Assist in the process of developing and reviewing budgets
Provide accurate cash-flow projections to the Finance Sub Committee.
Provide monthly budget reports to the Vice Chairman & Managing Director and working closely with him to enable him to make accurate decisions.
Work on the development of the Annual Budget.
Costing- Evaluation, Monitoring & Control
B. Annual Accounts
Lead on any recommendations that are suggested in the audit report.
Act as the first point of contact for the auditors, and communicate with them to ensure all questions can be answered efficiently.
Prepare the draft Annual Statutory Accounts.
Production of a statutory based set of management accounts, including balance sheet, on a monthly basis financial reviews and analysis
Responsible for the finalization of yearly balance sheet as per the Calendar year and as per the fiscal year.
Mange the fixed assets register of the organization
C. Management Support
Indirect Income Generation
Ensure timely payment of debtors and invoicing of creditors.
Administer the bank accounts
Undertake other duties as delegated by Vice Chairman & MD
Provide the updated financial information to the VC &MD as and when required.
Act as a support function to the Vice Chairman & MD and the Board
Assisting the Management in the Strategic decision and Policy formations
Assisting the Management in Mergers/ Acquisitions/ buy-make decisions
D. Financial procedures
Develop and maintain thorough financial procedures for the organization
Ensure all finance records are kept accurately and securely and in line with Statutory requirements
Ensure financial policies are being adhered to as set out in the COMPANY financial guidelines.
Develop Chart of Accounts
Ensure Finance Department and organization as a whole are kept abreast of any significant implications arising from changes in accounting rules
E. Corporate Responsibilities
Attend supervision, team meetings, training and other meetings as required.
Maintain effective working relationships with companys external partners.
Work towards the achievement of companys Annual Business Plans.
Work on Special projects as and when required.
Make recommendations on how the organization should adopt best practice in terms of Financial Reporting
Liaison with the Bankers, Auditors, Government department and others
Liaison with Group Companies & Parent Company
Build Effective Finance/ Accounts team & make effective second line