Head of Finance

HEAD OF FINANCE

JOB SUMMARY

The Head of Finance is responsible for overseeing the financial management, planning, reporting, controls, and overall financial health of Sizanid Staffing.

The role provides executive oversight of the company's financial activities, including budgeting, accounting, cash flow management, financial reporting, payroll coordination, revenue monitoring, expenditure control, and financial compliance. The Head of Finance works closely with the Managing Director and other members of Executive Management to support sound financial decision-making and sustainable business growth.

KEY RESPONSIBILITIES

1. Financial Strategy & Planning

• Develop and implement financial strategies aligned with the company's business objectives.
• Advise the Managing Director and Executive Management on financial matters.
• Prepare annual financial plans, budgets, and forecasts.
• Monitor the company's financial performance against established objectives.
• Identify financial risks, opportunities, and areas for cost optimization.
• Provide financial insights to support strategic business decisions.

2. Budget Management

• Develop and coordinate the company's annual budgeting process.
• Prepare departmental budgets in collaboration with department heads.
• Monitor actual expenditure against approved budgets.
• Investigate significant budget variances and recommend corrective actions.
• Ensure departmental spending remains within approved limits.
• Review and update financial forecasts when necessary.

3. Financial Reporting

• Prepare accurate and timely monthly, quarterly, and annual financial reports.
• Provide management with financial statements and performance reports.
• Analyze revenue, expenses, profitability, cash flow, and financial trends.
• Present financial reports and recommendations to the Managing Director and Executive Management.
• Maintain accurate and complete financial records.

4. Cash Flow & Treasury Management

• Monitor the company's cash flow and liquidity position.
• Develop cash flow forecasts and plans.
• Monitor receivables, payables, and outstanding client balances.
• Ensure sufficient funds are available to meet operational obligations.
• Monitor bank accounts and financial transactions.
• Develop strategies for effective working-capital management.

5. Revenue & Receivables Management

• Monitor revenue generated across the company's services.
• Ensure invoices are accurately prepared and issued on time.
• Monitor client payments and outstanding receivables.
• Work with the Sales and Operations teams to address payment-related issues.
• Develop effective processes for collections and debt management.
• Provide regular reports on revenue and outstanding balances.

6. Expenditure & Cost Control

• Monitor company expenditure and operating costs.
• Review major purchases and expenditure requests.
• Establish appropriate financial controls and approval procedures.
• Identify opportunities to reduce unnecessary costs without compromising service quality.
• Ensure expenses are properly documented, authorized, and recorded.
• Monitor adherence to financial policies.

7. Payroll & Employee Compensation

• Oversee the financial aspects of employee payroll processing.
• Ensure payroll information is accurate and properly authorized.
• Coordinate with HR regarding salaries, allowances, commissions, benefits, deductions, and other employee payments.
• Ensure payroll-related records are properly maintained.
• Support compliance with applicable payroll and employment requirements.

8. Financial Controls & Risk Management

• Establish and maintain effective financial controls.
• Monitor financial processes to reduce errors, fraud, and financial risks.
• Conduct regular reviews of financial transactions and processes.
• Identify financial risks and recommend appropriate mitigation measures.
• Ensure proper authorization and segregation of financial responsibilities.
• Protect company financial assets and information.

9. Tax & Regulatory Compliance

• Ensure the company meets applicable tax and financial reporting obligations.
• Coordinate with relevant tax authorities, auditors, and professional advisors where required.
• Maintain appropriate tax and financial documentation.
• Monitor changes in relevant financial and tax requirements.
• Ensure financial records are prepared and maintained in accordance with applicable standards.

10. Audit & Financial Governance

• Coordinate internal and external financial audits.
• Provide auditors with required financial records and supporting documentation.
• Address audit findings and implement agreed corrective actions.
• Maintain appropriate financial policies, procedures, and documentation.
• Promote transparency, accountability, and good financial governance throughout the organization.

11. Financial Systems & Process Improvement

• Oversee the effective use of accounting and financial management systems.
• Ensure financial data is accurate, secure, and properly maintained.
• Improve financial processes through technology and automation where appropriate.
• Establish standardized financial procedures and documentation.
• Regularly review financial workflows and recommend improvements.

12. Executive Management Support

• Work closely with the Managing Director and other members of Executive Management.
• Provide financial analysis for major business decisions and investments.
• Evaluate the financial implications of new services, projects, contracts, and partnerships.
• Support strategic planning and business expansion initiatives.
• Provide financial recommendations based on accurate and relevant data.

KEY PERFORMANCE INDICATORS (KPIs)

The Head of Finance may be measured using:

• Revenue growth
• Profitability
• Budget accuracy
• Budget variance
• Cash flow performance
• Accounts receivable collection rate
• Outstanding receivables
• Expense control
• Payroll accuracy
• Timeliness of financial reporting
• Financial reporting accuracy
• Tax and regulatory compliance
• Audit performance
• Financial control effectiveness
• Cost savings and efficiency improvements
• Achievement of financial objectives

QUALIFICATIONS

• Bachelor's degree in Accounting, Finance, Economics, Business Administration, or a related field.
• Professional accounting qualification such as ACCA, CIMA, ICA, CPA, or equivalent is strongly preferred.
• Master's degree in Finance, Accounting, Business Administration, or a related field is an advantage.
• 5–8 years of relevant experience in finance, accounting, financial management, or a related field.
• Demonstrated experience managing organizational finances and financial reporting.
• Experience in an HR, recruitment, staffing, consulting, or professional services environment is an advantage.

REQUIRED SKILLS & COMPETENCIES

• Financial management
• Financial planning and analysis
• Budgeting and forecasting
• Accounting and financial reporting
• Cash flow management
• Cost control
• Tax and regulatory compliance
• Financial risk management
• Audit management
• Payroll management
• Data analysis
• Financial systems and software
• Strategic thinking
• Decision-making
• Attention to detail
• Problem-solving
• Communication and presentation
• Confidentiality and professional ethics

CORE VALUES

The Head of Finance is expected to demonstrate:

• Integrity
• Accuracy
• Accountability
• Transparency
• Professionalism
• Confidentiality
• Excellence
• Efficiency
• Compliance
• Continuous Improvement

WORKING RELATIONSHIPS

The Head of Finance will work closely with:

• Managing Director
• Executive Management
• Head of Operations
• Head of Sales
• HR & Recruitment Team
• Business Development Team
• Marketing Team
• Administrative Team
• Clients and Business Partners
• External Auditors
• Tax and Financial Advisors
• Relevant Regulatory Authorities

ROLE EXPECTATIONS

The Head of Finance is expected to maintain strong financial controls, ensure accurate and timely financial reporting, protect the company's financial resources, support regulatory compliance, provide reliable financial insights to Executive Management, and contribute to the sustainable financial growth of Sizanid Staffing.