The Accounting Manager will lead and manage the accounting department to ensure optimal performance and compliance with financial regulations. This role involves strategic planning, financial reporting, and team development to support the company's financial health and growth objectives.
Responsibilities:
1. Leadership and Team Management:
- Direct and oversee the accounting department, ensuring optimal performance.
- Develop and maintain a highly motivated and skilled accounting team through recruitment, training, and continuous development.
- Conduct regular team meetings to review processes, address challenges, and streamline operations.
2. Financial Reporting and Compliance:
- Develop and implement robust financial policies and procedures that comply with legal standards and align with corporate goals.
- Develop annual budgets and forecasts, monitor performance against budget, previous year, and report variances to management team.
- Manage the preparation and maintenance of regular financial planning reports; Monthly profit and loss forecast by division (full P&L up to net income).
- Ensure accuracy and timeliness of all financial and management reporting data for the company.
3. Accounts Receivable and Payable Management:
- Oversee the accurate processing of receivables/payables, payroll, and financial journals.
- Enhance and implement financial systems, processes, tools, and control systems to improve the overall operation and effectiveness of the corporation.
4. Cash Flow Management:
- Develop, execute, and manage cash flow planning to ensure availability of funds as needed.
- Monitor and analyze monthly operating results against budget.
5. Sales and Revenue Oversight:
- Collaborate closely with the sales department to align financial management with short and long-term financial planning and projections.
- Review and optimize financial and operational strategies
6. Audit and Taxation:
- Serve as a key point of contact for both external & internal auditors; manage preparation and support of all external audits.
- Coordinate with tax advisors and oversee the preparation and filing of all local, state, and federal tax returns.
7. Strategic Advising:
- Provide strategic advice to the management team on financial matters impacting the company.
- Participate in key decisions as a member of the executive management team.
8. Regulatory Compliance and Internal Controls:
- Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting.
- Review and ensure application of appropriate internal controls, compliance, and financial procedures.
9. Other Responsibilities:
- Participate in pivotal decisions as they relate to strategic initiatives and operational models.
- Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
- Identify areas for process improvement within the accounting department and implement solutions to enhance efficiency and accuracy.
- Other tasks which are required by the management team.
