Job Description
Job Summary
- The Finance Manager manages the financial operations and is responsible for the company’s financial health.
- A member of the leadership team the Finance Manager is responsible for providing strategic and financial guidance and supervision to ensure the company’s financial and statutory commitments are met.
- The Finance Manager is responsible for developing all necessary policies, controls and procedures and ensure the sound financial management and control of the business.
Key Duties & Responsibilities
- Develop and oversee the company’s annual operating and capital expenditures budget to ensure that financial targets are appropriately established, tracked, and periodically reported on to the executive team and the board of directors.
- Ensure that all financial and statutory regulations are fully and timely complied with.
- Contribute to the achievement of the company’s business objectives by providing insight, advice and guidance on financial strategy.
- Provide decision support to the company’s functional managers to enable each to achieve their objectives.
- Oversee the preparation of the company’s financial accounts to ensure that these are presented accurately and on time and are compliant with all local and international tax and financial regulations.
- Be accountable for the closing of the month’s financial accounts and preparation of the monthly reports.
- Manage the business’ cashflow in the achievement of monthly and annual cashflow targets.
- Be accountable for the preparation and update of a risks and opportunities matrix against monthly and annual NSV and profit objectives.
- Develop and implement an internal audit program to ensure the company complies with financial procedures and regulations.
- Develop and maintain all necessary systems, policies, controls and procedures to ensure effective and efficient financial management within the company.
- Oversee cash management and banking relationships. Manage cash and investments and evaluate and make recommendations regarding the company’s dept structure.
- Ensure the finance team is appropriately motivated and skilled so that they carry out its responsibilities to the required standard
- Manage the annual audit and tax preparation process.
- Provide financial insight and guidance in any eventual acquisition or disposal of company’s assets
- Evaluate and advise on contracts and services provided by key suppliers and customers to ensure that these are provide best value to the company.
Knowledge, Skills, & Attitudes
- Financial strategy
- Commercial awareness
- Information technology
- Risk management
- Budgeting
- Reporting
- Legal tax and financial regulation
- Communication
- Annual budget build & monitoring
- Finance technology and data analysis
- People management
- Process and controls
- Credit control & customer receivables
- Value chain & margins
- Chartered accountant or an advanced finance degree preferred
- Written and oral communications
Key Performance Indicators (KPIs)
- Rolling 5-year financial strategic plan
- Annual Budgets
- Annual Audit report
- Monthly performance reports
- Effective cashflow management
- Robust processes in place for OTC & PTP
- Credit control process & receivables management.
- Monthly stock report and reconciliation
- Finance structure & people management, each line report has clear & documented objectives and an evaluation of performance against these objectives.
- A personal development plan for each of the finance team documenting the training required and outcomes expected.
- A succession plan for the finance team
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