Finance Officer job description
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What does a Finance Officer do?
The Finance Officer is responsible for managing the financial health of the organization by overseeing budgeting, reporting, and compliance. This role is crucial in ensuring accurate financial planning and analysis to support strategic decision-making.
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What are the Key Responsibilities of Finance Officer
- Prepare and monitor budgets to ensure financial efficiency.
- Conduct regular financial analysis and reporting.
- Ensure compliance with financial regulations and standards.
- Manage accounts payable and receivable processes.
- Coordinate audits and liaise with external auditors.
- Develop strategies for cost reduction and revenue enhancement.
What are the Skills and Requirements for a Finance Officer?
- Strong understanding of accounting principles and financial regulations.
- Proficient in accounting software such as QuickBooks or SAP Financials.
- Excellent analytical skills with attention to detail.
- Effective communication skills for presenting data.
What are the KPIs to track for Finance Officer?
The Finance Officer's performance is evaluated based on accuracy in budget management, timely completion of reports, adherence to regulatory requirements, and successful implementation of cost-saving measures without compromising quality or service delivery standards.
Budget Management
Accuracy in forecasting budgetary needs.
Financial Reporting
Timeliness in delivering monthly/quarterly reports.
Regulatory Compliance
Adherence to all relevant finance laws
Reports to
Chief Financial Officer (CFO)
Collaborates with
Department Heads, External Auditors
Leads
Are any specific tools or software required for the Finance Officer role?
- QuickBooks
- SAP Financials
What is the qualification of Finance Officer?
Bachelor's degree in Finance or Accounting; 3-5 years experience in a similar role within a corporate environment.
