|Job Title||Finanncial Controller||Department||Finance & Controlling||Reporting to||Plant Manager|
|Staff name||No. of direct reports|
|Internal relationship: Internal Depts & with Finance organisation of the Business Division||External relationship: Banks, local authorities, Auditors.|
|Deputy while absent: Plant Manager|
Management of Finance&Control activities in order to achieve the finanical key objectives
|Key Responsibilities / Description of tasks|
The key processes to cover above key objectives are
Provide support for decision making
Financial management provides managers with the information and knowledge they need to support operational decisions and to understand the financial implications of decisions before they are made. It also enables managers to monitor their decisions for any potential financial implications and for lessons to be learned from experience, and to adapt or react as needed.
Ensure the availability of timely, relevant and reliable financial and non-financial information
Financial management gives managers the information that either forms the basis for calculating financial information, or is used for management control and accountability purposes.
Financial management enables an organization to identify, assess and consider the financial consequences of events that could compromise its ability to achieve its goals and objectives and/or result in significant loss of resources. Financial management is an important component of risk management and needs to be considered with the full range of business risks, such as operational and strategic risks as well as social, legal, political and environmental risks.
Use resources efficiently, effectively and economically
Financial management is necessary to ensure that an organization has enough resources to carry out its operations, and that it uses these resources with due regard to economy, efficiency and effectiveness.
Financial management is essential for an organization to understand and demonstrate how it has used the financial resources entrusted to it and what it has accomplished with them. The finance manager is responsible for ensuring that non-financial managers within the organization understand the financial accountability given to them.
Provide a supportive control environment
Financial management contributes to promoting an organizational climate that fosters the achievement of financial management objectives - a climate that includes commitment from senior management, shared values and ethics, communication and organizational learning.
Comply with authorities and safeguard assets
Financial management is essential to ensuring that an organization carries out its transactions in accordance with applicable legislation, regulations and executive orders; that spending limits are observed; and that transactions are authorized. It also provides an organization with a system of controls for assets, liabilities, revenues and expenditures. These controls help to protect against fraud, financial negligence, violation of financial rules or principles and losses of assets or public money.
The objective of financial management is wealth maximization rather than profit maximization. Wealth maximization means the total value of the firm.
||> Degree in Financial Accounting
> CPA would be an advantage
||Excellent understanding and communication of the economic conditions that influence operating environment of the business.|
||> Interpersonal skills – advanced
> Leadership skills – advanced
> Strategic thinking – advanced
> Judgement – advanced
> Presentation Skills – advanced
> Communication ability
> Decision-making ability
> Strong controlling ability, and
||PC (MS Office) Word – average/advanced
Excel – advanced
Power Point - advanced
|Foreign languages||English – Fluent|
||3 to 5 years related experience|