Financial Reporting: Prepare accurate and timely financial statements (income statement, balance sheet, and cash flow statement). Ensure compliance with accounting standards (GAAP or IFRS) and company policies. Prepare monthly, quarterly, and annual financial reports for management.
General Ledger Management: Maintain and reconcile the general ledger (GL) to ensure accuracy. Post journal entries for accruals, adjustments, and other transactions.
Month-End/Year-End Close: Oversee the month-end and year-end closing process. Ensure that all accounts are reconciled and discrepancies are resolved before closing the books. Assist in year-end audits by preparing necessary schedules and reports.
Budgeting and Forecasting: Assist in the preparation of budgets and financial forecasts. Compare actual performance to budgeted numbers and identify variances. Provide analysis and reports on financial performance to help with decision-making.
Tax Compliance: Ensure timely and accurate filing of tax returns . Prepare documentation for tax audits. Stay updated on tax regulations and help with tax planning strategies.
Internal Controls and Auditing: Maintain effective internal controls to safeguard company assets. Ensure compliance with company policies and procedures. Assist with the internal and external audit process by providing required documentation and support.
Cash Flow Management: Monitor cash flow and ensure that funds are available for business operations. Assist in managing working capital by overseeing accounts payable and accounts receivable.
Supervision and Mentorship: Provide guidance and training on accounting procedures and systems. Review the work of staff to ensure accuracy and compliance.
Cost Accounting: Analyze costs related to production, operations, and other business activities. Provide cost variance analysis and assist in pricing decisions.
Financial Analysis and Advisory: Conduct financial analysis to identify trends, risks, and opportunities. Provide strategic advice to senior management on financial matters.
