Manager - Accounts

Designation: Accounting Manager

Objective of Role: To manage, direct and develop the accounting department.

Financial Reporting:

- Prepare and review financial statements, including balance sheets, profit and loss statements, and cash flow statements.

- Ensure monthly, quarterly, and annual reports are accurate and delivered on time.

- Analyze financial reports and provide insights and recommendations to senior management.

Accounts Payable & Receivable:

- Oversee the accounts payable and accounts receivable functions to ensure timely and accurate processing of invoices, payments, and collections.

- Implement and maintain processes to manage cash flow effectively and optimize working capital.

- Resolve any discrepancies or issues related to accounts payable and receivable.

Budgeting & Forecasting:

- Assist in the preparation and monitoring of budgets and financial forecasts.

- Provide financial analysis and insights to support budgeting and financial planning processes.

- Track and report on budget variances and suggest corrective actions as needed.

Process Improvement:

- Identify and implement process improvements to enhance efficiency and accuracy within the accounting department.

- Streamline financial procedures and systems to reduce errors and increase productivity.

- Stay updated with industry best practices and technological advancements.

Financial Analysis:

- Perform financial analysis to support decision-making, including variance analysis, trend analysis, and cost analysis.

- Prepare detailed financial reports and presentations for senior management and other stakeholders.

- Monitor financial performance metrics and recommend improvements.

Stakeholder Communication:

- Communicate effectively with internal departments and external partners regarding financial matters.

- Address and resolve financial queries and issues raised by other departments or external parties.

- Provide support and financial advice to various departments as needed.

Risk Management:

- Identify potential financial risks and develop strategies to mitigate them.

- Monitor financial transactions and reports to detect and address any irregularities or issues.

Team Management:

- Supervise and mentor a team of accountants, accounts payable, and accounts receivable staff.

- Conduct performance reviews, provide training and development opportunities, and address any personnel issues.

- Delegate tasks and ensure the timely completion of accounting processes and reports.

Skills:

- Knowledge of accounting standards

- Tax risks & documentation

- Cash & working capital Management

- Software skills: quick books, A2000, excel

- Communication skills: Written & Oral

Competencies:

Competency Segment Personal:

- Assertiveness

- Problem solving

- Managing stress & work life balance

- Interpersonal Communication

Competency Segment Business:

- Business process improvement

- Knowledge management

- Analytical Thinking

Competency Segment Leadership:

- Conflict & negotiation

- Developing people

- Managing team collaboration & delegation

Experience: 6 to 10 years

Education: A masters degree in accounts/CMA would be an added advantage.