a. Manage and control processes in relation to financial matters including but not limited to budget, liabilities, company assets, and capital account.
b. Oversee the day-to-day operations of Accounts Receivable and Accounts Payable departments, inventory accounting, ensuring accuracy and efficiency in invoice processing, collections, payments, and reconciliations.
c. Forecast and ensure sufficient cash flow for the ongoing operation.
d. Verify financial requests for accuracy, legitimacy, and adherence to company policies before submission to management for approval.
e. Oversee the issuance and handling of cheques, ensuring accuracy, proper authorization, and adherence to company policies. Review cheque requisitions, verify supporting documentation, and seek authorization for cheque disbursements in accordance with established procedures.
f. Manage and oversee the petty cash funds, including disbursements, reimbursements, and reconciliations. Maintain accurate records of transactions and conduct periodic audits to ensure proper usage and accountability.
g. Make recommendation for any possible process and procedure improvement to management. This should include the identification of opportunities for process enhancements and implement best practices to streamline AR and AP procedures, enhancing accuracy and efficiency.
h. Analyze financial data, including trends, costs, revenues, and expenses. Provide insights and recommendations to improve financial performance and operational efficiency.
i. Coordinate with company’s external accounting firm to ensure timely monthly and yearly financial reports closing, including balance sheet, company profit / loss to management as required.
j. Supervise team members for all accounting matters and issues as required.
k. Provide guidance, support, and training to AR and AP team members. Foster a collaborative and positive work environment.
l. Ensure all financial operations strictly adhere to accounting standards and comply with the latest tax legislation, laws and local financial legal requirements and advise the required action to management. Implement necessary measures to maintain compliance and mitigate financial risks.
m. Ensure audit compliance for all documentation and processes. All financial operations must strictly adhere to accounting standards, regulatory requirements, and tax laws. Implement necessary measures to maintain compliance and mitigate financial risks.
n. Analyze financial data, including trends, costs, revenues, and expenses. Provide insights and recommendations to improve financial performance and operational efficiency.
o. Maintain accurate and organized financial records, including invoices, receipts, and other relevant documentation. Ensure records are easily accessible for audits or internal reviews.
p. Work together with the other teams to ensure all processes run as smooth as possible