Roles & Responsibilities
- Overseeing Accounting and Financial Reporting Activities: Overseeing all accounting and financial reporting activities. This includes managing the general ledger, accounts payable and receivable, cash management, payroll, and tax compliance.
- Developing and Implementing Financial Policies and Procedures: Developing and implementing financial policies, procedures, and internal controls. These policies and procedures ensure the accuracy and completeness of financial records.
- Preparing and Presenting Financial Statements and Reports: Preparing and presenting financial statements and reports. These may include monthly, quarterly, and annual financial statements and analysis.
- Collaborating with the Executive Team: Collaborate with the executive team to develop and implement financial strategies to achieve company goals and objectives. This may involve analyzing financial data, identifying trends and patterns, and making recommendations for improvement.
- Analyzing Financial Data: Analyze financial data to identify trends, patterns, and opportunities for improvement. This information is then used to develop financial strategies and make informed business decisions.
- Ensuring Compliance with Regulations: Ensure compliance with all local, state, and federal regulations, including tax laws and reporting requirements. This involves staying up to date on changes in regulations and ensuring that the organization is in compliance with them.
- Managing and Mentoring the Finance and Accounting Team: Mentor the finance and accounting team. This includes overseeing their work, providing guidance and support, and ensuring the successful completion of all financial and accounting activities.
- Preparing and Managing the Annual Budgeting Process: Prepare and manage the annual budgeting process. This involves working closely with department heads to develop and implement financial plans and projections. The finance manager would also analyze financial data, forecast future financial performance, and make recommendations for budget adjustments.