Finance Manager (Shanghai - china)

Business, Location:   WFOE Shanghai
Role: Finance Manager 
Reports to: Finance Director – China
Direct Reports: Accountants
Primary Purpose: This role is to strength Finance function to support China business growth. The responsibility of this role is to manage finance closing, monthly and yearly tax filing, cash plan, credit management

 Key Responsibilities
Financial Accounting:
-  Responsible for preparing year-end statutory accounts for China and liaising with auditors to ensure an efficient and cost-effective audit.

Invoicing and Credit Control:
-  Responsibility for ensuring that all sales are invoiced promptly and that revenue is properly recognized.
- Ensuring that credit control procedures are strictly enforced and that prompt action is taken to collect any overdue debts. Ensuring that provisions for doubtful debts are adequate.
- Monthly review open AR with BU.

Payment:
-To ensure payment made on time and accurately.
- To ensure T&E reimbursement on each 30th accurately

Inventory:
- Ensuring that proper controls are exercised over inventory including carrying out regular physical stocktakes and preparing appropriate stock reconciliations and analyses
- Ensuring that appropriate provisions are booked for slow- moving, obsolete and excess inventory in accordance with group policies.
- Responsible for ensuring that customer returns and warranty claims are properly accounted for and the appropriate level of provisions is maintained.

Fixed Assets and Depreciation
- Maintaining the company’s fixed asset register, ensuring that all additions and disposals are properly accounted for.
- Ensuring that monthly depreciation is correctly calculated and charged to the profit and loss account.

Treasury and Banking
- Managing the company’s banking relationships and the day-to-day operation of the company’s bank accounts. Ensuring all bank accounts are reconciled on a weekly basis.
- Responsible for maintaining petty cash

Taxation
- Responsible for analysis of accounts for tax purposes and preparation of company tax returns.
- Responsible for tax issues and queries generally and liaising with the company’s tax advisers.

Management
- Supervising accounts staff on a day-to-day basis, reviewing their work, setting objectives, carrying out appraisals and assessing training needs.
- To provide necessary support to external auditing and make sure no serious breaches of company and government regulations.

  Other
- Such other tasks of a financial management or administrative nature as may reasonably be required by the Managing Director, China from time-to-time.
- Maintain professional awareness of accounting standards and the regulatory and statutory requirements applicable to the China business

Indicative Performance Measures
 Maintaining a high standard of financial control in China including ensuring efficient processes and procedures are in place, properly documented and up to date.
 Timeliness, completeness and accuracy of reporting of financials for China to the local management team and UK Head Office.
 Maintaining a high standard of financial analysis in China.
 Effective financial support to the local management team.
 Maintaining effective working relationships with the China tax and regulatory authorities, auditors, banks and other advisers.

Person Specification – Essential requirements unless stated

Education / Qualifications
Degree (Finance/Accounting preferred) / recognised accounting qualification

Professional Skills/ Abilities:
  More than 8 years work experience in Finance
  More than 2 years of finance team management
  More than 3 years of work in a Multi-national company
 High level of numeracy
 Advanced _excel / financial modelling skills
 ERP use experience is preferred
 Good business acumen and commercial understanding
 Excellent command of spoken and written English

Personal Qualities:
 High level of integrity
 Good communicator
 Analytical
 Well organized
 Self-starter


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