Finance Director

2 weeks ago

Budapest, Hungary HAYS Hungary Kft. Full time

Finance Director role is open at our multinational partner, who operates in Real Estate Development in Budapest downtown.Responsibilities:Lead Accounting function including AP, AR, General Ledger for HUNGARY:Ensure smooth day-to-day running of the finance department.Liaising with external stakeholders such as suppliers, banks, auditors and internal stakeholders such as senior management, department heads. Ensure all transactions are accounted for timely, accurately and efficiently.All balances and reconciliations are reviewed periodically. The fixed assets register is maintained and updated on timely basis. Ensure adequate accounting policies and procedures in place. Keep abreast of development in new accounting and reporting standardsAssist executives to implement policies in line with International Financial Reporting Standards, Audit Standards, VAT Laws and Risks Management Frameworks. Accounts Receivable ManagementCustomer billing and payments are properly and timely accounted for. Accounts receivables booking and reporting is done on timely basis.All notices to customers are managed on timely basis.Timely follow-up of the payments. Accounts Payable Management Lead the AP function management. Ensure adequate processes are implemented for the smooth running of booking of transactions and payments. Review the A/P status on a weekly basis for outstanding invoices.Resolve any vendor related matters and disputes. Sign cheques up to the level delegated by management. Manage the petty cash function.Lead accounting and reporting for special projects, JV projects:Manage cash calls to the stakeholders and all monthly and adhoc reporting.Manage any audits if required and submit financial reports to stakeholders as per timelinesLead financial Reporting including internal and external reports for HUNGARY:Lead preparation of all financial statements for HUNGARY and facilitate the respective audits. Manage external audits and liaison with auditors.Facilitate review of external financial statements of group companies prepared by other country teams and requiring CFRO approval. Manage the preparation of monthly financial reports for management and shareholders.Design internal reports (MIS reports, Business Review Meetings) templates to ensure relevant data is reported. Update such templates from time to time to improve reporting quality.Manage Cost Reporting:Manage preparation and review of reports related to project costs for HUNGARY, JVs and special projects. Manage the review of any variation orders.Compliance:Lead any compliance related reporting including statistics reports requested by the relevant government authoritiesVAT ComplianceManage VAT compliance function including management of deduction, reporting, VAT audits by FTA, VAT submission reviews by VAT consultants, obtaining advice to ensure new and unique matters are dealt with accordinglyTeam Management:Manage and build team. Conduct annual and mid-term staff evaluations and provide feedback. Manage team morale. Manage any training requirements for the staff.Requirements:Bachelor’s Degree in Economics, Finance or Accounting Qualified accountant CA, ACCA, CPA or equivalent 10-12 years of experience in finance for real estate development / construction 8 years of experience in a managerial position • Excellent and proven financial and business acumen•Proven experience leading large and complex financial portfolioExposure to investment, real estate and emerging sectors

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