Finance Manager

client of Hirelabanese

Duties and Responsibilities:

• Oversee monthly, quarterly, and annual financial forecasting, aligning with the company s business objectives.
• Analyze variances between actual financial performance and budget, providing insights and recommendations for improvements.
• Prepare and present accurate financial reports, including profit & loss statements, balance sheets, and cash flow reports to senior management and stakeholders.
• Ensure timely and accurate month-end and year-end financial closings.
• Collaborate with external auditors to ensure successful audit processes.
• Implement effective cost control measures across the distribution and installation operations to optimize resource allocation.
• Monitor and analyze cost structures, identifying opportunities for cost reduction and efficiency improvements.
• Oversee pricing strategies for gas distribution and installation services, ensuring profitability while remaining competitive.
• Manage the company s cash flow to ensure sufficient liquidity for day-to-day operations and capital investment projects.
• Oversee the management of accounts payable and receivable, ensuring timely payments and Collections
• Maintain banking relationships and optimize credit facilities to support business expansion.
• Ensure the company complies with all financial regulations, industry standards, and local laws, particularly regarding gas distribution and safety regulations.
• Develop and implement financial risk management policies, including insurance, hedging, and other protective measures.
• Evaluate and mitigate financial risks associated with the distribution and installation processes, including supply chain risks and fuel price fluctuations.
• Conduct financial analysis of potential capital investment projects, including expansions, equipment purchases, and installation projects.
• Provide recommendations on capital allocation to maximize return on investment and company growth.
• Ensure compliance with local tax laws, including VAT, corporate tax, and any specific taxes related to product distribution.
• Manage tax planning and optimization strategies to minimize tax liabilities.
• Oversee the submission of regulatory financial reports and ensure accurate, timely filing with authorities.
• Lead and develop the finance team, including accountants, analysts, and financial clerks.
• Set objectives, mentor, and provide performance feedback to team members.
• Ensure the finance team stays updated with industry changes and financial best practices.