Job Vacancy

Job Summary

Responsible for creating the financial plan for the organization. To manage the source and use of funds in a cost efficient & effective manner. Accountable for ensuring budgets are prepared and made available on time, as well as ensuring accurate accounting in accordance with company law and accounting standards.

Tasks and Duties

Job specific tasks

• Define the company’s annual financial planning & budgeting process and designs resulting annual financial plan & budget.
• Assist departments in developing capital, operating and manpower budget and consolidate their budgets
• Interact with all functions to get inputs on budget and preparation of financial reports and forecasts
• Consolidate departmental budgets and develop master budget
• Monitor capital, operating and manpower spending and track the utilization of the budget
• Report on budget performance & variance reasons and produce explanation reports
• Manage credit in order to plan payments in a cost-effective manner
• Maintain adequate liquidity at all times by forecasting payment schedules and therefore manage the expected shortfalls/surpluses of funds
• Control financial operations of all departments
• Produce financial statements
• Regulatory Reporting and Payments: VAT, Income Tax (PAYE), SSNIT Contribution, 2nd Tier.

Managerial tasks

• Coach, motivate and retain staff, develop individual as well as team capabilities
• Lead the section to pursue goals and targets by month, quarter and year
• Manage and solve any occurring problem with suppliers
• Ensure that section has proper resources to conduct daily activities and achieve objectives
• Participate in recruitment activities for own section if requested by HR department
• Follow up on daily, weekly and monthly reports of all activities
• Provide reports and feedbacks to top management (formally and informally) and confer on key topics
• Evaluate performance, delegate responsibility and authority. Follow up to ensure proper performance

Expected results

• Use advanced financial skills to analyze, prepare and oversee financial reporting processes
• Build a strategic plan and budget to meet the goals of the company
• Minimize cost of doing business

Minimum Requirements & Qualification

• University degree in economics, business management and/or risk management
• ICA/ ACCA/ CIMA Qualified
• MBA optional

Skills & Competencies

• Proficient in accounting software
• Proficient in accounting software (QuickBooks)
• Must be adept in the use of Internet and E-mail