DIRECTOR OF FINANCE

Responsible for accurate and timely financial reporting including internal controls.

1. Oversees general accounting functions and financial reporting
2. ensuring that policies and procedures (internal controls) are in place to provide reasonable assurance that the company assets are protected.
3. Manage credit risk
4. Manage Payables.
5. Coordinates and oversees activities relative to internal controls documentation.
6. Learn accounting and internal software to execute tasks effectively and efficiently.
7. Provides technical accounting guidance and support to management
8. Prepares and circulates the domestic/regional Financial Statements, within agreed deadline (5-7 days) ensuring that the financial records are maintained in compliance with company policies,
9. Reviews monthly/quarterly account reconciliations for accuracy.
10. Prepare all supplementary and ad hoc financial Analysis and reporting.
11. Assist with presentations for Board meetings.
12. Ensure that quarterly and annual Corporate Taxes,  statutory returns are filed within time stipulated.
13. Coordinates work relating to both internal and external audits of the company’s financial records, ensuring documentations and financial reports are accessible including financial statements, property acquisition/sales, Inventory, payroll, and statutory payments.
14. Implement agreed upon recommendations resulting from the audit findings, within scope of responsibility.
15.  Meet with local financiers/banks re Treasury and Risk re loan service, debt management.
16. Meet with insurers to review annual insurance coverage for the Company.
17.  Ensures that the information system continues to operate as required. Work with the IT Manager to validate/design suggested changes to ensure accounting requirements are being achieved.
18. Ensures that the accounting department is equipped with qualified team members capable of meeting the objectives and responsibilities, noted above. Conduct annual performance reviews, participate in selection and termination as well as actioning training/disciplinary measures.
19. Consult with the Inventory Manager to ensure that appropriate monitoring of company’s assets and controls are maintained. Establish procedures for custody and control of  fixed assets, records, loan collateral, and securities, to ensure safekeeping and proper record management.
20. Manage:

• Capital Forecasting.
• Payroll operations.
• Warehousing and Inventory control systems.
• Annual budgets and report variance (monthly).
• Bank loans for timely monthly deductions of interest and other payments.
• Safe keep and reconcile pre-signed Company cheques.
• Analysis of information to assess the current and future financial status of business.

1. Monitor the  monthly financial performance by measuring and analyzing operational, sales, results; initiating corrective actions; minimizing the impact of variances. Provide monthly analytical management reports accompanying financial statements.
2. Assists with planning organization growth  by analyzing operational activities, identifying opportunities for improvement, cost reduction, and systems enhancement.