Roles And Responsibilities
As an Accountant and Finance Manager, you are broadly responsible for planning, managing, and overseeing all financial and accounting activities of the company. You play a critical role in preparing financial reports, conducting financial analysis, managing taxation, ensuring internal controls, and supporting strategic decisions that impact the profitability of the business.
Financial Management and Control
- Prepare, manage, and monitor the annual budget.
- Control daily operational expenses of restaurants/cafés/food production facilities to align with the budget.
- Analyze daily, weekly, and monthly cash flow to ensure business liquidity.
- Prepare financial forecasts, including projections of sales, costs, and profits.
Preparation and Review of Financial Reports
- Prepare monthly management reports
- Analyze financial reports to identify opportunities for cost savings or improved profitability.
- Provide insights and recommendations based on financial reports to the Chief Executive Officer.
Supervision of the Accounting and Finance Team
- Lead and supervise the Accounting and Finance team (including Staff, Supervisors, and all members of the division).
- Develop and implement Standard Operating Procedures (SOPs) related to financial and accounting transactions.
- Train and guide the team to understand and follow the company's financial systems and policies.
Tax Management and Compliance
- Ensure tax reporting (Income Tax, VAT, Restaurant Tax) is submitted on time and in accordance with regulations.
- Coordinate with tax consultants or external auditors when necessary.
- Prepare data required for audits and annual reporting.
Internal Financial Control and Risk Management
- Develop and oversee the internal control system to prevent fraud
- Conduct regular internal audits.
Operational Support
- Assist the operations division in preparing and analyzing
- Provide analysis to determine whether an outlet is profitable (profit center analysis).
External Relations
- Liaise with banks regarding credit facilities or other financial transactions.
- Communicate with external auditors, vendors, and other financial institutions as needed.