Assistant Finance Manager

The Assistant Finance Manager will primarily focus on managing banking and cash flow operations, producing analytical financial reports, conducting customer credit assessments, and supporting other finance-related tasks. The role must reflect strong analytical and problem-solving skills, combined with a solid understanding of financial principles and experience in a manufacturing setting.

Responsibilities and Duties:

Banking and Cash Flow Management

• Monitor daily cash balances and forecast cash flow to ensure liquidity and efficient use of funds.
• Manage banking relationships and oversee transactions, including fund transfers, trade facilities (including LCs and BGs), foreign exchange, and payment processing.
• Prepare and maintain short-term and long-term cash flow forecasts.
  
  
  

• Develop and maintain financial reports to support business decision-making.
• Prepare and present monthly, quarterly, and annual financial reports, including variance analysis and key performance indicators (KPIs).
• Assist in budgeting and forecasting processes by providing detailed analysis and insights.
  
  
  

• Evaluate customer creditworthiness by collecting and analysing customer credit reports, reference checks, and other relevant data.
• Recommend credit limits and terms of payment for new and existing customers.
• Monitor and manage the credit risk portfolio, ensuring compliance with company policies.
  
  
  

• Analyze manufacturing costs, margins, and profitability to provide actionable insights to management.
• Support internal and external audits by preparing required documentation and reports.
• Identify opportunities to improve financial performance and process efficiency.
  
  
  

• Collaborate with cross-functional teams to support strategic projects and initiatives.
• Stay updated on industry trends, market conditions, and relevant financial regulations.
• Perform other finance-related duties as assigned by the Finance Manager.
  
  
  

• Bachelors degree in Finance, Accounting, Economics, or a related field.
• Professional certifications (e.g., CMA, CPA, CA, or ACCA) are a plus.
  
  
  

• Minimum of 5 years in financial analysis in a manufacturing industry.