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Bermuda Motors Limited

Chief Financial Controller

Bermuda Motors Limited

  • International / Nassau / Canaries
  • 100000 - or more
  • Permanent full-time
  • Updated 12/09/2023
  • HR
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Bermuda Motors Limited is seeking a Chief Financial Controller to lead the finance team and accounting functions.

Duties and Responsibilities include:  

  • Working closly with the Management Team and staff   
  • Maintain an accounting system which is capable of controlling all activities undertaken by the company(s) to the satisfaction of the prinipals and within the regulations of the Government of Bermuda.
  • Responsible for the preparation of monthly management accounts indicating profit and loss, expenses and balance sheet information as well as presentation of those accounts to the Centcal Executive Committee on a monthly basis
  • Ensure that the CEO, Managing Director and Department Managers receive copies of monthly accounts and meet following the completion of monthly accounts to compare department performance against agreed budgets.
  • Oversee the accounts payable and accounts receivable ledgers to ensure monthly statements are dispatched to credit customers and that delayed payments are followed up on
  • Control accounts payable to maximize cash flow potential and ensure payments to Government agencies are made accurately according to Government schedules and tariffs as well as on a timely basis.
  • Supervise stock control ledgers to ensure they represent an accurate value within the company's accounts.
  • On a monthly basis ensure there is a complete a reconciliation of BML bank accounts so that company accounts reflect accurate cash balances.
  • Responsible for controlling indirect expenses of the company to ensure they do not exceed budget levels without prior approval.
  • Ensure that all parts, vehicle and bike costings are accurate and mantained on an ongoing basis.
  • Prepare budgets annually and submit to the CEC for approval prior to the beginning of the financial year.
  • At the end of each year prepare for and oversee a complete company  inventory check.
  • At the end of each financial year prepare accounts and schedules in readiness for auditor's approval and present final accounts to the CEC.

Ref: Chief Financial Controller
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Bermuda Motors Limited

Bermuda Motors Limited