Finance Manager at Priority Activator Consulting

Overview

Our client is seeking a highly skilled and experienced Finance Manager to oversee all financial operations. The ideal candidate will be a strategic thinker with a strong financial acumen, capable of driving financial performance and ensuring compliance with accounting standards and regulations.

Key Responsibilities

Financial Planning and Analysis:

• Develop and implement comprehensive financial plans, budgets, and forecasts.
• Conduct in-depth financial analysis to identify trends, risks, and opportunities.
• Prepare accurate and timely financial reports, including monthly, quarterly, and annual financial statements.
• Monitor key performance indicators (KPIs) and provide insightful analysis to support decision-making.

Financial Control and Risk Management:

• Establish and maintain robust internal controls to safeguard assets and ensure operational efficiency.
• Implement effective risk management strategies to mitigate financial risks.
• Oversee the accounts receivable and accounts payable functions ensuring reports are prepared and presented by the 10th of each month for review by management.
• Manage cash flow and prepare cashflow projections daily, weekly, monthly, and quarterly to optimize working capital.

Accounting and Reporting:

• Ensure accurate and timely recording of financial transactions in SAP including timely journal entries authorized and passed.
• Oversee the filing and payment of tax returns, including corporate, sales, and payroll taxes.
• Coordinate with external auditors to ensure compliance with accounting standards.

Team Management:

• Lead and mentor a team of finance professionals.
• Recruit, hire, and develop talented finance staff.
• Foster a positive and collaborative work environment.

Cost and Inventory Management:

• Oversee the financial aspects of manufacturing and projects, including cost control, revenue recognition, and invoicing.
• Monitor product and project performance by reviewing costing reports to identify and resolve potential issues, advise management on project and product profitability and lead times, project stage profitability and credit risk.
• Oversee the inventory movement and reporting ensuring proper accountability, variance analysis and resolving.
• Identify slow moving and dead stocks and ensure proper actions are taken to liquidate/ impair the same.

Strategic Planning:

• Collaborate with senior management to develop and implement strategic financial initiatives.
• Provide financial insights to support business decisions and growth strategies.
• Perform investment feasibility studies for expansion and growth.

SAP Proficiency:

• Leverage SAP to optimize financial processes and generate accurate reports.
• Ensure seamless integration of financial data across various systems.
• Ensure data is accurately captured and entered in SAP.
• User and user authorizations management to mitigate risks.
• Monitor and enforce SAP process flow to ensure accurate date entry and controls are maintained.

Audits and Compliance:

• Oversee the annual and statutory audits, ensuring compliance with relevant regulations.
• Prepare and present financial statements to the board of directors, providing clear explanations and insights.
• Conduct regular internal audits to ensure process and tax compliance both in SAP as well as internal controls.

Qualifications and Skills

• Bachelor’s degree in accounting, Finance, or a related field.
• Certified Public Accountant (CPA), ACCA or equivalent certification preferred.
• Minimum of 10 years of experience in financial management, preferably in manufacturing and construction industries.
• Strong understanding of accounting principles, tax laws, and financial regulations.
• Advanced proficiency in financial software i.e. SAP, Microsoft Excel, Teams.
• Excellent analytical and problem-solving skills.
• Strong leadership and team management abilities.
• Effective communication and interpersonal skills.
• Attention to detail and accuracy.