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Finance Director
3 weeks ago
This key position plays a pivotal role in maintaining the financial health of an organization and driving its growth and success through effective financial management, reporting, and analysis.
The ideal candidate will have a strong understanding of accounting principles, financial analysis, and excellent communication skills.
Key responsibilities include:
Financial Reporting and Analysis- Prepare and review financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure compliance with accounting standards, regulatory requirements, and company policies.
- Analyze financial data to identify trends, discrepancies, and opportunities for improvement.
- Collaborate with other departments to create and manage budgets for different projects or operational areas.
- Monitor budget performance and variances, providing insights and recommendations for corrective actions.
- Develop accurate financial forecasts to support strategic planning.
- Oversee day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger activities.
- Reconcile financial records and resolve discrepancies promptly.
- Maintain accurate and up-to-date financial records.
- Conduct thorough financial analysis to support decision-making and long-term planning.
- Provide insights on financial performance, cost control, and revenue enhancement opportunities.
- Assist in evaluating investment opportunities and business expansion strategies.
- Lead and mentor a team of accountants, ensuring their professional growth and development.
- Delegate tasks effectively, set performance goals, and conduct regular performance reviews.
- Coordinate with internal and external auditors during audits and reviews.
- Ensure compliance with tax regulations, financial reporting standards, and other relevant laws.
- Monitor cash flows and liquidity, optimizing working capital management.
- Implement strategies to manage accounts payable and accounts receivable efficiently.
- Collaborate with banks, financial institutions, and vendors to maintain strong working relationships.
- Engage with cross-functional teams to provide financial insights and support for decision-making.
- Utilize accounting software and financial management tools to streamline processes and enhance accuracy.
- Stay updated with advancements in financial technology and suggest relevant improvements.
The ideal candidate should possess:
- Bachelor's degree in Accounting, Finance, or a related field (Master's degree or professional certifications like CPA, CMA, ACCA can be advantageous).
- Proven work experience as an Accounts Manager or in a similar financial management role.
- Strong knowledge of accounting principles, financial reporting standards, and taxation.
- Proficiency in using accounting software and financial management tools.
- Excellent analytical skills and attention to detail.
- Effective communication and interpersonal abilities.
- Leadership and team management skills.
- Problem-solving aptitude and strategic thinking.
- Ability to work under pressure and meet tight deadlines.