Finance Manager

GENERAL JOB DESCRIPTION / DESCRIPCION GENERAL DEL PUESTO

The Senior Accountant will be responsible for overseeing financial operations, ensuring compliance with Mexican financial regulations, and supporting financial planning and analysis within the company. This role involves managing accounting procedures, preparing financial reports, and collaborating with various departments to optimize financial performance.

DUTIES & RESPONSIBILITIES / DEBERES Y RESPONSABILIDADES
-General Ledger and Month-End close:

• Maintain and review the chart of accounts, ensuring alignment with company needs.
• Conduct month-end close activities, including journal entries, reconciliations, and accruals.
• Daily review of Cash Flow to validate that all operations are recorded in accounting. (Send to Corporate office on Mondays)
• Electronic accounting review
• Review of DIOT (Informative Statement of Transactions with Third Parties)
• Review of SAT’s GLOSA vs. accounting, generating evidence of the balance of all the pedimentos.
• Bank, credit card and Petty cash reconciliations.

-Financial Reporting:

• Prepare and review monthly, and annual financial statements in compliance with Mexican regulations.
• Present financial reports to management, highlighting key insights and trends.

-Internal Controls:

• Request financial resources from the corporate and validate that they are deposited in a timely manner.
• Validate tax requirements on a weekly basis before payment of invoices.
• Review of maquila income invoices.
• Review accounting record (policy registration) performed by administrative assistant.
• Validate that the Counts made to petty cash are done correctly.
• Ensure adherence to company policies and procedures.
• Cash flow report.

-Payroll and social security:

• Validate payroll calculation performed by manpower.
• Annual Christmas bonus calculation review.
• Annual PTU (Profit-Share) calculation review.
• Review of termination payments to employees.
• Validates that the payroll receipts are sent via email correctly, they are stamped according to SAT, receipts are printed, and payroll signatures are collected.
• Review of layout for savings fund payment and filling of the weekly accrual.
• Review and provide a solution to all notifications from SAT, IMSS and INFONAVIT mailboxes.
• Validate IMSS and INFONAVIT working papers.

-Tax regulations and Compliance:

• Review of 3% calculation on payroll with payroll and accounting tie, validate that the 3% invoice is obtained correctly.
• Follow-up on tax declarations and compliance with the authorities in federal and local level.
• VAT filling compliance
• Review the annual and monthly INEGI presentation.
• Ensures company follows any legal requirement to guarantee an optimal operation.