Financial Operations Manager

3 days ago

Anantapur, Andhra Pradesh, India beBeeAccountant Full time ₹ 20,00,000 - ₹ 25,00,000
Job Profile: Financial Operations Manager

An essential role within an organization's finance department, responsible for overseeing and managing various financial activities, ensuring accurate and timely recording of financial transactions, and providing strategic financial insights to aid decision-making.

Key Responsibilities:
  • Financial Reporting:
    • 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.
  • Budgeting and Forecasting:
    • 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.
  • General Accounting:
    • 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.
  • Financial Analysis:
    • 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.
  • Team Management:
    • Lead and mentor a team of accountants, ensuring their professional growth and development.
    • Delegate tasks effectively, set performance goals, and conduct regular performance reviews.
  • Auditing and Compliance:
    • Coordinate with internal and external auditors during audits and reviews.
    • Ensure compliance with tax regulations, financial reporting standards, and other relevant laws.
  • Cash Management:
    • Monitor cash flows and liquidity, optimizing working capital management.
    • Implement strategies to manage accounts payable and accounts receivable efficiently.
  • Relationship Management:
    • 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.
  • Software and Technology:
    • Utilize accounting software and financial management tools to streamline processes and enhance accuracy.
    • Stay updated with advancements in financial technology and suggest relevant improvements.
  • Qualifications and Requirements:
    • 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.

As a Financial Operations Manager plays a pivotal role in maintaining the financial health of an organization and contributes to its growth and success through effective financial management, reporting, and analysis. With excellent leadership, analytical, and communication skills, this position is ideal for individuals who are passionate about finance and looking to take their career to the next level.

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