Job Description
JOB SUMMARY
- This role reports to the Partners & is responsible for overseeing the financial management & strategic planning of the firm. This position will lead the finance team in providing accurate financial insights, managing financial risks, & ensuring compliance with industry regulations.
RESPONSIBILITIES
- Develop & implement financial strategies aligned with the firm's business goals & objectives.
- Provide financial recommendations to the firm's leadership team to support decision making & growth.
- Oversee the preparation of financial reports, including project profitability analysis, revenue recognition, & cost tracking.
- Ensure timely & accurate financial reporting to facilitate management decisions.
- Lead the annual budgeting process, working closely with department heads to develop budgets and financial forecasts.
- Oversee the billing process, ensuring timely & accurate client invoicing.
- Collaborate with project managers to monitor client accounts receivable & implement effective collection strategies.
- Work closely with project teams to manage budgets, track costs, & ensure profitability.
- Provide financial insights on project performance & potential financial risks.
- Ensure compliance with financial regulations, accounting principles, & industry standards.
- Monitor cash flow & working capital to ensure adequate liquidity for ongoing operations.
- Implement cash management strategies to optimize working capital.
- Establish & maintain robust financial controls to safeguard the organization's assets & prevent fraud or misappropriation.
- Evaluate & enhance financial systems & processes to streamline financial operations & improve efficiency.
- Manage banking relationships & optimize treasury functions, including investment decisions & foreign currency management.
- Identify & assess financial risks, develop risk mitigation strategies, & proactively address potential issues to ensure financial stability.
- Lead & develop the finance team, providing mentorship, performance feedback, & professional development opportunities.
- Foster a culture of continuous improvement & collaboration within the department.
- Collaborate with the firm's partners and management team to communicate financial results, forecasts, and insights.
- Provide financial expertise to support business initiatives & proposals.
- Manage payroll
REQUIREMENTS
- A first degree in Accounting Engineering, Finance, or a numerate discipline
- A minimum of 8 (eight) years’ work experience
- Possession of relevant professional certification (ICAN/ ACA / ACCA / ACMA /CFA)
- Proficient in using QuickBooks Accounting Software
To help you succeed in the role, you will need to have.
- Strong financial acumen, analytical skills, & strategic thinking abilities.
- Strong understanding of financial management in a project-based environment.
- Excellent knowledge of accounting principles, financial regulations, & tax compliance for professional services firms.
- Experience in financial planning, budgeting & forecasting.
- Advanced financial analysis & reporting skills.
- Leadership acumen with excellent communication & interpersonal abilities.
- Ability to work under pressure and meet tight deadlines.
- Proficiency in financial software & Microsoft Office applications.
- Working knowledge of the Balanced Scorecard as a Performance Management Tool
- Ability to interpret and relay financial information in a practical manner that is easily understandable to non-financial persons.
- Excellent communication and presentation skills