Finance Head
by :  Anand Organics
Category : Banking / Financial Services / Broking  Export / Import  FMCG / Foods / Beverage  Printing / Packaging  
Location : Bhopal                   Experience :  7-12   Year
Salary :  Minimum - 30,000.00 - -

 



Job Description

Head of Finance

Job Purpose

The Manager of Finance contributes to the overall success of the organization by effectively managing all financial tasks for the organization.

Primary Duties and Responsibilities*

The Director of Finance performs a wide range of duties including some or all of the following:

Financial accounting and reporting

Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)

Develop, implement, and ensure compliance with internal financial and accounting policies and procedures

Ensure that all statutory requirements of the organization are met including Charitable Status, Withholding Payments (CPP, EI), Income Tax, Goods and Services Tax, Employer Health Tax

Prepare all supporting information for the annual audit and liaise with the Board's Audit Committee and the external auditors as necessary

Document and maintain complete and accurate supporting information for all financial transactions

Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash

Reconcile bank and investment accounts

Review monthly results and implement monthly variance reporting

Manage the cash flow and prepare cash flow forecasts in accordance with policy

Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll

Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation

Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate

Prepare annual charitable return in a timely manner as appropriate

Liaise with the Treasurer, Finance Committee and/or Audit Committee as appropriate

Assist the Executive Director and the Board Treasurer with financial reporting as required at Board meeting and the Annual General Meetings

Payroll preparation and administration

Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner

Negotiate and manage the employee insurance and benefits plans

Process and submit statutory and benefits remittances on time

Issue annual T4s and T4As

Budget preparation

Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the Executive Director and Treasurer and/or Finance Committee

Assist Program Directors and Project Managers with the preparation of budgets for funding applications

Project management accounting

Maintain financial records for each project in a manner that facilitates management reports

Ensure that accurate and timely financial statements are prepared in accordance with contract agreements with funders

Provide accurate and timely reporting on the financial activity of individual projects

Information technology

Evaluate the need for new technology to meet the organization's financial data processing, control, and reporting requirements

Advise on appropriate technology that meets the organization's information requirements and financial resources

Risk management

Monitor risk management policies and procedures to ensure that program and organizational risks are minimized

Advise the organization's leadership on appropriate insurance coverage for the organization and the Board of Directors

Maximize income where possible and appropriate

Negotiate with Bank for lines of credit or other financial services as required and appropriate

Office administration

Oversee and supervise the administrative function of the organization including reception, property/facility management, safety of the work environment, and provision of furnishings and equipment necessary for effective operations

Oversee the management of all leases, contracts and other financial commitments

Monitor all legislation relevant to the organization (employment standards, occupation health and safety, human rights, etc) and all regulations on professional certification to ensure that the organization is compliant

Qualifications

MBA in Finance & Accounts

Professional designation

Chartered Accountant, Certified General Accountant, or Certified Management Accountant designation is an asset.

Knowledge, skills and abilities

Knowledge of generally accepted accounting principles

Knowledge of federal and provincial legislation affecting charities

Knowledge of provincial legislation on Employment Standards, Occupational Health and Safety, and Human Rights

Knowledge of the voluntary sector

Proficiency in the use of computer programs for:

Accounting

Word processing

Databases

Spreadsheets

E-mail

Internet

Personal characteristics

The Director of Finance should demonstrate competence in some or all of the following:

Behave Ethically: Understand ethical behaviour and business practices and ensure own behaviour and the behaviour of others is consistent with these standards and aligns with the values of the organization

Build Relationships: Establish and maintain positive working relationships with others both internally and externally to achieve the goals of the organization.

Communicate Effectively: Speak, listen and write in a clear, thorough and timely manner using appropriate and effective communication tools and techniques.

Focus on Client Needs: Anticipate, understand, and respond to the needs of internal and external clients to meet or exceed their expectations within the organizational parameters.

Foster Teamwork: Work cooperatively and effectively with others to set goals, resolve problem, and make decisions that enhance organizational effectiveness.

Lead: Positively influence others to achieve results that are in the best interest of the organization.

Make Decisions: Assess situations to determine the importance, urgency and risks, and make clear decisions which are timely and in the best interests of the organization

Organize: Set priorities, develop a work schedule, monitor progress towards goals, and track details, data, information and activities.

Plan: Determine strategies to move the organization forward, set goals, create and implement actions plans, and evaluate the process and results.

Solve Problems: Assess problem situations to identify causes, gather and process relevant information, generate possible solutions, and make recommendations and/or resolve the problem.

Experience

3 to 20 years of progressive financial responsibility

Working Conditions

Directors of Finance work in an office environment

Directors of Finance usually work a standard work week

Directors of Finance may be required to work some overtime hours to attend meetings of the Board and during specific periods of the accounting cycle such as the Annual Audit.

 

KeySkills  :   Taxation ,Accounting skills

Desired Candidate Profile
(UG - Any Graduate - Any Specialization) OR (PG - Any PG Course - Any Specialization)

Company Profile
Anand Organics

Anand group of Industries was established in the year 1992 by Mr. Prem Chawla. It started its first unit of production in the same year, which dealt in solvents. Since then there has been no looking back. The group grew rapidly from a one factory company to a group of industries in a very short span of time. Anand group basically deals in solvents, wood finishes, paints and putty.

Anand Organics is one of the few industries in the country which produces a wide range of thinners. Initially it catered to Bhopal and surrounding areas and eventually spread across various states in India. Anand Organics is one of the most popular brands in solvents across Madhya Pradesh and Chattisgarh. We are the most established and dependable brand in whole Madhya Pradesh and Chattisgarh.









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