Compliance and Legislation:

• Ensure accurate calculation and timely submission of VAT returns.
• Monitor changes in VAT regulations and adjust processes accordingly.
• Oversee income tax compliance, including filing returns and handling assessments.
• Coordinate with tax consultants for expert advice.
• Review contracts and financial agreements to ensure legal compliance.
• Address any legal issues related to financial transactions.

Cross-Departmental Coordination:

• Regularly communicate with operations teams to understand financial implications of business decisions.
• Align financial processes with operational needs.
• Coordinate closely with supply chain managers to optimize procurement costs.
• Streamline payment processes for suppliers.

Modernizing Accounting Systems:

• Evaluate and select accounting software that suits the organization’s requirements.
• Lead the implementation process, ensuring smooth transition.
• Establish robust data management protocols.
• Safeguard financial information against unauthorized access.

Strategic Planning:

• Contribute to annual budget preparation.
• Develop financial forecasts based on market trends and business goals.
• Analyze financial statements to identify areas for improvement.
• Provide insights for cost reduction and revenue enhancement.

Financial Reporting and Audits:

• Prepare detailed monthly financial reports, including profit and loss statements.
• Highlight key performance indicators (KPIs) for management review.
• Liaise with external auditors during annual audits.
• Address audit queries promptly.

Fund Management and Bank Transactions:

• Monitor cash flow patterns and manage working capital efficiently.
• Invest surplus funds appropriately.
• Oversee bank transactions, including payments, deposits, and reconciliations.
• Negotiate favorable terms with banking partners.

Leadership and Additional Duties:

• Mentor and guide accounting staff.
• Foster a collaborative and motivated team environment.
• Handle any special financial projects assigned by senior management.
• Adapt to changing business needs and take on new responsibilities.