Financial Operations Director for Retail Business
4 days ago
We are seeking a skilled Accounting Manager to oversee the financial operations of our retail business. This role involves managing the accounting team, preparing financial statements, and ensuring compliance with local accounting standards and regulations.
Responsibilities:- Financial Reporting and Analysis
- Prepare and review financial statements, ensuring accuracy and compliance with Philippine Financial Reporting Standards (PFRS).
- Oversee the month-end and year-end closing processes and reports.
- Generate financial reports and presentations for management, highlighting key financial metrics and trends supported with data.
- Budgeting and Forecasting
- Develop and manage the annual budgeting process.
- Monitor actual performance against budget and provide variance analysis.
- Assist in financial forecasting and planning activities.
- Accounts Management
- Manage accounts payable and receivable processes.
- Evaluate timely and accurate billing and collection activities.
- Reconcile bank statements and resolve discrepancies.
- Post accounting entries in NAV software accurately.
- Internal Controls and Compliance
- Implement and maintain internal controls to safeguard company assets.
- Evaluate compliance with tax laws and regulations, including VAT and corporate income tax.
- Provide accurate data to various stakeholders for legal compliance purposes.
- Review sales discrepancies and audit queries.
- Team Leadership
- Serve as a supervisor, mentor, and developer of the accounting team.
- Assign tasks and projects, providing guidance and support to ensure deadlines are met.
- Conduct performance evaluations and identify opportunities for professional development.
- Retail-Specific Duties
- Oversee inventory accounting and ensure accurate stock valuations.
- Manage cash flow to support retail operations.
- Analyze sales data and provide insights to support business decisions.
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