Chief Finance Manager

Job purpose:

To safe guard and optimise the utilisation of the financial resources through the implementation of appropriate accounting systems that ensure accurate and timely production of financial information through efficient planning, monitoring and control mechanisms by adopting financial efficiency and excellence

Key Accountabilities/Deliverables:

1 To ensure the existence of proper accounting systems that facilitates the recording and production of accurate financial reports.

2 To ensure the timely preparation and submission of the annual budgets to the CEO.

3 Ensure that the annual accounts are audited within three months of the year-end and generally liaise with the external auditors as and when necessary.

4 Ensure full compliance with all statutory matters, particularly with regard to tax matters (Income tax, PAYE, VAT, excise tax, withholding tax etc) and payment of these within due dates to avoid any penalties.

5 To ensure that working capital and Treasury is well managed so that the organisation is able to fund its operations, meet financial obligations and maximise returns from surplus cash resources.

4. Key duties:

1 Review and upgrade existing accounting and ERP systems in line with the companies operating, internal control and technological requirements.

2 Prepare periodical (at least monthly) accounting and management reports in an accurate and timely manner, analyse and present these to the management team and the Board and follow up the implementation of related action plans. Ensure that all accounting reconciliations are being prepared and reviewed on a regular basis.

3 Review and improve on the cost and management accounting processes in the organisation, ensure that materials controls are in place as necessary at all operating locations.

4 Prepare cash flow forecasts, monitor working capital and initiate appropriate actions including, the investment of excess cash, inter-account cash transfers, and debt collection.

5 Advise the CEO and the Board of Directors on tax and other financial planning opportunities. For Example - VAT management.4.6 Closely monitor departmental budgets Vs. Actual and report on variances with qualitative workable solutions to mitigate against such variances.

7 Develop the Financial Manual for the company and train users on the same

8 Together with the CEO, continually monitor business operations to ensure that the business/strategic objectives are being met and in instances of short-falls, jointly take action to get performance back on course.

Job Specification:

1 QualificationsBusiness Degree + ACATraining in Management Relations or equivalent experience

2 Minimum years of experience required for the job: 10 years

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