The Financial Controller manages the day-to-day financial operations of Business Barbados, ensuring accurate financial reporting, effective budgeting, and compliance with financial regulations. The Financial Controller oversees accounting processes, manage financial risks, and provide insights to support strategic decision-making.
Key Responsibilities
1. Financial Reporting
- Prepare and present accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure compliance with local and international financial reporting standards.
- Provide detailed financial analysis and insights to senior management to support decision-making.
2. Accounting Management
- Oversee all accounting operations, including accounts payable, accounts receivable, general ledger, and payroll.
- Ensure accurate and timely processing of financial transactions and month-end/year-end close processes.
- Maintain and improve financial controls and accounting procedures to safeguard company assets.
3. Budgeting and Forecasting
- Coordinate the preparation of annual budgets and financial forecasts.
- Monitor and report on budget performance, identifying variances and recommending corrective actions.
- Assist in long-term financial planning and strategy development.
4. Internal Controls and Compliance
- Develop and implement internal control policies and procedures to ensure compliance with financial regulations and organizational policies.
- Conduct regular audits and risk assessments to identify and mitigate financial risks.
- Ensure compliance with tax laws and other regulatory requirements.
5. Cash Flow Management
- Monitor and manage the company's cash flow to ensure sufficient liquidity for operations.
- Oversee the management of working capital, including inventory and receivables.
- Develop cash flow forecasts and manage banking relationships.
6. Financial Systems and Processes
- Oversee the implementation and maintenance of financial systems and software.
- Ensure the accuracy and integrity of financial data and reporting.
- Identify opportunities to improve financial processes and increase efficiency.
7. Team Leadership and Development
- Lead and manage the accounting team, providing guidance, training, and development opportunities.
- Foster a collaborative and high-performance work environment.
- Set team KPI's in collaboration with the Head of Finance aligned to the business strategy.
- Conduct performance evaluations and provide feedback to team members.
8. Stakeholder Engagement
- Liaise with external auditors, regulators, and financial institutions to ensure compliance and effective financial management.
- Build and maintain relationships with key stakeholders, including vendors, customers, and partners.
- Represent the finance function in internal and external meetings as required.
9. Other Duties
- Perform any other job-related duties as assigned.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- Professional accounting qualification (e.g., CPA, ACCA) preferred.
- Minimum of 5-7 years of experience in accounting or financial management, with at least 2-3 years in a supervisory role.
- Extensive knowledge of financial reporting standards, accounting principles, and financial analysis.
Skills and Competencies
- Strong analytical and problem-solving skills.
- Excellent written and verbal communication skills.
- High level of integrity and professional ethics.
- Strong leadership and team management skills.
- Proficiency in financial software and Microsoft Office Suite.
- Ability to work independently and collaboratively.
Key Attributes
- Detail-oriented and highly organized.
- Proactive and solution-oriented approach.
- Strong interpersonal skills and ability to build relationships with stakeholders.
- Commitment to continuous professional development and staying updated with financial trends and changes.
Working Conditions
- This position operates primarily in an office environment, with occasional travel for meetings or presentations.
- Flexibility in working hours may be required to accommodate client needs or deadlines.
- Professional demeanour and adherence to confidentiality standards are essential.
