Role and Responsibilities:
• Prepare the long term business projection plan and assist the CAO in presenting the same to the Board for approval
• Review basis for assumptions and methods used in developing the long term business projection plan.
• Review long term business projection plan against actual business performance on a periodic basis
• Highlight key findings and variances based on long term business projection plan review to CAO
• Manage the budget preparation, finalisation and approval process and monitor changes to budget
• Prepare reports/ statements clearly outlining the budget and assist the CAO in presenting to the Board for approval
• Oversee and monitor adherence to budget
• Analyse and highlight significant variances and suggest corrective actions to address deviations from budget to the management team
• Identify, discuss and review cost control measures during budget meeting and monthly financial review meeting
• Manage cash flow by monitoring the inflows and outflows
• Review and finalise policies, processes, management accounting/ decision support manuals and SOPs for budgeting, budgetary controls and budget variance analysis
• Identify areas for improvements in policies, processes, management accounting/ decision support manuals and SOPs for budgeting, budgetary controls and budget variance analysis
• Prepare periodic and ad-hoc financial analysis and business analysis, including financial modelling, profit improvement analysis, cost saving analysis, etc.
• Review business analysis to ensure the completeness and quality of information in the daily sales report and monthly management book
• Advise department heads in decision making/ corrective action based on analysis and interpretation of operating results from a business and financial perspective
• Identify and implement key improvements on management reporting framework