Financial Management Specialist
1 day ago
Join Prob Digital PVT LTD as a Financial Management Specialist. The estimated salary for this role is $70,000-$90,000 per year.
About the RoleWe are seeking an experienced and detail-oriented Financial Management Specialist to join our team. As a key member of our finance department, you will be responsible for managing financial records, ensuring compliance with financial regulations, and providing accurate financial information to support strategic decision-making.
Key Responsibilities- Financial Record Keeping:
- Maintain accurate records of financial transactions by ensuring proper classification and documentation.
- Reconcile financial discrepancies by collecting and analyzing account information.
- Preparation of Financial Statements:
- Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure all financial statements comply with accounting standards (e.g., IFRS, GAAP).
- Budgeting and Forecasting:
- Assist in preparing budgets and financial forecasts to guide the organization's financial planning.
- Monitor expenditures and compare them with budgets to identify variances and recommend adjustments.
- Tax Compliance:
- Prepare and submit tax returns, ensuring adherence to local tax laws and regulations.
- Stay updated on tax legislation to optimize the organization's tax position.
- Liaise with tax authorities for audits and inquiries when necessary.
- Accounts Payable and Receivable:
- Oversee and manage accounts payable and receivable functions.
- Ensure timely billing, collection of revenue, and payment of suppliers.
- Conduct credit analysis and assess risks associated with clients and vendors.
- Internal Controls:
- Implement and maintain internal controls to prevent inaccuracies in financial reporting.
- Review and recommend changes to financial procedures to enhance efficiency and security.
- Financial Analysis:
- Analyze financial data to identify trends and provide insights into financial performance.
- Support management in strategic decision-making with financial forecasts and reports.
- Auditing:
- Coordinate with external and internal auditors to facilitate periodic financial audits.
- Address and implement any recommendations made by auditors.
- Regulatory Compliance:
- Ensure compliance with financial laws and company policies.
- Prepare reports required by regulatory agencies and government bodies.
- Team Collaboration:
- Work closely with other departments to provide financial insights.
- Assist in training and mentoring junior accounting staff, if applicable.
- Education: Bachelor's degree in Accounting, Finance, or a related field. A master's degree is an added advantage.
- Certification: Chartered Accountant (e.g., ICAN, ACCA, CPA) certification is often required.
- Experience: Minimum of 3-5 years of experience in accounting or a related field.
- Proficiency: Proficiency in accounting software (e.g., QuickBooks, Sage, SAP).
- Data Analysis: Strong knowledge of Microsoft Excel and other data analysis tools.
- Analytical Skills: Excellent analytical and problem-solving skills.
- Attention to Detail: Attention to detail and high level of accuracy.
- Communication Skills: Strong communication and interpersonal skills.
- Time Management: Ability to work under pressure and meet tight deadlines.
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