Finance Manager
- Kingston
- Finance Manager
- Creative Arts & Media
- Full-Time
- Kingston
- Offer Accepted
- Listed: 1 month ago
- Key Details
- Salary Amount: $4,000,000.00
- Salary Type: Annual
- Gender: Male or Female
- Experience: 5 years
- Career Level: Mid Level
- Qualification: Bachelor’s Degree, Master’s Degree
- Job Overview
The Finance Manager has overall responsibility for organizing and coordinating the activities of the Finance Department of the well-recognized media house. The incumbent’s responsibility also extends to supervision and review of the integrity of data contained in Visual Traffic (Media Management Software) and Great Plains (accounting) systems as this is critical for the preparation of timely and accurate financial reports as well as other required management information to facilitate proper decision making.
- Responsibilities/Duties
FINANCIAL RESPONSIBILITIES:
- Assists in guiding the management team in the evaluation of the financial impact of proposed business strategies and transactions and makes recommendations for ensuring that the Company’s business objectives are met.
- Monitor the Company’s operating results (profit/loss) and update provide timely updates to the management team.
- Responsible for the annual budget presented to the Board of Directors & management team.
- Makes the final decision on the appropriate action to clear reconciling items, as required.
- Prepares and presents monthly, quarterly, annual and ad hoc Financial Statements for internal and external use prepared by direct reports, ensuring accuracy, completeness of data and notes, congruence in notes and figures, formatting as per target audience and appropriate standards.
- Preparation of monthly/weekly cash flow projections; check all funds and company excesses to ensure they are fully invested and update the management team accordingly.
- Reviews/Monitors accounts receivables and recommends ways to improve the position, as required.
- Maintains an appropriate level of interaction with the management of banks to facilitate management.
- Serves as a member of the team to negotiate contracts with financial institutions.
- Oversees activities to ensure that the regulatory requirements as regards accounting practices are met and the Company is not exposed, through the following:(i)Manages the Company’s tax exposure, including monitoring dispatch of payments due, finding legitimate opportunities to optimize the tax position, and of reducing the tax burden on the Company and its employees. (ii) Signs off on and monitors to ensure timely dispatch of required reports (e.g. Financial Statements, Declaration Of Assets, Share allotment) to relevant parties. (iii) Handles escalated cases such as queries from the regulators that cannot be dealt with by direct reports.
- Oversees the preparation and execution for the company’s external and ad hoc audit exercise through monitoring /reviewing audit schedules to ensure required documents are prepared for a timely start of the audit; drafts the company’s response to the audit report; randomly checks the implementation of the agreed actions in response to the audit report(s) and ensure all items on the management letter from the auditors are addressed on time within the financial year;
- Manage the accounts payable process to ensure that creditworthiness is not compromised by but not limited to:(a) Timely review, sign-off, and approval of invoices for payment; (b) Earmarking specific invoices to be paid during a specific payment cycle; (c) Handling escalated cases such as queries from suppliers which cannot be handled by direct reports
- Acts as the resource person to assist in the maintenance of compliance throughout the Company, through:(a) Assisting other members of the management team to develop the accounting practices in their respective departments; (b)Drafting and implementing internal control systems to protect the company’s assets; (c) Participating in the drafting/review of processes to prevent/eliminate the repeat of any breach identified.
- Responsible for expense management through but not limited to:(a) Analyses to identify significant expense items; (b) Make recommendations accordingly.
- Oversees the processing of all tax compliance by the Company, through:(a) Review all calculations and remittances to statutory bodies related to the payroll; (b) Review calculations and remittances for General Consumption Tax (GCT); (c) Review the schedule of deferred tax computations and analysis for accounting purposes.
- Assists in educating Team Members on the organization’s vision and overall strategy, engaging their commitment and participation through:
- Identifying knowledge/ skill/ attitude deficiencies in direct reports or self and recommending solutions to the Executive Producer;
- Assisting with the on-the-job and the cross-training of direct reports;
- Prepare and/or review accounting procedures and associated manuals for dissemination to the staff members, as required:(a) Updates and maintains the Accounting Procedures Manual for assigned areas of responsibility within the accounting Dept;
- Payroll preparation: Preparation of payrolls for executives, regulars, and freelancers. (a) Preparation of payrolls for executives, regulars, and freelancers.
- Skills & Certifications
QUALIFICATION & EXPERIENCE:
- Certified accounting degree and or Master’s Degree in accounting
- Minimum of 5 years’ experience in similar positions three of which must include supervision of others.
- Expert knowledge of job-related laws and regulations.
- Familiarity with International Financial Reporting Standards.
- Proficiency in oral and written communication.
- Proficiency in the use of computers and computer software (Microsoft Office, Visual Traffic and Great Plains etc).
- Ability to work on own initiative, with minimal supervision.
- Excellent interpersonal skills.
- Excellent people management skills
- Excellent time management skills.
- Strong analytical & problem-solving skills.
- Working Conditions
The role is primarily office-based, involving work at a desk with a computer, phone, and other office equipment. The work environment is typically quiet to moderately busy, with regular interactions with colleagues and occasional clients.
The role requires prolonged periods of sitting, typing, and using office equipment. Minimal physical effort is needed, aside from occasional lifting or moving of light office supplies.