Job Summary
The Senior Finance Expert is responsible for overseeing financial planning, budgeting, expenditure management, and compliance with government financial regulations. The role involves in-depth financial analysis, budgeting and forecasting, preparation of financial reports, risk management, and providing financial insights to senior management. The Senior Finance Expert contributes significantly to the organization's financial stability and growth.
Key Responsibilities and Duties
- Financial Planning and Budgeting
Develop and oversee the preparation of annual and multi-year budgets for the finance department.
Monitor budget implementation and provide variance analysis with recommendations.
- Financial Transactions
Check and verify payment requests along with their supporting documents.
Follow up on transaction details and verify the accuracy of account code recordings.
Adjust any abnormal balances.
- Financial Analysis
Conduct in-depth financial analysis, including variance analysis.
Assist in providing actionable insights based on financial analysis to support strategic decision-making processes.
- Financial Reporting
Reconcile the ledger with bank statements.
Prepare detailed and insightful financial reports, including financial statements and budget utilization reports.
Assist in presenting financial reports and analysis to senior management and stakeholders, explaining complex financial data clearly and concisely.
- Strategic Financial Planning
Assist in the development and implementation of financial strategies aligned with organizational goals.
Provide strategic financial advice, recommendations, and scenarios to optimize financial performance.
- Expenditure Management
Analyze expenses across various programs and projects and identify inefficient budget utilization.
Handle the processing and payment of VAT, Withholding Tax (WHT), and other deductions to the relevant regulatory bodies.
Follow up on the implementation of effective budget utilization to optimize expenses while maintaining operational effectiveness.
- Financial Risk Management
Identify financial risks and vulnerabilities and assess their potential impact on the organization.
Develop and implement risk mitigation strategies to safeguard the organization's financial interests.
- Financial Compliance
Ensure compliance with financial regulations, accounting standards, and tax laws.
Coordinate with internal and external auditors, provide the necessary documentation, and address audit queries.
Prepare action plans and feedback regarding final audit findings.
- Cross-Functional Collaboration
Collaborate with other departments to understand their financial needs and provide financial support and analysis as required.
Build strong relationships with internal stakeholders to facilitate effective communication and collaboration.
Perform other duties as assigned by the line manager.
Educational Qualifications and Work Experience
Master's or Bachelor's degree in Accounting and Finance, Economics, Management, or a related field.
For Master's degree holders: 7 years of relevant work experience.
For Bachelor's degree holders: 8 years of relevant work experience.
Required Skills and Technical Competencies
Proficiency in financial modeling, data analysis tools, and financial management.
Strong analytical and critical-thinking skills, with the ability to interpret complex financial data.
Excellent communication and presentation skills, with the ability to explain financial concepts to both financial and non-financial stakeholders.
Ethical mindset with a commitment to transparency, integrity, and responsible financial practices.
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