The Accounts Manager is responsible for managing the accounting and financial operations of the manufacturing division, ensuring accurate financial reporting, maintaining compliance with accounting standards and regulations, and overseeing the day-to-day activities of the Accounts department. This role requires close collaboration with other departments, auditors, and senior management to provide financial insights, control costs, and enhance profitability.

Key Roles and Responsibilities:

• Prepare and present accurate financial statements, including balance sheets, profit & loss statements, and cash flow statements, in line with NFRS, applying advanced Excel tools for costing systems across different products.
• Ensure timely and accurate monthly, quarterly, and annual financial reporting.
• Analyze financial data to identify trends, variances, and areas for improvement.
• Provide financial insights and strategic recommendations to senior management for decision-making.
• Coordinate with external auditors to facilitate annual audits and ensure audit readiness.
• Lead the preparation of annual budgets and periodic forecasts in collaboration with department heads.
• Monitor budget vs. actual performance, identify variances, and provide detailed explanations.
• Implement cost control measures and monitor cost-saving initiatives.
• Assist in long-term financial planning and strategy development to support organizational growth.
• Oversee accounts payable and receivable functions, ensuring timely payments and collections.
• Review and approve payment requests, invoices, and vendor statements.
• Develop and manage credit control policies and procedures to minimize bad debts and improve cash flow.
• Ensure timely reconciliation of accounts and resolve discrepancies.
• Monitor and manage cash flow to ensure sufficient liquidity.
• Prepare cash flow projections and optimize working capital.
• Oversee bank reconciliations and manage relationships with banking partners.
• Develop, implement, and monitor internal controls to safeguard assets and ensure the accuracy of financial records.
• Ensure compliance with accounting standards, tax regulations, and company policies.
• Ensure timely and accurate filing of tax returns and compliance with statutory obligations.
• Monitor inventory levels and ensure accurate valuation of inventory.
• Collaborate with production, sales, and procurement teams to manage inventory turnover and minimize obsolescence.
• Implement inventory control measures and perform periodic stock audits.
• Foster a culture of continuous improvement and professional development within the team.
• Provide guidance, support, and mentorship to team members to enhance their performance.
• Oversee the implementation and maintenance of accounting software; experience with ERP systems is preferred.
• Ensure the accuracy and integrity of financial data within the accounting system.
• Collaborate with IT to resolve system issues and implement necessary upgrades.
• Act as the primary point of contact for auditors, tax authorities, banks, and other financial institutions.
• Prepare and provide financial reports to external stakeholders as required.
• Maintain effective communication with suppliers, customers, and service providers.
• Perform any other responsibilities as assigned by management.

Work Environment:

• Office-based role with occasional visits to the factory floor.
• Collaboration with cross-functional teams including Productions, Sales, Procurement, and IT.
• Interaction with internal auditors, tax authorities, and financial institutions as and when required.
• This role is pivotal in ensuring the financial stability and integrity of the manufacturing division, supporting growth and profitability through effective financial management and control.