Position Summary
Responsible for overseeing all financial aspects of company's business operations. Ensure the company's financial stability, accuracy, and compliance with relevant laws and regulations. Play a crucial role in strategic decision-making and providing financial insights to support the company's growth and profitability.
Responsibilities
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Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements
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Conduct regular financial analysis to monitor performance and identify areas for improvement
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Provide clear and concise financial reports to senior management and stakeholders
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Collaborate with department heads to develop annual budgets and financial forecasts
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Monitor budget performance and analyze variances between actual results and projections
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Provide recommendations to optimize spending and ensure adherence to budgetary constraints
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Ensure compliance with accounting principles, tax regulations, and other financial laws
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Coordinate with external auditors and oversee the annual audit process
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Implement and maintain internal controls to safeguard company assets and prevent fraud
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Monitor cash flow and manage liquidity to meet the company's financial obligations
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Develop strategies to optimize working capital and minimize financial risks
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Perform financial modeling and scenario analysis to support strategic planning initiatives
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Assess the financial feasibility of new projects and investments
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Analyze production costs, overheads, and operational expenses to identify cost-saving opportunities
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Implement cost control measures without compromising quality and operational efficiency
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Oversee the finance team, providing guidance and support to ensure smooth financial operations
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Foster a culture of continuous improvement and professional development within the finance department
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Manage relationships with banks and financial institutions
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Coordinate treasury functions, including cash management, loans, and credit facilities