Financial Planning Manager
1 week ago
Out of the Box Practices, Inc. seeks a highly skilled Financial Planning Manager to oversee the accounting department and ensure accurate financial reporting.
About the RoleThe Financial Planning Manager will be responsible for overseeing the general ledger, ensuring all transactions are recorded accurately, and managing the month-end and year-end closing processes. This position will also reconcile accounts, resolve discrepancies, and monitor variances between actual results and budgets/forecasts.
Key Responsibilities- Financial Reporting and Analysis:
- Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure timely and accurate reporting of monthly, quarterly, and annual financial information.
- Provide financial insights and recommendations based on financial analysis and trends.
- General Ledger and Month-End Close Process:
- Oversee maintenance of the general ledger, ensuring all transactions are recorded accurately.
- Manage month-end and year-end closing processes.
- Reconcile accounts and resolve discrepancies.
- Budgeting and Forecasting:
- Assist in preparation of the company's annual budget and financial forecasts.
- Monitor variances between actual results and budgets/forecasts, providing explanations for deviations.
- Compliance and Audit:
- Ensure compliance with tax regulations, accounting standards (GAAP, IFRS), and internal policies.
- Coordinate and lead external and internal audits.
- Stay updated on changes in financial regulations and implement necessary changes to accounting procedures.
- Team Leadership:
- Supervise and mentor junior accountants and accounting staff.
- Develop and implement accounting procedures and internal controls.
- Conduct performance reviews, provide training, and ensure development of the accounting team.
- Treasury and Cash Management:
- Monitor and manage the company's cash flow.
- Oversee accounts receivable and payable, ensuring timely collections and payments.
- Liaise with banks and financial institutions to manage company financing and banking relationships.
- Financial Strategy and Planning:
- Work with senior management to develop financial strategies that align with the company's long-term goals.
- Provide strategic financial guidance on business decisions, investments, and risk management.
- Systems Management:
- Oversee implementation and use of financial software and systems.
- Recommend and lead system upgrades or changes to improve efficiency.
To be successful in this role, you will need:
- Bachelor's degree in Accounting, Finance, or a related field (Master's or CPA/ACCA preferred).
- At least 5-7 years of accounting experience, with 2+ years in a managerial or supervisory role.
- Strong knowledge of accounting principles (GAAP, IFRS), financial reporting, and tax regulations.
- Experience with financial software and ERP systems (e.g., SAP, Oracle, QuickBooks).
- Strong analytical skills and attention to detail.
- Excellent communication, leadership, and organizational skills.
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