Job Title Branch Finance Manager

 

A Branch Finance Manager is a key leadership role within a company, distributor level. The role combines financial oversight with strategic planning and team leadership. Here's a breakdown of the key responsibilities, qualifications, and skills associated with the role:

🔹 Key Responsibilities

1. Financial Management

   • Oversee daily financial operations of the branch (e.g., cash flow, budgeting, reporting).

   • Prepare monthly, quarterly, and annual financial statements.

   • Ensure compliance with local financial regulations and internal policies.

2. Budgeting & Forecasting

   • Develop and monitor branch budgets.

   • Provide financial forecasts and assist in strategic decision-making.

3. Cost Control

   • Identify areas to reduce costs and improve profitability.

   • Monitor expenditures and enforce cost-efficiency.

4. Reporting

   • Generate financial reports for head office and stakeholders.

   • Analyze branch performance and variances from targets.

5. Audit & Compliance

   • Coordinate internal and external audits.

   • Ensure adherence to accounting standards and regulatory requirements.

6. Team Leadership

   • Manage and mentor the finance team at the branch.

   • Collaborate with operations, sales, and other departments.

Principal Responsibilities:
1. Monitoring & analysis of revenues.
2. Monitoring & analysis of operating expenses.
3. Monitoring & analysis of vehicle & parts inventory.
4. Facilitate monthly reconciliation of vehicle & parts inventory per system & actual.
5. Facilitate year-end physical count of vehicle & parts inventory.
6. Facilitate the verification of inventory variances.
7. Reconcile vehicle inventory versus CSR on hand.
8. Review & monitor revolving fund replenishments. Ensure that proper supporting documents are being provided prior to replenishments.
9. Check commission claims, sales & service incentives.
10. Prepare PO for all unit purchases.
11. Checks and approve payment requests (PR) with the proper supporting documents and approvals. Forwards them to Payables Dept. at the Central Office.
12. Prepare PR for all confirmed vehicle pull outs.
13. Check all supporting documents prior to vehicle release.
14. Approve invoices in the system.
15. Check daily cashier’s report.
16. Prepare subsidy claims.
17. Maintains & Updates the BIR registered Sales Book.
18. Facilitates the renewal of the Business Permit with LGU.
19. Maintains and recommends business and operating processes to ensure proper internal controls exists and are maintained to preserve integrity of financial data.

Education Graduate of any business course Experience At least with 3-years of experience working in the operations. With Managerial experience.

Essential knowledge and skills required:
Has strong leadership skills. Good communication skills. Meticulous in checking supporting documents. Ability to deal with people and maintain an independent mind. Mindful of the company’s policies and has the ability to uphold it in a professional manner