The Head of Finance
is responsible for leading financial planning, risk management, and ensuring
the integrity of financial records and reporting. This role is pivotal in
supporting senior management with strategic and tactical insights related to
budget management, cost-benefit analysis, and financial forecasting. The
incumbent will independently oversee profit and loss activities, assess the
company's financial position, and manage cash flows within specified periods. A
key focus will be aligning financial strategy with Tharwah's broader goals,
fostering innovation, and ensuring compliance with regulatory standards.
Leadership, cross-departmental collaboration, and proficiency in modern
financial technologies are essential for this role.
Job Duties & Responsibilities:
·Ensure
accuracy and compliance of financial records and documents with accounting
standards and laws.
·Analyze
financial data to enhance organizational efficiency and effectiveness.
·Keep
abreast of current accounting practices and financial regulations.
·Lead
financial planning, including cash flow forecasting and liquidity management.
·Conduct
analyses of cash flow reports, highlighting variances and insights.
·Manage
timely financial period closing in the accounting system.
·Regularly
reconcile cash flow-related accounts.
·Perform
risk assessments and provide detailed financial risk reports.
·Participate
in company-wide financial risk management strategies.
·Advise
on strategic financial risks to executive management.
·Oversee
budgeting and long-term financial planning processes.
·Secure
banking facilities for company operations and future expansions.
·Align
departmental financial forecasts with company objectives.
·Prepare
and consolidate the company's profit and loss budget.
·Manage
capital and operational expenditure budgets.
·Develop
and oversee cash flow budgets.
·Facilitate
the annual budget approval process with executive management.
·Lead
financial feasibility studies for new initiatives.
·Generate
comparative financial performance analysis reports.
·Draft
performance evaluation reports with recommendations for improvement.
·Develop
multi-year financial strategies supporting company growth.
·Contribute
to growth and expansion strategies.
• Oversee the development and implementation of accounting policies and proceduresRequirements- Bachelor’s degree in accounting, finance, or a related field
- Must have more than 10 years of experience in accounting, finance, or a similar role.
- Proven track record in Collecting, interpreting, and reviewing financial information.
- Predicting future financial trends and providing actionable insights.
- Reporting to and advising management and stakeholders on financial strategies and their impact on future business decisions.
- Producing and interpreting financial reports related to budgets, accounts payable and receivable, and expenses.
- Developing and overseeing long-term business plans and financial strategies.
- Reviewing, monitoring, and managing budgets, ensuring alignment with strategic objectives.
- Formulating strategies to minimize financial risk.
- Analyzing market trends and competitors, with a focus on strategic implications.
- Led and managed finance teams, with strong skills in mentorship and team development.
- Proficiency in modern financial software and ERP systems.
- Experience in strategic decision-making and participating in executive-level discussions.
- Handling finance in a multi-national context (if applicable).
- Leading financial change initiatives and demonstrating strong change management skills.
- Ensuring compliance with local and international financial regulations.
