Accounting and Financial Operations Manager
6 days ago
The Accounting and Financial Operations Manager plays a pivotal role in ensuring the accuracy, integrity, and compliance of financial reporting and accounting practices. With a strong focus on operational excellence, this position is responsible for managing day-to-day accounting operations, maintaining internal controls, and ensuring compliance with regulatory standards.
Key Responsibilities:- Accounting Functions:
- Perform general accounting duties, including maintaining accurate general ledger entries, reconciliations, and journal entries.
- Prepare, review, and analyze financial statements in accordance with GAAP/IFRS.
- Assist in month-end and year-end close processes, ensuring timely and accurate financial reporting.
- Manage accounts payable/receivable functions and oversee cash flow management.
- Reconcile balance sheet accounts and bank statements regularly to ensure financial accuracy.
- Liaise with external auditors and tax authorities as required (e.g. annual or interim audits).
- Compliance Functions:
- Ensure adherence to all accounting and financial regulations, including tax laws, audit requirements, and reporting standards.
- Stay updated on regulatory changes and communicate their impact on financial and operational processes.
- Coordinate internal and external audits and ensure all audit findings are addressed promptly.
- Assist in developing and maintaining accounting policies, procedures, and internal controls to mitigate risks.
- Prepare and submit compliance reports as required by regulatory bodies (e.g., SEC, local authorities).
- Prepare tax returns and assist in the filing of local taxes (e.g., income tax, VAT, withholding tax on compensation, expanded withholding tax, etc) in a timely manner.
- Monitor and report on compliance-related risks, working closely with legal and financial teams to resolve issues.
- Conduct internal audits to ensure compliance with regulations.
- Cross-Departmental Collaboration:
- Work with cross-functional teams (HR, Operations, Sales & Marketing, R&D, etc.) to ensure alignment on financial practices and regulatory requirements.
- Provide guidance and training on compliance issues to staff as needed.
- Support senior management with financial data, forecasting, and budgeting.
- Risk Management:
- Identify and mitigate tax and compliance risks.
- Develop and implement policies and procedures to minimize risk exposure.
- Conduct risk assessments and recommend corrective actions.
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