Business Finance Manager

Roles and responsibilities

1. Financial Planning and Analysis:

• Develop and manage financial planning processes, including budgeting, forecasting, and variance analysis.
• Prepare detailed financial reports and analyses to support strategic decision-making by management.

2. Budget Management:

• Oversee the preparation and management of the annual budget, ensuring alignment with organizational goals and objectives.
• Monitor budget performance, analyze variances, and recommend corrective actions as necessary.

3. Financial Reporting:

• Ensure timely and accurate preparation of financial statements in compliance with applicable accounting standards and regulations.
• Present financial reports to senior management and stakeholders, providing insights and recommendations.

4. Cost Control and Efficiency:

• Implement cost control measures to enhance profitability and operational efficiency.
• Conduct regular reviews of business processes to identify areas for improvement and recommend solutions.

5. Cash Flow Management:

• Monitor cash flow and liquidity positions to ensure the organization meets its financial obligations.
• Develop cash flow forecasts and manage working capital effectively.

6. Financial Risk Management:

• Identify and assess financial risks and develop strategies to mitigate them.
• Ensure compliance with regulatory requirements and internal policies related to financial practices.

7. Business Support:

• Provide financial and operational support to various departments, helping them achieve their objectives.
• Collaborate with cross-functional teams to drive business initiatives and projects.

8. Data Analysis and Reporting:

• Analyze business performance metrics and trends, providing insights to support strategic planning.
• Utilize financial modeling and analytical tools to evaluate business scenarios and recommendations.

9. Stakeholder Engagement:

• Liaise with external stakeholders, including auditors, banks, and regulatory authorities, to ensure compliance and resolve financial issues.
• Build strong relationships with internal teams to facilitate collaboration and communication.

10. Leadership and Team Management:

• Lead and develop the finance and business support team, providing guidance and support to ensure high performance.
• Foster a culture of continuous improvement and professional development within the team.

Desired candidate profile

1. Education:

• Degree: A Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Advanced Degree: A Master’s degree in Business Administration (MBA) or Finance is highly preferred.
• Certifications: Relevant professional certifications (e.g., CPA, CMA, CFA) are advantageous.

2. Professional Experience:

• Experience: At least 7-10 years of experience in finance or business management roles, with a focus on financial planning, analysis, and reporting.
• Industry Knowledge: Experience in the same industry as the organization is preferred, especially in sectors like hospitality, retail, or manufacturing.

3. Core Competencies:

• Financial Acumen: Strong understanding of financial principles, accounting standards, budgeting, and forecasting.
• Analytical Skills: Excellent analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights.

4. Technical Skills:

• Software Proficiency: Proficient in financial software and ERP systems (e.g., SAP, Oracle, or Microsoft Dynamics), along with advanced Excel skills.
• Reporting Tools: Familiarity with business intelligence tools (e.g., Tableau, Power BI) for data visualization and reporting.

5. Leadership and Management Skills:

• Team Leadership: Proven experience in leading and developing finance teams, fostering a collaborative and high-performance culture.
• Cross-Functional Collaboration: Ability to work effectively with various departments, facilitating communication and understanding of financial implications.

6. Project Management Skills:

• Initiative and Execution: Strong project management skills to oversee finance-related initiatives and ensure timely execution.
• Process Improvement: Experience in identifying process inefficiencies and implementing improvements to enhance operational effectiveness.

7. Communication Skills:

• Verbal and Written Skills: Excellent communication skills, with the ability to present financial information clearly to non-financial stakeholders.
• Stakeholder Engagement: Strong interpersonal skills to build relationships with internal and external stakeholders.

8. Strategic Mindset:

• Business Insight: Ability to align financial strategies with overall business goals and contribute to strategic planning processes.
• Decision Support: Provide strategic recommendations based on financial analysis to support senior management in decision-making.