Senior Finance Manager – Commercial Bank

Description:

Job Purpose

The Senior Finance Manager will lead the finance department, providing strategic direction, financial expertise, and leadership to drive the bank’s financial performance and ensure compliance with regulatory requirements and accounting standards.

Summary of Key Responsibilities

• Develop and implement financial strategies, policies, and plans aligned with the bank’s goals, objectives, and vision.

• Provide leadership and direction to the finance team, including financial managers, analysts, and accountants, to achieve departmental and the bank’s objectives.

• Oversee all financial operations, including budgeting, forecasting, financial reporting, cash flow management, and risk management.

• Manage the annual budgeting process, working closely with department heads and senior management to develop and review budgets, forecasts, and financial plans.

• Monitor financial performance against budget, forecast, and key performance indicators (KPIs), analyzing variances and trends and providing insights and recommendations to improve financial results.

• Ensure timely and accurate preparation of financial statements, reports, and disclosures in accordance with accounting principles, regulatory requirements, and internal policies.

• Coordinate and liaise with external auditors, tax authorities, and regulatory agencies to ensure compliance with financial reporting and tax obligations.

• Develop and maintain effective internal controls, policies, and procedures to safeguard assets, mitigate risks, and ensure integrity and accuracy in financial reporting and operations.

• Assess and manage financial risks, including currency exchange risk, interest rate risk, credit risk, and market risk, and implement strategies to mitigate and manage these risks effectively.

• Lead financial analysis and modeling initiatives to support strategic decision-making, investment evaluation, and business planning processes.

• Evaluate and optimize capital structure, financing options, and investment opportunities to maximize shareholder value and support growth initiatives.

• Provide financial insights and guidance to senior management and the board of directors, presenting financial performance, forecasts, and recommendations at meetings and presentations.

• Lead mergers and acquisitions (M&A) activities, including due diligence, valuation, negotiation, and integration efforts, to support strategic growth and expansion initiatives.