Assistant Financial Controller

Overseeing the daily accounting operations, ensuring accurate financial reporting, Taxes and managing a team of accountants. Play a crucial role in maintaining financial health by enforcing policies, streamlining processes, and ensuring compliance with regulations

Detailed responsibilities

1. Financial Reporting:

• Oversee the preparation of accurate and timely financial statements in accordance with relevant accounting standards (GAAP, IFRS, etc.).

• Review and approve journal entries, reconciliations, and adjustments.

• Provide financial reports to senior management, highlighting key trends and performance indicators.

• Coordinate with external auditors during audits and provide necessary documentation.

2. Month-End and Year-End Close:

• Manage and oversee the month-end close process, ensuring all entries are complete and accurate.

• Prepare and review general ledger account reconciliations.

• Ensure that closing schedules are met and financial results are reported in a timely manner.

3. Internal Controls and Compliance:

• Develop, implement, and maintain internal controls to safeguard company assets.

• Ensure compliance with internal policies and relevant regulations (tax laws, reporting standards, etc.).

• Stay updated on changes in accounting standards and regulatory requirements and implement changes as needed.

• Coordinate and support external and internal audits

4. Accounts Payable and Receivable:

• Oversee the accounts payable and receivable processes to ensure timely and accurate billing and collections.

• Monitor vendor and customer account reconciliations.

• Ensure the company meets payment deadlines and optimizes cash flow management.

5. Tax Reporting and Compliance:

• Manage the preparation and filing of tax returns (income tax, VAT, sales tax, etc.).

• Ensure compliance with local, state, and federal tax laws.

• Liaise with tax advisors and external auditors regarding tax matters and audits.

6. Process Improvement:

• Evaluate existing accounting processes and identify opportunities for efficiency improvements.

• Implement best practices in accounting and financial management.

• Lead or participate in the implementation of new accounting systems or software.

7. . Team Management:

• Supervise and mentor accounting staff, ensuring that team members are trained and developed.

• Provide performance feedback and manage the performance appraisal process.

• Allocate tasks and workloads within the department to ensure efficiency and accuracy.