1. Financial Planning and Analysis
• Develop and implement financial strategies to support organizational objectives.
• Conduct detailed financial analysis and provide insights to management.
• Prepare financial forecasts, models, and budgets.
2. Budgeting and Forecasting
• Lead the annual budgeting process, including setting timelines, coordinating with departments, and consolidating budget data.
• Monitor budget performance and report variances.
• Update forecasts regularly based on actual performance and market conditions.
3. Financial Reporting
• Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Present financial reports to senior management and stakeholders.
• Ensure compliance with accounting standards (GAAP, IFRS).
4. General Ledger Management
• Oversee the maintenance and accuracy of the general ledger.
• Ensure timely and accurate month-end and year-end close processes.
• Conduct regular reconciliations and reviews of ledger accounts.
5. Accounts Payable and Receivable
• Manage accounts payable and receivable functions to ensure timely and accurate processing of transactions.
• Monitor cash flow and optimize working capital management.
• Ensure accurate billing and collection processes.
6. Compliance and Auditing
• Ensure compliance with all financial regulations and internal policies.
• Coordinate and support internal and external audits.
• Implement and maintain robust internal controls to prevent fraud and ensure financial integrity.
• Oversee tax planning and compliance with all local, state, and federal tax regulations.
• Prepare and file tax returns accurately and on time.
• Liaise with tax authorities and external tax advisors as needed.
7. Team Leadership and Development
• Lead, mentor, and develop the finance team.
• Set performance goals and conduct regular performance evaluations.
• Foster a collaborative and high-performance culture within the team.
8. Strategic Support
• Provide financial insights and support strategic decision-making.
• Participate in business development initiatives and evaluate financial impact.
• Assist in mergers, acquisitions, and other corporate finance activities.
9. System Management and Process Improvement
• Oversee the implementation and maintenance of financial systems.
• Identify and implement process improvements to enhance efficiency and effectiveness.
• Stay updated on best practices and technological advancements in financial management.Train staff on the use of accounting software and tools.
