General Manager Finance & Accounts Job Description Template
The General Manager Finance & Accounts is responsible for managing the financial actions of the company. This role requires overseeing the finance department, developing financial strategies, preparing detailed financial reports, and ensuring the organization's financial practices are in compliance with statutory regulations and legislation.
Responsibilities
- Oversee all accounting operations including Billing, A/R, A/P, GL, Cost Accounting, and Revenue Recognition
- Develop and manage annual and multi-year budgets that are adequate for the organization's needs including preparation of periodic budget forecasts
- Perform financial analysis and reporting to management as needed
- Ensure adherence to financial legal requirements, policies, and procedures
- Supervise and manage financial department staff, including accountants and financial assistants
- Review and ensure application of appropriate internal controls and financial procedures
- Coordinate and direct the preparation of the budget and financial forecasts and report variances
- Prepare and publish timely monthly financial statements
- Coordinate the preparation of regulatory reporting
- Research technical accounting issues for compliance
- Support month-end and year-end close process
Qualifications
- Bachelor's degree in Accounting, Finance, Business Administration, or related field
- Advanced degree (MBA, MSc, etc.) or professional certification (CPA, CA, CMA) preferred
- Minimum of 10 years of progressively responsible financial management experience
- Strong knowledge of corporate financial and accounting principles, laws, and best practices
- Experience in strategic planning and execution
- Excellent leadership and organizational skills
- Strong analytical and decision-making abilities
- Excellent verbal and written communication skills
Skills
- Financial analysis
- Budgeting and forecasting
- Financial reporting
- Accounting principles
- Strategic planning
- Regulatory compliance
- Leadership
- ERP systems
- Excel
- Financial software (e.g., QuickBooks, SAP)
Frequently Asked Questions
A General Manager of Finance & Accounts oversees an organization's financial operations, manages budgeting, reporting, and auditing processes. They ensure financial policies are adhered to, analyze financial data to improve profitability, and coordinate with other departments to align financial strategies with business goals.
To become a General Manager of Finance & Accounts, one typically requires a bachelor's degree in finance, accounting, or related fields. Several years of experience in financial management positions and professional certifications like CPA or CFA are highly beneficial. Advanced skills in financial analysis and leadership are also crucial.
The average salary for a General Manager of Finance & Accounts varies based on the industry, location, and size of the organization. However, individuals in this role can expect a competitive salary that reflects their extensive experience and responsibility, often accompanied by performance incentives and bonuses.
For a General Manager of Finance & Accounts, a degree in finance, accounting, business administration, or related field is essential. Professional qualifications or certifications such as CFA, CPA, or ACCA are often required. Significant experience in financial management roles is also crucial for this position.
Key skills for a General Manager of Finance & Accounts include exceptional analytical and leadership abilities, strategic planning, and proficiency in financial software. Responsibilities involve managing financial policies, optimizing financial operations, ensuring compliance, analyzing financial performance, and guiding the finance team effectively.