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.
