A Good Opportunity for ..
Manage the day-to-day finance and accounting functions.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Ensure accuracy and completeness of the general ledger, accounts payable, accounts receivable, and other accounting records.
• Analyze financial performance against budget, prior periods, and business targets.
• Provide management with financial analysis and recommendations for business decisions.
• Establish and maintain appropriate accounting policies and procedures.
• Lead the annual budgeting and forecasting process.
• Prepare budgets for manufacturing, distribution, operating expenses, capital expenditure, and working capital.
• Monitor actual performance against budget and investigate significant variances.
• Prepare rolling forecasts and cash-flow projections.
Support management in evaluating new investments, projects, and business opportunities.
• Manage daily cash-flow requirements and working capital.
• Prepare short-term and long-term cash-flow forecasts.
• Monitor bank balances, payments, collections, and funding requirements.
• Maintain relationships with banks and financial institutions.
• Ensure sufficient liquidity for payroll, suppliers, taxes, production, and other operating requirements.
• Monitor foreign-currency transactions and exposures where applicable.
• Oversee customer invoicing, collections, and receivables.
• Monitor customer credit limits and payment terms.
Review overdue accounts and coordinate collection activities.
• Prepare aged receivables reports and provide regular updates to management.
• Work with the Sales and Distribution teams to control customer credit risk.
• Oversee supplier invoices, payment processing, and vendor reconciliations.
• Ensure payments are properly authorized and supported by appropriate documentation.
• Monitor supplier balances and payment schedules.
• Coordinate with Procurement and Operations to ensure proper purchase-to-payment controls.
Identify opportunities to improve payment processes and working capital.
• Oversee accounting for raw materials, work-in-progress, finished goods, and production costs.
• Monitor manufacturing costs, including:
• Calculate and monitor product costs and margins.
• Analyze production variances and investigate unusual cost movements.
• Support the preparation and review of standard costs where applicable.
• Work with Production and Operations teams to improve cost control and operational efficiency.
• Monitor inventory valuation and accounting.
• Review inventory movements, stock adjustments, write-offs, and provisions.
• Coordinate with Warehouse and Operations teams on regular stock counts and reconciliations.
• Investigate inventory variances and identify potential control weaknesses.
• Analyze inventory turnover, slow-moving stock, obsolete inventory, and working capital.
• Monitor distribution costs, logistics expenses, and delivery-related costs.
Ensure timely and accurate preparation and submission of applicable tax returns and statutory reports.
• Monitor tax liabilities and payment deadlines.
• Coordinate with tax authorities, auditors, and external advisors when required.
• Maintain appropriate documentation to support tax filings and financial transactions.
• Keep management informed of significant changes in applicable tax and accounting requirements.
• Establish and maintain effective financial controls.
• Review segregation of duties and authorization procedures.
• Identify financial and operational risks and recommend appropriate controls.
• Monitor compliance with company policies and procedures.
• Investigate unusual transactions, discrepancies, or potential control issues.
Support internal and external audit processes.
• Coordinate annual external audits and other financial reviews.
• Prepare audit schedules and supporting documentation.
• Respond to auditor queries and follow up on audit findings.
• Ensure agreed corrective actions are implemented.
• Maintain proper financial records and documentation.
• Lead, supervise, and develop the Finance & Accounting team.
• Allocate responsibilities and monitor team performance.
• Establish clear accounting procedures and reporting deadlines.
• Train team members on accounting processes, systems, and internal controls.
• Conduct performance reviews and provide coaching and development opportunities.
• Work closely with Sales, Procurement, Warehouse, Production, Logistics, HR, and senior management.
• Provide financial analysis to support operational decision-making.
• Explain financial results and business drivers to non-finance stakeholders.
• Identify opportunities for cost reduction, profitability improvement, and working-capital optimization.
• Support and assist to other necessary for financial assistant to MD.