Financial Manager

Main Objectives:

• Manage funds to maximize return on investment and minimizing risk
• Ensure the control procedures
• Responsible for the financial analysis, forecasting, budgeting, and cost analysis
• Manage the operational performance

1. Accounting responsibilities

• Oversees the daily accounting activities
• Supervises and reviews the accounting staff work (such as, cash reconciliations, reconciliations, check runs, accounts receivable transactions, accounts payable transactions, debt activity, recording of revenue and expenses).
• Cash management (including placement/ movement of funds in various trusts)
• Reviews general ledger on a monthly basis to ensure the accuracy of post in
• Produces financial reports
• Coordinates monthly, quarterly, and annual closing activities
• Produces quarterly and annual financial statements and financial reports

1. Management

• Create and maintains a documented system of financial and accounting policies and procedures
• Oversees the operations of the treasury

1. Funds Management

• Forecasts cash flow positions, related borrowing needs, and available funds for investment
• Ensures that sufficient funds are available to meet ongoing operational and capital investment requirements
• Uses hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
• Maintains banking relationships
• Assists in determining the company's proper capital structure
• Arranges for equity and debt financing
• Invests funds
• Recommends appropriate dividend issuances, based on historical dividend patterns and expected cash flows

1. Budgeting

• Manages the preparation of the company's budget
• Reports to management on variances from the established budget, and the reasons for those variances
• Assists management in the formulation of its overall strategic direction

1. Financial Analysis

• Engages in ongoing cost reduction analyses in all areas of the company
• Reviews the performance of competitors and report on key issues to management
• Engages in benchmarking studies to establish areas of potential operational improvement
• Interprets the company's financial results to management and recommends improvement activities
• Participates in target costing activities to create competitive pricing models
• Compiles key business metrics and report on them to management
• Manages the capital budgeting process, based on constraint analysis and discounted cash flow analysis
• Creates additional analyses and reports as requested by management