Financial Reporting & Analysis:Prepare and review monthly, quarterly, and annual financial statements.Analyze financial performance, including cost structures, margins, and profitability.Provide accurate and timely reports to senior management for decision-making purposes.Monitor variances between budget and actual performance, identifying and addressing discrepancies.Cost Accounting:Monitor and control manufacturing costs, ensuring alignment with budgets.Perform standard cost calculations and periodic reviews of cost structures.Analyze inventory and raw material costs to ensure efficient utilization and cost control.Work closely with the production team to optimize cost management and inventory control.Accounts Payable & Receivable:Oversee the accounts payable and receivable functions, ensuring accurate and timely payments and collections.Review vendor contracts and ensure adherence to payment terms.Monitor aging reports, taking action on overdue accounts.Ensure proper documentation for transactions and compliance with company policies.Budgeting & Forecasting:Develop, manage, and analyze the annual budget for the manufacturing operation.Assist in forecasting cash flow and capital expenditures.Collaborate with department heads to create departmental budgets that align with the companys financial goals.Internal Controls & Compliance:Maintain and enforce internal controls to safeguard assets and ensure accurate financial reporting.Ensure compliance with all relevant accounting standards, tax regulations, and legal requirements.Assist with external audits, providing requested documentation and responding to queries.Team Management:Lead and supervise the accounting team, including accounts payable, receivable, and general accounting staff.Provide training and development opportunities to improve the team's skills and knowledge.Conduct performance evaluations and provide feedback to team members.Process Improvement:Identify opportunities to improve accounting and financial processes, increase efficiency, and reduce costs.Implement best practices in financial management, reporting, and control procedures.ERP and Accounting Software Management:Oversee the use of accounting software and ERP systems to ensure accurate data entry and reporting.Participate in the evaluation and implementation of new software systems, as required.Cash Flow Management:Monitor and manage daily cash flow to ensure the company has sufficient liquidity.Recommend strategies to optimize cash flow and working capital.