Manager - Finance & Accounts Job Description Template
The Manager - Finance & Accounts will lead and manage the finance and accounting department, ensure accurate financial reporting, and provide strategic financial insights to enhance business performance. The role entails developing financial policies, managing budgets, overseeing audits, and ensuring compliance with financial standards and regulations.
Responsibilities
- Manage and oversee daily operations of the finance and accounts department.
- Prepare and present accurate financial statements and reports.
- Coordinate and lead the annual audit process.
- Develop and implement financial policies, procedures, and systems.
- Monitor and analyze accounting data to produce financial forecasts.
- Ensure compliance with financial regulations and standards.
- Manage budgeting and forecasting processes.
- Provide strategic financial advice and insights to senior management.
- Oversee accounts payable and receivable processes.
- Supervise and mentor finance and accounting staff.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- Professional certification (e.g., CPA, CMA) is preferred.
- Minimum of 5 years of experience in finance and accounting roles.
- Proven experience in financial management and reporting.
- Strong knowledge of accounting principles and financial regulations.
- Excellent analytical and problem-solving skills.
- Proficiency in financial management software and MS Office.
- Strong leadership and team management skills.
- Excellent communication and interpersonal skills.
- High level of integrity and attention to detail.
Skills
- Financial Analysis
- Accounting
- Budgeting
- Financial Reporting
- Regulatory Compliance
- Audit Management
- Financial Forecasting
- Strategic Planning
- Team Leadership
- MS Office Suite
Frequently Asked Questions
A Manager of Finance & Accounts oversees financial reporting, budgeting, and auditing processes within an organization. They ensure accurate financial statements, compliance with tax regulations, and efficient cash flow management. Their role often involves developing financial strategies, managing investor relations, and supervising accounting teams to maintain robust financial health.
To become a Manager of Finance & Accounts, one typically needs a bachelor’s degree in finance, accounting, or a related field. Professional certifications like CPA or CMA are advantageous. Relevant work experience in finance or accounting roles is crucial, along with skills in financial analysis, accounting software, and leadership. Pursuing a master's degree might further enhance career prospects.
The average salary for a Manager of Finance & Accounts can vary based on factors like industry, location, and experience. While salaries differ globally, they generally reflect the high level of responsibility undertaken. The role is well-compensated due to the complexity of tasks such as financial planning, risk management, and regulatory compliance involved.
Qualifications for a Manager of Finance & Accounts typically include a degree in finance or accounting. Advanced certifications such as CPA, CMA, or ACCA are often preferred. Proficiency in accounting principles, financial regulations, and analytical skills is essential, accompanied by experience in financial management or related roles to effectively oversee financial operations.
A Manager of Finance & Accounts must demonstrate expertise in financial analysis, budgeting, and forecasting. Critical responsibilities include ensuring accurate financial reporting, managing audits, and strategizing for financial growth. Strong leadership and communication skills are necessary to guide teams and collaborate with stakeholders. Familiarity with accounting software and regulatory frameworks is also crucial.