Senior Manager - Finance

Senior Manager - FinanceSenior Finance Manager

A Senior Manager - Financial Reporting, General Ledger, and Audit is a senior-level role within the finance and accounting department, responsible for overseeing the preparation of accurate financial reports, managing the general ledger, and ensuring effective audit processes. The role requires strong technical accounting skills, leadership abilities, and a deep understanding of financial reporting, compliance, and internal controls. Below are the key job responsibilities for this role:

1. Financial Reporting

• Prepare and Review Financial Statements: Oversee the preparation, review, and timely submission of monthly, quarterly, and annual financial statements (balance sheet, income statement, cash flow, and statement of equity) in accordance with IFRS, GAAP, or other relevant accounting standards.

• Consolidation of Financials: Lead the consolidation process for group companies, ensuring that intercompany eliminations and adjustments are accurately reflected in the consolidated financial statements.

• Variance Analysis: Perform in-depth analysis of financial results, identifying variances, trends, and any discrepancies in the financial performance of the company. Provide insights and recommendations to senior management.

• Budgeting & Forecasting Support: Collaborate with other departments to provide support for budgeting and forecasting activities, ensuring that financial projections are aligned with actual performance and strategic goals.

• Financial Reporting Compliance: Ensure compliance with all regulatory and statutory reporting requirements, including tax filings, IFRS/GAAP standards, and industry-specific regulations.

2. General Ledger (GL) Management

• Oversee General Ledger Activities: Supervise all activities related to the general ledger, ensuring that all transactions are accurately recorded and classified in accordance with accounting policies.

• Monthly Close Process: Manage the month-end, quarter-end, and year-end closing processes. Ensure that the financial records are closed on time, and that all journal entries, accruals, and adjustments are properly reviewed and recorded.

• Account Reconciliations: Oversee the reconciliation of balance sheet accounts to ensure that all balances are accurate and supported by appropriate documentation. Investigate and resolve discrepancies.

• Fixed Asset Management: Oversee the recording, tracking, and depreciation of fixed assets, ensuring proper accounting treatment and compliance with policies and regulations.

• Internal Controls and Compliance: Develop and maintain robust internal controls over the general ledger and accounting processes, ensuring adherence to corporate governance and financial compliance standards.

3. Audit Management

• Internal & External Audits: Lead the preparation for and coordination with both internal and external auditors. Ensure that all financial data, reports, and documentation are ready for audit review.

• Audit Planning and Execution: Develop and manage the audit plan, including the scope, timeline, and resource allocation for internal audits. Ensure effective communication with auditors during the process.

• Audit Findings and Corrective Actions: Address any audit findings or discrepancies and develop action plans to rectify issues. Ensure the implementation of corrective actions to prevent future issues.

• Risk Management: Identify key financial reporting and audit risks, implement strategies to mitigate those risks, and ensure the organization remains compliant with applicable regulations and standards.

• Ensure Sarbanes-Oxley (SOX) Compliance: If applicable, ensure compliance with Sarbanes-Oxley (SOX) or similar frameworks by managing the company's internal control environment, including the design, execution, and monitoring of control procedures.

4. Regulatory Compliance and Governance

• Stay Current with Financial Regulations: Continuously monitor changes in accounting standards, tax laws, and financial regulations (e.g., IFRS, GAAP, tax reforms) and ensure the company remains compliant.

• Internal Controls Framework: Design, implement, and maintain a robust internal controls framework to ensure financial integrity and reduce risks of fraud or misstatements.

• SOX or Compliance Audits: Coordinate the preparation for SOX (or equivalent) compliance audits, ensuring that necessary documentation, procedures, and controls are in place.

• Compliance with External Reporting Requirements: Ensure adherence to reporting requirements for regulatory bodies, such as the SEC (if public), tax authorities, and other government agencies.

7. Process Improvement and System Optimization

• Financial Systems Management: Ensure the effective use of financial reporting systems (e.g., SAP, Oracle, or other ERP systems) for data accuracy and reporting efficiency.

• Implement Automation: Advocate for and lead automation initiatives in financial reporting and reconciliation processes to improve accuracy, reduce processing time, and eliminate manual interventions.

• Standard Operating Procedures (SOPs): Develop and update SOPs for financial reporting, GL maintenance, and audit processes to ensure consistency, transparency, and efficiency.

Skills and Qualifications:

• Accounting Knowledge: In-depth understanding of financial accounting, auditing, and financial reporting standards (e.g., IFRS, GAAP).

• Leadership and Management Skills: Ability to lead and motivate a team, provide clear guidance, and promote a collaborative work environment.

• Analytical Skills: Strong ability to analyze complex financial data, identify trends, and make strategic recommendations based on findings.

• Attention to Detail: High level of accuracy and attention to detail in financial reporting, reconciliations, and audit processes.

• Technology Proficiency: Expertise in financial reporting software, ERP systems (e.g., SAP, Oracle), and advanced proficiency in Microsoft Excel.

• Communication Skills: Strong written and verbal communication skills, with the ability to explain complex financial information to non-financial stakeholders.

• Problem-Solving Abilities: Ability to identify financial issues, investigate root causes, and implement corrective actions.

• Project Management: Strong organizational and project management skills to manage multiple priorities and deadlines.

Educational and Experience Requirements:

• Bachelor’s degree in Accounting, Finance, or related field (Master's or professional certifications like CPA, CA, or ACCA is a plus).

• At least 7-10 years of experience in accounting, financial reporting, or audit, with at least 3-5 years in a managerial role.

• Prior experience in managing audits, financial reporting, and general ledger processes at a senior level.