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Form of workJob Description
The Financial Controller plays a crucial role in overseeing the financial operations and ensuring the financial health of the organization. They are responsible for managing accounting functions, financial reporting, budgeting, and internal controls. The role requires a strong understanding of financial principles, excellent analytical skills, and the ability to provide strategic guidance to senior management.
Responsibilities:
- Financial Reporting: Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements. Ensure compliance with accounting standards and regulatory requirements.
- Budgeting and Forecasting: Develop annual budgets and forecasts in collaboration with department heads. Monitor performance against budgets and provide variance analysis to identify areas for improvement.
- Financial Analysis: Conduct in-depth analysis of financial data to support decision-making and strategic planning. Provide insights into trends, opportunities, and risks affecting the organization's financial performance.
- Internal Controls: Establish and maintain robust internal controls to safeguard assets, ensure accuracy of financial records, and prevent fraud. Regularly review and update control procedures to mitigate risks.
- Cash Management: Manage cash flow and liquidity to meet operational needs and optimize investment opportunities. Monitor banking activities and maintain relationships with financial institutions.
- Tax Compliance: Coordinate tax planning and compliance activities to minimize tax liabilities while ensuring compliance with tax laws and regulations. Liaise with external tax advisors as necessary.
- Audit Coordination: Serve as the primary contact for external auditors during annual audits and other financial reviews. Prepare audit schedules, provide necessary
- documentation, and address audit inquiries.
- Financial Systems and Processes: Evaluate and enhance financial systems, processes, and policies to streamline operations, improve efficiency, and strengthen internal controls.
- Team Leadership: Lead and mentor the finance team, providing guidance, training, and support to ensure high performance and professional development.
- Strategic Planning: Collaborate with senior management to develop financial strategies and initiatives aligned with organizational goals. Provide recommendations for improving financial performance and operational efficiency.
Requirements:
- Bachelor's degree in accounting, finance, or related field. CPA or CMA certification preferred.
- Thorough knowledge of accounting principles, financial reporting standards, and regulatory requirements.
- Advanced proficiency in financial analysis, budgeting, and forecasting.
- Strong analytical and problem-solving skills, with attention to detail.
- Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels.
- Proficiency in financial software and ERP systems.
- Ability to thrive in a fast-paced environment and manage multiple priorities effectively.
This job description outlines the key responsibilities and requirements for the role of Financial Controller. The ideal candidate will possess a combination of technical expertise, leadership skills, and strategic vision to drive financial excellence and support organizational growth.
