. Manage funds to maximize return on investment and minimizing risk
• Ensure the control procedures
• Responsible for the financial analysis, forecasting, budgeting, and cost analysis
• Manage the operational performance
Accounting responsibilities
• Oversees the daily accounting activities
• Supervises and reviews the accounting staff work (such as, cash reconciliations, reconciliations, check runs, accounts receivable transactions, accounts payable transactions, debt activity, recording of revenue and expenses).
• Cash management (including placement/ movement of funds in various trusts)
• Reviews general ledger on a monthly basis to ensure the accuracy of post in
• Produces financial reports
• Coordinates monthly, quarterly, and annual closing activities
• Produces quarterly and annual financial statements and financial reports
Management
• Create and maintains a documented system of financial and accounting policies and procedures
• Oversees the operations of the treasury
Funds Management
• Forecasts cash flow positions, related borrowing needs, and available funds for investment
• Ensures that sufficient funds are available to meet ongoing operational and capital investment requirements
• Uses hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
• Maintains banking relationships
• Assists in determining the company's proper capital structure
• Arranges for equity and debt financing
• Invests funds
• Recommends appropriate dividend issuance, based on historical dividend patterns and expected cash flows
Budgeting
• Manages the preparation of the company's budget
• Reports to management on variances from the established budget, and the reasons for those variances
• Assists management in the formulation of its overall strategic direction
• Engages in ongoing cost reduction analyses in all areas of the company