Finance Manager

Roles and responsibilities

1. Financial Planning and Analysis:

• Develop and implement financial planning processes, including budgeting, forecasting, and financial modeling.
• Analyze financial performance against targets and provide insights to senior management for decision-making.

2. Reporting:

• Prepare and present accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with financial regulations and reporting standards (e.g., GAAP, IFRS).

3. Cash Flow Management:

• Monitor and manage the organization’s cash flow to ensure adequate liquidity for operations.
• Develop cash flow forecasts and strategies to optimize working capital.

4. Budgeting:

• Lead the annual budgeting process, coordinating with various departments to gather input and establish financial targets.
• Monitor budget performance and implement corrective actions when necessary.

5. Financial Controls:

• Establish and maintain internal financial controls to safeguard company assets and ensure accuracy in financial reporting.
• Conduct regular audits and assessments of financial processes and controls.

6. Cost Management:

• Analyze cost structures and identify areas for cost reduction and efficiency improvement.
• Implement strategies to optimize expenses and enhance profitability.

7. Investment Management:

• Evaluate investment opportunities and make recommendations for capital expenditures.
• Monitor the performance of investments and assess their alignment with the organization’s financial goals.

8. Risk Management:

• Identify financial risks and develop strategies to mitigate them.
• Ensure appropriate insurance coverage and manage financial risk exposure.

9. Team Leadership:

• Manage and develop the finance team, providing guidance, training, and performance evaluations.
• Foster a collaborative and high-performance work environment within the finance department.

10. Stakeholder Engagement:

• Collaborate with senior management to provide financial insights that support strategic initiatives and business decisions.
• Serve as a point of contact for external auditors, tax advisors, and financial institutions.

11. Compliance:

• Ensure compliance with local, national, and international financial regulations and tax laws.
• Maintain accurate financial records and documentation in accordance with legal requirements.

Desired candidate profile

1. Education:

• Degree: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Advanced Degree: Master’s degree (MBA or MSc in Finance) is preferred.
• Certifications: Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Management Accountant (CMA) are highly advantageous.

2. Professional Experience:

• Experience: 5-8 years of progressive experience in finance or accounting roles, with at least 2-4 years in a managerial or supervisory position.
• Industry Knowledge: Experience in the relevant industry (e.g., manufacturing, retail, services) is preferred, with an understanding of industry-specific financial practices.

3. Core Competencies:

• Financial Acumen: Strong knowledge of financial principles, regulations, and reporting standards (e.g., GAAP, IFRS).
• Analytical Skills: Proficient in financial analysis, modeling, and forecasting, with the ability to interpret complex data and trends.

4. Technical Skills:

• Software Proficiency: Familiarity with financial software (e.g., ERP systems, accounting software) and advanced proficiency in Microsoft Excel.
• Reporting Tools: Experience with data visualization tools and financial reporting software.

5. Leadership and Management:

• Team Leadership: Proven ability to lead and develop a finance team, fostering a culture of collaboration and accountability.
• Project Management: Experience in managing financial projects and initiatives from planning through execution.

6. Communication Skills:

• Effective Communicator: Strong verbal and written communication skills for conveying financial information clearly to various stakeholders, including senior management and board members.
• Presentation Skills: Ability to prepare and present financial reports and analyses confidently to non-financial audiences.

7. Strategic Thinking:

• Business Acumen: Understanding of business operations and strategy, with the ability to align financial management with organizational goals.
• Decision-Making: Capacity to make informed financial decisions and provide strategic recommendations to support growth.