Account Manager

Roles and Responsibilities of an Accounts Manager

1. Financial Management and Reporting

• Oversee daily accounting operations such as accounts payable, accounts receivable, and payroll.
• Prepare and present accurate financial reports, including profit and loss statements, balance sheets, and cash flow analyses.
• Ensure timely reconciliation of accounts and bank statements.

2. Budgeting and Forecasting

• Develop, monitor, and manage budgets in coordination with senior management.
• Create financial forecasts to support strategic planning and decision-making.
• Analyze variances between actual and budgeted figures and provide insights.

3. Compliance and Tax Management

• Ensure compliance with financial regulations and accounting standards (e.g., GAAP/IFRS).
• Manage tax filings, including GST, VAT, and corporate taxes, ensuring timely and accurate submissions.
• Liaise with external auditors and implement audit recommendations.

4. Team Leadership and Development

• Supervise and guide the accounts team to ensure efficient performance.
• Provide training, mentorship, and development opportunities for team members.
• Delegate tasks effectively and monitor progress to meet deadlines.

5. Process Optimization

• Identify and implement improvements in accounting processes and systems.
• Automate workflows to enhance efficiency and accuracy.
• Maintain and upgrade accounting software as needed.

6. Risk Management

• Monitor financial risks and recommend appropriate mitigation strategies.
• Manage credit risks by assessing customer creditworthiness and establishing credit policies.
• Ensure adequate internal controls are in place to safeguard company assets.

7. Stakeholder Collaboration

• Collaborate with other departments to provide financial guidance and insights.
• Communicate financial results and recommendations to senior management.
• Build strong relationships with external stakeholders, including banks, auditors, and regulatory bodies.

8. Financial Strategy Support

• Assist in the formulation of the company's financial strategy.
• Provide insights on cost control, revenue enhancement, and investment opportunities.
• Support decision-making through detailed financial analysis and forecasting.

9. Reporting and Documentation

• Maintain accurate and up-to-date financial records for internal and external audits.
• Ensure all financial transactions are documented and recorded appropriately.
• Prepare detailed reports and presentations for management and board meetings.

10. Regulatory and Legal Adherence

• Stay updated on changes in accounting and financial regulations.
• Ensure the organization complies with legal and regulatory requirements in all financial matters.nsibilities