The primary objective is to enable the company's management to make well-informed business decisions and achieve corporate goals. The Finance Manager position is responsible for managing and executing all financial reporting requirements for Germany.
* Reports to the Regional Finance Manager Europe and the Country Manager Germany.
* Works closely with local office management.
* Point of contact for:
auditors and tax advisors, legal department, BPO (Business Process Outsourcing) team, internal audits, external audits.
Key Responsibilities
* Accounts receivable and payables / Creditors and liabilities
* Ongoing monitoring and improvement of the credit control process efficiency
* Ensuring timely payments to creditors and avoiding payment delays from debtors
* Ensuring proper administrative processes
* Monitoring intercompany receivables to avoid rejected invoices
* Clearing of overdue accruals
Cash Flow Management
* Managing incoming/outgoing payments based on priority and reliability. Maintaining the cash position at a minimum required level.
* Meeting payment deadlines for customs fees and communicating information about involved customers and timeframes to regional management.
Legal and Tax
* Responsible for compliance with statutory requirements
* Managing contractual agreements in coordination with the legal department (when necessary)
* Reporting risks and liabilities to executive/regional management
* Ensuring compliance with VAT, income tax, and social security contributions
* Preparing for internal and external audits
Reporting
* Preparing/validating reports. Ensuring consistency across various periodic reports. Meeting company deadlines for weekly, monthly, quarterly, and annual reports
* Validated P&L reporting in line with corporate policies
* Managing liabilities (e.G., provision for bad debts), including internal companies and agents
* Monthly cost reporting and budget tracking. Highlighting variances and risks
* Ensuring accurate management reporting by completing all system entries (correct specification of containers and freight forwarders) before month-end close, in close collaboration with departments
* Bank reconciliations (matching balances in books and bank), equity variances, AR/AP balance reporting, intercompany sales and purchases