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Financial Operations Director

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Job Title: Financial Operations Director

This strategic leadership role oversees and manages the financial functions of an organization, ensuring accurate and timely recording of financial transactions. The ideal candidate will have a strong understanding of accounting principles, financial analysis, and excellent communication skills.

The key responsibilities include:

  • 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.