Finance Manager

Education and qualification

• Business related degree preferably Bachelor of Commerce in Accounts or Finance
• Full CPA (T) or ACCA or its equivalent with three years relevant experience. Must be registered by NBAA as an Approved Accountant.
• Ability to set up and maintain financial systems and develop internal control procedures
• In-depth knowledge of corporate financial law, risk management practices, and accounting principles.
• Professional accounting designation preferred.
• Eight to ten years of experience in financial management required.

Required Skills/Abilities:

• Excellent management and supervisory skills.
• Excellent analytical and organizational skills.
• Proficient in database and accounting computer application systems.
• Excellent written and verbal communication skills.
• Deep local knowledge of Tanzanian VAT rules
• Deep local knowledge of compliance and regulatory environment
• Demonstrated competence in senior banking/financial institution relationship management.
• Proficient in Kiswahili

Responsobilities

Financial Accounting and Reporting

• Efficient management of SLA with Group Financial Accounting and Treasury Shared Service Centre
• Budgeting, forecasts e.t.c. to be challenged, produced and approved within dates set
• Financial and statutory reports produced within set deadlines and in line with International Financial Reporting Standards (IFRS)
• Analyze financial performance and provide recommendations to senior management for strategic decision-making.
• Conduct financial risk assessments and develop risk mitigation strategies.

Performance Management

• Assist TZ MD with optimization of Operations.
• Identify KPI’s to manage inefficiencies and follow up with resolutions

Management of Capital Expenditure and Projects

• CAPEX proposals challenged and authorized.
• Approve local CAPEX proposals for further authorization by Board/East Africa CEO/Group Finance
• Ensure CAPEX expenditures and costs are monitored and kept within approved budgets.

Working Capital

• Working capital optimized
• Close relationships with major local and international suppliers.
• Challenge Purchase Order requests and payment terms.
• Creditor days in line with prior year or improving.
• Stock obsolescence identified in a timely manner and recoverability maximized

1. Banking Relations

• Ensure healthy relationships with financial institutions and scout for relationships.
• Comply with all banking covenants.
• Manage payments within approval rights.
• East Africa lead for regional banks headquartered in Tanzania.

Risk Management and Corporate Governance

• Maximum cash collection.
• Ensure effective internal controls and compliance with financial regulations.
• Minimum levels of undetected theft and fraud.
• All possible risks are controlled for by contingency plans.
• All the assets are adequately tracked and appropriately insured.
• Claims are settled timeously and in full.
• Compliance with local country legislation and regulatory requirements.
• Compliance with governance standards.

Auditing

• Timeous submission of annual audited year end packs.
• Member of board audit committee.
• Clean audit reports and favourable internal audit reports.
• Internal and External Audits carried out effectively at the least possible audit cost.
• Minimal audit hours.
• Coordinate with external auditors and manage the annual audit process.

Manage Tax and Regulatory Affairs

• Returns submitted on time as regulated and with the minimum tax payable.
• Actively manage recovery of unrefunded VAT.
• Manage Transfer Pricing Policy.
• Local lead on smart meter VAT zero rating/exemption.
• Local lead on Carbon Credits certification and regulatory discussions.
• Ensure compliance with all financial regulations and standards, including tax laws and reporting requirements.
• Maintain accurate records and ensure timely submission of financial reports to regulatory bodies.
• Oversee corporate governance and risk management processes.
• Personnel Management
• Efficient management of local Finance Team ensuring skill and resource gaps are efficiently managed.
• Healthy relationship with other Heads of Department.