Develop and manage the annual budgeting process, including forecasting revenue, expenses, and cash flow. Analyze financial data to provide insights and recommendations to senior management.
Prepare and present accurate financial reports, including income statements, balance sheets, cash flow statements, and variance analyses to stakeholders and executive leadership.
Monitor and control costs, identifying areas for efficiency improvements, and implementing cost-saving measures where appropriate.
Ensure compliance with financial regulations, accounting standards, and internal policies. Oversee tax planning and filing, as well as audit processes.
Lead, mentor, and develop the finance team, providing guidance on financial management practices and fostering a culture of continuous improvement.
Identify and assess financial risks, implementing strategies to mitigate them, including maintaining appropriate insurance coverage, managing credit risk, and ensuring effective internal controls.
Monitor and manage cash flow to ensure the organization has sufficient funds to meet its operational needs. Oversee treasury functions and manage relationships with banks and financial institutions.
Evaluate and recommend investment opportunities, including capital projects, mergers and acquisitions, and other strategic initiatives.
Oversee the implementation and management of financial systems and software to ensure efficient financial operations and reporting.
Act as a key point of contact for financial matters with external stakeholders, including investors, auditors, and regulatory bodies.
Required Skills and Qualifications:
Strong understanding of financial management principles, including accounting, financial analysis, budgeting, and forecasting.
Proficiency with financial software and tools, such as ERP systems (e.g., SAP, Oracle), Microsoft Excel, and financial modeling software.
Significant experience in finance or accounting, with a proven track record in a managerial or leadership role.
Strong leadership and team management skills, with experience in building and motivating high-performing finance teams.
Excellent analytical and problem-solving abilities, with the ability to interpret complex financial data and make strategic recommendations.