Finance Manager at Ascentech Services Limited

Job Responsibilities:

• Develop and implement financial strategies to meet the company’s objectives.
• Prepare and manage annual budgets, forecasts, and financial plans.
• Conduct variance analysis to compare actual results with budgets and forecasts.
• Provide financial insights and recommendations to senior management.
• Oversee the preparation of accurate and timely financial statements.
• Ensure compliance with all financial reporting requirements, including statutory reports.
• Present financial reports to senior management, the board of directors, and external stakeholders.
• Coordinate with auditors for annual audits and resolve audit findings.
• Monitor cash flow, liquidity, and working capital to ensure the company meets its obligations.
• Manage relationships with banks and financial institutions.
• Develop and implement cash management strategies to optimize cash flow.
• Identify financial risks and develop strategies to mitigate them.
• Ensure compliance with financial regulations, tax laws, and corporate governance standards.
• Oversee insurance coverage and risk management activities.
• Analyze and control costs to improve profitability.
• Implement cost-saving initiatives across the organization.
• Review and approve financial commitments to ensure cost-effectiveness.
• Lead and manage the finance team, including training, development, and performance evaluation.
• Foster a culture of continuous improvement within the finance department.
• Collaborate with other departments to support their financial needs.
• Contribute to the development of the company’s long-term strategic goals.
• Provide financial insights and support for strategic decision-making.
• Participate in mergers, acquisitions, and other strategic initiatives.

Qualifications:

• Bachelor’s degree in Finance, Accounting, or a related field.
• Chartered Accountant (CA) qualification is an added advantage.
• Minimum of 6-8 years of experience in financial management in the hospitality industry, with at least 3 years in a leadership role.
• Strong understanding of financial regulations and reporting standards.
• Proficient in financial software and tools like ERP systems, MS Excel, and financial modeling.