Senior Manager Accounts & Finance

Job Description

Role Definition To lead the Accounts and Finance department, ensuring the organization's financial health and compliance with financial regulations, while supporting strategic decision-making through accurate financial reporting and analysis. Responsibility Deliverable 1) Financial Reporting and Compliance 2) Budgeting and Forecasting 3) Cash Flow Management 4) Taxation and Compliances 5) Financial Analysis and Decision Support 6) Team Leadership and Development TASKS & ACTIVITIES Financial Reporting Develop and maintain timely and accurate financial statements and reports that comply with accepted accounting principles and financial reporting standards. Manage the process for financial forecasting, budgets, and oversee the preparation of all financial reporting. Advise on the financial implications of business decisions and strategic planning, ensuring all legal and regulatory documents are filed and monitor compliance with laws and regulations. Implement and maintain internal control policies and procedures for financial and tax reporting. Coordinate with external auditors, manage the audit process, and implement audit recommendations. Taxation and Compliance Oversee the preparation and filing of all tax returns, including income, sales, and use taxes, ensuring compliance with local, state, and federal tax laws and regulations. Develop and implement strategies to minimize tax liabilities while ensuring compliance with the law. Stay abreast of tax law changes and assess their impact on the company. Ensure that appropriate tax credits and deductions are applied. Work closely with tax advisors and accountants on tax planning and compliance strategies. Manage and coordinate tax audits by governmental agencies. Advise management on the tax impact of corporate strategies, mergers, and acquisitions. Budgeting and Forecasting Lead the annual budgeting process, engaging with department heads to ensure realistic budget projections. Regularly review company finances and spending, adjusting the budget as needed for operational efficiency. Develop financial models and forecasting tools to predict future financial scenarios and outcomes. Present detailed budget reports to senior management, highlighting opportunities and risks. Analyze market trends and competitors, incorporating insights into financial planning Cash Flow Management Monitor cash flow projections and actual cash flow performance against the budget; take necessary actions to ensure financial stability. Develop and execute financing strategies to manage the company's capital requirements. Optimize the management of bank balances and maintain efficient banking relationships and liquidity management. Implement controls to prevent fraud and manage credit risk. Negotiate with vendors and manage payment terms to optimize cash outflow. Financial Analysis and Decision Support Perform detailed financial analysis to identify business growth opportunities and areas for cost reduction. Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making. Review company bottlenecks and recommend changes to improve the overall level of company throughput. Participate in strategy development and prioritize investment opportunities based on the company's financial analysis. Conduct scenario analysis and risk assessment to guide financial and operational decision-making. Team Leadership and Development Lead, mentor, and develop the finance team, promoting a culture of high performance and continuous improvement. Establish training programs to enhance team skills and knowledge in financial management, software, and other tools. Set comprehensive goals for performance and growth, evaluating performance by analyzing and interpreting data and metrics. Foster a success-oriented, accountable environment within the company, maintaining strong relationships with department heads, external partners, and vendors.