Finance Officer Job Description

Job Brief:

We are seeking a detail-oriented and analytical Finance Officer to join our finance team. As a Finance Officer, you will be responsible for managing financial transactions, preparing financial reports, and ensuring compliance with accounting standards and regulations. The ideal candidate has a strong understanding of financial principles, excellent numerical skills, and the ability to work effectively in a fast-paced environment.

Responsibilities:

• Manage accounts payable and accounts receivable processes, including invoicing, payments, and collections.

• Prepare and maintain accurate financial records, ledgers, and journals.

• Assist in the preparation of financial statements, reports, and budgets.

• Conduct financial analysis and forecasting to support decision-making processes.

• Ensure compliance with accounting standards, regulations, and internal policies.

• Assist with internal and external audits, including the preparation of audit schedules and responses to audit inquiries.

• Monitor cash flow and liquidity, identifying and addressing any discrepancies or issues.

• Collaborate with other departments to provide financial guidance and support.

• Stay updated on industry trends, regulations, and best practices in finance and accounting.

Qualifications and Requirements:

• Bachelor's degree in finance, accounting, or a related field.

• Proven experience in finance or accounting roles, with knowledge of financial principles and practices.

• Proficiency in financial software and Microsoft Excel.

• Strong analytical and problem-solving skills.

• Excellent attention to detail and accuracy.

• Ability to work independently and as part of a team.

• Effective communication and interpersonal skills.

• Commitment to upholding ethical standards and integrity in financial practices.

Required Skills

• Understanding of financial principles and practices

• Proficiency in financial software and Microsoft Excel

• Analytical and problem-solving skills

• Attention to detail and accuracy

• Time management and organization

• Communication and interpersonal abilities

• Knowledge of accounting standards and regulations

• Adaptability and ability to work under pressure

• Ethics and integrity in financial practices

• Decision-making and financial analysis capabilities

Frequently Asked Questions

What is a financial officer called?

A financial officer is often referred to by various titles such as Chief Financial Officer (CFO), Finance Director, Treasurer, or Controller, depending on the organization's structure and size.

What are the roles as a PHC Finance Officer?

The roles of a PHC (Primary Health Care) Finance Officer often include managing the financial resources allocated for primary health care services, preparing and monitoring budgets, processing financial transactions, ensuring compliance with funding requirements and regulations, and providing financial reports and analysis to support decision-making in improving healthcare services.

What is the role of a finance project officer?

The role of a finance project officer typically involves managing the financial aspects of specific projects within an organization. This may include budgeting, financial planning, tracking project expenses, and ensuring funds are allocated appropriately.