
Financial Operations Manager
15 hours ago
Job Profile: Financial Operations Manager
A professional in this role plays a pivotal part in maintaining the financial well-being of an organization and contributes to its growth and success through effective financial management, reporting, and analysis.
Main Responsibilities:- 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.
- 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 and Reconciliation:
- 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 Insights and Decision Support:
- 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 Leadership and Development:
- Lead and mentor a team of accountants, ensuring their professional growth and development.
- Delegate tasks effectively, set performance goals, and conduct regular performance reviews.
- Audit Compliance and Risk Management:
- Coordinate with internal and external auditors during audits and reviews.
- Ensure compliance with tax regulations, financial reporting standards, and other relevant laws.
- Cash Flow Management:
- Monitor cash flows and liquidity, optimizing working capital management.
- Implement strategies to manage accounts payable and accounts receivable efficiently.
- Relationship Building and Collaboration:
- 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.
- Financial Technology and Software:
- Utilize accounting software and financial management tools to streamline processes and enhance accuracy.
- Stay updated with advancements in financial technology and suggest relevant improvements.
- Professional Certifications:
- Knowledge of professional certifications like CPA, CMA, ACCA can be advantageous.
This position requires a bachelor's degree in accounting, finance, or a related field. A master's degree or professional certifications like CPA, CMA, ACCA can be advantageous. The role demands proven work experience as an accounts manager or in a similar financial management position.
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