Duties & Responsibilities
In general, tasks across roles may include:
- providing and interpreting financial information;
- monitoring and interpreting cash flows and predicting future trends;
- analysing change and advising accordingly;
- formulating strategic and long-term business plans;
- researching and reporting on factors influencing business performance;
- analysing competitors and market trends;
- developing financial management mechanisms that minimise financial risk;
- conducting reviews and evaluations for cost-reduction opportunities;
- managing a company's financial accounting, monitoring and reporting systems;
- liaising with auditors to ensure annual monitoring is carried out;
- developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and Inland Revenue;
- producing accurate financial reports to specific deadlines;
- managing budgets;
- arranging new sources of finance for a company's debt facilities;
- supervising staff;
Management
- Maintain a documented system of accounting policies and procedures
- Manage outsourced functions
- Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
Funds Management
- Forecast cash flow positions, related borrowing needs, and available funds for investment
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
- Maintain banking relationships
- Assist in determining the company's proper capital structure
- Arrange for equity and debt financing
- Invest funds
- Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows
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
Financial Analysis
- Engage in ongoing cost reduction analyses in all areas of the company
- Review the performance of competitors and report on key issues to management
- Engage in benchmarking studies to establish areas of potential operational improvement
- Interpret the company's financial results to management and recommend improvement activities
- Review company bottlenecks and recommend changes to improve the overall level of company throughput
- Participate in target costing activities to create products that meeting predetermined price goals
Tax Planning & Forecast
- Assist in the determination of product pricing in relation to features offered and competitor pricing
- Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
- Create additional analyses and reports as requested by management
