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GM / DGM- Accounts Job Description Template

The GM / DGM- Accounts plays a critical role in the finance department, responsible for leading and managing the accounting team, ensuring compliance with financial regulations, and providing strategic financial oversight. The role requires comprehensive experience in financial management and reporting.

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Responsibilities

  • Oversee and manage the accounting department activities.
  • Ensure accurate and timely financial reporting.
  • Develop and implement financial policies and procedures.
  • Manage budgeting and forecasting processes.
  • Ensure compliance with regulatory requirements.
  • Provide strategic financial guidance to senior management.
  • Coordinate with external auditors and manage audits.
  • Monitor internal controls and risk management.

Qualifications

  • Bachelor's degree in Accounting, Finance, or related field.
  • Certified Public Accountant (CPA) or equivalent qualification preferred.
  • 10+ years of experience in accounting or financial management.
  • Proven experience in a leadership role.
  • In-depth knowledge of financial regulations and standards.
  • Excellent organizational and analytical skills.

Skills

  • Financial Reporting
  • Budgeting and Forecasting
  • Regulatory Compliance
  • Leadership
  • GAAP
  • Internal Controls
  • Risk Management
  • ERP Systems
  • Microsoft Excel

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Frequently Asked Questions

A GM / DGM- Accounts oversees the financial operations of a company, ensuring financial stability and compliance. This role involves managing accounting teams, preparing financial statements, and implementing financial strategies. They play a crucial part in budgeting, forecasting, and financial planning, while ensuring adherence to regulatory and legal standards. Additionally, they provide insights and recommendations to senior management to guide financial decision-making.

To become a GM / DGM- Accounts, one should pursue a degree in finance, accounting, or a related field. Further qualifications like a CPA, CMA, or ACCA can be beneficial. Gaining extensive experience in accounting roles, including managerial positions, is crucial. Strong analytical skills, leadership abilities, and knowledge of financial regulations are essential. Continuous professional development and staying updated with industry trends enhance opportunities for this role.

The average salary for a GM / DGM- Accounts varies based on factors like industry, company size, and location. Typically, this role commands a competitive salary, reflecting the level of responsibility involved. Compensation packages often include benefits such as bonuses, health insurance, and retirement plans. Salary ranges can differ significantly between regions and sectors, with higher earnings in finance-heavy industries or larger corporations.

Qualifications for a GM / DGM- Accounts typically include a bachelor's degree in accounting, finance, or a related field, with many employers preferring or requiring a master's degree. Professional certifications like CPA or CMA are highly regarded. Candidates should possess substantial experience in financial management roles, with a strong grasp of accounting principles, tax regulations, and financial reporting to perform effectively in this position.

Essential skills for a GM / DGM- Accounts include strong leadership, analytical thinking, and complex problem-solving. Responsibilities involve overseeing financial reporting, budgeting, and compliance. They must exhibit excellent communication to lead teams and liaise with stakeholders. Proficiency in financial software and a detailed understanding of industry regulations ensures efficiency and effectiveness in handling financial operations and guiding company strategy.

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