Job Summary:

The Head of Finance will be responsible for financial reporting, budgeting, forecasting, cash flow management, and financial analysis. He/She will also manage the audit & tax process, ensure financial compliance, and support other departments in achieving business objectives.

Key Responsibilities:

Financial Planning and Analysis:

Develop and manage the company’s financial plans, financial model, budgets, and forecasts.
Monitor and report to senior management on key financial metrics, including revenue, expenses, and profitability.

Accounting Management:

Oversee the preparation and maintenance of accurate financial records and reports.
Ensure compliance with accounting standards, IFRS and regulations.
Manage Accounts payable and receivable processes, Fixed Assets, General Ledger, Bank Reconciliation, Period Close, including invoice processing and collections in the ERP software.
Approval of PO, Vendors, Customers, Invoices in the ERP

Financial Reporting:

Prepare and present monthly, quarterly, and annual financial statements and reports.
Conduct variance analysis and provide explanations for discrepancies.

Cash Flow Management:

Monitor and manage cash flow to ensure adequate liquidity for operational needs.
Develop and implement cash management strategies to optimize cash reserves.

Internal Controls:

Establish and maintain effective internal controls to safeguard company assets and ensure accuracy in financial reporting.
Conduct regular reviews and audits of financial processes and systems.

Compliance and Risk Management:

Ensure compliance with relevant laws, regulations, and company policies.
Identify and manage financial risks and implement appropriate risk mitigation strategies.
Lead the management and administration of VAT, Corporate Tax, WHT ensuring that reporting and filing are done timely and accurately.
Lead the preparation of the annual Audit File and coordinate with external auditors to finalize Audited accounts for the Annual General Meeting.

External & Internal Stakeholder management

Develop and maintain strong relationships with banks, auditors’ vendors, and customers.
Coordinate with the Audit Committee and Board of Directors for financial and operational reporting.
Share relevant financial information with other organizational support functions.

Team Management:

Supervise and mentor accounting and finance staff, including hiring, training, and performance evaluations.
Foster a collaborative and productive work environment.

Qualifications & Experience:

Bachelor’s degree in accounting, Finance, or a related field; CA, ACCA, CPA, CFA certification preferred.
Minimum of 8-10 years of experience in accounting and finance, with at least 3-5 years in a managerial role.
Experience in Real Estate Industry, Construction & Project Management will be beneficial.
Strong knowledge of accounting principles, financial analysis, and reporting.
Proficiency in accounting software (e.g. SAP, Oracle, Yardi, Tally) and Microsoft Office Suite (Excel, Word, PowerPoint).
Excellent analytical, organizational, and critical thinking skills.
Strong leadership and team management abilities.
Effective communication and people skills, with the ability to present financial information.

Silal - Fruit & Vegetable Central Market

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Head of Finance