Finance Manager

Job Purpose and Scope:
Develop & implement controls & practice for better effectiveness and efficiency of the department whilst providing accurate & timely advice to the organization for business decisions. Supervise administrative and commercial activity of the organization

Main Job Responsibilities:
1. Build & implement robust procedure that records & update cash flow status; apply efficient credit policy to safeguard company interest; provide guidance on credit terms to sales team.
2. Supervise critical functions within the accounts department and monitor compliance with prescribed and accepted accounting principles (IFRS) and company procedures.
3. Implement efficient control checks intended for accounts payables. Supervise all payments are made according to company policies and procedures to avoid disputes/fines.
4. Prepare Annual Budget in consultation with General Manager and present the same to Senior Management, Audit & Group CFO for review & approval.
5. Prepare financial statements and other reports to summarize and interpret current and projected company financial position. Present MIS to the Senior Management.
6. Ensure cash flow is adequate for smooth functioning of the business; forecast future payments & receivables to arrange adequate funds.
7. Review, investigate and correct errors and inconsistencies reported in financial entries, documents and reports. Establish & ensure practice of effectual system in reference to collection & compiling of all financial transactions.
8. Supervise stock audit; recommend & implement remedial measures to impede the occurrence of variances; appropriately keep the management informed about the findings.
9. Devise best practices to control stock loss by conducting need analysis with concerned departments and ensure asset management.
10. Supervise the Administrative & employee services.
11. Plan & develop procedures for efficient functioning of Commercial unit of the company. Supervise procurement & logistics activities.
12. Be the focal point for any special assignments which would be delegated as per management discretion
13. Adhere to all policies, guidelines and DOA as well as legal & statutory compliances of the

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