Job Summary:
The Finance Executive will assist in managing the company's financial operations, with a focus on cost control, budgeting, and financial reporting. The role requires a strong understanding of financial principles, particularly in a manufacturing environment, where cost management and financial planning are critical. The Finance Executive will work closely with the Finance Manager and other departments to ensure financial processes run efficiently.
Key Responsibilities:
- Financial Reporting:
- Prepare timely and accurate financial statements
- Assist in month-end and year-end closing processes.
- Generate reports for senior management, including variance analysis and budget vs actual comparisons.
- Cost Accounting & Control:
- Monitor and analyze manufacturing costs, overheads, and material pricing.
- Perform cost variance analysis and recommend cost-saving initiatives.
- Ensure accuracy in cost accounting processes, including raw material and labor costs.
- Cash Flow Management:
- Monitor and manage the company's cash flow to ensure sufficient liquidity for operations.
- Prepare cash flow forecasts and manage relationships with banks and financial institutions.
- Assist in the Account Receivable process.
- Compliance & Internal Controls:
- Ensure compliance with financial regulations, standards, and company policies.
- Lead the audit process, both internal and external, and implement audit recommendations.
- Support in managing tax audits and queries.
- Ensure statutory financial reporting is completed in a timely manner.
- Process Improvement:
- Identify opportunities to improve financial processes, reduce costs, and increase efficiency.
- Support the implementation of financial software and systems for better reporting and analysis.
Qualifications & Requirements:
- Education: Bachelor's degree in Finance, Accounting, or a related field.
- Experience: Minimum 3-4 years of experience in a finance or accounting role, preferably in the manufacturing sector.
- Technical Skills:
- Proficiency in financial software
- Strong Excel skills and the ability to analyze large datasets.
- Familiarity with cost accounting principles in manufacturing.
- Soft Skills:
- Strong analytical and problem-solving skills.
- Attention to detail and high level of accuracy.
- Ability to work under pressure and meet deadlines.
- Good communication and teamwork skills.
