Finance Manager

About the role

The Financial Controller for the Global Solutions division of ASSA ABLOY is available at Traka Americas. This position is part of the Global Solutions team, which manufactures one of the world's first electronic key management systems. The role oversees various key functions including Financial Operations, Order to Cash cycle, Inventory, Accounting Activities, Upstream forecasting/reporting, and Collaborative planning.

Responsibilities

• Manage daily accounting functions for national operation with recent expansion into Canada and LATAM.
• Direct and supervise internal accountants performing daily, weekly, and monthly accounting tasks.
• Participate in the generation of timely and accurate monthly financial and management reporting.
• Develop and implement comprehensive financial strategies aligned with the company's goals and objectives.
• Ensure that accounting, control, audit, and administrative duties are performed effectively and efficiently.
• Prepare annual budgets, forecasts, and financial plans for the US, Canada, and Latin America regions.
• Collaborate with senior management to provide financial insights and recommendations to support decision-making.
• Utilize the ERP system to streamline financial processes, reporting, and data analysis.
• Train and guide finance team members in effectively utilizing ERP system for financial reporting and analysis, as well as monthly reporting into HFM.
• Prepare accurate and timely financial statements, including P&L, balance sheets, and cash flow statements.
• Conduct in-depth financial analysis, variance analysis, and performance assessments to identify areas for improvement.
• Create comprehensive financial reports and presentations for the executive leadership team as needed.
• Ensure all internal and Group deadlines are met in a timely and accurate manner.
• Fully support Central Finance and/or Group Finance with any additional analysis required.
• Ensure compliance with US GAAP and other relevant accounting standards.
• Work with and develop shared services relationships to support Canadian, US, and LATAM business as needed.
• Maintain financial risk management strategies to mitigate potential issues.
• Lead and mentor the finance team, fostering a culture of continuous improvement and professional growth.
• Develop talent within the finance department and conduct regular performance evaluations.
• Collaborate with cross-functional teams, including sales, operations, and supply chain, to support business initiatives.
• Provide financial insights and recommendations to improve operational efficiency and profitability.

Essential Functions

• Payroll Administration: Manage payroll administration, including accurate calculation of commission payments.
• Financial Records Maintenance: Oversee day-to-day finance duties to maintain accurate accounting records, including Cash Book, Bank Reconciliations, Purchase Ledger, Sales Ledger, Nominal Ledger, and Stock Records.
• Tax and Accounting Relationships: Manage 3rd party tax and accounting relationships locally or within the ASSA ABLOY Group globally.
• Monthly Accounts and Reporting: Prepare accurate monthly P&L, accounts, and other financial reports in a suitable format for submission to the UK within specified timelines.
• Payroll Processing: Prepare and submit payroll twice a month, including calculating monthly sales commissions and reimbursable expenses to the payroll company.
• Expense Management: Manage the processing and approvals of expense reports and credit card expenditures for all staff.
• Payment Management: Ensure all vendor payments are made in accordance with payment obligations.
• Purchase Orders and Invoicing: Ensure prompt processing and accounting of customer purchase orders, invoicing, and payment receipts.
• Debt Collection: Lead efforts to maintain the agreed debt collection cycle to promptly collect outstanding debts.
• Stock Record Management: Collaborate with the Operations Manager to maintain accurate stock records for Traka Americas in terms of quantities and valuation.
• Financial Variance, Forecast, and Budget Reports: Prepare and present regular financial variance, forecast, and budget reports.
• Manage price books, work with VP of Sales to ensure accurate reflection in CRM and appropriate price increases as needed.