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Introduction to the Dy. Manager Financial Operations Job – Online Apply 2024

The role of Dy. Manager Financial Operations Job, offers a chance to manage crucial financial activities within a dynamic company. This position requires strong analytical skills, attention to detail, and a comprehensive understanding of financial operations, reporting, and tax compliance. If you have the necessary qualifications and experience, you can apply online for this role in 2024.

In this blog post, we will outline the key responsibilities, qualifications, and skills required for this position. Whether you are an experienced professional or someone looking for the next big step in your financial career, this role might be the perfect fit for you.

Key Responsibilities of Dy. Manager Financial Operations

The Dy. Manager Financial Operations plays a critical role in ensuring that all financial records are accurate and compliant with legal standards. Following are the primary duties involved in this position.

1. Financial Record Management

Maintain accurate financial records, including bills, journal entries, and reconciliations.
Ensure completeness of records for various stakeholders such as vendors, employees, customers, and banks.
Timely management of financial documents to avoid discrepancies.

2. Statutory Reporting and Compliance

Prepare monthly, quarterly, and annual financial closing reports.
Ensure that all financial reports comply with corporate laws and International Financial Reporting Standards (IFRS).
Handle statutory reporting efficiently to avoid any legal issues.

3. Tax Compliance and Management

Manage all tax-related activities, including withholding taxes and sales taxes.
Ensure the timely submission of taxes to the government treasury.
Stay updated with changing tax laws to maintain compliance.

4. Account Reconciliation and Payable Management

Verify schedules for payables, receivables, advances, and prepayments on a monthly basis.
Ensure proper aging of these accounts for financial accuracy.

5. Fixed Assets Management

Maintain the Fixed Assets Register for accurate classification of company assets.
Ensure timely monthly depreciation and amortization of these assets.

6. Preparation of Financial Statements

Prepare and review financial statements for the CFO, CEO, and auditors.
Perform horizontal and vertical analyses to provide insights into financial performance.

7. ERP System Improvement

Suggest improvements to ERP systems for better workflow and process automation.
Collaborate with internal auditors, consultants, and stakeholders to ensure these improvements are implemented effectively.
Experience with Oracle NetSuite or similar ERP systems is highly valuable in this role.

8. Payment Processing

Process payments to local vendors and employees promptly.
Ensure accuracy in cheque and electronic transfer processes to avoid payment delays.

9. Stakeholder Coordination

Manage relationships with internal and external stakeholders such as banks, tax advisors, and auditors.
Resolve any financial or reporting issues that arise efficiently and professionally.

10. Cash Flow and Fund Management

Ensure cash flow is managed effectively to support the company’s financial operations.
Maintain sufficient liquidity to meet financial obligations.

Qualifications for Dy. Manager Financial Operations

The position of Dy. Manager Financial Operations Job, demands highly qualified individuals with specific educational backgrounds and professional experience. Below are the qualifications required for this role.

1. Educational Background

A Chartered Accountant (CA) or Association of Chartered Certified Accountants (ACCA) certification is mandatory.
Completion of an article period (training period) is also required.

2. Experience Requirements

A minimum of 7 years of experience, including the article period, is essential.
This experience should involve financial operations, statutory reporting, tax compliance, and audit under IFRS, IAS, and the Companies Act 2017.

3. ERP Systems Knowledge

Advanced experience with ERP systems is critical for this role, with Oracle NetSuite being preferred.
The role involves automating manual processes, so experience in financial process automation is a key advantage.

4. Financial Reporting and Compliance

Proficiency in preparing and managing statutory financial reports.
A deep understanding of IFRS standards and tax regulations is necessary.

5. Analytical and Detail-Oriented

The role requires strong analytical skills to ensure financial accuracy.
Attention to detail is crucial for maintaining correct records and making financial decisions.

6. Communication and Collaboration

Strong communication skills are required to coordinate with various stakeholders.
Ability to work effectively with internal teams and external partners like banks, auditors, and tax advisors.

7. Proficiency in MS Excel

Advanced knowledge of MS Excel is needed for financial analysis and reporting.

Skills Needed for Success

To excel in the Dy. Manager Financial Operations Job, online apply 2024, candidates must possess a combination of technical and interpersonal skills. Here are some of the skills that are essential:

Financial Expertise: Deep understanding of financial management, statutory reporting, and compliance.
Technological Proficiency: Advanced skills in ERP systems like Oracle NetSuite to automate processes and enhance efficiency.
Analytical Mindset: The ability to perform detailed financial analyses to support business decisions.
Attention to Detail: Ensuring accuracy in financial statements and processes.
Collaboration Skills: The ability to work with diverse teams, both internally and externally.
Tax Knowledge: Familiarity with current tax laws and the ability to manage tax submissions on time.

Why This Role is Important

The Dy. Manager Financial Operations role is vital to the smooth running of a company’s financial department. This role ensures that financial records are accurate, that the company complies with legal standards, and that payments and tax submissions are made on time. Managing cash flows effectively also ensures that the company can meet its financial obligations without facing liquidity issues.

Moreover, by streamlining ERP systems and automating manual processes, this role helps improve overall business efficiency. This saves time and resources, allowing the company to focus on growth and development.

How to Apply for Dy. Manager Financial Operations Job – Online Apply 2024

If you meet the qualifications and are ready to take on this challenging and rewarding role, you can apply online for the Dy. Manager Financial Operations Job in 2024. Make sure to prepare your resume, highlighting your experience in financial operations, tax compliance, and ERP systems.

Important Details:

Age Limit: 45 years
Minimum Experience: 7 years
Vacancies Available: 1 position
Application Deadline: 29th October 2024

To apply, ensure that your CV is updated and that you clearly demonstrate your experience and skills related to financial operations, ERP systems, and statutory reporting. The online application process is simple and allows you to submit your information conveniently.

Online Apply

Conclusion

The Dy. Manager Financial Operations Job, is an excellent opportunity for experienced financial professionals looking to make a significant impact in their next role. With responsibilities ranging from financial record management to tax compliance and ERP system improvement, this role is both challenging and rewarding. If you have the qualifications and skills outlined in this blog post, don’t miss out on the chance to apply for this exciting position in 2024.