Accounting Manager

I. JOB SUMMARY

The Accounting Manager oversees the daily operations of the accounting department and provides critical support to the General Manager and Back Office Manager. This role is responsible for ensuring accurate financial record-keeping, compliance with regulations, and assisting with financial reporting and analysis regulatory compliance, and contributing to financial reporting and analysis. By effectively managing the departmental functions and promoting best practices, the Accounting Manager plays a vital role in safeguarding and strengthening the company's overall financial health.

II. QUALIFICATIONS

Education

• Bachelor's degree in Accounting, Finance, or a related field. A Master's degree or professional certification (e.g. CPA, CMA) is preferred.

Experience

• Minimum of 10 years in accounting, with at least 8 years in a supervisory role.
• Proven track record of managing accounting operations and supporting financial reporting and analysis.
• Experience in accounting software - QuickBooks, SAP, Oracle, etc. - and ERP systems

Skills/Knowledge

• Strong knowledge of Generally Accepted Accounting Principles and Financial Reporting Standards
• Familiarity with tax regulations and compliance requirements
• Excellent leadership, communication, and interpersonal skills.
• Strong analytical and problem-solving abilities
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment
• Detail oriented with high level of accuracy in work

III. JOB RESPONSIBILITIES

A.  Financial Reporting and Analysis

• Prepares accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Prepares and submits financial reports for management, stakeholders, and regulatory bodies, ensuring compliance with reporting requirements.

B.  Accounting Operations

• Oversee the day-to-day operations of the accounting function, including accounts payable, accounts receivable, general ledger maintenance, and payroll processing.
• Ensure adherence to company policies, accounting standards, and applicable regulatory requirements.
• Supervise the reconciliation of various accounts, including bank reconciliations, and promptly guide staff in resolving any discrepancies.

C.  Team Support and Leadership

• Support top management and mentor the accounting team by providing guidance to ensure accurate, efficient, and timely execution of financial processes.
• Conduct regular performance evaluations, offer constructive feedback, and facilitate professional development plans to help team members grow in their roles.
• Identify skills gaps within the team and coordinate relevant training and development initiatives to enhance overall capability and performance.

D.  Budgeting and Forecasting

• Collaborates with department heads to prepare annual budgets (ORB), mid-year revised budgets (MYR), and financial forecasts, ensuring timely submission and clear presentation to top management.
• Monitors budget performance and provides variance analysis to support informed decision-making.
• Identifies opportunities for cost control and operational efficiency improvements.

E.  Audit and Compliance ✓

• Support both internal and external audit processes by ensuring that all required documentation and information are complete, accurate, and readily accessible.
• Assist in maintaining compliance with tax laws and other statutory financial reporting requirements.
• Implement and monitor internal controls to safeguard company assets and ensure the integrity and accuracy of financial records.

F. Process Improvement ✓

• Identify and pursue opportunities to streamline and enhance accounting processes and systems.
• Implement best practices and leverage automation tools to improve the efficiency, accuracy, and reliability of accounting operations.
• Stay current with industry trends and regulatory developments to ensure ongoing compliance and continuous improvement of accounting practices.