Senior Manager Finance

Key Responsibilities:

1. Financial Planning & Analysis:

• Manage budgeting processes, ensuring alignment with corporate goals and proper resource allocation.
• Lead the development of comprehensive financial models and forecasts to evaluate the financial impact of business strategies.
• Conduct variance analysis and provide recommendations to management for improvements.
• Develop and monitor key performance indicators (KPIs) for financial performance and network marketing specific metrics, such as commission payout ratios, sales growth, and network structure profitability.

2. Reporting & Compliance:

• Oversee the preparation and presentation of monthly, quarterly, and annual financial reports.
• Ensure compliance with relevant tax laws, regulations, and accounting standards specific to Network Marketing businesses.
• Collaborate with external auditors during audits and ensure timely completion of financial statements.
• Review financial statements to ensure accuracy and identify discrepancies.

3. Commission Structure & Payouts:

• Manage and optimize the companys commission and incentive structures, ensuring alignment with business goals.
• Work with the legal and operations teams to ensure that commission models comply with industry standards and regulations.
• Ensure accurate, timely processing and distribution of commissions to Affiliates while minimizing errors and discrepancies.

4. Strategic Business Partnering:

• Provide financial insights to senior management and other departments, influencing business decisions regarding expansion, marketing strategies, and operational improvements.
• Act as a financial advisor for leadership in understanding the financial implications of new business initiatives, product launches, or geographic expansions.
• Support cost management efforts across the organization, identifying cost-saving opportunities and enhancing profitability.

5. Risk Management:

• Identify financial risks and implement mitigation strategies.
• Monitor industry trends and regulatory changes, assessing their impact on financial strategies and compliance.
• Ensure robust internal controls are in place to protect the company’s financial assets.

6. Team Leadership & Development:

• Lead and mentor a team of finance professionals, providing guidance and training on financial processes and best practices.
• Foster a collaborative and results-driven work environment.
• Drive process improvements to streamline financial operations, ensuring efficiency and scalability.

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• Manage the closing of accounts, including preparation and verification of various ledgers, and ensure accurate accounting of all transactions.

  Role & responsibilities

Preferred candidate profile