Finance Manager

The role of the financial manager, particularly in business, is changing in response to

technological advances that have substantially reduced the amount of time it takes to produce
financial reports. Financial managers main responsibility used to be monitoring a companys
finances, but they now do more data analysis and advice senior managers on ideas as to how to
maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry

General Responsibilities:
Provide support to Operations group, through information analyses (e.g. current
processes, actual performance vs. budget and prior year, budget, etc.), preparation of
operational data/analyses for publication to various constituents throughout company
(Management, Sales, Product Management, Operations, etc.) who rely on/benefit from
the information to make informed business decisions. Primary responsibilities will
include assisting Operations team in the Monthly Operations Review, identification
of areas for cost reductions and operational improvements, annual budget process,
periodic forecasting, and periodic analysis of operations performance.

Prepare monthly analysis of cost of food sold and operational expenses against prior
year and budget, providing explanations and business solutions to help mitigate the
risks.

Partner with Product Management and Purchasing Team in determining financial impact
due to product cost reductions, new product roll out, etc. and prepare periodic forecasts to
update management on projected results.

Analyze financial performance against key business metrics and document pertinent
financial highlights that will enable management to determine progress against budgets.

Identify, investigate, and analyze potential operational improvement. As appropriate,

based on findings make proposal for operational changes (policy, procedures, processes,
etc.)

Fulfill responsibilities under OHSAS 18001, understand and fully support OHSAS 18001
system.

Perform all other duties as assigned and required.

 Providing financial reports and interpreting financial information to managerial
staff while recommending further courses of action.

Advising on investment activities and provide strategies that the company should
take maintaining the financial health of the organization.

Analyze costs, pricing, variable contributions, sales results and the companys actual
performance compared to the business plans.

Develop trends and projections for the firms finances.

Conduct reviews and evaluations for cost-reduction opportunities.

Oversee operations of the finance department, set goals and objectives, and design a
framework for these to be met.

Manage the preparation of the companys budget.

Liase with auditors to ensure appropriate monitoring of company finances is

maintained.

Correspond with various other departments, discussing company plans and

agreeing on future paths to be taken.

Represents the finance department on the daily department heads meeting with the
general manager.

Manage all phases of Accounts Payable, Receivable and department budget.

Calculate and distribute wages and salaries.

Prepare regular reports and summaries of accounting activities.

Prepare financial statements and debtors' listings.

Verify recorded transactions and report irregularities to management.

Providing direction to the audit team so as to ensure proper revenue reporting.

If any imbalance or difference found on the ledger then co-ordinate with the team to
resolving the same.

Review the postings, payments, and revenue reports on a daily basis.

 Review the Accounts Receivable (A/R) Ageing reports on a daily basis.

Follow up 30 days after the initial billing if payment has not been received.

Enters invoices into accounts payable system weekly after verifying a purchase
order was received from Supply Chain and obtaining General Manager's approval.

Forecasting cash payments and anticipating challenges arising from limited cash
flow.

Ensuring that cash flows are adequate to allow business units to operate effectively.

Maintain banking relationships and negotiating loans and merchant services for
business units.

Maintains files of all contracts, insurance policies, tax reports, expenses, payroll, etc.

Maintaining and transferring money between bank accounts as required.

Performing numerical analysis of data and formulating conclusions and/or

solutions.

Preparing financial reports and submissions to relevant government entities.

Preparing and presenting financial reports for meetings and investors.

Working with executives and business heads to prepare budgets and track profit /
loss performance by business unit.

Providing direction and training to operational team in areas related to finance,

financial reports, internal controls, labour management, payroll, etc.

Effectively manage the accounting team through respectful communication, clear

expectations, relevant training, productive coaching, regular meetings, and
appropriate performance management.

Recommend and maintain a system of policies and procedures that impose an

adequate level of control over Finance Department activities.

Requirements
Proven experience as a Financial Manager
 Experience in the financial sector with previous possible roles such as financial
analyst

Extensive understanding of financial trends both within the company and general
market patterns

Proficient user of finance software

Strong interpersonal, communication and presentation skills

Able to manage, guide and lead employees to ensure appropriate financial processes
are being used

A solid understanding of financial statistics and accounting principles

Working knowledge of all statutory legislation and regulations

BS/MA degree in Finance, Accounting or Economics

Professional qualification such as CFA/CPA or similar will be considered a plus

Analytical skills. Financial managers increasingly are assisting executives in making decisions
that affect their organization, a task for which these managers need analytical ability.

Communication skills. Excellent communication skills are essential because financial managers
must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income
statements, financial managers must pay attention to detail.

Organizational skills. Financial managers deal with a range of information and documents and
so must stay organized to do their jobs effectively.