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Position Overview:
As a Management Accountant, you will be responsible for providing financial insights, analysis, and support to aid decision-making and ensure effective financial management within the organization. You will play a crucial role in budgeting, forecasting, financial reporting, and strategic planning to optimize financial performance and drive business growth.
Key Responsibilities:
Financial Reporting and Analysis:
• Prepare accurate and timely financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Analyze financial data, identify trends, variances, and areas for improvement, and provide meaningful insights to senior management.
• Assist in the preparation of management reports, presentations, and board meeting materials.
• Budgeting and Forecasting:
• Collaborate with department heads and senior management to develop annual budgets and financial forecasts.
• Monitor actual performance against budgets and forecasts, identify deviations, and provide explanations and recommendations.
• Support the budgeting process by gathering and analysing financial data, conducting cost analysis, and ensuring budgetary compliance.
Cost Analysis and Control:
• Analyze costs across different departments, projects, and operations, identifying areas for cost reduction and efficiency improvement.
• Develop and maintain cost accounting systems and processes to accurately track and allocate expenses.
• Monitor and report on project costs, ensuring adherence to budgetary constraints.
Financial Planning and Strategy:
• Contribute to the development and implementation of financial strategies, policies, and procedures to enhance profitability and operational efficiency.
• Provide financial insights and recommendations to support strategic decision-making.
• Conduct financial modelling, scenario analysis, and feasibility studies for potential investment opportunities.
Compliance and Risk Management:
• Ensure compliance with relevant financial regulations, accounting standards, and tax laws.
• Assist in the preparation of audit schedules and liaise with auditors during financial audits.
• Identify and assess financial risks, propose risk mitigation strategies, and establish internal
controls.