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Updated at: 28 January 2016
Head of Finance - Tanzania
Reference: JBLT17897
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Job Details
City:
Dar es Salaam
Job Location:
Tanzania
Type Of Employment:
Full time
Job Category:
Accounting / Finance
21-50
Preferred Candidate
Career Level:
Manager (supervisor of staff)
Degree:
Bachelor's degree
Minimum Years Of Experience:
5-7 years
Professional Skills
ERP System, MS Office, IRFS
Language Skills
English
Job Description
1. Strategy Development and Planning:
- Facilitates the overall strategic planning, direction and management of the financial / accounting functions and operations of the company
- Ensures maximization of profits through enhancing revenues and incomes and implementing successful cost –controls
2. Financial Accounting & Management Reporting:
- Timely and accurate preparation of financial accounts of the company in line with the local and international laws, accounting standards and generally accepted practices;
- Provides timely and effective information to management regarding performance of the company through various MIS reports;
3. Business Planning and Budgetary Control:
- Preparation of Budgets (Monthly / quarterly/ annual)
- Preparation of forecast reports.
- Monitoring of performance against the budget. Raising timely alarms on possible budget breach and recommend corrective actions
- Controlling expenses against budget
- Ensuring adherence to the financial policies for approval of various expenses.
- Creating reports and tools for monitoring business performance and sharing sharp insights on various business issues on a regular basis
4. Banking, Treasury and Working Capital Management:
- Responsible for opening and maintenance of Banking accounts, managing relation with banks and other financial institutions.
- Arranges for working capital for smooth running of company operations mainly by collection of debts with in agreed time;
- Oversees cash transfers to Head quarters;
- Monitoring the credit arrangements with clients and vendors and advising management for the improvement area on the credit limits. Preparing Cash flow/ fund flow forecasts and planning the weekly/monthly fund availability.
5. Accounts Receivable Management:
- To establish a proper measurement method for improvement of Daily Sales Outstanding (DSO) to improve. Third Party DSO to improve.
- Ensuring effective collection and low outstanding in 30+ Buckets.
- Taking timely action (legal) for cases with long outstanding or disputes.
- Timely closure of reconciliation with customers. Resolutions of customer queries.
- Oversees and controls invoicing and ensure that invoicing is done in line
6. Audit and Compliance:
- Managing and facilitating periodic statutory and other audits.
- Managing audits / verifications by various Government agencies (like tax, custom and other authorities)
- Ensuring compliance to Tax, Customs, VAT and other applicable laws. Timely filing of returns, proper calculation of deposit of taxes.
- Liaise with Auditors, consultants and other professional agencies.
- Informing management of all legal/ statutory/ compliance risks which the business might be exposed to on a timely basis.
7. People Management:
- Have a proper Org structure for the Finance team.
- Provide proper job description and key result areas to team members.
- Leading the performance monitoring and appraisal process.
- Lead by example and create a healthy, happy and satisfying work culture in Finance.
- Provide training, coaching, development and motivation to bring out the best in each team member.
- Facilitates the overall strategic planning, direction and management of the financial / accounting functions and operations of the company
- Ensures maximization of profits through enhancing revenues and incomes and implementing successful cost –controls
2. Financial Accounting & Management Reporting:
- Timely and accurate preparation of financial accounts of the company in line with the local and international laws, accounting standards and generally accepted practices;
- Provides timely and effective information to management regarding performance of the company through various MIS reports;
3. Business Planning and Budgetary Control:
- Preparation of Budgets (Monthly / quarterly/ annual)
- Preparation of forecast reports.
- Monitoring of performance against the budget. Raising timely alarms on possible budget breach and recommend corrective actions
- Controlling expenses against budget
- Ensuring adherence to the financial policies for approval of various expenses.
- Creating reports and tools for monitoring business performance and sharing sharp insights on various business issues on a regular basis
4. Banking, Treasury and Working Capital Management:
- Responsible for opening and maintenance of Banking accounts, managing relation with banks and other financial institutions.
- Arranges for working capital for smooth running of company operations mainly by collection of debts with in agreed time;
- Oversees cash transfers to Head quarters;
- Monitoring the credit arrangements with clients and vendors and advising management for the improvement area on the credit limits. Preparing Cash flow/ fund flow forecasts and planning the weekly/monthly fund availability.
5. Accounts Receivable Management:
- To establish a proper measurement method for improvement of Daily Sales Outstanding (DSO) to improve. Third Party DSO to improve.
- Ensuring effective collection and low outstanding in 30+ Buckets.
- Taking timely action (legal) for cases with long outstanding or disputes.
- Timely closure of reconciliation with customers. Resolutions of customer queries.
- Oversees and controls invoicing and ensure that invoicing is done in line
6. Audit and Compliance:
- Managing and facilitating periodic statutory and other audits.
- Managing audits / verifications by various Government agencies (like tax, custom and other authorities)
- Ensuring compliance to Tax, Customs, VAT and other applicable laws. Timely filing of returns, proper calculation of deposit of taxes.
- Liaise with Auditors, consultants and other professional agencies.
- Informing management of all legal/ statutory/ compliance risks which the business might be exposed to on a timely basis.
7. People Management:
- Have a proper Org structure for the Finance team.
- Provide proper job description and key result areas to team members.
- Leading the performance monitoring and appraisal process.
- Lead by example and create a healthy, happy and satisfying work culture in Finance.
- Provide training, coaching, development and motivation to bring out the best in each team member.
Position Requirements
Minimum Qualifications:
- Qualified in either ACA/ ACCA/ CPA
- High level of proficiency in Microsoft Excel, Power point.
- Working knowledge on ERP system like Oracle, SAP will be an added advantage. · Knowledge of IFRS will be an added advantage
Experience:
- Minimum 5 years working experience in a similar position
- Should have managed a team
Personal Attributes:
- Excellent communications skills
- Team player with good interpersonal skills
- Good organizational skills
- Proactive, disciplined and able to work under minimum supervision
- Should have a strong personality and ability to put across his point of view very professionally.
- Excellent problem solving skills.
- Qualified in either ACA/ ACCA/ CPA
- High level of proficiency in Microsoft Excel, Power point.
- Working knowledge on ERP system like Oracle, SAP will be an added advantage. · Knowledge of IFRS will be an added advantage
Experience:
- Minimum 5 years working experience in a similar position
- Should have managed a team
Personal Attributes:
- Excellent communications skills
- Team player with good interpersonal skills
- Good organizational skills
- Proactive, disciplined and able to work under minimum supervision
- Should have a strong personality and ability to put across his point of view very professionally.
- Excellent problem solving skills.
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