Finance Manager

• Lead the development, revision and implementation of cost-effective financial management and accounting systems in accordance with accounting principles and business requirements.
• Conduct surveys to prepare recommendations for improvements, controls, new methods, and other changes to improve the efficiency of the financial management and accounting system.
• Coordinate the Companys annual budget preparation and monitor and report departmental budgeting discipline and performance to ensure achievement of strategic objectives.
• Lead the enterprise performance management system development, implementation and improvement.
• Prepare annual financial plan of the Company indicating schedule of cash inflows and out flows and identifying the best way for financing projects, and prepare long term financial forecasts in relation to developing future strategies for the Company.
• Set annual financial performance target, financial indicators, performance targets, and monitor and evaluate accordingly.
• Oversee effective implementation of Company financial policies and procedures and ensure relevant government regulations are understood and duly observed by all concerned.
• Follow up compliance with tax and other regulatory and prudential requirements and guidelines, and ensure timely and accurate payment of all tax and pension obligations to the concerned organizations.
• Review transactions to ensure they are properly recorded and books of accounts are balanced, and authorize records of transactions and the opening of general and subsidiary ledger accounts.
• Authorize the closing of books of accounts of the Company, facilitate internal and external audit activities, and lead the implementation of auditor recommendations.
• Lead and coordinate the preparation and dissemination of periodic financial statements and management accounting reports to reflect product, work unit and Company performance.
• Negotiate with banks and investors mobilize financial resources to provide sufficient funds to finance the Companys operations and major projects.
• Develop, review and implement policies and procedures to ensure efficient and effective credit management and working capital management.
• Supervise timely collection of incomes (sales, fees, levies, rent and other funds due to the Company) as well as timely payment to creditors and suppliers.
• Review the correctness and completeness of payment instruments and approve payments within in scope.
• Direct the timely preparation of accurate bank reconciliations for all Company accounts.
• Administer the Companys financial information system and ensure that charges and expenses incurred are allocated to proper accounts and projects.
• Approve the timely capitalization and payment of dividend and dividend taxes and respond to owners enquires as required.
• Develop and implement the Companys strategy for investment of funds in short and long-term investment opportunities, provide advice to the General Manager and the Board on capital budgeting decisions.
• Monitor the financial status and exposures of the Company, and availability of adequate finance to accomplish daily operations and satisfy financial obligations, provide advice to Senior Management where appropriate.
• Lead the development and implementation of appropriate and effective cost controlling and analysis procedures and performance analysis and reporting mechanisms for improved cost management and operational efficiency.

PERSONS SPECIFICATIONS

Education:

• MA/BA degree in Accounting, Finance, Financial Management, Business Administration or related field.

Experience:

• For Masters (6) years of experience of which two (2) years should be at managerial level and for BSc (8) years of experience of which two (2) years should be at managerial level.

Knowledge, Skills, Competence:

• Proven experience as a Financial Manager
• Experience in the financial sector with previous possible roles such as financial analyst
• Extensive understanding of financial trends both within the company and general market patterns
• Proficient user of finance software
• Strong interpersonal, communication and presentation skills
• Able to manage, guide and lead employees to ensure appropriate financial processes are being used
• A solid understanding of financial statistics and accounting principles
• Working knowledge of all statutory legislation and regulations