Finance Manager
3 months ago
**Job Summary**:
The Finance Manager for the Rent-a-Car division will be responsible for overseeing the financial health of the company by managing all financial activities, ensuring accurate financial reporting, compliance with financial regulations, and providing insights to support the business in achieving its financial objectives. The Finance Manager will lead budgeting, forecasting, cash flow management, and performance analysis while ensuring cost-effective operations.
Key Responsibilities:
- **Financial Planning & Analysis**:
- Develop and implement financial strategies to ensure the company’s profitability and sustainability.
- Prepare annual budgets, forecasts, and financial models to support business planning.
- Analyze financial performance and variances, and provide actionable insights to management.
- Conduct profitability analysis of the rent-a-car fleet, leasing agreements, and pricing strategies.
- **Accounting & Financial Reporting**:
- Oversee the preparation of monthly, quarterly, and annual financial statements, ensuring accuracy and timeliness.
- Ensure compliance with accounting standards and relevant laws and regulations.
- Lead the month-end and year-end close processes, including reconciliations and journal entries.
- Manage accounts payable and receivable, ensuring timely payments and collections.
- **Cash Flow & Asset Management**:
- Monitor and manage cash flow to ensure sufficient funds are available for day-to-day operations.
- Oversee the management of fleet-related expenses, including purchasing, leasing, maintenance, and depreciation.
- Optimize asset utilization, including fleet management and capital expenditures.
- **Cost Control & Efficiency**:
- Implement cost-control measures across the business, including fleet management, maintenance, and operations.
- Regularly review and analyze costs to identify areas for savings and improved efficiency.
- **Compliance & Risk Management**:
- Ensure the business complies with local tax regulations, including VAT, corporate tax, and other statutory filings.
- Liaise with auditors, tax authorities, and other regulatory bodies as needed.
- Manage insurance policies for the fleet, ensuring adequate coverage and compliance with legal requirements.
- Identify financial risks and implement mitigation strategies.
- **Team Leadership & Collaboration**:
- Lead and mentor the finance team, ensuring clear communication, role clarity, and professional development.
- Collaborate with the operations and sales teams to provide financial insights and support decision-making.
- Act as a strategic partner to senior management, offering financial advice and guidance to drive business growth.
- **System & Process Improvement**:
- Implement and maintain financial management systems to ensure efficiency and accuracy.
- Continuously assess financial processes and systems, identifying areas for improvement and automation.
- Drive the digitalization of financial operations, including invoicing, payment processing, and fleet-related transactions.
- **Fleet Financing & Leasing**:
- Negotiate and manage financing and leasing agreements with banks and financial institutions for vehicle purchases and fleet expansion.
- Monitor interest rates, financial risks, and contractual obligations related to fleet financing.
- **KPI Development & Monitoring**:
- Develop and monitor key financial performance indicators (KPIs) related to fleet utilization, revenue per vehicle, cost per vehicle, and overall profitability.
- Report regularly to senior management on financial performance, trends, and improvement opportunities.
Qualifications:
- Bachelor’s degree in Finance, Accounting, or a related field (Master’s/MBA preferred).
- Professional certification such as CPA, ACCA, or CMA is highly desirable.
- Minimum 7 years of experience in finance management, preferably in the automotive or rent-a-car industry.
- Strong knowledge of financial regulations, accounting principles, and tax laws.
- Experience in fleet management, leasing, and financing is a plus.
- Excellent leadership, communication, and interpersonal skills.
- Proficiency in financial management software (e.g., SAP, Oracle, or similar ERP systems).
- Advanced skills in Microsoft Excel and financial modeling.
- Ability to work in a fast-paced environment and manage multiple priorities.
Application Question(s):
- Are you from Rent-A-Car?
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