Financial Operations Manager
3 days ago
This role is responsible for overseeing the financial operations of ARK Products. Reporting directly to the President, you will be accountable for maintaining accurate financial records, implementing effective financial controls, and providing strategic guidance to support the company's growth objectives.
Key Responsibilities:
- Financial Reporting and Analysis:
- Prepare monthly, quarterly, and annual financial statements in accordance with GAAP.
- Conduct variance analysis to identify trends, risks, and opportunities for improvement.
- Provide insightful financial analysis to support strategic decision-making by the executive team.
- Oversee the day-to-day bookkeeping activities, including accounts payable, accounts receivable, and outsourced payroll.
- Ensure accurate and timely recording of financial transactions in the general ledger.
- Reconcile balance sheet accounts and investigate and resolve any discrepancies in a timely manner
- Prepare monthly, quarterly, and annual financial statements in accordance with GAAP.
- Develop and lead the annual budgeting process in collaboration with department heads and senior management.
- Develop rolling forecasts to support operational planning and resource allocation.
- Monitor actual financial performance against budget and forecast, and provide recommendations for adjustments as needed.
- Manage cash flow projections and liquidity needs to support daily operations and strategic initiatives.
- Monitor banking activities and optimize cash balances to maximize returns and minimize costs.
- Oversee the administration of banking relationships, including negotiation of credit facilities and other financing arrangements.
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Financial Operations Manager
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