Job Code: JSLP-3594
Industry: Healthcare
Location: Ernakulam
Job Title: Finance Manager
Job Description: A Finance Manager is responsible for overseeing and managing the financial activities within an organization. The role involves ensuring the financial health of the company through strategic planning, reporting, and analysis. Here’s a breakdown of the key responsibilities and qualifications typically associated with the position:
Responsibilities may include but are not limited to, confirm your Job Descriptions with the Interviewer:
Financial Planning and Analysis:
- Develop and manage the company’s financial budget and forecasts.
- Provide regular financial analysis and insights to management.
- Prepare financial reports and assess business performance.
Accounting and Reporting:
- Oversee the preparation of financial statements (balance sheet, income statement, cash flow).
- Ensure compliance with accounting standards, policies, and regulations.
- Coordinate audits and provide necessary financial documentation to external auditors.
Cash Flow Management:
- Monitor cash flow to ensure the company maintains liquidity.
- Manage accounts receivable and accounts payable.
- Optimize working capital and reduce financial risks.
Cost Management and Efficiency:
- Identify opportunities for cost reduction and process improvements.
- Conduct variance analysis between budgeted and actual financial results.
- Recommend financial strategies to improve profitability.
Risk Management:
- Identify and mitigate financial risks and uncertainties.
- Ensure adherence to financial policies and internal controls.
- Provide guidance on insurance, investments, and financing options.
Team Leadership and Development:
- Supervise and mentor a team of financial analysts or accountants.
- Ensure the team is properly trained and equipped to meet financial goals.
- Foster collaboration with other departments to achieve business objectives.
Tax and Regulatory Compliance:
- Ensure compliance with tax laws and regulations.
- Oversee the preparation of tax returns and filings.
- Stay up to date with changes in tax legislation.
Strategic Decision Support:
- Assist senior management with strategic decision-making by providing financial insights.
- Conduct financial modeling and scenario analysis for potential business projects.
- Support mergers, acquisitions, or investment decisions.
Required Skills and Qualifications:
- Education: A bachelor’s degree in finance, accounting, economics, or a related field and MBA Finance may be preferred.
- Experience: Minimum 5 years of relevant experience.
Technical Skills:
- Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle).
- Advanced Excel and data analysis skills.
- Knowledge of financial regulations, tax laws, and reporting standards.
Analytical Skills:
- Strong ability to analyze financial data, identify trends, and make data-driven decisions.
Communication Skills:
- Ability to communicate complex financial information clearly to non-financial stakeholders.
Leadership:
- Proven experience managing and motivating a team.