Organizational structure of the organization's finance functions

The organizational structure of the financial functions in the association aims to organize and distribute financial responsibilities in an effective manner that ensures efficient management of financial resources, and achieves transparency and accountability in all financial operations. The organizational structure includes several levels of functions that integrate to achieve the financial and administrative objectives of the association.

1. Board of Directors

  • Responsibility:
    The Board of Directors is responsible for general supervision of all financial activities of the association, and ensures compliance with approved financial policies and internal and external reviews.

2. Chief Financial Officer (CFO)

  • Responsibility:
    He is primarily responsible for financial affairs in the association, and is responsible for developing long-term financial strategies, managing daily financial operations, and submitting financial reports to the Board of Directors. He also supervises the preparation of the annual budget and financial analysis.

3. Head of the Accounting Department

  • Responsibility:
    He manages the accounting team, and ensures that all financial transactions are recorded in accordance with approved accounting standards. He also supervises the preparation of monthly and annual accounts, and the review of financial statements.


4. Accountants

  • Responsibility:
    Accountants deal with recording daily transactions, preparing accounting reports, and reviewing general accounts, in line with the association’s financial policies. They ensure the accuracy of financial statements and ensure compliance with tax laws.

5. Budget and Financial Planning Officer

  • Responsibility:
    The Budget and Financial Planning Officer is responsible for preparing annual budgets, following up on implementation, and analyzing gaps between the actual and planned budget, with recommendations for adjusting operations or allocating resources.

6. Internal Audit Officer

  • Responsibility:
    The Internal Audit Officer is responsible for reviewing internal financial activities to ensure compliance with financial laws and policies. He submits periodic reports to the Finance Director on the results and required corrective actions.

7. Tax Officer

  • Responsibility:
    The Tax Officer manages all matters related to taxes and tax reports, and ensures the association’s compliance with local and international tax requirements. He calculates taxes due and submits tax returns periodically.

8. Financial Analysis and Reporting Officer

  • Responsibilities:
    The Financial Analysis Officer prepares financial reports that present the association’s financial performance, and analyzes numbers to provide insights that help in making strategic decisions. Collaborates with the CFO to identify financial opportunities and challenges.

9. Administrative Assistants for Finance

  • Responsibilities:
    Administrative assistants support the finance team in daily tasks, such as data entry, organizing financial files, following up on payments, and coordinating meetings.

Conclusion:
This organizational structure reflects a precise distribution of tasks and responsibilities within the association’s finance team to ensure that financial resources are managed efficiently. This structure enhances transparency and accountability, and contributes to achieving the association’s financial and administrative goals in an integrated manner.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.