Summary
Date Posted: Saturday, June 17 2023, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
The Finance Manager provides leadership in financial planning, forecasting, budgeting, internal controls and financial reporting to achieve outstanding business performance and growth. The Finance Manager develops and is responsible for implementing effective systems and processes to safeguard financial resources and to provide accurate and complete financial information and analysis to the Managing Director and the Board of Directors to aid decision making.

Duties and Responsibilities
1. Financial and operational planning for the department and the company;
• Provide expert financial advice on areas including market expansion and capital investments.
• Develop accurate financial scenarios; analyze potential impact of a variety of economic conditions on the company’s revenues and plan for positive and negative outcomes.
• Financial forecasting and modeling to create profit projections.
• Oversee the company’s financial activities;
o Implement cost effective administrative systems and ensure smooth operations of financial processes.
o Ensure right staffing is in place.
2. Overall planning, forecasting and preparation of the annual company budgets.
• Develop annual budgets and relevant forecasts in line with the strategic goals of the company while considering economic and market factors.
• Lead the preparation of the company’s annual budget for review and approval by management and Managing Directors.
• Review budget versus actual variance reports and provides recommendations to close gaps.
• Advise departmental managers on expenditure control.
3. Cash flow management.
• Ensure sufficient financial liquidity in line with the budget and company objectives.
• Manage internal resources and source for external funding where required.
• Manage company’s debtor’s portfolio through effective and efficient execution of the credit control function.
• Manage company’s credit portion and ensure that creditor’s terms are clear, respected and followed by relevant staff.
4. Continuously updates the Finance procedures manual, review and amend policies and provides guidance to users.
5. Accomplish timely and accurate financial reporting.
• Prepare and present periodic financial reports to Management and the Managing Director.
• Analyze financial statements and other performance indicators and provide the necessary feedback and recommendations.
• Prepare final accounts, ensure timely external audits and close any audit queries/ implement recommendations.
6. Manage financial technologies/tools and recommend improvements to enhance efficient reporting and forecasting.
• Ensure education of users and full adoption of financial technologies across the company.
• Oversee data integration.
7. Monitor and ensure full compliance with statutory obligations.
8. Responsible for managing the company’s financial risk exposure and to identify areas of raising efficiency and effectiveness and to improve financial performance.
9. Manage the appraisal of all new business proposals, projects, and partnerships and advise the Managing Director.
10. Coach, train and motivate Finance team
• Manage, coach, motivate and support Finance team; develop Key Performance Indicators (KPIs) for all team members, coach and monitor progress during the performance period and evaluate team performance.
• Identify training needs and follow up to ensure that skills gaps are closed.
• Organize and conduct efficient departmental meetings on a weekly basis and follow up to ensure action points are implemented by the responsible staff.
11. Any other duties as may be assigned by supervisor from time to time.

Key Working Relationships
Internal: Managing Director, CPO, Production Manager, Sales and Marketing Manager, Quality Assurance Manager, HR, Finance team
External: Board of Directors, URA, External Auditors, Suppliers, Company Bankers, Company Lawyers.

Minimum Job Requirements
Education: Bachelor of Commerce (Accounting or Finance option) or Bachelor of Business Administration (Accounting or Finance option). Professional qualification in either ACCA or CPA.

Professional Experience: At least five (5) years’ experience in financial management role in a reputable organization preferably in agricultural business.

Competencies: Leadership skills, Budgeting skills, Financial reporting skills, High degree of integrity, Analytical skills; A keen eye for detail and aptitude to probe data; Risk assessment & management skills, Planning, Administrative and organizing skills, Practical experience in using Advanced Excel and good grasp of financial technologies.



Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
Interested applicants Click here to apply

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