position: Finance Manager (Tanzania)
Position: Finance Manager (Tanzania)
Reference Number SMP-56Description
Job Summary:
Overseeing all day to day activities of the finance team and ensuring the East Africa cluster finance function is organized, efficient and produces timely & accurate financial and management accounts.
Key Responsibilities and Deliverables:
Effective management of financial systems & internal controls within East Africa
East Africa Transactions
Accurate & timely preparation of financial management reports within East Africa
Effective management and control of cash-flows, working capital and budgets within East Africa
Effective people management
Effective teamwork and self-management
Requirements
Work Level Senior Management
Job Type Permanent
Salary Market Related
EE Position No
Location Tanzania
Reference Number SMP-56Description
Job Summary:
Overseeing all day to day activities of the finance team and ensuring the East Africa cluster finance function is organized, efficient and produces timely & accurate financial and management accounts.
Key Responsibilities and Deliverables:
Effective management of financial systems & internal controls within East Africa
- Maintain a documented system of accounting policies and procedures adhering to respective legislation
- Ensure that appropriate financial systems and internal controls are implemented and maintained throughout East Africa
- Ensure adequate controls and processes that are to a standard which is endorsed by internal and external audit
- Make recommendations to encourage the continuous improvement of financial performance and implementing relevant policies within the business across East Africa
- Conduct East Africa cluster reviews and evaluations for cost-reduction opportunities
- Ensure financial risk management & control that will maintain financial health of the organization within East Africa
- Ensure East Africa procurement policies, procedures and internal controls are maintained.
- Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations
East Africa Transactions
- Ensure that accounts payable, including employee claim reimbursements are paid in a timely & accurate manner
- Ensure that accounts receivable are collected promptly
- Process East Africa payroll payments & statutory payments in a timely and accurate manner
- Ensure that periodic bank & payment reconciliations are completed within the East Africa cluster
- Maintain an orderly accounting filing system
- Maintain a system of controls over accounting transactions
- Maintain the chart of accounts for East Africa
- Approval of fixed assets procurement for the cluster
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Accurate & timely preparation of financial management reports within East Africa
- Accurate and timely preparation of group financial management accounts
- Ensure compliance with local government on financial reporting requirements and tax compliance.
- Provide financial analysis as required for contract negotiations, capital investments, pricing decisions, potential disposals and acquisitions
- Interprete financial information to management team
- Liase with auditors to ensure appropriate monitoring of company finances is maintained
- Develop East Africa trends and projections for the company’s finances.
- Recommend benchmarks against which to measure the performance of company operations within East Africa
- Financial compliance tracking of businesses within the cluster
Effective management and control of cash-flows, working capital and budgets within East Africa
- Focused management and control of cash-flows, working capital and budgets
- Preparation and review of business unit budgets within East Africa
- Responsible for facilitating and ensuring budgetary control through calculating variances from the budget and report significant issues to management
- Timely and accurate preparation of financial statements, reports, cash-flows, budgets & forecasts and maintenance of the same
- Analyze costs, pricing, variable contributions, business results and the company’s actual performance compared to the business plans within East Africa
Effective people management
- Management of the East Africa finance team
- Take full responsibility for performance of all direct reports, motivating and managing them in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management:
- Development
- Performance Management
- Career path planning
- On-the-job training, coaching & mentoring
- Continually inspire, motivate and develop finance Intern(s) to understand what is expected of them
Effective teamwork and self-management
- Proactively develop own skills and knowledge of relevant best practice and ensure appropriate skills and knowledge transfer
- Actively and consistently maintain high standards of professionalism in all aspects of personal presentation and delivery
- Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained including meeting all deadlines.
- Ensure data integrity of all reports to client and management
- Demonstrate consistent application of internal procedures
- Plan and prioritise, demonstrating abilities to manage competing demands
- Demonstrate abilities to anticipate and manage change
- Demonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organisational needs
Requirements
- BS/MA degree in Finance, Accounting or Economics
- Professional qualification such as CPA or similar
- 5-8 years Financial Management experience in retail/FMCG
Work Level Senior Management
Job Type Permanent
Salary Market Related
EE Position No
Location Tanzania
