Chief Finance Officer
Qualifications
• Master's degree in business administration, Accounting, or Finance required.
• Certified Public Accountant 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.
Responsibilities
FINANCIAL ACCOUNTING AND REPORTING
• Efficient management of SLA with Group Financial Accounting and Treasury
• Budgeting, forecasts e.t.c. to be challenged, produced and approved within dates
• Financial and statutory reports produced within set deadlines and in line with International Financial Reporting Standards (IFRS)
PERFORMANCE MANAGEMENT
• Assist EA CEO with optimization of Operations to ensure that they can be used as a template for expansion,
• Identify KPI's to manage inefficiencies and follow up with resolutions.
MANAGEMENT OF CAPITAL EXPENDITURE AND PROJECTS
• Appropriate CAPEX proposals authorised by Board/EA CEO/Group, • Finance project CAPEX expenditures and costs monitored.
• 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.
BANKING RELATIONS
• Ensure healthy relationship with financial institutions and. scout for relationships,
Comply with all banking covenants,
• Manage payments within approval rights,
• Identify, Engage and Retain financial institutions for Fundraising,
• EA lead for regional banks headquartered in Kenya
RISK MANAGEMENT AND CORPORATE GOVERNANCE
• Maximum cash collection
• 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.
MANAGE TAX 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 Carbon Credits certification and regulatory discussions.
PERSONNEL MANAGEMENT
• Efficient management of local Finance Team ensuring skill and resource gaps are efficiently managed,
• Healthy relationship with other Heads of Department
About ITM Tanzania Limited
ITM Tanzania is a leading and comprehensive Human Capital Development and Business Solutions Company. Our team of highly qualified, competent, and experienced experts offers services and 360 support to reaching your organization's objectives at the expected timeline.
The company was incorporated under the United Republic of Tanzania's laws in 2018 to represent ITM SARL's vision, mission, and core values.
We are dedicated to providing our clients with top-notch and comprehensive services from outsourcing, recruitment, placement, talent acquisition and nurturing professional training and capacity building, and human resource advisory to industry solution services. We have extensive local knowledge with a participative global perspective to generate lasting value that meet and exceed the demand of our clients and the ever-growing competitive market.
ITM Tanzania was established to provide tailored solutions to our clients and assist them in solving their operational problems in a sustainable, efficient, and effective way.
Chief Finance Officer
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