Finance Manager
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New
Job summary
The Financial Controller provides leadership in financial planning, forecasting, budgeting, internal controls, and financial reporting to achieve outstanding business performance and growth. The Financial Controller develops and is responsible for implementing effective systems and processes to safeguard financial resources and to provide accurate and complete financial information and analysis to the Managing Director and the Board of Directors to aid decision-making.
Min Qualification:
Bachelors
Experience Level:
Mid level
Experience Length:
5 years
Job descriptions & requirements
Department: Finance
Location: Kampala
Level/Salary Range: TBD
Reports to: Managing Director
Direct Reports: Cost Accountant, Financial Accountant.
Contract Type: Fixed Term (4-years), renewable.
Job Purpose:
The Financial Controller provides leadership in financial planning, forecasting, budgeting, internal controls, and financial reporting to achieve outstanding business performance and growth. The Financial Controller develops and is responsible for implementing effective systems and processes to safeguard financial resources and to provide accurate and complete financial information and analysis to the Managing Director and the Board of Directors to aid decision-making.
Specific duties and responsibilities
1) Financial and operational planning for the company;
• Provide financial insights and analysis to support decision-making
• Develop accurate financial scenarios; analyze potential impact of a variety of economic conditions on the company’s revenues and plan for positive and negative outcomes.
• Financial forecasting and modeling to create profit projections.
• Oversee the company’s financial activities; implement cost-effective administrative systems and ensure smooth operations of financial processes.
2) Overall planning, forecasting, and preparation of the annual company budgets.
• Lead the preparation of the company’s annual budget for review and approval by the Managing Directors and Board of Directors, respectively.
• Advise departmental managers on expenditure control.
3) Treasury Management – ensure that the company’s cash is well managed at all times.
• Cash flow forecasting and planning
• Managing relationships with current and prospective creditors and advising management
• Promoting a good working relationship with the company’s bankers
• Tracking receivables, credit limits, collections, terms of trade, and reporting any non- compliances on time
• Ensure strict and accurate debt collection mechanisms
Inventory management and control: To ensure that the company's inventory is safeguarded from any form of loss or damage and that the stock levels are adequate to meet business needs at all times.
a. Supervising the management accountant for up-to-date stock records on raw materials, work in progress, and finished goods stock
b. Tracking stock levels and alerting management of any potential drop in inventory below the minimum stock levels
c. Ensuring that stock records are up to date and that there are regular stock taking exercises.
d. Investigate all abnormal stock variances and take appropriate action.
4) Develop and continuously update the Finance procedures manual, review and amend policies, and provide guidance to users.
5) Ensure timely and accurate financial reporting.
• Present periodic financial reports to Management and the Managing Director.
• Analyze financial statements and other performance indicators and provide the necessary feedback and recommendations.
• Ensure timely preparation of final accounts as well as external audits and close any audit queries/ implement recommendations.
6) Manage financial technologies/tools and recommend improvements to enhance efficient reporting and forecasting.
• Ensure the education of users and full adoption of financial technologies across the company.
• Oversee data integration.
7) Monitor and ensure full compliance with statutory obligations.
8) Responsible for managing the company’s financial risk exposure, identifying areas for improving efficiency and effectiveness, and improving financial performance.
9) Manage the appraisal of all new business proposals, projects, and partnerships and advise the Managing Director.
10) Coach, train, and motivate the Finance team
• Manage, coach, motivate, and support the Finance team; develop Key Performance Indicators (KPIs) for all team members, coach and monitor progress during the performance period, and evaluate team performance.
• Identify training needs and follow up to ensure that skills gaps are closed.
• Organize and conduct efficient departmental meetings every week and follow up to ensure action points are implemented by the responsible staff.
11) Any other duties as may be assigned by the supervisor from time to time.
Minimum Job Requirements
Education: Bachelor of Commerce (Accounting or Finance option) or Bachelor of Business Administration (Accounting or Finance option). Professional qualification in either ACCA or CPA
Professional Experience: At least five (5) years’ experience in a financial management role in a reputable organization.
Competencies: Leadership skills, Budgeting skills, Financial reporting skills, High degree of integrity, Analytical skills, A Keen eye for detail and aptitude to probe data, Risk assessment & management skills, Planning, Administrative, and organizing skills, Practical experience in using Advanced Excel, and a good grasp of financial technologies. In-depth understanding of the sales processes and dynamics, including identifying new business opportunities
opportunities, Ability to meet sales targets, Leadership skills, self-driven, fast-paced, enthusiastic and able to beat deadlines, Excellent communication, interpersonal, presentation, and customer service care skills, Creative with a high level of initiative, prioritization, and organization, Ability to multitask and to handle pressure, a high level of integrity, Data analysis and report writing skills, and computer skills in MS Word, MS Excel, and PowerPoint.
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