Position Title: Financial Controller
Function: Finance
Reporting to: Chief Financial Officer
Summary :
The primary purpose of this position is to manage and direct daily accounting activities; ensuring that proper accounting and recording of company transactions are performed in an accurate and timely manner; and producing financial and other key reports for management. The incumbent Financial Controller will also be in a position to be considered for the CFO position in the future.
KEY RESPONSIBILITIES -
Lead the Accounting/financial functions
- Responsible for the preparation of the company's financial statements.
- Supervise the activities of all the accounting staff [A/P, A/R].
- Oversees month-end closing and year-end closing and coordinates and assigns duties to the accounting staff as needed.
- Evaluates departmental performance and makes adjustments to daily operations when needed to ensure the department meets overall goals and objectives.
- Provides training, guidance, and direction to employees to ensure work is performed in an efficient, timely, and knowledgeable manner.
- Update contracts with the company's members and communicates changes to members accounting staff.
- Works directly with Sales Department and Operations Department on new, modified, and disconnect sales orders.
- Prepares and provides financial statements, sales reports, commission reports, analysis, and other reports on a scheduled or unprompted basis.
- Maintains and reconciles the fixed assets to the general ledger of the company.
- Prepare multiple state agency reports for tax purposes.
- Confers with upper management about budgeting and reviewing strategies to meet overall goals and objectives.
- Maintains good corporate relations with customers, vendors, banking institutions, auditors and other affiliates.
- Works closely with financial institutions concerning banking activity changes, enhancements and charges.
- Works on special projects as needed.
- Responsible for general liability insurance renewals and amendments.
Treasury Function
- Responsible for long and short term cash flow and working capital/liquidity management
- Managing balance sheet and day-to-day liquidity to support the business needs
- Design and implementation of hedging strategies to mitigate financial risk and liquidity management
- Investment of short term cash surplus in money market instruments, making recommendations to CFO.
- Preparation of Board level cash and other risk management reporting
- Managing day-to-day cash and treasury activities in line with the Delegation of Authority
- Management of treasury team in their day-to-day responsibilities including bank reconciliations, payment runs, invoice settlement, direct debits, cash collection etc.
- Ensure regulatory/compliance returns and complete
Tax Function
- Responsible to legally minimise tax liabilities through informed application of tax laws and regulations
- Manage tax compliance, reporting, and filing works for the Company.
- Ensure timely and accurate filing of all corporate and personnel income tax and GST returns
- Establish appropriate system or processes for tax risk management for the Company
- Liaise with tax department
- Manage external tax authorities and consultants.
- Review current and deferred tax provision
- Provide internal tax advisory services and support on business operation matters to the Company
Knowledge, Skills, and Abilities -
- Knowledge of Generally Accepted Accounting Principles
- Knowledge of computer based spread sheets and reporting
- Knowledge of general office practices and procedures
- Skill in public speaking
- Skill in written communications
- Must have managerial skills and be able to function in a supervisory role
- Must be able to prioritize work to meet scheduled deadlines while handling multiple tasks
- Must have excellent accounting skills, strong organization and communication skills
- Ability to function as a team player
- Ability to function in a leadership role
- Ability to work with scheduled deadlines
Education and Experience:
- CA is required
- 5 - 6 years financial closing experience (month-end and year-end) required
- Minimum ten years of progressive accounting experience
- Minimum three years supervisory experience is required
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