Reporting to the Chairman/Managing Director, this staff contributes to the overall success of the company by effectively managing all financial operations in the Company.
This staff oversees and directs the implementation of accounting procedures and coordinates timely preparation of budget, maintenance of cost records and management information reports in the most acceptable standard.
Strategic Financial Duties and Responsibilities
Develop and maintain timely and accurate financial statements and reports that are appropriate for the management and in accordance with generally accepted accounting principles.
Develop, implement, and ensure compliance with internal financial and accounting policies and procedures of the company.
Assist in the development of an appropriate financial policy framework to guide and protect all financial operations and transactions.
Ensure that all statutory requirements of the company are met. Preparation of statutory accounts, financial statements in accordance with accounting standards, guidelines and statues including the production of financial returns as required.
Prepare all supporting information for the annual audit and liaise with the internal and external auditors as necessary.
Maintain a comprehensive knowledge of relevant legislation, accounting policy, practice and current developments and advices management on relevant implications.
Prepares timely and accurate monthly financial statements (balance sheet, statement of cash flows, and one-page management report).
Document and maintain complete and accurate supporting information for all financial transactions in the company.
Oversee the continuous improvement of accounting and financial processes and the development of the team with the goal to achieve best practices and optimal output in pursuit of the business goals of the company.
Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
Supervise all bank reconciliation and investment accounts.
Oversees the preparation of the financial section in the annual report.
Manage the cash flow and prepare cash flow forecasts in accordance with approved budget, ensuring the business objectives of the company are met.
Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation.
Assist the managing director with financial reporting as required at the board of directors’ meetings.
Supervises staff payroll preparation and administration. Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner.
Ensure optimal deployment of financial resources to achieve business goals.
Develop finance and accounting team goals that are fully aligned with the company’s business goals.
Advise management on major financial issues as they arise.
Manage and develop the staff within the finance department through staff supervision, appraisal, coaching and monitoring.
Establish guidelines for budget and forecast preparation and prepare the annual budget in consultation with the managing director.
Assist other departmental heads in preparation of budget for their various departments and units.
Develops and recommends accounting and budgeting policies and procedures.
Evaluate the need for new technology to meet the company’s financial data processing, control, and reporting requirements.
Advise on appropriate technology that meets the company’s information requirements and financial resources.
Bachelor's Degree in Accounting/Finance/Business Administration/Economics
Professional accounting/finance designations e.g. ICAN, ACCA, CIMA or CFA is required
Five (5) or more year-experience in financial management, manufacturing accounts, management of financial accounting systems, standard cost accounting, budgeting and treasury functions (Post ICAN/ACCA/CFA).
Sound knowledge of international accounting standards (IFRS) and local GAAP.
Strong Leadership and supervisory skills.
Proficiency in QuickBooks or other accounting software.
Computer Skills - Microsoft word, Excel, PowerPoint and other performance management tools.