Account Head ( Manufacturing Company)

Job Description

Vacancy Announement” Account Head for Manufacturing Company in Chitwan, Nepal.

-Details:

Post: Account Head

Location : Chitwan, Nepal

Salary: Negotiable

Education: Master Complete

Experience: 4 years of experience as an Account Head in manufacturing company

-Key Roles and Responsibilities:

1. Prepare and present accurate financial statements, including balance sheets, profit & loss statements, and cash flow statements, in line with NFRS, applying advanced Excel tools for costing systems across different products.
2. Ensure timely and accurate monthly, quarterly, and annual financial reporting.
3. Analyze financial data to identify trends, variances, and areas for improvement.
4. Provide financial insights and strategic recommendations to senior management for decision-making.
5. Coordinate with external auditors to facilitate annual audits and ensure audit readiness.
6. Lead the preparation of annual budgets and periodic forecasts in collaboration with department heads.
7. Monitor budget vs. actual performance, identify variances, and provide detailed explanations.
8. Implement cost control measures and monitor cost-saving initiatives.
9. Assist in long-term financial planning and strategy development to support organizational growth.
10. Oversee accounts payable and receivable functions, ensuring timely payments and collections.
11. Review and approve payment requests, invoices, and vendor statements.
12. Develop and manage credit control policies and procedures to minimize bad debts and improve cash flow.
13. Ensure timely reconciliation of accounts and resolve discrepancies.
14. Monitor and manage cash flow to ensure sufficient liquidity.
15. Prepare cash flow projections and optimize working capital.
16. Oversee bank reconciliations and manage relationships with banking partners.
17. Develop, implement, and monitor internal controls to safeguard assets and ensure the accuracy of financial records.
18. Ensure compliance with accounting standards, tax regulations, and company policies.
19. Ensure timely and accurate filing of tax returns and compliance with statutory obligations.
20. Monitor inventory levels and ensure accurate valuation of inventory.
21. Collaborate with production, sales, and procurement teams to manage inventory turnover and minimize obsolescence.
22. Implement inventory control measures and perform periodic stock audits.
23. Foster a culture of continuous improvement and professional development within the team.
24. Provide guidance, support, and mentorship to team members to enhance their performance.
25. Oversee the implementation and maintenance of accounting software; experience with ERP systems is preferred.
26. Ensure the accuracy and integrity of financial data within the accounting system.
27. Collaborate with IT to resolve system issues and implement necessary upgrades.
28. Act as the primary point of contact for auditors, tax authorities, banks, and other financial institutions.
29. Prepare and provide financial reports to external stakeholders as required.
30. Maintain effective communication with suppliers, customers, and service providers.
31. Perform any other responsibilities as assigned by manageme