RM Group

Chief Finance Manager

RM Group

Chief Finance Manager

RM Group is a prominent hydropower development conglomerate of Nepal, currently engaged in the implementation of a cumulative of 240 MW hydroelectric projects located at Taplejung, Dolakha, and Ramechhap, Rasuwa, Lamjung and Kaski, Districts of Nepal.

Chief Finance Manager

Views: 1704 | This job is expired 2 days, 15 hours ago

Basic Job Information

Job Category : Banking / Insurance /Financial Services
Job Level : Top Level
No. of Vacancy/s : [ 1 ]
Employment Type : Full Time
Job Location : Kathmandu
Offered Salary : Negotiable
Apply Before(Deadline) : Mar. 04, 2021 23:55 (2 days, 15 hours ago)

Job Specification

Education Level : Master
Experience Required : More than or equals to 10 years
Professional Skill Required : Communication Research Reporting Auditing Financial Forecasting
Other Specification

Qualification:

  • Master / MPHIL in Business Administration (Major: Finance), or equivalent
  • Qualified Chartered Accountant (Subjective)

Experience:   10 years and above. 


Job Description

Roles and Responsibilities:

Finance and Accounts

  • Obtain and maintain a thorough understanding of the financial reporting 
  • Manage and oversee the daily operations of the finance and accounting department
  • Monitor and analyze accounting data and produce financial reports or statements
  • Establish and enforce proper accounting methods, policies and principles.
  • Ensure updating of daybook, ledger and Profit & loss account periodically.
  • Timely billing in coordination with Project Managers and Site Engineers
  • Develop and maintain financial record keeping and reporting systems.
  • Meets accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.

Funds Management

  • Forecast cash flow positions, related borrowing needs, and available funds for projects
  • Ensure that sufficient funds are available to meet ongoing operational requirements
  • Use hedging to mitigate financial risks related to the interest rates on the company's borrowings
  • Assist in determining the company's proper capital structure
  • Manage projects Petty Cash Fund adhering to company documentation and approval requirements.
  • Allocation of funds, managing fund transfer based on request.

Budgeting

  • Manage the preparation of the company's budget
  • Report to management on variances from the established budget, and the reasons for those variances
  • Assist management in the formulation of its overall strategic direction

Audit and Inspection

  • Coordinate and complete annual audits
  • Liaising with auditors to ensure annual monitoring is carried out
  • Oversee suppliers' invoices processing. Reviewing purchase orders etc. relating to respective projects.
  • Ensure the accountability of Materials and its costs in project sites done properly.

MIS and P&L

  • Produce monthly financial statements including balance sheet, profit/loss statements, and General ledger
  • Presentation and Deliberation of finance and Accounts
  • Researching and reporting on factors influencing business performance
  • Ensures prompt submission of Cash Expenses Report

Resource Management

  • Facilitate budget and forecasting activities
  • Monitor cash flow and investments
  • Developing financial management mechanisms that minimize financial risk
  • Conducting reviews and evaluations for cost-reduction opportunities.
  • Site overhead cost analysis
  • Ensures that outcomes of the project are on-time, on-budget and on-quality and consistent within established guidelines

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