1. Financial Planning and Analysis:
§ Develop and maintain financial models to support business planning and decision-making.
§ Prepare and analyze monthly, quarterly, and annual financial reports for management review.
§ Provide insights into key financial metrics, trends, and variance analysis.
2. Budgeting and Forecasting:
§ Collaborate with department heads to create and manage the annual budgeting process.
§ Monitor budget performance and provide timely reports to ensure alignment with strategic goals.
§ Conduct regular forecasting to identify potential risks and opportunities.
3. Cash Flow Management:
§ Manage cash flow by monitoring receivables, payables, and working capital.
§ Implement strategies to optimize cash flow and maintain liquidity.
§ Evaluate and recommend improvements to cash management processes.
4. Financial Compliance:
§ Ensure compliance with relevant accounting standards, tax regulations, and financial laws.
§ Coordinate with external auditors and regulatory bodies for audits and examinations.
5. Financial Decision Support:
§ Collaborate with cross-functional teams to evaluate the financial impact of business decisions.
§ Provide guidance on investment opportunities, cost reduction initiatives, and financial strategies.
6. Risk Management:
§ Identify financial risks and develop strategies to mitigate them.
§ Stay informed about industry trends, economic indicators, and regulatory changes affecting the business.
7. Team Leadership and Development:
§ Lead and mentor the finance team, fostering a culture of continuous improvement and professional growth.
§ Conduct performance evaluations and provide constructive feedback to team members.