Finance Manager at JNC International Limited

Basic Functions

• The finance manager should manage funds in such a manner as to maximize return on investment while minimizing risk, and while also ensuring that an adequate control structure is in place over the transfer and investment of funds.
• Further, the finance manager engages in financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance.
• The position is considered to be more senior than the financial analyst position.

Principal Accountabilities
Management:

• Maintain a documented system of accounting policies and procedures.
• Manage outsourced functions.
• Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.

Funds Management:

• Forecast cash flow positions, related borrowing needs, and available funds for investment.
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions.
• Maintain banking relationships.
• Assist in determining the company's proper capital structure.
• Arrange for equity and debt financing.
• Invest funds.
• Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows.

Budgeting:

• Manage the preparation of the company's budget.
• Report to management on variances from the established budget, and the reasons for those variances.
• Assist management in the formulation of its overall strategic direction.

Financial Analysis:

• Engage in ongoing cost reduction analyses in all areas of the company.
• Review the performance of competitors and report on key issues to management.
• Engage in benchmarking studies to establish areas of potential operational improvement.
• Interpret the company's financial results to management and recommend improvement activities.
• Review company bottlenecks and recommend changes to improve the overall level of company throughput.
• Participate in target costing activities to create products that meeting predetermined price goals.
• Assist in the determination of product pricing in relation to features offered and competitor pricing.
• Compile key business metrics and report on them to management.
• Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis.
• Create additional analyses and reports as requested by management.

Additional Accountabilities:

• Oversee the extension of credit to customers.

Desired Qualifications

• The finance manager candidate should have a Bachelor's Degree in Finance or Accounting, or equivalent business experience and 5 -7 years of progressively responsible experience for a major company or division of a large corporation.
• Preference will be given to candidates with Certifications.
• Excellent written, presentation and communication skills are essential, particularly in regard to presenting the results of analyses to management. Should have an outstanding knowledge of electronic spreadsheets.