Temporary Assistant Manager Finance

Overview

The Assistant Finance Manager supports the Finance Manager in overseeing the financial operations of the company, ensuring accurate financial reporting, and contributing to the development of strategies to enhance financial performance. The role involves managing day-to-day financial activities, participating in invoicing and credit control, assisting with budgeting, forecasting, and financial analysis, and ensuring compliance with regulatory requirements. Responsibilities

Financial Reporting

Prepare monthly, quarterly, and annual financial statements in compliance with regulatory standards. Assist in the preparation of financial reports for management review. Ensure accurate and timely closing of financial records and reports.

Invoicing, Record Updating and Reporting

Prepare and distribute invoices in accordance with the given timeline and process all adjustments for receivables in the system within the specified deadlines. Assist in reconciling receivables, sales, payables, and bank reconciliation reports, as well as other relevant data when needed. Promptly address customer inquiries related to receivables to ensure clear communication and timely resolution.

Credit Control and Collection

To follow up with customers on outstanding debts, actively driving the collection process through timely telephone calls and reminder letters in accordance with fee policies and procedures. Raise suspension and termination letters based on established policies Update eService system within seven days of receiving payments. Ensure activation of the installment plan within three business days and promptly update the instalment payment records and notify customers about the instalment activation. Prepare the periodic aging reporting through analysis, review the accuracy of the aging report, rectify any error and discrepancies

Budgeting and Forecasting

Assist in the development of the annual budget and periodic forecasts. Monitor and analyze budget variances, providing insights to management. Support the Finance Manager in the preparation of financial projections.

Financial Analysis

Perform financial analysis to support decision-making processes, including profitability analysis, cost analysis, and variance analysis. Provide recommendations to improve financial performance and operational efficiency. Assist in the evaluation of business performance against key financial indicators

Compliance and Internal Controls

Ensure compliance with all financial regulations, company policies, and internal controls. Assist in the preparation of audit schedules and support the external audit process. Identify and recommend improvements to financial processes and controls.

Cash Flow Management

Monitor cash flow and working capital requirements. Assist in the management of accounts payable and receivable. Support treasury functions, including managing bank relationships and optimizing cash management strategies.

Team Collaboration and Leadership

Provide guidance and support to junior finance staff. Collaborate with other departments to ensure alignment of financial objectives. Assist in the development and implementation of finance-related training programs.

Ad Hoc Projects

Participate in special projects as assigned by the Finance Manager. Contribute to statutory, internal, and tax audit processes (where applicable). Provide financial analysis and support for strategic initiatives.

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