Primary Function
- The Financial Manager is responsible for leading the day-to-day financial management of the business, ensuring accurate financial reporting, effective financial controls, regulatory compliance, budgeting, forecasting, and business performance analysis.
- The role serves as a strategic business partner to management by providing financial insight to support operational and commercial decision-making while maintaining sound governance and risk management practices.
Roles and Responsibilities
Financial Management
- Manage the monthly, quarterly, and annual financial reporting processes.
- Prepare and review monthly management accounts.
- Oversee month-end and year-end close procedures.
- Review journals, accruals, prepayments, and general ledger transactions.
- Ensure the integrity of financial records and balance sheet reconciliations.
- Monitor cash flow and working capital requirements.
Budgeting and Forecasting
- Lead the quarterly & annual budgeting process.
- Prepare rolling forecasts and financial projections.
- Monitor departmental expenditure against approved budgets.
- Analyse financial variances and recommend corrective actions.
- Support long-term financial planning.
Financial Analysis
- Provide financial analysis to support strategic and operational decision-making.
- Develop financial models and business cases.
- Monitor revenue, profitability, and cost performance.
- Analyse operational costs and cost recovery models.
- Present financial reports and recommendations to executive management.
- Support commercial initiatives with financial input.
Compliance and Governance
- Ensure compliance with applicable accounting standards, tax legislation, and company policies.
- Oversee VAT calculations and statutory submissions.
- Coordinate annual external audits and resolve audit queries.
- Maintain and improve internal financial controls.
- Assist with risk management and governance initiatives.
Operational Finance
- Oversee customer billing and revenue reconciliations.
- Review supplier payments and financial controls.
- Manage fixed assets and depreciation schedules.
- Monitor capital expenditure.
- Support procurement and contract evaluations from a financial perspective.
Process Improvement
- Identify opportunities to improve financial systems and reporting. Implement process improvements and automation initiatives.
- Enhance reporting accuracy and efficiency.
Team Leadership
- Provide guidance and support to finance team members.
- Allocate and monitor finance workloads.
- Develop and mentor junior finance staff.
- Foster a culture of accountability, accuracy, and continuous improvement