Finance Manager - Steel

Scope:
To oversee and optimize the company's financial operations, ensuring robust cash flow management, accurate financial reporting, and compliance with IFRS. This role includes preparing and presenting budgets, driving strategic initiatives such as mergers and acquisitions, and implementing effective controls for accounts payable and stock management. The Finance Manager will also lead a diverse team, providing strategic financial insights to guide the company’s growth and enhance overall financial performance.

Key Responsibilities:


Cash Flow Management: Develop and maintain robust procedures for recording and updating cash flow status. Implement efficient credit policies to safeguard company interests and guide the sales team on credit terms.

Accounting Supervision: Oversee critical functions within the accounts department, ensuring compliance with IFRS and company procedures. Maintain accuracy and integrity in financial reporting.
Accounts Payable Control: Implement effective control checks for accounts payables, ensuring timely and compliant payments to avoid disputes and fines.

Budget Preparation: Collaborate with the General Manager to prepare the annual budget and present it to Senior Management, Audit, and Group CFO for review and approval.

Financial Reporting: Prepare comprehensive financial statements and reports that summarize and interpret the company’s current and projected financial position. Present Management Information Systems (MIS) reports to Senior Management.

Cash Flow Forecasting: Ensure adequate cash flow for smooth business operations. Forecast future payments and receivables to secure sufficient funds.

Strategic Contributions: Play a key role in mergers, acquisitions, and business consolidations, providing financial insights and analysis.

Error Review and Correction: Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports. Establish effective systems for collecting and compiling financial transactions.

Stock Audit Supervision: Oversee stock audits, recommend and implement measures to prevent variances, and keep management informed of findings.

Stock Loss Control: Develop best practices to minimize stock loss through need analysis and collaboration with relevant departments. Ensure efficient asset management.

Performance Analysis: Analyze costs, pricing, variable contributions, and sales results. Compare the company’s actual performance to business plans.

Cost Reduction: Provide creative recommendations to reduce costs and enhance financial performance.

Forecasting and Modeling: Conduct business studies on past, future, and comparative performance. Develop and refine forecast models.

Trend Identification: Identify financial trends, advise the company, and recommend actions based on sound analysis.

Financial Analysis: Determine financial status by analyzing actual results compared to forecasts.

Strategic Consultation: Consult with management to guide and influence long-term strategic decision-making.

Process Improvement: Drive process improvement and policy development initiatives that impact financial functions.