Finance Manager at Safal Group

Reference Number

MRMCS/05/05/2022/1

Description

Key Performance Areas:

• Responsible for overall management of the Finance Team.
• Manage monthly reporting with detailed analysis of sales and profit along with comparison with prior Rolling Estimate, Annual Business Plan and Previous Year.
• Manage the company’s working capital in Debtors and Inventories in accordance with the Cash Flows
• Plan and present Capital expenditure proposals in line with the Group policy and Cash Flows
• Ensure compliance of all applicable statutory and legal requirements; payment of PAYE/WHT & filing of PAYE / WHT returns - monthly / Quarterly / Annual; timely filing of the company's annual tax returns.
• Coordinate and lead the annual audit process, this includes planning and managing internal/statutory/ external audits.
• Oversee and lead annual budgeting and planning process; administer and review all financial plans and budgets; monitor progress and changes and keep the leadership team abreast of the organization’s financial status.
• Liaise with and provide support to HODs regarding departmental budgets, expenditures and financial reporting, this includes monitoring the budget implementation and advice on reallocation of funds when necessary.
• Ensure that all company assets records are well maintained in accordance with the accounting standards.
• Monitor depreciation of company assets to ensure that the provisions are made in accordance with the accounting standards.
• Plan, direct, and co-ordinate risk and insurance programs of establishments to control risks and losses.
• Analyze, classify risks and determine their potential impact on the company. Prepare operational and risk reports for management analysis.
• Direct insurance negotiations and ensure that internal processes are adhered to ensure our claims are honored should there be any in the year.
• Prepare Board Meeting reports and the circulation of the same to all the Board Members one week prior to the meeting.
• Update and implement all necessary finance policies and accounting practices from time to time in consultation with other senior finance officers.
• Set up and continuously evaluate internal control systems in line with changing demands, and ensure they are appropriately designed to serve the best interest of the company.
• Work closely and transparently with all external partners including third-party vendors and consultants.

Requirements

Qualifications required:

• Minimum academic qualification: a Bachelor’s Degree in Business Management/Finance/Accounting option. Master’s Degree in Finance is added advantage
• CPA (K), CFA, ACCA, CA
• Professional registration with an accounting Association

Experience required:

• General work experience (years): 15 years
• Specific to the position (level/discipline/years): 10 years
• Industry experience: Preferably Manufacturing
• Knowledge and use of SAP will be an added advantage

Key competencies and skills:

• An analytical mind
• Decision making skills
• Exceptional verbal and written communications skills and the ability to interact effectively with others, both internally and externally
• Leadership skills
• Mentoring Skills
• Problem solving skills