Key aims and objectives
Sound Financial accounting and management
Budget Preparation
Financial Policies & Procedures development and management
Preparation of monthly financial reports for all the business units within the company
Responsibilities
Assessment of the company’s performance against both the annual budget (in line with the levers of control) and the company’s approved 5-year Plan.
Develops tools and systems to provide critical financial and operational information to the Group CFO and provides actionable recommendations on both strategy and operations.
Put the right mechanism in place to ensure business units pays all obligations on due date, stays Cash-Flow Positive throughout the period in line with the financial indicators in the plan
“Responsible for the seamless and real-time running of the financial reporting processes to aid speed of service delivery to both internal and external parties.
Report the actual financial Performance and compare with the Control Levers.
Oversee payroll budgeting, monthly payroll and all related controls. Assist in the design, implementation, and timely calculations of salaries, incentives, and bonuses and ensure adequate cash flow for payroll payments.
Periodic Key account reconciliation and Trial Balance review
Put the right mechanism in place to meet all Suppliers obligations on due date, stays Cash-Flow Positive throughout the period in line with the financial indicators in the plan, and Code of Business Conduct.
Perform management duties and actively contribute to business unit’s financial, operations and strategic plans
Organize monthly budgetary control meeting with the departments and the budget control team
Study monthly the variances of the budgetary control to find out the causes.
Value the variances cause impact on the business.
Implement action plan to correct the variances.
Ensure the departmental budgets are consistent with budget objectives and business plan.
Check all the variances with the history and value their impact on the budget
Develop and maintain timely and accurate financial statements and reports that are appropriate for the users (directors) and in accordance with generally accepted accounting principles (GAAP)
Develop, implement, and ensure compliance with internal financial and accounting policies and procedures
Ensure that all statutory requirements of the organization are met including Withholding Payments (CPP, EI), Income Tax, Goods and Services Tax, PAYE,
Prepare all supporting information for the annual audit and liaise with the company’s external auditors as necessary
Document and maintain complete and accurate supporting information for all financial transactions
Review monthly results and implement monthly variance reporting
Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate
Assist the Group CFO with the preparation of budgets for funding applications for growth and development expansion programs
Maintain financial records for each project in a manner that facilitates management reports
Monitor risk management policies and procedures to ensure that program and organizational risks are minimized
Maximize income where possible and appropriate
Negotiate with Bank for lines of credit or other financial services as required and appropriate
Oversee the management of all leases, contracts and other financial commitments.
Other duties that may be assigned by the Group – CFO
Qualifications
University Degree – University Degree in Accounting, Finance or related field, Master’s degree in related field will be an added advantage. (auditing & accounting experience is preferred)
Professional qualification ACCA, ICAN, ICMA, ACA, etc
10 – 12 years’ work experience required preferably in QSR business
Proficiency in Excel; ERPs; Ms Dynamics Navision is an advantage
High Integrity, utmost confidentiality level
Good analytical skills
Detail-oriented with expert knowledge of (GAAP) accounting procedures and financial reporting practices
A professional certification in accounting or a related field highly desired.
Budgeting and budget management experience required.
Proven ability to analyze reports or issues and to provide appropriate recommendations required.
Availability to perform work assignments out of the country required.
Sound knowledge of local law in the areas of taxation and local regulatory reporting obligations is required
Strong knowledge of effective management practices desired
Knowledge of the relevant public donors’ regulations will be highly desired
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