Assistant Finance Manager at Sheer Logic

As Assistant Finance Manager, you will ensure the accuracy of stocks, accounts payable, prepayments, and creditor/accruals accounting records and provide periodic reports to the Finance department.

Specifically, He/She will be responsible for performing the following KRA’s to the highest standards:

Key Result Areas

• Assist the Finance Manager by providing full and accurate forecasting and budgeting proposals within the hotel and in other areas where required.
• Provide timely and accurate financial statements.
• Ensure all financial regulations are met, through the maintenance of adequate systems of internal control.
• Assist the Finance Manager in preparing capital reviews as required by the General/Hotel Manager and/or accountancy and Finance department.
• Train and develop the Finance Team Members and ensure succession plans are in place.
• Develop financial awareness of different hotel and resort management teams
• Ensure timely preparation of payroll and reports to ensure payments to associates
• Monitors all taxes that apply, ensuring that taxes are current, deducted, collected and/or accrued. Ensure timely remittances to the relevant tax office(s).
• In consultation with Finance Manager, coordinate compliance of internal control and embrace recommendations from internal and external auditors.
• Support Managers with costing process
• Manage foreign accounts and ensure that foreign currency holding levels are maintained at an optimal standard that enables the company to meet spending commitments.
• Implement performance standards for departmental staff
• Maintain relationships with the company’s banks, suppliers and other service providers so as to ensure that the company receives timely, quality and cost efficient services at all times.
• Analyse variances, explore potential problems with Department Heads and identify solutions.

Key Performance Indicators  

• Timely and accurate generation of key reports for the GM in consultation with Finance Manager in compliance with the reporting calendar.
• Business has sufficient cash to meet its obligations, at all times and excess cash invested profitably.
  Bank relations managed efficaciously.
• Accurate and up-to-date accounting records that comply with set accounting standards as prescribed by management,
• Realistic budgets compiled and budget variance monitored to ensure that (unapproved) variance is maintained under approved levels.
• Cost reduction targets met and/or exceeded
• Financial systems work efficiently and support information management, communication and reporting.
• Management accounts prepared and analysed for the management team on monthly basis
• Costing templates prepared for new and existing products

Job Specifications

Knowledge/Skills/Experience

• Degree in accounting or financial management.
• CPA (K) or the equivalent
• 5 year experience in Finance and accounting
• 2 years’ experience from the hospitality industry
• Knowledge of tax laws and regulations
• Experience in planning, budgeting and costing
• Experience with Oracle hospitality systems (Opera, MC, Sun, etc) is a must.

Competencies

• Financial planning and management
• Financial accounting
• Development of policies and procedures
• Budgeting and budgetary control
• Decision making skills
• Problem solving skills
• Costing and reporting skills
• Strong analytical skills
• Honest and reliable
• Work organisation and co-ordination skills
• Staff management, development and discipline skills