Finance and Administration Manager

The Finance Manager plays a critical role in safeguarding the company’s financial integrity. They are entrusted with the meticulous preparation and analysis of financial reports, ensuring they are precise, compliant, and currentin accordance with International Financial Reporting Standards (IFRS) and local statutory regulations. The role demands a professional who is not only adeptin financial management but also committed to upholding thehighest standards of financial accuracy and regulatory adherence Responsibilities FinancialOversight:Oversee the company’s general ledger, payables,receivables, and inventory, ensuring all accounting policies and processes are up-to-date and in line with best practices. BudgetManagement: Direct the company’s budgeting, financial projects, and operational expenses, maintaining strict financial and internal controls to support the company’s financial activities. Reporting & Compliance: Prepare timely weekly and monthly financial reports, coordinate statutory accounts, and ensure all financial reporting is compliant with IFRS and statutory regulations. StakeholderRelations: Manage relationships with bankers and financial stakeholders, ensuring effective communication and collaboration. Asset & Audit Support: Monitor receivables, manage fixed assets, and contribute to audit activities by providing necessary documentation and analysis. StrategicContribution: Play a key role in the overall success of the Company and the Group, undertaking special projects and additional responsibilities as assigned by the Financial Controller/CFO Key Perfomance Indicators Financial Reporting Excellence – 40% MonthlyManagementAccounts: Ensure monthlymanagementaccounts are prepared with utmost accuracy and reviewed in collaboration with the Financial Controller by workday . LedgerReconciliation: Maintain rigorous reconciliation of generalledgerswithsub-ledgers, guaranteeing accuracy and completeness. ReportingAdherence:Strictly adhere to allreportingdeadlinesas mandated by internal policies and regulatory bodies. ERPTransactionJournals: Prepare and verify transaction journals on the ERP with precision. Statutory Reporting Compliance – 20% Audit Timeliness: Secure audited financial statements, signed within five months of the new financial year. AuditSupport:Provide comprehensive supportto external auditors andregulatory agencies during audits and engagements. Tax Audit Assistance: Offer diligent support during tax audits and statutory exercises. Statutory Filing: Assist in the preparation and filing of timely reports for statutory bodies (ITF, NSITF, FIRS, etc). All statutory filings must be completed minimum of 5 days before the deadlines. Assets & Receivables Oversight – 20% Inventory Reconciliation: Collaborate with the Warehouse Manager and site managers/supervisors across all sites to reconcile stock usage and reports. FixedAssetsRegister:Maintain an accurate fixed assets registerfor proper accounting. ReceivablesManagement:Keep receivable trackers updated and manage B2B receivable days within contractual timelines. Invoicing Support: Ensure the Account Associate is well positioned to invoice clients within 24 hours from receipt of GRN or SES. Invoice Dispatch: Ensure invoices are dispatched correctly and timely, meeting client?specific requirements. People Management – 10% Team Collaboration: Work effectively with team members and stakeholders, fostering a collaborative environment. Department Liaison: Act as a liaison, addressing financial queries and supporting other departments. Innovative Contributions – 10% Continuous Improvement: Propose improvements for the finance team and the broader business. Teamwork: Engage in active collaboration with team members to foster innovation. Requirements Knowledge and Experience Relevant Bachelors’ degree in Finance, Accounts, Finance. Master Degree will be an added advantage. Proven working experience with a minimum of 2 -4 years as a Finance and Administration Manager or relevant supervisory role. A Professional certification in accounting and finance from a recognized professional body (e.g. CPA, CFA, CGMA, ACCA, ICAN etc.) TechnologicalProficiency:Familiarity with financial software (D365 preferred) and statistical modelling. IndustryandRegionalKnowledge:Upto date with industry-specific knowledge, IFRS and relevant Tanzanian tax, and other regulations with continuous desire for learning to stay ahead in the field. Analytical Skills: Skilled in interpreting complex data, identifying trends, and providing actionable insights. Leadership:Strong leadership skills to lead and inspire teams and support the business management’s decision making. Independence:Self-motivated individual with the ability to work independently, take initiative, and collaborate effectively to achieve corporate objectives. Communication: Excellent communication abilities to convey financial insights and strategies clearly. Problem-Solving: Adept at analysing budgets, calculating investment risks, and finding effective solutions Please send your detailed CV with 3 referees and their available contacts information to info@fnlservices.co.tz on or before 01st July 2024