement.