Finance Lead Jobs at Future Fibres in Colombo, Western Province, Sri Lanka

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  • Post Date: August 15, 2022
  • Applications 0
  • Views 43
Job Overview

Finance Lead

Senior finance executive job description | Top 10 duties

About the job

Role Summary


• Preparation, completion, and analytical review of the financial (monthly) reporting for the entire SBU (Spain / US/ SLK / UK) in line with company policy, procedures, and timelines.

• To ensure that all tax and statutory reporting occurs in an ethical, accurate and timely manner

• Report to the CFO on the financial performance of the company.

• Financial insights into business performance to drive improved profitability

• Manage the month-end process in line with company policy, procedures, and timelines.

• Ad hoc financial support/ analysis to the GM / CFO as required.

• Team leadership and building/ Build and manage a team of accountants and perform people management activities.

• Work with the teams on process improvements and efficiencies.

Role Description


Finance Team Management: To take complete ownership of the Offshore finance function for the SBU, including:

· Manage the SL finance department (3-5 reports) & continue to develop the role of offshore finance

Accounting and Reporting

  • Completion of SBU month end reporting requirements in accordance with group reporting deadlines
  • Preparation and maintenance of monthly contract accounting
  • Coordinate and facilitate monthly contract accounting meeting with contract/project managers
  • Have a complete understanding of the SBU P&L, prepare/Review general ledger reconciliations and journals, review Intercompany revenue eliminations & the Fixed Asset register reconciliation as well as all reconciliations prepared by SL team
  • Do the Capital Expenditure Reporting and Forecast & review of and management intercompany account reconciliations for SBU
  • Management of debtors and other areas that impact working capital
  • Preparation of regular sales forecast for the Future Fibres business & the annual budget for Future Fibres business

Management Accounting

  • Proactive analysis and financial insights into the trading activity
  • Analysis of profitability of the business by project/ product to help drive profit enhancement

Accounting Systems and Policy

  • Monitor and improve internal controls systems to ensure financial risk is minimized within the SBU.
  • Detailed review and maintenance of “jobs” in the system
  • Periodic review and AP and AR listing to identify areas of attention
  • Monitor customer invoicing and timely collection
  • Month-end maintenance of the finance system


Statutory Reporting / Audit & Taxation

  • Completion / filing of local statutory accounts for SBU at various locations.
  • Manage the relationship with local auditors / advisors
  • Review of all tax returns, including Income Tax and Social Security
  • Responsibility to ensure correct treatment of VAT in SBU
  • Completion of Annual Group Tax Pack

Foreign Exchange/Treasury Management

· Liaise with the bank in relation to day-to-day banking activities, Co-ordinate and assist with weekly cash flow and approve weekly supplier payments. Provide assistance and support with weekly cash flow management

Payroll / HR

· Report the Headcount data on a monthly basis


· Mentor, train and develop the wider Finance team, act as an ambassador for Finance in the wider Management team and complete any Ad hoc project support to the CFO/ Head of Finance as required



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Job Detail
  • Offered SalaryNot Specified
  • Career LevelNot Specified
  • ExperienceNot Specified
  • GenderBoth
  • INDUSTRYAccountancy, Banking and Finance
  • QualificationNot Specified
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