NewWave HQ

Finance Manager

Job ID 2020-1562

Overview

The Financial Business Manager provides day-to-day leadership for finance, accounting and administrative functions. This position’s responsibilities include oversite of accounting, relationships with teaming partners, subcontractors and technology consultants and financial risk management. The Financial Business Manager recommends and implements methods for increasing the program’s efficiency and profitability. They analyze the company’s business model and finances and they use their findings to make suggestions for improvement regarding everything from budget and operations to management.  They often work as liaisons between multiple teams including customer service, product development and management.

 

 

Responsibilities

  • Perform Financial Analysis

Conduct complex financial analysis to determine present and future performance. Documenting all data and findings thoroughly, the Financial Business Manager presents findings to appropriate management personnel. Financial forecasting is a crucial part of this process and is used to aid in budget creation.

 

  • Create Budgets

Evaluates previous budgets, expenditures, and operational efficiency together with results of overall financial analysis in order to develop and implement future budgets. They monitor a company’s expenditures and profits regularly, ensuring cost effectiveness and making recommendations to management to maximize profits.

 

  • Advise Businesses

Using results from financial and budget analysis data, the Financial Business Manager communicates results and presents business recommendations to upper and executive-level management staff. These recommendations may include cost reduction measures, revenue generation ideas, and ways to streamline operations or increase customer satisfaction.

 

  • Provide Training

As the resident expert in the company’s finances and business operations, the Financial Business Manager provides financial training and business education to the company’s employees. This training is not comprehensive but rather covers concepts that are relevant to the completion of their jobs and will aid in the overall efficiency of the company. The Financial Business Manager may also train less experienced financial analysts.

 

 

Financial Business Manager Skills:

Highly detail-oriented, possess strong analytical abilities and a quantitative background. In addition to these skills, they must also be great communicators in order to work with, educate, and advice other teams. With the ultimate goal of increasing productivity for the entire company, Financial Business Manager are phenomenal leaders and highly motivated.

Core skills:

  • Having financial or business analysis experience
  • Proving strong quantitative abilities
  • Demonstrating proficiency in Microsoft Office programs, such as Excel and PowerPoint
  • Showing knowledge of standard accounting procedures

 

Major Responsibilities:

  • Oversee all accounts, ledgers and reporting systems, ensuring regulatory compliance with government requirements.
  • Maintains internal controls and safeguards for receipt of revenue, costs, program budgets and actual expenditures.
  • Prepares and presents finance reports and metrics, communicating critical financial matters to leadership.
  • Coordinates the annual audit.
  • Develop financial plan and oversee financial budgeting and forecasting for the business.
  • Manage business development activities according to financial plan to achieve profitability and revenue.
  • Modify financial plan and budget amount based on the changes in business plans.
  • Assist in the preparation of capital budgets for the business units.
  • Develop profit and loss plan to ensure maximized returns and profit targets.
  • Manage the profit and loss statements and cash and balance sheet to ensure the financial integrity.
  • Review the actual results against the budgeted goals to identify and correct accounting issues and variances.
  • Support key decision maker for financial related commitments in business projects.
  • Enhance the financial processes for profitability and revenue growth.
  • Inspect and approve all vendor contracts and account expenses of the program.
  • Manage a finance team for the delivery of monthly targets successfully.
  • Support process improvement initiatives to achieve financial goals.

Qualifications

  • Proactive and resourceful in an entrepreneurial environment
  • Exceptional communication and relationship building skills
  • Demonstrated maturity and seasoned judgement. Ability to make decisions, justify recommendations and be responsible and clear with stakeholders
  • Experience with tax reporting, audit and legal compliance for non-profit organizations
  • Proven financial analytical skills including ability to identify risks, opportunities, trends and relationships
  • Proficiency in Excel
  • At least 5-7 years of professional experience in accounting, financial and government contracting
  • Minimum of BA, CPA and/or MBA preferred

 

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