Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
Oversee financial department employees, including financial assistants and accountants.
Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.
Track the company's financial status and performance to identify areas for potential improvement.
Seek out methods for minimising financial risk to the company.
Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.
Review financial data and prepare monthly and annual reports.
Present financial reports to board members, stakeholders, executives, and clients in formal meetings.
Establish and maintain financial policies and procedures for the company.
Understand and adhere to financial regulations and legislation.
Examine all financial reports and data closely to check for discrepancies.
Create systems to prevent errors in data collection and calculations.
Report to the CFO with timely and accurate financial information, Assist the CFO in presenting reports to senior executives, stakeholders, and board members.
Develop budgets and financial plans for the company based on research and data reports, Review all financial plans and budgets regularly to look for cost reduction opportunities.
Establish and implement financial reporting systems to comply with government regulations and legislation.
Collaborate with auditing services to ensure proper compliance with all regulations.
Manage cash flow by tracking transactions and regularly reviewing internal reports.
Supervise and manage financial department staff, including accountants and financial assistants.
Motivate and lead finance team members by clarifying roles and providing helpful feedback.
Suggest updates and improvements for accounting systems, including payroll and invoicing.