Description:
The primary purpose of the position is to lead the local finance function and ensure compliance with all current accounting and legal obligations. Support the Finance Manager in the production of key statutory and legal accounting reports.
Ensure that key financial controls are operating effectively. Leading the annual audit process and participating in quarterly forecasting, annual budget, and monthly management reporting.
Responsible for the accuracy and completeness of the books of accounts and that they are maintained as per the IFRS standards for the business unit.
Accounting:
- Report and interact with other BUs in order to reconcile all inter-company transactions on a monthly basis.
- Manage quarterly and annual audits.
- Ensure that the collections are on time and DSOs are maintained at industry levels or better.
- Responsible for ensuring the monthly closing is completed 3 calendar days all modules related to AR and 4 calendar days for all modules related to AP and FA and 7 days for all remaining modules.
Financial Reporting Data & Analysis:
- Provide analysis and advice to the Finance Manager/ Controller on the potential implications of proposed changes in accounting rules/ policies and legislation/ government rules.
- Make recommendations on how the organization should adopt best practice in terms of financial reporting (wherever applicable).
- Assist the Finance Manager/ Controller with all statutory and management reporting.
- Manage the medium-term cash forecasting process and reporting the cash requirements.
- Responsible for producing statutory based set of management accounts, including balance sheet on monthly basis, using this information to assist the Finance Manager/ Controller planning with the production of the monthly management accounts.
- Produce, as required, any ad hoc reports required by the Finance Manager/ Controller.
- Responsible for preparing, reviewing, and analysing actual, forecasted, and budgeted financial results utilized by both the BU and corporate management team in decision-making processes.
- Monitoring and assessing fixed costs of all business units according to corporate guidelines and communicating any variances on a timely basis.
Transaction Processing/ Systems/ Controls
- Responsible for ensuring the integrity of the data held within the finance systems and security of the related data entry process.
- Through preparation/ review (as appropriate) of balance sheet/ control accounts reconciliations, ensure the balances reported in the financial statements are complete and accurate.
- Manage the fixed assets register of the organization.
- Ensure that key financial processes are properly documented and updated and reviewed regularly with a view to achieving improvements and efficiencies.
- Responsible for managing and controlling the Chart of Accounts.
- Lead by example to observe HSE rules and regulations.
- Identify hazards and employees’ safety concerns, and work with HSE Specialist to resolve them.
- Comply with company policies and procedures at all times.
Authorities
- Review accounting entries generated by individual system users
- Posting of entries
- Authorize Petty cash Payments
- Assist in preparing Forecasts and Budget
- Review and Issue Management Monthly Report
Other Responsibilities
- Report immediately all incidents, accidents, and unsafe conditions to the immediate supervisor. Protect the environment, operate on a clean basis, and achieve sustainable development.
- Accountable for own health and safety and do not put others at risk in the course of work performance.
- Perform other duties as assigned
Standard Position KPIs and processes
- Monitoring and analyzing Operating Cash Flow
- Monitoring overall budget, Cost vs Actual
- Safeguard Assets
- Meeting Deadline for monthly closing and management report
Job Requirements
Education:
Bachelor in Accounting degree or related finance field with an MBA in Finance and/ or CPA preferred.
Experience:
At least 5 years of experience in a similar role.