Dar es Salaam Full Time Human Resources
TSh Confidential
4 days ago

Job Summary

The finance manager will also assist the Country Manager in elaborating and incorporating internal policies for the Finance department

  • Minimum Qualification: Bachelor
  • Experience Level: Management level
  • Experience Length: 5 years

Job Description

  • Purpose of position (role):

    Report to the Country Manager and under the authority of the group CFO, Supervises all financial transactions (payroll, tax returns, social contributions, management dashboards, etc.) in accordance with International Accounting Standards. The finance manager will also assist the Country Manager in elaborating and incorporating internal policies for the Finance department in accordance with Rwandan laws and revenue regulations policies.

    Specific tasks:

     A.  Accounting

    -          Keep proper and accurate books of accounts in accordance with International Accounting Standards.

    -          Perform reconciliations with third parties in a timely manner;

    -          Manage client’s and supplier’s account (invoice entry, payments preparation);

    -          Conduct analytical reviews of accounting operations;

    -          Conduct, in collaboration with the administration assistant, inventory for the end of year financial statements;

    -          Manage the personnel account (payroll and payroll analysis);

    -          Produce periodicals financial statements monthly and annual,

     B.    Budget

    -            Manage the preparation of the company’s budget,

    -            Report to management on variances from the established budget, and the reasons for those variances

    -            Assist management in the formulation of its overall strategic direction

    -            Develop mechanism for monitoring and controlling budget utilization,

    -            Optimize payment  orders in line with budget,

    -            Establish Cash Flow forecast,

    -            Assist in recovering Client’s debts and proceed with account reconciliation accordingly,

     C.  Taxation 

    -          Prepare and declare annual and monthly tax returns ( CIT, PAYE, VAT, WHT, Pension and Maternity)

    -          Manage and facilitate controls for tax authorities and administrators,

    -          Insure compliance of all products and services offered by the company with the Tax laws, be it Rwanda Tax laws or International Tax laws.

    D.   Treasury

    -          Manage cash, bank and internal transfers accounts under the Country Manager’s supervision and control;

    -          Monitoring of debt recovery with the Head office;

    -          Ensure bank reconciliation;

    -          Ensure the preparation of Cash flow forecast;

    -          Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements

    -          Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions

    -          Assist in determining the company's proper capital structure

    -          Maintain banking relationships

     E.    Report

    -          Prepare monthly financial reports;

    -          Ensure the weekly reporting of activities related to the sector;

    -          Make daily reports on petty cash status;

    -          Ensure weekly reporting of delays of customer accounts, by sector and overall (auxiliary customer accounting system);

     F.     Audit

    -          Coordinate external audit with appointed Auditor and provide all necessary requirements,

    -          Coordinate internal audit and insure compliance with the company set policies,

    -          Coordinate and control all audits from regulatory institutions.

     G.  Financial Analysis and Control

    -          Engage in ongoing cost reduction analyses in all areas of the company,

    -          Approve and control expenditures in line with the company expenses policy and procedures,

    -          Manage all fixed assets of the company and keep a proper asset register updated on monthly basis in line with the company fixed assets policy,

    -          Prepare all financial quotations to be included in business proposals to be sent to clients and insure they are in line with the standards set target and policies of the company,

    -          Provide Financial advisory to the management and keep track of the market trends and changes which affects the business,

    -          Participate in target costing activities to create products/Services that meeting predetermined price goals and assist in the determination of product pricing in relation to features offered and competitor pricing,

    -          Review the performance of competitors and report on key issues to management,

    -          Interpret the company's financial results to management and recommend improvement activities,

    -          Monitors financial performance of all business-generating unit by measuring and analysing results; initiating corrective actions; minimizing the impact of variances.

    -          Compile key business metrics and report on them to management,

    -          Create additional analyses and reports as requested by management,

    -          Perform any other tasks requested by the management

    Relations and Interactions (services and departments)

    All Departments

    Profile (Knowledge, Skills, Certification and Experience)

     -        At least 5 years’ experience in the field of finance (preferably accounting);

    -        Bachelor’s degree in finance, accounting or related field;

    -        Good computer skills;

    -        Good knowledge of accounting software preferably QuickBooks;

    -        Flexible to work outside normal working hours;

    -        Attention to details;

    -        Good communication skills;

    -        Fluency in English and knowledge in French would be an added advantage

    -        Very good organization skills

    -        Pro-active;

    -        Dynamic;

    -        Honest;

    -        Discreet;

    -        Courteous.

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