Finance Manager- Must Be
2 weeks ago
Responsible for establishing a reliable financial reporting system in compliance with internal guidelines and procedures which monitors the achievements of the Ecommerce and Digital objectives and provides stakeholders with relevant financial data for the decision making process. The role holder is also responsible for recommending areas of improvement in order to achieve Ecommerce & Digital targets.
**Role Details - Key Responsibilities and Accountabilities: Budget and Cost Control**
- Assist in monitoring allocated budget for the BU to ensure compliance and highlight possible issues
- Provide inputs on the preparation of budget when necessary
- Provide inputs on cost reduction measures for the store
- Build the specific ecommerce/digital KPIs
- Manage the monthly cost allocation per ecommerce store
- Risk Management and Insurance Coverage
- Ensure proper and adequate insurance coverage
- Ensure that financial aspects of the contracts are adhered to and are renewed in a timely manner
**Internal Control and Audit**
- Ensure alignment of procedures developed by the Finance function
- Guarantee that the fixed asset register is properly maintained
- Ensure that payroll is processed accurately and timely
- Control suppliers’ payment terms and consequences
- Monitor stock-check, sleeping stock, receiving controls and analyses shrinkage result
- Perform audits on ecommerce operations to minimize risks, prepare corrective actions and proposals for improvement
- Ensure the strict implementation of Internal Audit recommendations
- Review, develop and implement the digital strategy that supports the company’s corporate and business strategies
- Reporting
- Oversee the preparation of store performance analysis by Department/Section
- Prepare business presentations and reports for stakeholders periodically and ad hoc basis when required
- Provide summary of asset information to the management regularly
- Responsible for business analysis and modelling including:
- Monthly financial closing (budgetary control, P&L, Balance Sheet and Cash Flow)
- Weekly forecast
- Annual budget
- Ecommerce turnover, TCM
- Cash flow
**Qualification, Experience & Skills: Minimum Qualifications/education**
- Requirements:
- Bachelor degree in Accounting and/or Finance
- Not less than 7 - 10 years of experience in accounting/finance field
- Experience in Accrual Accounting standards
- Experience in Journal Entries, Accounts Payables, Accounts Receivables, and Cash management and bank reconciliation
- Period and Year end closure
- Financial Statement preparations (B/S, I/S, CF, O/E)
- Involved in management periodical reporting
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