FinOps Manager
Posted on :
21-10-2024
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1 Vacancy
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Job Description
- Lead the financial planning process including budgeting forecasting and variance analysis.
- Provide insights on financial performance and key metrics to support business decisions.
- Develop and monitor financial models to predict future business performance.
- Analyze and control costs related to operations ensuring efficiency in resource allocation.
- Identify opportunities for cost savings across the companys operations including logistics and supply chain functions.
- Oversee the implementation of costcutting measures and assess their impact.
- Track revenue streams and assess their profitability.
- Collaborate with sales and operations teams to improve revenue generation and optimize profit margins.
- Analyze and report on customer acquisition costs logistics expenses and overall contribution margins.
- Prepare and present accurate financial reports including monthly quarterly and annual reports to senior management.
- Ensure compliance with internal financial reporting standards and deadlines.
- Support external audits by providing relevant financial data and documentation.
- Monitor and manage cash flow to ensure liquidity for operations and strategic investments.
- Forecast cash requirements and ensure timely payments to suppliers employees and service providers.
- Optimize working capital by managing receivables and payables.
- Establish and maintain robust internal controls to safeguard company assets.
- Ensure compliance with all financial regulations tax laws and industry standards.
- Oversee the implementation of financial policies and procedures.
- Track and analyze operational key performance indicators (KPIs) related to delivery times transportation costs and warehouse efficiencies.
- Work closely with the operations team to align financial targets with operational goals.
- Develop performance dashboards for realtime tracking of key financial and operational metrics.
- Identify and mitigate financial risks related to the business operations such as currency fluctuations credit risks and logistical challenges.
- Collaborate with the legal and compliance teams to manage contractual and regulatory risks.
- Lead and mentor the finance team including accountants analysts and clerks.
- Promote a culture of continuous improvement within the financial operations department.
- Conduct performance reviews and support the professional development of the team.
- Manage relationships with key suppliers negotiating favorable terms and payment conditions.
- Review and approve vendor contracts and ensure compliance with agreed financial terms.
- Monitor vendor performance to ensure alignment with cost and quality standards.
- Implement and oversee the use of financial and operational management systems.
- Collaborate with the IT team to enhance system functionalities for better financial reporting and tracking.
- Leverage data analytics to improve financial decisionmaking and operational efficiency.
- Provide financial guidance to the CEO CFO and department heads supporting strategic decisionmaking.
- Collaborate with other departments to ensure the financial viability of new initiatives and projects.
- Support the board and investors with detailed financial analyses and recommendations.
Requirements
- Bachelor s degree in Finance Accounting Economics or a related field (required).
- Professional certifications such as CFA CPA or ACCA (preferred).
- Master s degree in Business Administration (MBA) or a related field (preferred).
- 5 years of experience in financial management accounting or operations finance preferably within logistics supply chain or similar industries.
- Proven experience in cost control budgeting and financial forecasting.
- Experience in logistics transportation or supply chain finance (highly preferred).
- Demonstrated success in leading financial teams and managing complex financial operations.
- Prior experience with ERP systems or financial software (e.g. Zoho SAP Oracle etc.).
- Strong financial modeling and forecasting skills.
- Expertise in financial analysis including variance analysis margin analysis and profitability assessments.
- Excellent knowledge of cost accounting and cost control mechanisms.
- Advanced Excel skills and proficiency in financial reporting software.
- Knowledge of tax laws financial regulations and compliance standards.
- Strong understanding of cash flow management and working capital optimization.
- Excellent analytical and problemsolving skills with a focus on operational efficiency.
- Ability to manage vendor and supplier relationships from a financial perspective.
Employment Type
Full Time
Key Skills
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