How a Product Manufacturer & Distributor Hired an Experienced Financial Controller for $1,500/Month

I. What is the client’s business?

Our client is an AU-based company that distributes and manufactures a wide range of products. It has a network of distributors and retailers throughout Australia and New Zealand. It also exports its products to other countries in the Asia Pacific region.

II. Why did the client need a Financial Controller?

As a growing company with a vast network of distributors and retailers, the client needed a robust and comprehensive approach to financial management. 
The business, which involves product manufacturing and distribution, demands meticulous financial oversight – from managing intricate cash flows and supply chain finances to crafting budgets that align with strategic goals.

The need for a Financial Controller became increasingly apparent as the business scaled and the financial operations became more complex. The client sought a seasoned professional who could manage the numbers and translate those figures into actionable business insights. 

III. How much is the hired candidate’s salary?

Myrna, the hired Financial Controller, earns a monthly salary of $1,500 inclusive of standard Philippine employment benefits.

IV. What are the hired employee’s responsibilities?

Myrna was entrusted with the critical responsibility of overseeing and managing the financial operations of the company. 
This extended from ensuring the accuracy and integrity of financial records to implementing financial controls, preparing financial statements, and providing strategic financial guidance.

She handles:

• Month-end Process Management: Ensuring timely completion of all financial activities.

• Monthly Financial Reporting: Assessing the organization's financial performance and making actionable recommendations.

• GST BAS Reporting: Diligent and accurate reporting to comply with tax regulations.

• Monthly Cash Flow Management: Optimizing cash loans to maintain liquidity.

• Budgeting: Monitoring budget against actual performance and adjusting as needed.

• Financial Performance Optimization: Utilizing analysis of financial results, forecasts, variances, and trends to inform strategic decisions.

• Comparable Analysis and Market Research: Supporting internal financial analysis to guide business strategy.

• Reconciling Transactions: Cross-referencing of incoming and outgoing data to ensure accuracy.

• Accounts Payable, Expense, and Payroll Processes: Ensuring that these critical operational aspects run smoothly and efficiently.

Myrna became an indispensable asset to the company. More than a gatekeeper of financial data, she acts as a strategic partner to the management team. 
She leverages her extensive expertise to drive the company toward optimized sales performance, cost efficiency, and overall profitability.

V. What was the hired candidate’s work background?

With 15 years of experience in the finance industry and most recently serving as a Finance Manager, Myrna brought an impressive set of skills and experiences to her new role as Financial Controller.

Her career highlights include:

• Expertise in financial management and forecasting, with an extensive knowledge and proficiency in various accounting software including QuickBooks, SAP, and Xero

• Oversaw the operations and development of the company’s finance department, including creating and reviewing policies with the General Manager

• Managed budgeting processes, training programs, and conducted regular assessments of financial procedures

• Ensured monthly and quarterly financial reporting were completed in a timely and accurate manner

• Maintained the integrity and accuracy of the financials, ensuring efficiency in data management and continuous improvement of data analytics and reporting

• Performed comprehensive financial management duties, including generating financial data, analyzing industry trends, and assessing the financial health of the company

Myrna’s extensive background and proven leadership in financial management made her an ideal fit for her new role. She effectively maintains strict control over the financial operations and provides strategic insights to guide the wider business strategy.