Senior Finance Manager - 5ELK

• Do you want to work with some of Australia's best financial planning businesses?
• Embark on a fulfilling and engaging career.
• Earn as much as Php 100k generous benefits + personalized learning and development

This is an office-based, full-time, permanent position in Cebu City.

About the Client

5 ELK is an outsourcing provider working with Australian and UK businesses to develop financial advice that creates wealth, happiness and freedom for its clients.

About the Role

Reporting directly to the Chief Executive Officer (CEO), you will lead a team of finance

professionals and ensure efficient and accurate execution of financial processes. You will

oversee and manage various financial aspects to ensure the entity’s financial health and strategic

success. Key responsibilities include financial planning and analysis, risk management, capital

management, financial reporting, cash flow management, investment decisions, financial

compliance, and providing strategic financial advice. This role maintains financial stability,

optimises resource allocation, and contributes to decision-making processes that align with the

organisation’s goals. Expertise extends to building and maintaining relationships with external

stakeholders, ensuring adherence to financial regulations, and offering valuable insights to

support overall business success and sustainability.

Requirements

KEY RESPONSIBILITIES

1. FINANCIAL ANALYSIS

• Oversee daily accounting operations, including but not limited to procurement,

account payables, account receivables, payroll, invoicing and collection, fixed assets,

and closing of monthly accounts.

• Conduct a comprehensive analysis of financial statements, including identifying

trends, evaluating key drivers, and assessing the impact of accounting policies.

• Develop complex financial models to forecast future financial performance,

incorporating factors such as seasonality, growth rates, and market conditions.

• Identifying and evaluating financial risks, such as credit, market, and operational risks,

and understanding their impact on financial statements.

• Evaluate investment opportunities and recommend strategic decisions regarding

capital allocation, incorporating techniques such as net present value (NPV) and

internal rate of return (IRR).

• Assist in developing long-term financial strategies aligned with the organisation’s

goals and analysing the financial impact of strategic decisions.

• Ensure compliance with relevant financial regulations and reporting requirements,

such as International Financial Reporting Standards (IFRS) or Securities and Exchange

Commission (SEC) regulations.

2. FINANCIAL REPORTING

• Oversee daily accounting operations, including but not limited to procurement,

account payables, account receivables, payroll, invoicing and collection, fixed assets,

and closing of monthly accounts.

•Prepare and present accurate and timely financial reports to internal and external

stakeholders in compliance with accounting standards and regulations.

• Understanding and applying accounting standards for more complex transactions,

such as revenue recognition, leases, or financial instruments.

3. BUDGETING AND FORECASTING

• Develop budgets, including gathering stakeholder input, analysing historical data,

and identifying key drivers and assumptions.

• Utilise forecasting techniques such as trend, regression, and time series analysis to

generate accurate and reliable financial forecasts.

• Analyse budgeted financial information, identifying trends and providing meaningful

insights and recommendations to management.

• Create and maintain rolling forecasts that provide a dynamic view of future financial

performance.

• Prepare and present budget reports and presentations to management, highlighting

key findings, risks, and opportunities.

• Collaborate with senior management and department heads to develop strategic

budgets aligned with the organisation’s goals and objectives.

• Build and utilise advanced financial models to perform scenario analysis and sensitivity

analysis and assess the impact of various factors on the budget.

• Forecast and analyse cash flows, including identifying cash flow gaps, optimising cash

management, and recommending strategies to improve liquidity.

• Identify opportunities to enhance the budgeting process, implement automation

tools, and streamline procedures to improve efficiency and accuracy.

• Design and implement performance metrics and key performance indicators (KPIs) to

track and evaluate budget performance and provide insights for course correction.

4. TAXATION AND AUDIT

• Assisting the CEO in tax planning activities, identifying tax-saving opportunities, and

providing recommendations to minimise tax liabilities.

• Plan and execute audit procedures, including risk assessment and control testing.

• Prepare tax provisions and related financial statement disclosures by accounting

standards.

• Review tax returns and related work papers to ensure accuracy and compliance with

relevant tax laws and regulations.

5. FINANCIAL PLANNING AND STRATEGY

• Manage cash flow, including monitoring cash balances, overseeing cash disbursements,

and optimising cash utilisation.

• Conduct regular cash flow forecasts and develop strategies to mitigate risks and

improve liquidity.

• Assisting the CEO in developing strategic plans and initiatives by providing financial

analysis, evaluating investment opportunities, and assessing their financial viability.

• Participating in evaluating and analysing investment projects, including conducting

cost-benefit analysis, calculating return on investment (ROI), and assessing risk.

• Develop and implement financial plans that align with the organisation’s strategic goals

through budgeting, forecasting, and financial analysis to ensure optimal allocation of

resources.

• Evaluate and assess the financial viability of a potential investment, whether in

new projects, acquisitions, or financial instruments, and their alignment with the

organisation’s goals

• Collaborate with cross-functional teams and other departments on financial strategy

and provide insights into the financial implications of options to aid in decision-making.

• Analyzing and optimising the organisation’s capital structure, including debt and

equity financing, to maximise shareholder value and minimise the cost of capital.

• Participating in financial due diligence, valuation, and integration activities for M&A

transactions, including assessing synergies and evaluating financial impact.

6. RISK MANAGEMENT

• Identify and mitigate financial and market risks and develop strategies that optimise

the organisation’s tax.

• Participate during audit reviews for the completion of financial audits to identify

opportunities for process improvement and gain insights to enhance financial controls,

reporting accuracy, and overall financial management practices.

• Assisting in identifying and managing operational risks, such as process inefficiencies,

technology vulnerabilities, and human error.

• Assist in designing and implementing risk governance structures and frameworks,

including risk policies, procedures, and reporting mechanisms.

• Assisting in establishing and maintaining compliance frameworks, including policies,

procedures, and internal control systems, to ensure adherence to regulatory

requirements.

• Assist in monitoring and tracking the effectiveness of risk mitigation measures,

provide regular risk status updates, and prepare risk reports for management and

stakeholders.

• Assisting in developing and maintaining business continuity plans, including disaster

recovery strategies, to ensure the organisation can withstand and recover from

disruptive events.

7. POLICIES AND PROCESS MANAGEMENT AND COMPLIANCE

• Adhere to relevant accounting standards, tax laws, and regulatory requirements (BIR,

PEZA, SEC), stayed informed about changes in financial reporting regulations, and

made necessary adjustments to maintain compliance.

• Managing the overall compliance program, including developing and implementing

compliance strategies, overseeing compliance activities, and ensuring adherence to

regulatory requirements.

• Monitor compliance with laws, regulations, and internal policies, conduct compliance

audits, and prepare compliance reports for management and stakeholders.

• Leading efforts to standardise finance processes, utilising process improvement

methodologies and exploring opportunities for automation.

8. CONTINUOUS IMPROVEMENT AND DATA ANALYTICS

• Identify opportunities for process automation and utilising tools or technologies to

streamline processes and improve efficiency.

• Analyse and document existing processes, identifying gaps and improvement areas,

and leading or participating in process optimisation initiatives.

• Assist in identifying process inefficiencies and areas for improvement based on

available data and observation.

• Conduct root cause analysis to identify the underlying causes of process issues or

inefficiencies and develop strategies for improvement.

• Leading or participating in change management initiatives associated with continuous

improvement efforts, including stakeholder engagement, communication, and

training.

• Design and implement performance metrics and key performance indicators (KPIs)

to track and evaluate the organisation’s performance and the effectiveness of

improvement initiatives.

• Promote a culture of continuous improvement by fostering collaboration, knowledge

sharing, and adopting best practices across the organisation.

SKILLS AND QUALIFICATIONS

• Bachelor’s degree in finance, accounting, or a related field. Advanced degree (e.g.,

MBA, CFA) and professional certification (e.g., CMA, CPA) is a plus.

• Minimum of ten years of progressive experience in finance or accounting roles.

• Strong leadership skills with proven experience in managing and developing a team.

• Comprehensive knowledge of financial analysis, budgeting, forecasting, and financial

reporting.

• In-depth understanding of accounting principles, regulatory compliance (BIR, PEZA),

and financial controls.

• Proficient in financial systems such as Xero, QuickBooks, or other ERP (Enterprise

Resource Planning) platforms and Advanced Level in MS Excel.

• Exceptional analytical, problem-solving, and decision-making abilities.

• Excellent communication and presentation skills.

• Strong attention to detail and ability to work under pressure.

• Ability to work collaboratively in a fast-paced and dynamic environment.

• Strong ethics, with the ability to manage confidential data.

Benefits

Our Client benefits:

• Fixed Dayshift Schedule and Weekends Off
• Australian Holidays off and get to enjoy Christmas and New Year
• Competitive Compensation Package
• HMO with 200k benefits, plus 1 dependent when you start
• Company Events and Employee Wellness Programs
• Personalised learning and development program
• Coaching and mentoring by qualified and experienced professionals
• Modern fit-out and workstation