Reports to: D/G/Manager - Administration & Finance
Basic Functions:-
Manage, control and ensure that company accounting activities and procedures conform to generally accepted accounting principles and comply with the approved policies and procedures of the company as well as the rules and regulations of the Ethiopian Tax proclamation. Lead and coordinate all tasks and functions relate to financial reporting, Budgeting, cash flow management, debt financing, Fulfill in a timely manner all financial obligation and requirement with third parties, i.e. external audit, Banks, Lenders, suppliers and other, seek and analyze business investment opportunities to make optimum use of the company’s funds.
Key Responsibilities
Manage, control and ensure the company accounting activities and procedures conform to generally accepted accounting principles
Ensure that all financial transactions are handled and processed in-line with the approved policies and procedures
Oversee the daily operations of the finance department
Prepare the monthly financial reports with all needed financial and costing analysis comparing with budget and key performance indicators
Manage the preparation of the official annual report of actual revenues, transfers and expenses.
Manage the preparation of financial outlooks and financial forecasts in coordination with other departments.
Ensure that the company is continuously keeping sufficient fund to fulfill its financial obligations by preparing monthly cash flow forecast. Monitor the actual cash flow against forecast and take the necessary measure to remedy variances.
Direct and coordinate debt financing and debt service payments with external agencies and monitor terms, conditions and covenants and ensure compliance with the same.
Prepare financial analysis for contract negotiations and product investment decisions.
Ensure compliance with local, state, and federal budgetary reporting requirements.
Lead and coordinate with all other department the preparation of annual operating budget and developing 3-10 years business plans for the company.
Recommend benchmarks for measuring the financial and operating performance of divisions and departments.
Establish and implement short-and long-range departmental goals, objectives, policies, and operating procedures
Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department’s goals and objectives
Serve as primary legislative liaison for company financial issues
Provide needed support to Managing Director and other Departments Head in developing financial and budget policies and procedures.
Ensure the aging of accounts are prepared to determine the liquidity of receivables
In conjunction with concerned departments and units, develop proposals to dispose of by auction equipment and materials with no book value or which are obsolete and unusable.
Ensure that financial controls are in place at functions and provide recommendations for procedural improvements.
Perform any other related tasks as required
Remuneration
Attractive salary
Benefits include transportation, medical coverage and bonuses based on profit of the company.
Job Requirement
Skills and Essential Requirements
BA Degree in Accounting
A minimum of 5 Years of experience in a senior level Finance or Accounting position (preferably in a manufacturing company)
A CPA or CMA professional qualification preferred
Knowledge of finance, accounting budgeting, and cost control principles including generally accepted accounting principles
General Knowledge of ERP Systems and the relation of other modules with accounting and finance modules and the associated controls
Knowledge of automated financial and accounting reporting systems
Excellent Knowledge of Ethiopian tax proclamation and regulations
Ability to analyze financial data and prepare financial reports, statements and projections
Good knowledge in the cost accounting and financial analysis
General knowledge of the manufacturing cost accounting, i.e. product cost, inventor, standard cost, variance analysis between actual and standard cost
Working knowledge of short and long term budgeting and forecasting, rolling budgets, and product-line profitability analysis
Work requires professional written and verbal communication and interpersonal skills
Work also requires willingness to work on multitask, long hours and under pressure so as to meet deadlines
Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects