The Finance Department Head is responsible for planning, organizing, directing, and controlling all financial activities of the organization. The role ensures effective financial management, compliance with applicable laws and accounting standards, preparation of financial reports, budgeting, cash flow management, and strategic financial planning.
Key Responsibilities
Lead and supervise the finance and accounting team.
Develop and implement financial policies, procedures, and internal controls.
Prepare annual budgets and monitor budget performance.
Prepare monthly, quarterly, and annual financial statements.
Manage cash flow, banking relationships, and treasury functions.
Ensure timely payment of taxes and compliance with legal and regulatory requirements.
Coordinate internal and external audits.
Monitor organizational expenditures and recommend cost-control measures.
Provide financial analysis and advice to senior management.
Oversee payroll, accounts payable, accounts receivable, and general ledger functions.
Ensure proper maintenance of financial records and documentation.
Identify financial risks and recommend mitigation strategies.
Support strategic planning and investment decisions.