Financial Record Keeping:
- Maintain accurate and up-to-date financial records for the trading company, including accounts payable, accounts receivable, and general ledger entries.
- Monitor and reconcile bank statements, credit card transactions, and other financial transactions to ensure accuracy and completeness.
Financial Reporting:
- Prepare regular financial reports, including balance sheets, income statements, and cash flow statements, to provide insights into the company's financial performance.
- Analyze financial data and generate reports that help management make informed decisions about trading strategies and resource allocation.
Inventory Management:
- Collaborate with the operations team to maintain accurate records of inventory levels, valuations, and cost of goods sold.
- Perform periodic reconciliations between inventory records and physical counts, addressing any discrepancies that arise.
Accounts Payable and Receivable:
- Process and review invoices, purchase orders, and payment requests, ensuring accurate coding and proper approval processes.
- Monitor accounts receivable to ensure timely collection of payments from clients and address any overdue accounts.
Budgeting and Forecasting:
- Assist in the development of annual budgets and forecasts for the trading company's financial activities.
- Monitor actual financial performance against budgeted figures and provide variance analysis reports to aid in decision-making.
Compliance and Regulations:
- Stay current with financial regulations, accounting standards, and tax laws relevant to the trading industry, ensuring the company's financial practices remain compliant.
- Assist in the preparation of tax returns and liaise with external auditors during the annual audit process.
Financial Analysis:
- Conduct thorough financial analysis to identify trends, opportunities, and risks within the trading business, providing insights to management for strategic planning.
- Perform cost analysis and profitability assessments on different trading activities or product lines.
Stakeholder Relationship & Management:
- Collaborate closely with stakeholders for activities such as Letter of Credit (LC) opening, international payment processing, and customs clearance.
- Ensure efficient communication and coordination with banks, customs officials, and international partners to facilitate smooth trading operations.
Process Improvement:
- Continuously evaluate and enhance financial processes and procedures to optimize efficiency and accuracy in financial reporting and record keeping.
- Implement automated solutions and software tools to streamline repetitive tasks.
Cross-Functional Collaboration:
- Collaborate with various departments such as procurement, sales, and operations to gather information and ensure accurate financial data flow.
- Provide financial expertise to support negotiations and decision-making related to vendor contracts, pricing, and trading terms.
Salary and other benefits is Negotiable