Overview: The Finance Manager plays a critical role in overseeing the financial health and strategy of the organization. They are responsible for managing financial operations, budgeting, forecasting, financial analysis, and reporting. The Finance Manager collaborates with various departments to ensure effective financial planning and decision-making to support the organization's goals and objectives.
Responsibilities:
- Financial Planning and Analysis:
- Develop and maintain financial models to support strategic planning and decision-making.
- Conduct regular financial analysis, including variance analysis, trend analysis, and performance metrics to identify opportunities and risks.
- Prepare and present financial reports to senior management, providing insights and recommendations.
- Budgeting and Forecasting:
- Lead the annual budgeting process, working closely with department heads to develop accurate and achievable budgets.
- Monitor budget performance throughout the year, providing guidance and support to ensure adherence to financial targets.
- Prepare rolling forecasts and financial projections based on market trends and business insights.
- Financial Operations:
- Oversee day-to-day financial operations, including accounts payable, accounts receivable, payroll, and treasury functions.
- Ensure compliance with accounting principles, regulations, and internal policies.
- Implement and maintain effective internal controls to safeguard company assets and mitigate financial risks.
- Cash Flow Management:
- Manage cash flow to ensure adequate liquidity for operational needs and strategic initiatives.
- Optimize cash management processes, including cash forecasting, working capital management, and investment strategies.
- Financial Reporting and Compliance:
- Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
- Coordinate external audits and tax filings, ensuring compliance with regulatory requirements.
- Stay abreast of changes in accounting standards and regulations, implementing necessary updates and changes.
- Stakeholder Management:
- Collaborate with internal stakeholders, including department heads, executives, and cross-functional teams, to align financial goals with business objectives.
- Serve as a financial advisor to senior management, providing insights and recommendations to support strategic decision-making.
- Build and maintain relationships with external stakeholders, including auditors, financial institutions, and regulatory agencies.
- Bachelor's degree in Finance, Accounting, or related field; MBA or advanced degree preferred.
- CPA or CMA certification is highly desirable.
- Proven experience in financial planning and analysis, budgeting, and financial reporting.
- Strong understanding of accounting principles, financial regulations, and compliance standards.
- Advanced proficiency in financial modeling, Excel, and financial software systems.
- Excellent analytical, problem-solving, and decision-making skills.
- Effective communication and interpersonal skills, with the ability to collaborate across departments and influence stakeholders.
- Strong leadership and management capabilities, with experience leading a finance team.
- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
- Experience in oil and gas/maritime industry preferred