Chief Financial Controller

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.