Main Accountabilities
The Finance Director is accountable for leading all financial management functions of the project, including strategic financial planning, budgeting, forecasting, and resource allocation. This role ensures robust financial controls, regulatory compliance, and audit readiness while providing critical financial insights to support executive decision-making. The Finance Director is responsible for monitoring financial performance through KPIs, managing profit and cost centers, optimizing operational costs, maintaining the fixed assets register, and delivering regular financial reports to management and stakeholders. Additionally, the position drives initiatives to improve financial efficiency, cost-effectiveness, and profitability while safeguarding company assets and maintaining financial integrity throughout the project lifecycle.
Detailed Job Description
- Lead the annual budgeting process, including forecasting, resource allocation, and cost projections.
- Develop financial plans to support the company鈥檚 strategic objectives and operational requirements.
- Establish and enforce robust financial controls to ensure compliance with internal policies and external regulations.
- Conduct regular audits and risk assessments to safeguard company assets and maintain financial integrity.
- Collaborate with internal and external stakeholders to provide clear and timely financial information.
- Act as the primary point of contact for auditors, ensuring smooth audit processes and compliance with all statutory requirements.
- Provide financial insights and recommendations to support executive decision-making and strategic initiatives.
- Drive initiatives to improve financial efficiency, cost-effectiveness, and profitability.
- Develop and monitor profit and cost centers to ensure efficient allocation and management of resources.
- Analyze variable and fixed costs, providing insights to optimize operational and financial performance.
- Maintain and update the fixed assets register, ensuring accurate valuation and compliance with company policies.
- Monitor depreciation schedules and assess asset value periodically to support financial reporting and decision-making.
- Define and monitor key financial performance indicators (KPIs) to track the company鈥檚 financial health and operational efficiency.
- Provide regular reports to management on financial performance and trends to support strategic planning.