Financial Manager

3 days ago


Bellary, Karnataka, India beBeeFinancialManagement Full time ₹ 10,00,000 - ₹ 15,00,000
Job Title:

A Financial Management Professional

About the Role:

We are seeking a skilled Financial Management Professional to join our team. As a key member of our organization, you will play a pivotal role in maintaining the financial health of our business, contributing to 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. They will oversee and manage various financial activities, ensuring accurate and timely recording of financial transactions.

Key Responsibilities:
  • Financial Reporting:
    • Prepare and Review Financial Statements: Prepare and review financial statements, including balance sheets, income statements, and cash flow statements.
    • Ensure Compliance: Ensure compliance with accounting standards, regulatory requirements, and company policies.
    • Analyze Financial Data: Analyze financial data to identify trends, discrepancies, and opportunities for improvement.
  • Budgeting and Forecasting:
    • Create and Manage Budgets: Collaborate with other departments to create and manage budgets for different projects or operational areas.
    • Monitor Budget Performance: Monitor budget performance and variances, providing insights and recommendations for corrective actions.
    • Develop Accurate Forecasts: Develop accurate financial forecasts to support strategic planning.
  • General Accounting:
    • Oversee Day-to-Day Operations: Oversee day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger activities.
    • Reconcile Financial Records: Reconcile financial records and resolve discrepancies promptly.
    • Maintain Accurate Records: Maintain accurate and up-to-date financial records.
  • Financial Analysis:
    • Conduct Thorough Analysis: Conduct thorough financial analysis to support decision-making and long-term planning.
    • Provide Insights: Provide insights on financial performance, cost control, and revenue enhancement opportunities.
    • Evaluate Investment Opportunities: Assist in evaluating investment opportunities and business expansion strategies.
  • Team Management:
    • Lead and Mentor: Lead and mentor a team of accountants, ensuring their professional growth and development.
    • Delegate Tasks: Delegate tasks effectively, set performance goals, and conduct regular performance reviews.
  • Auditing and Compliance:
    • Coordinate Audits: Coordinate with internal and external auditors during audits and reviews.
    • Ensure Compliance: Ensure compliance with tax regulations, financial reporting standards, and other relevant laws.
  • Cash Management:
    • Monitor Cash Flows: Monitor cash flows and liquidity, optimizing working capital management.
    • Implement Strategies: Implement strategies to manage accounts payable and accounts receivable efficiently.
  • Relationship Management:
    • Collaborate with Banks: Collaborate with banks, financial institutions, and vendors to maintain strong working relationships.
    • Engage Cross-Functional Teams: Engage with cross-functional teams to provide financial insights and support for decision-making.
  • Software and Technology:
    • Utilize Accounting Software: Utilize accounting software and financial management tools to streamline processes and enhance accuracy.
    • Stay Updated: Stay updated with advancements in financial technology and suggest relevant improvements.
  • Compliance:
    • Knowledge of Compliance: Knowledge of compliance and timely completion.

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