Assistant Manager - Accounts and Finance
Job Description
Job Description
The Assistant Manager Accounts & Finance will provide both strategic and operational support by assisting in the supervision of financial activities at the group level. This role will be responsible for supporting financial planning, budgeting, compliance, and reporting while ensuring the accuracy of financial data, adherence to internal controls, and overall financial stability of the organization.
KEY RESPONSIBILITY- Financial Reporting:
- Assist in the preparation of monthly, quarterly, and annual financial statements (Income Statement, Balance Sheet, and Cash Flow).
- Ensure accuracy and completeness of journal entries, account reconciliations, and financial reports.
- Support compliance with accounting standards (IFRS, GAAP, or other relevant local standards).
- Accounting Operations:
- Oversee day-to-day accounting activities, including accounts payable, accounts receivable, payroll, and general ledger functions.
- Support the implementation of internal controls to safeguard company assets and financial data.
- Assist in managing monthly and year-end closing procedures.
- Budgeting & Forecasting:
- Contribute to the preparation of the company's annual budget and periodic financial forecasts.
- Monitor actual performance versus budget and prepare variance analysis.
- Identify and recommend cost-saving opportunities and risk mitigation strategies.
- Compliance & Audit:
- Ensure adherence to tax laws, financial regulations, and internal policies.
- Assist in coordinating with external auditors for statutory audits and ensuring timely completion.
- Monitor compliance with financial policies, procedures, and reporting requirements.
- Financial Analysis:
- Support financial analysis and reporting to aid management in decision-making.
- Assist in profitability analysis and cost control strategies.
- Evaluate financial trends and recommend optimization strategies.
- Cash Flow Management:
- Monitor cash flow to ensure adequate funds for operational requirements.
- Support bank relationship management, cash position tracking, and liquidity management.
- Team Collaboration & Leadership:
- Assist in guiding and mentoring junior finance team members.
- Work closely with cross-functional teams to ensure smooth financial operations and alignment with business goals.
- Ad-hoc Duties & Special Projects:
- Support special financial projects and process improvements as required.
- Stay updated with financial regulations, industry trends, and best practices.
Desired Experience
The desired years of experience for an Assistant Manager Accounts & Finance require 5+ years of experience in accounting and finance, preferably in a retail or corporate environment with Proficiency in accounting software and ERP systems (SAP, Oracle, etc.). Bachelor's degree in accounting, Finance, or a related field (CA, CMA, or MBA in Finance preferred).
KEY RELATIONSHIPS
Accounts & Finance Team, Support Functions, Support Function etc.