The Finance Officer effectively provides financial advisory & control services in making sound financial decisions to grow revenues, manage profit, gain efficiencies, enhance processes, create policies and achieve over-all business objectives.
Profit Management
- Prepares regular financial management reports and analysis affecting profit.
- Identifies and recommends opportunities for profit maximization and profit sustainability.
- Implements relevant solutions to business problems
- Analyzes and interprets financial and business reports and provides insights and recommendations to help facilitate strategic decision-making.
Financial Reporting & Control
- Works closely with JWS on all aspects of financial reporting requirements.
- Coordinates with RBU store operations for any JWS financial requirements such as store funds, financial adjustments, scrap sales, late submission of documents, undocumented or unencoded transactions affecting the store P&L
- Ensures that RBU implementations of policy and process are aligned with the SBU
- Oversees spending across RBUs by monitoring and reviewing opex and capex to ensure that these are aligned, within set budget and in accordance with the set policies & guidelines.
- Evaluates & analyzes current opex & capex spending process & recommends necessary improvements.
- Creates & maintains financial information database for the RBU
Financial Advisory Services
- Provides financial advisory services to Finance Head and RBU Head
- Prepares financial analysis for new stores and renovations and ensures that all new stores are within the new store metrics guidelines set by the SBU
- Maintains & regularly updates new store financial matrix & provide enhancements if necessary to facilitate better decision making.
- Prepares store valuation for any transfer of ownership and ensure that all assumptions have been agreed with store operations
- Evaluates viability of projects involving capital spending.
- Conducts financial trainings to enhance financial competency level of operations & other divisions.
Budget Management
- Prepares sales and P&L budget for all stores in the RBU
- Ensures that all sales and P&L budget are concurred by Store Operations and aligned with SBU direction
- Ensures timeliness, completeness & accuracy of the annual budget.
- Provides adequate analytical support for the annual operating plan.
- Assists budget owners in comprehension of financial results and conduct budget orientation for a better understanding & awareness of the budget process.
- Consolidates, reviews & recommends approval of SBU budget.
- Reviews and comments on actual results against budget and provide in-depth analysis to assist top management on decision making.
- Provides monthly monitoring & analysis of the actual results vs budget to all divisions.
Risk Management:
- Ensures that all stores are adhering to the cash control and inventory management policies
- All capex and opex spending of stores are within policy
- All stores are covered by insurance.
- Store closure and Change in Ownership policies and procedures are being followed by our stores
- Actively participates in Corporate Audit projects and requirements
JOB QUALIFICATIONS
Education: College graduate, preferably with a course of BS Accountancy or any Finance-related course.
Experience: At least 3 years of working experience in Finance Planning or Budgeting or Controllership
Skills and Essential Traits:
- Proficient in MS Excel and Powerpoint
- Possesses good verbal and written communication skills
- Flexibility in handling a diverse set of clients
