Summary
Date Posted: Wednesday, July 17 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Description
The Finance Manager plays a critical role in safeguarding the company’s financial integrity. They are entrusted with the meticulous preparation and analysis of financial reports, ensuring they are precise, compliant, and current in accordance with International Financial Reporting Standards (IFRS) and local statutory regulations. The role demands a professional who is not only adept in financial management but also committed to upholding the highest standards of financial accuracy and regulatory adherence

Responsibilities
• Financial Oversight: Oversee the company’s general ledger, payables, receivables, and inventory, ensuring all accounting policies and processes are up-to-date and in line with best practices.
• Budget Management: Direct the company’s budgeting, financial projects, and operational expenses, maintaining strict financial and internal controls to support the company’s financial activities.
• Reporting & Compliance: Prepare timely weekly and monthly financial reports, coordinate statutory accounts, and ensure all financial reporting is compliant with IFRS and statutory regulations.
• Stakeholder Relations: Manage relationships with bankers and financial stakeholders, ensuring effective communication and collaboration.
• Asset & Audit Support: Monitor receivables, manage fixed assets, and contribute to audit activities by providing necessary documentation and analysis.
• Strategic Contribution: Play a key role in the overall success of the Company and the Group, undertaking special projects and additional responsibilities as assigned by the Financial Controller/CFO
Key Performance Indicators
Financial Reporting Excellence – 40%
• Monthly Management Accounts: Ensure monthly management accounts are prepared with utmost accuracy and reviewed in collaboration with the Financial Controller by workday.
• Ledger Reconciliation: Maintain rigorous reconciliation of general ledgers with sub-ledgers, guaranteeing accuracy and completeness.
• Reporting Adherence: Strictly adhere to all reporting deadlines as mandated by internal policies and regulatory bodies.
• ERP Transaction Journals: Prepare and verify transaction journals on the ERP with precision.
Statutory Reporting Compliance – 20%
• Audit Timeliness: Secure audited financial statements, signed within five months of the new financial year.
• Audit Support: Provide comprehensive support to external auditors and regulatory agencies during audits and engagements.
• Tax Audit Assistance: Offer diligent support during tax audits and statutory exercises.
• Statutory Filing: Assist in the preparation and filing of timely reports for statutory bodies (ITF, NSITF, FIRS, etc.). All statutory filings must be completed minimum of 5 days before the deadlines.
Assets & Receivables Oversight – 20%
• Inventory Reconciliation: Collaborate with the Warehouse Manager and site managers/supervisors across all sites to reconcile stock usage and reports.
• Fixed Assets Register: Maintain an accurate fixed assets register for proper accounting.
• Receivables Management: Keep receivable trackers updated and manage B2B receivable days within contractual timelines.
• Invoicing Support: Ensure the Account Associate is well positioned to invoice clients within 24 hours from receipt of GRN or SES.
• Invoice Dispatch: Ensure invoices are dispatched correctly and timely, meeting client specific requirements.
People Management – 10%
• Team Collaboration: Work effectively with team members and stakeholders, fostering a collaborative environment.
• Department Liaison: Act as a liaison, addressing financial queries and supporting other departments.
Innovative Contributions – 10%
• Continuous Improvement: Propose improvements for the finance team and the broader business.
• Teamwork: Engage in active collaboration with team members to foster innovation.

Requirements
Knowledge and Experience
• Relevant Bachelors’ degree in Finance, Accounts, Finance. Master Degree will be an added advantage.
• Proven working experience with a minimum of 2 -4 years as a Finance and Administration Manager or relevant supervisory role.
• A Professional certification in accounting and finance from a recognized professional body (e.g. CPA, CFA, CGMA, ACCA, ICAN etc.)
• Technological Proficiency: Familiarity with financial software (D365 preferred) and statistical modelling.
• Industry and Regional Knowledge: Up to date with industry-specific knowledge, IFRS and relevant Tanzanian tax, and other regulations with continuous desire for learning to stay ahead in the field.
• Analytical Skills: Skilled in interpreting complex data, identifying trends, and providing actionable insights.
• Leadership: Strong leadership skills to lead and inspire teams and support the business management’s decision making.
• Independence: Self-motivated individual with the ability to work independently, take initiative, and collaborate effectively to achieve corporate objectives.
• Communication: Excellent communication abilities to convey financial insights and strategies clearly.
• Problem-Solving: Adept at analysing budgets, calculating investment risks, and finding effective solutions

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Please send your detailed CV with 3 referees and their available contacts information to info@fnlservices.co.tz 

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