Job Description

Finance Manager


Rs 80,000 - 100000


Job Detail


Our client is seeking to recruit a Finance Manager who will report to the General Manager and to the Group CFO.


Manage the Finance & Accounting function and ensure productivity.
Ensure that all accounting functions are accurately and effectively fulfilled.
Oversee financial and accounting system controls and standards used.
Ensure that financial ledgers and accounting processes are efficiently and correctly maintained.
Ensure quality control over financial transactions and financial reporting.
Drive efficiency of the accounting function through process & systems improvement and standardization.
Oversee all financial transactions and systems used.
Review, document, implement and monitor the s finance policies and procedures, incorporating both accounting policies and internal control procedures.
Oversee the preparation of the management and statutory accounts and appropriate files for external auditors.
Ensure accurate and timely financial information for statutory and management purposes.
Ensure the preparation of statutory financial reports in line with regulatory requirements.
Manage, monitor and control the inventory process and procedures and ensure a proper analysis of stock variances.
Develop and maintain accounting procedures and accounting standards.
Ensure compliance of credit policy and ensure collections are based on credit terms.

Ensure annual audits are properly planned and carried out effectively and efficiently, thus ensuring that financial reports are prepared within set timelines and that all regulatory requirements are met regarding the financial affairs.
Manage the communication with external auditors on external financial statements and accounting issues.
Liaise with the internal and external auditors to ensure relevant audit issues are addressed and internal controls are monitored.
Ensure audit recommendations are implemented to ensure mitigation of risks.
Ensure auditor agreement with company decisions on accounting disclosures.
Liaise with auditors and tax consultants and implement guidance.
Ensure a good collaboration with the tax advisors for calculation of tax and deferred tax.
Ensure the preparation of underlying supporting schedules for tax returns (VAT, PAYE, APS, Corporate Tax, etc....).
Oversee compliance to all tax and regulatory issues.
Advise Management on the implications and issues relating to business taxes.

Develop and control the annual operating budget to ensure that all financial objectives are met.
Define the budget preparation procedures and ensure they are applied by non-financial operational staff.
Ensure the preparation of forecast models for income statement, balance sheet and cash flow.
Work with the management and finance teams to prepare budgets, forecasts and other financial plans.
Collaborate with the various managers and HoDs, coordinate and direct the preparation of the budget, financial forecasts and report variances.
Prepare budget highlights/summary/brief to be used as guideline for the whole year.
Make recommendations for improvements in operations, monitoring and analysing monthly operating results and controlling both operational & capital expenditures.
Establish/prepare end of financial year forecasts based on revised budgets and latest events.
Predict future financial trends and develop long-term business plans based on these reports.
Build 3-5 year plans (P&L/BS/CF) by extrapolating from current results, estimates of current year's performance and strategic objectives defined by management .

Ensure the integrity of financial data used for analysis and reporting.
Review management accounts packs.
Ensure timely provision of financial and statistical reports for management.
Review the financial data and provide the management team with regular reports (monthly, quarterly and annually) on profitability and value management and analysis, etc…
Provide the management with insightful information including dashboards, statistics and other reports to help in making sound business decisions in the short and long term.
Analyse and interpret the monthly performance of the companies through variance analysis with budgets and/or targets.
Provide in-depth analysis of group business performance, comment on the operations and performance and recommend corrective actions.

Produce financial reports related to budgets, account payables, account receivables, expenses etc...
Collect, review and interpret financial information.
Present the quarterly and annual financial statements with an in-depth analysis and recommendations.
Oversee the preparation of Audit Committee and Board papers.
Oversee the preparation of presentations for the Audit Committee and Board meetings.

Ensure funds availability for the proper running of day-to-day operations by maintaining a proper daily/weekly cash flow.
Assist in the management of credit for both debtors and creditors.
Establish good credit terms with service providers and ensure proper payment management.
Ensure that there is prudent financial management, maintain optimum banking facilities and that such facilities are competitively priced.

Develop and implement appropriate internal controls to ensure accuracy of accounts.
Liaise with the management team to take appropriate measures to improve internal control.
Assess the effectiveness of the internal control measures.
Ensure procedures are adhered to or applied and respected.

Assist the CFO to develop strategies that work to minimise financial risk.

Ensure that physical existence and valuation of the assets are correctly reported in the financial statements through the Fixed Asset Register (FAR).
Maintain the integrity of the Fixed Asset Register (FAR).
Ensure correct depreciation rate as per accounting standards and Group policies.
Follow up of assets to be disposed or written off.
Ensure perpetual inventory of the group's assets.
Ensure that the business is adequately insured against all risks at all times and follow up on the renewals of the insurance.

Collaborate and coordinate the activities of outside suppliers of financial services hired or contracted by the Group, including accountants, auditors, financial consultants etc...

Monitor the performance of the accounting team and ensure proper reward management.
Ensure that the function under incumbent's are staffed to the correct level of skill and professionalism.
Develop a continuous stream of talent to ensure succession planning throughout the department.
Identify and develop high potential staff.
Lead, manage and motivate team members.
Ensure compliance to all HR, OHS and other related group policy and procedures.

Participate and assist in the development of the ERP and other information systems.
Ensure that the ERP, the reporting tools and the dashboards satisfy the needs of the management.

Participate and assist in the development of financial models and reporting tools.

what you need to know


Degree in Finance or Accounting or Economics.
ACCA qualified (Fellow).
Knowledge of auditing and taxes.
5 years in managerial accounting position.
Similar environment / Masters' degree in Finance or Accounting or Economics.
Thorough knowledge of accounting principles and procedures.
Strong understanding of tax regulations.
Proficiency in MS Office and accounting software.
Financial reporting skills.
Communication skills.
Good listening skills.
Negotiating skills.
Ability to deal with difficult customers.
Team spirit.
Decision making.
People management skills.
Analytical skills.
Ability to manage stress.

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Job information

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Published Date:

20 June