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

Job Overview

Finance Lead

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

Other

· 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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