Finance Manager (VMCOTT)

Key and Critical Responsibilities

<ul><li>To establish and execute programs for the provision of the capital required by the business, including negotiating the procurement of capital and maintaining the required financial arrangements.</li><li>To coordinate the financial plans of the company, assess the financial requirements implicit in these plans and develop alternative ways in which financial requirements can be satisfied.</li><li>To manage the cash-flow position of the company. This responsibility includes authority to establish credit and collections and purchasing policies and procedures and to establish schedules for the payment of bills and financial resources.</li><li>To review and finalize details of all agreements concerning financial obligations, such as contracts for products or services and other actions requiring a commitment of financial resources.</li><li>Responsible for the financial aspects of real estate transactions, and executes bid, contracts and leases and provides insurance as required.</li><li>To maintain relationships with financial institutions. Administer banking arrangements and loan agreements, receive, manage and disburse the companys moneys and securities. Maintain adequate sources for the companys current borrowings from commercial banks and other lending institutions. Invest companys funds as directed to ensure the best returns of investment.</li><li>To maintain adequate knowledge of the market for the companys securities in addition to maintaining adequate liaison with investment bankers, financial analysts and shareholders in conjunction with the CEO.</li></ul><ul><li>To provide advice on all financial matters in the formulation of overall corporate policies and objectives.</li></ul><ul><li>To analyze company shareholder/stakeholder relations policies and information programs including the annual and interim reports to shareholders/stakeholders and make recommendations for future financial plans and new or revised policies or programs when needed.</li><li><span style="letter-spacing: 0.4px;">To implement accounting policies in order to adhere to best practice International Accounting Standards & International Financial Reporting Standards (IAS & IFRS); coordination of systems and procedures, and the preparation of operating data and special reports as required including interim and year-end financial statements. Maintains the companys system of accounts and keeps books and records on all company transactions and assets.</span></li><li><span style="letter-spacing: 0.4px;">In conjunction with the CEO and Board of Directors and the Audit and Finance Committee review and endorse budget proposals, discuss and advise on proposed and significant changes.</span></li><li><span style="letter-spacing: 0.4px;">To develop, implement, manage, monitor and evaluate VMCOTT's financials in accordance with the Companys strategic vision and mission.</span></li><li><span style="letter-spacing: 0.4px;">To work closely with Management Team to develop and implement strategies and plans to achieve the Company's goals and objectives.</span></li><li><span style="letter-spacing: 0.4px;">Responsible for monitoring the Stores department to be knowledgeable of the cost of inventory and the financing of the investment of these assets and report on inventories to sales' ratio.</span></li><li><span style="letter-spacing: 0.4px;">To support and provide other managers and departments with information required by them to carry out their assigned responsibilities.</span></li><li><span style="letter-spacing: 0.4px;">To perform other finance and administration duties as requested by the Chief Executive Office and in keeping with the State Enterprise Performance Monitoring Manual published by the Ministry of Finance of the Republic of Trinidad and Tobago.</span></li></ul>