Finance Manager at Lafayette Resources

Purpose of the Role

The Finance Manager is responsible for the overall financial management, business analysis and reporting ensuring ongoing viability and a secure financial future in line with the organization strategy.

The job holder is expected to ensure organizational efficiency and effectiveness through participation in decision making, advising on the financial status of the organization, communication and implementation of agreed upon decisions.

Finance Manager Job Responsibilities

Financial Management and Reporting

• Formulation and implementation of finance and accounting policies and procedures in compliance with
• International Accounting Standards (IAS/IFRS).
• Formulating and implementing of an effective system of internal control that safeguards and ensures optimal utilization organization’s assets and resources and prevents fraud and irregularities.
• Ensuring the organization’s assets and liabilities are safeguarded and recorded correctly;
• Ensuring prudent financial management in the Organization.
• Giving guidance in all financial and accounting matters.
• Overseeing custody and control of accountable documents.
• Ensuring timely reconciliation of accounts, expenditure control and payment of suppliers.
• Overseeing timely preparation and payment of employees’ salaries, tax and other statutory deductions.
• Ensuring production of accurate and timely financial and management reports to the board and Management, in compliance with International Financial Reporting Standards (IFRS), local accounting regulatory body requirements.
• Solving any queries with TRA Income Tax, and Gaming Board of Tanzania.
• Production of timely and accurate reports as specified.
• Production of statutory financial statements and reports in accordance

Cash and Treasury Management

• Ensure the company has sufficient cash within the head office and field offices to enable effective implementation of programme work and meet immediate obligations.
• Manage exchange to ensure losses are minimized when making foreign currency sales.
• Manage any purchases with suppliers abroad and related importation requirements.
• Advise management of any adverse economic status especially where major currency losses may be realized; and ensure the company has sufficient reserves in compliance with company reserve requirements and to ensure financial stability.

Budgeting

• Coordination of annual budgeting and forecasting in accordance with the guidelines and procedures in furtherance of the CSP implementation.
• Preparation of consolidated detailed and summary annual expenditure budgets that aid management and board in making necessary decisions and in compliance with the company requirements.
• Lead the organization in allocation of financial resources including both sponsorship income and partnership incomes to ensure financial stability and good liquidity of the organization; and production of three-year financial plans within the prescribed timetable.

Audit

• Ensuring that financial statements and schedules are prepared for internal or external auditors as required.
• Ensuring sufficient audit trails are maintained for all transactions of the company.
• Provision of support to internal and external auditors; and follow up and implementation of agreed recommendations by both internal and external auditors.

Staff Management, Development and Performance Measurement

• Ensuring efficient and effective management of staff within the department taking into account staff skills and leave allowance.
• Provides resources and removes obstacles to performance
• Lead the development of financial management skills for the finance and non-finance staff of the company.
• Undertake performance appraisal for staff in the department and initiation of correction actions for identified gaps.
• Facilitate training & development and undertake coaching and mentoring of staff within the department.
• Development of organizational wide performance measurement system and impact assessment indicators; and participate in Board and Senior Management meetings and give necessary support and information.
• Manage the conditions of all employees under his/her span of control examples attendance, leave and adherence to the highest standard of compliance to all codes of conduct, relevant procedures and policies as
• well as the protection of company assets.
• Maintains adequate staffing levels within the Finance Department, by interviewing, selecting, training, scheduling, evaluating, assisting with career development, promoting, disciplining and terminating Employees, as needed.
• Facilitates the flow of information, by organizing and presiding over regularly scheduled meetings with all
• Employees under his/her span of control.
• Product Awareness/ knowledge – Ensure that all employees under his/her span of control are aware and kept up to date with all information related to, but not limited to, promotions, functions, facilities, tournaments etc.
• Ensure that all employees under his/her span of control at all times uphold the highest standard of dress code, hygiene and appearances.

Qualifications for the Finance Manager Job

• A bachelor’s Degree in a business related field
• Qualified Professional Accountant – Certified Public Accountant of Kenya CPA(K)
• Minimum 8-10 years working experience in financial management and accounting work in a large organization of which at least five (5) years must have been at senior management position.
• Work experience in a Casino is preferred
• Is a member with good standing of relevant professional body
• Experience in Audit, tax laws, and financial analysis.
• Well-developed conceptual, strategic and analytical abilities
• Experienced analytical skills with attention to detail
• Basic people management skills