Finance Manager (1)

New

A Reputable Company

Job Summary

Responsible for the effective implementation and monitoring of financial and management accounting systems, policies and procedures for Kumasi Compost Plant.

  • Minimum Qualification: MBA / MSc
  • Experience Level: Management level
  • Experience Length: 10 years

Job Description

A Reputable company seeks the services of a Finance Manager (1)


Job Title: Finance Manager (1)


Reports To: General Manager


Job Location: Kumasi, Ashanti Region


Job Purpose

  • Responsible for the effective implementation and monitoring of financial and management accounting systems, policies and procedures for Kumasi Compost Plant.


Job Description

Strategy & Policy Development

  •  Participate in the development of strategy/business plan for the Finance Directorate and monitor its implementation.
  •  Develop for review/approval policies, standard operating procedures (SOPs), work plan and other support systems including monitoring mechanisms to achieve set targets of the

Finance Directorate

  •  Manage Treasury, insurance and risk management programs. Budget Preparation  Control
  •  Participate in the preparation of annual budget and monitor its implementation.
  •  Responsible for the preparation of variance analysis of revenue and expenditure against budget and report/advice on any deviations for corrective action.

Financial Accounting

  •  Provide leadership in the implementation and maintenance of internal financial controls.

This involves the following;-

  • Implementation and effective monitoring of all system accounts (General Ledger, Fixed Assets Register, Debtors and Creditors accounts, etc.) to ensure accuratenbalances
  • Preparing complete and accurate financial reports and analysis
  • Monitoring key financial risk indicators
  • Contributing to the improvement of the overall control environment of the company.
  • Monitor cash resources and advise on investment opportunities for as appropriate.
  • Direct the preparation of periodic Cash Flow Statements and submit report to Director for review/approval.
  • Responsible for the development of accounts payable/receivable systems and monitor it implementation to ensure that all payments are in line with approved accounting polices/ guidelines.
  • Review periodic bank reconciliation statements and accounts reconciliation and initiate corrective actions where necessary.
  • Review and analyze financial accounting systems and advice on any inconsistencies for remedial action.

Management Accounting

  •  Responsible for the development of effective Fixed Assets Register system and monitor its implementation to ensure compliance.
  •  Responsible for the preparation of Project Proposals for review/approval by

Director/Finance

  •  Monitor to ensure compliance of statutory deductions and payments (i.e. tax, SSNIT, etc.)
  •  Monitor cost/expenditure and prepare relevant reports to guide Management in decision- making.

Treasury; Cash Management

  •  Manage the treasury function and monitor to ensure that funds are available to meet operational requirements.
  •  Monitor to ensure the efficient management of company’s liquidity to maximise returns on assets through short/long term investment.
  •  Responsible for managing assets and liabilities.

Stakeholder Relations; Management

  •  Maintain professional relationships with External Auditors, Regulatory Agencies, Financial Institutions and other external stakeholders in the area of financial management.
  •  Manage business relationships with counter parties as appropriate. Information & Reporting
  •  Responsible for the maintenance and update of records on financial and non-financial data to facilitate qualitative and quantitative analysis of the Finance function to support

Management decision making

  •  Responsible for the preparation of monthly, quarterly and annual financial reports and any other report related to job function.
  •  Monitor to ensure that all financial and management accounting reporting systems are in line with regulatory requirements and International Financial Regulatory Standards.

Employee Performance; Development

  •  Hold direct reports accountable for the performance of assignments in their respective areas of responsibilities.
  •  Conduct performance appraisal and provide input for career development and recommend performance incentives for subordinate staff.
  •  Identify training needs and facilitate training for subordinate staff.

 

Qualification and Requirements

  • Masters Degree in Accounting, Finance, Commerce or related field
  • Ten (10) years working experience with at least 4 years in a management position
  • Must be a member of a recognized professional body. (ICA, ACCA, CIMA, CPA) Demonstrated knowledge in the use of accounting methodologies and tools.
  • Considerable knowledge of Accounting Standards and related regulations.
  • Good planning and organising skills.
  • Considerable knowledge of the International Financial Reporting System (IFRS), Accounting and Auditing Standards and related regulations.
  • Good financial knowledge, including treasury management, investment planning, asset allocation, etc.
  • Good knowledge/understanding of company’s operations.
  • Considerable knowledge and experience in strategic planning.
  • Demonstrated ability in financial modelling.
  • Excellent analytical ability and problem-solving skills.
  • Good negotiation and conflict management skills.
  • Excellent oral and written communication and presentation skills.
  • Ability to develop and maintain professional relationships with internal and external
  • Stakeholders and work effectively with all categories of employees.
  • Knowledge of project management.
  • Ability to work in a fast paced and often pressured environment.
  • Good knowledge in the use of accounting/financial software and tools, Microsoft Word, PowerPoint, Excel, Internet etc.
  • Considerable knowledge and understanding of enterprise-wide accounting information systems.
  • Good managerial, coaching, mentoring and interpersonal skills

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