Key Responsibilities:
1. Financial Reporting and Analysis
- Supervise the preparation of monthly, quarterly, and annual financial statements in accordance with local and international accounting standards (e.g., IFRS, GAAP).
- Ensure the accuracy and completeness of financial reports, including profit and loss, balance sheets, and cash flow statements.
- Perform financial analysis and provide insights to management for decision-making purposes, including trend analysis, budgeting, and forecasting.
- Monitor key financial performance indicators (KPIs) and report any deviations from financial targets to senior management.
2. Accounting and Bookkeeping
- Oversee the daily operations of the accounting department, ensuring accurate and timely recording of all financial transactions.
- Supervise accounts payable (AP) and accounts receivable (AR) functions, ensuring timely invoicing, payment processing, and collections.
- Ensure that all accounting entries are properly documented and comply with internal controls and accounting policies.
- Maintain accurate records of fixed assets, accruals, prepayments, and other balance sheet items.
3. Tax Compliance and Reporting
- Supervise the preparation and filing of tax returns, ensuring compliance with all local and international tax laws (corporate income tax, VAT, withholding tax, etc.).
- Ensure timely and accurate tax reporting, including monthly, quarterly, and annual filings.
- Stay updated on changes in tax regulations and assess their impact on the organization, advising management on necessary adjustments or strategic tax planning.
- Coordinate with external auditors and tax authorities for audits, tax filings, and disputes.
4. Budgeting and Financial Planning
- Lead the preparation of annual budgets in collaboration with other departments, ensuring alignment with corporate goals and financial targets.
- Monitor budget performance and analyze variances, providing explanations and corrective actions where necessary.
- Provide management with financial forecasts and actionable insights on the financial health of the company.
5. Internal Controls and Compliance
- Implement and enforce strong internal controls to safeguard the company's assets and ensure the accuracy and reliability of financial information.
- Ensure compliance with local and international accounting standards, corporate policies, and legal regulations.
- Perform periodic reviews and audits of financial processes and accounts to ensure adherence to internal controls and identify any areas for improvement.
6. Supervision and Team Management
- Supervise and mentor a team of accountants and finance staff, providing guidance, training, and performance evaluations.
- Ensure the team meets deadlines for monthly closings, financial reporting, and tax filings.
- Foster a collaborative and efficient working environment within the finance and accounting department.
7. Cash Flow and Treasury Management
- Oversee cash flow management, ensuring that the company has sufficient liquidity for operations and strategic investments.
- Supervise banking transactions, credit facilities, and working capital management.
- Monitor cash inflows and outflows, ensuring proper cash management policies are adhered to.
8. Audit Coordination and External Relations
- Coordinate with external auditors during annual audits, ensuring timely and accurate preparation of audit documents and schedules.
- Address any audit findings or recommendations, ensuring corrective actions are taken promptly.
- Serve as the primary point of contact for external parties such as auditors, tax consultants, and financial institutions.
9. Financial Systems and Process Improvement
- Evaluate and recommend improvements to financial systems, processes, and reporting procedures.
- Lead or participate in system implementation or upgrades (e.g., ERP systems).
- Ensure continuous improvement of accounting processes to increase efficiency and accuracy.
- Education: Bachelor's degree in Accounting, Finance, or a related field. A professional certification (e.g., CPA, ACCA) is preferred.
- Experience: Minimum of 5-7 years of experience in finance, accounting, and tax, with at least 2-3 years in a supervisory role.