Finance Specialist

Job Title: Finance Specialist

Location: Remote

Work Shift: UK time zone

Working Hours: 20 hours per week/ Part-time with the potential to transition into a full-time

Job Description:

We are seeking a detail-oriented and proactive Finance Specialist to oversee various aspects of our financial operations. The Finance Specialist will be responsible for accurate bookkeeping, cash flow management, and inventory forecasting. The ideal candidate will be able to provide insightful financial data to help guide decision-making and ensure financial stability within the organization.

Key Responsibilities:

Bookkeeping:

• Maintain accurate financial records and ensure all transactions are properly recorded and classified using appropriate accounting software.
• Reconcile accounts and prepare monthly, quarterly, and annual financial statements and reports.
• Manage accounts payable and receivable processes to ensure timely and accurate transactions.
• Monitor and manage the general ledger, including journal entries, bank reconciliations, and internal controls.

Cashflow Management and Modelling:

• Develop and maintain cash flow models to forecast liquidity needs.
• Track daily cash balances and provide recommendations to optimize cash management.
• Prepare regular cash flow projections and reports for senior management.
• Analyze cash flow trends and address any potential issues to ensure financial stability.
• Collaborate with other teams to ensure sufficient cash reserves are available for operations.

Inventory Management and Forecasting:

• Oversee inventory management to maintain appropriate stock levels while minimizing excess or obsolete inventory.
• Work with supply chain and operations teams to forecast future inventory requirements.
• Create and monitor inventory forecasting models, identifying trends and optimizing stock levels.
• Analyze inventory turnover and develop strategies to improve efficiency.
• Collaborate with the procurement team to ensure inventory purchasing aligns with demand and cash flow projections.
• Manage expenses within the supply chain, ensuring cost-effective inventory purchasing, logistics, and distribution strategies.
• Monitor and analyze advertising expenses, ensuring they align with financial projections and support sales targets.

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Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field (CPA or MBA preferred).
• Proven experience as a Finance Specialist, Accountant, or in a similar role.
• Strong knowledge of accounting principles, financial reporting, and tax regulations.
• Proficiency with accounting software (e.g., QuickBooks, Xero, or SAP) and Microsoft Excel.
• Experience with cash flow modeling and inventory management.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills with the ability to collaborate effectively across teams.
• Analytical thinking with the ability to interpret financial data and provide actionable insights.