- Purpose: Protect and grow company funds while ensuring legal compliance.
- Reports to: Director, Chief Financial Officer (CFO), or executive leadership.
- Work setting: Full-time office.
Key Responsibilities
- Budgeting: Create annual budgets and monitor ongoing expenses.
- Forecasting: Predict future earnings and cash flow needs.
· Compliance: Follow tax laws, accounting standards, and local regulations.: Ensure adherence to tax laws, regulatory standards, and financial policies.
· Financial Strategy: Build long-term financial plans, manage capital structure, and guide investment decisions.
· Cash Flow and Risk: Monitor cash flow, manage liquidity, and evaluate financial risks.
· Reporting and Budgets: Oversee accounting, financial forecasting, and accurate reporting for stakeholders. Prepare profit and loss statements, balance sheets, and financial summaries.
· · Team Leadership:
Direct and mentor finance and accounting departments Supervise accountants, analysts, and junior finance staff
Cost Accounting : · Fixed Costs: Expenses that do not change with production levels (e.g., rent, salaries).
· Variable Costs: Expenses that fluctuate directly with output volume (e.g., raw materials).
· Direct Costs: Costs easily traced to a specific product (e.g., wood for a chair).