1 month ago
Finance Operations Analyst
Sim Packaging Solutions
Accounting, Auditing & Finance
Manufacturing & Warehousing
Confidential
Easy Apply
Job Summary
A Finance Operations Analyst is responsible for providing financial analysis and reporting to support operational decision-making. The role will focus on analysing data, cost structures, improving operational efficiency and ensuring accuracy of financial data related to manufacturing/business processes.
- Minimum Qualification : Bachelors
- Experience Level : Mid level
- Experience Length : 3 years
Job Description/Requirements
Job Grade:
Department: Finance Duty Station: Kampala
Reports to /Title of Immediate
Supervisor: General Manager
Supervises: • Accounts officer and GITs.
Job Purpose:
A Finance Operations Analyst is responsible for providing financial analysis and reporting to support operational decision-making. The role will focus on analysing data, cost structures, improving operational efficiency and ensuring accuracy of financial data related to manufacturing/business processes.
Key Stakeholders:
• Inventory team
• Quality, Risk and Safety
• All other functions and employees
• Bankers, Regulators, Suppliers, Customers and other business partners
Functional Outputs/Activities per key performance area:
1) Financial Reporting and Analysis:
2) Prepare monthly journal entries, monthly general ledger reconciliations of various balance sheet accounts and ensure its accuracy and legitimacy of the transaction with supporting documentation
3) Verify the accuracy of data posted onto SAP in regard to proper accounting entries, Account classifications.
• Monitor and analyze key financial and operational metrics including standard, actual costs, variances and manufacturing overheads
• Conduct deep dives into cost drivers to identify areas for potential cost reduction and improved profitability
1. Operational support:
• Perform the administration of creditors like Vendors, Financial institutions and ensuring system and processes in these areas are maintained in accordance with policies and procedures
• Ensure transactions are timely posted on the SAP system
• Maintaining accurate vendor information, including contact details and payment terms, to streamline the payment process
• Regularly monitor the aging of accounts payable to identify potential issues with overdue invoices and take corrective action
• Investigating and resolving any discrepancies or disputes with supplier invoices to avoid unnecessary payments
• Ensure timely filing of tax returns and payment scheduling
• Investigating and resolving billing disputes or discrepancies in a professional manner
• Preparing reports and analysing accounts receivable status, aging, and collection performance for management review
• Perform the administration of customers and ensuring system & processes in these areas are maintained in accordance with policies and procedures
• Ensure accuracy of Sales invoices & stock data captured on EFRIS
• Participate in planning and forecasting processes and develop financial models
• Collaborate with cross functional teams to understand cost impacts and provide financial guidance
• Assist in the development and implementation of controls and procedures to ensure financial integrity
2. Cash Flow Management
• Payment scheduling by determining the optimal timing for payments based on due dates and available cash flow
• Negotiating with suppliers to extend payment terms where possible, allowing the company to hold onto cash for a longer period thus improving the Net working capital days
• Providing input to the company's cash flow forecasts by estimating future payable amounts based on purchase orders and outstanding invoices
3. Taxation
• Ensure timely calculations & filing of all Tax heads VAT, WHT, PAYE, LED NSSF by 15th of every month
• Ensure the accuracy of all tax ledger balances
• Active participation in the different audits carried out by tax authorities
• SAP General ledger reconciliations of all tax heads.
4. Asset Management
• Asset Allocation and record to the proper general accounts
• Implementing robust internal controls for safeguarding organization’s fixed assets
Minimum Qualification Requirements:
4) Bachelor's degree in accounting, finance or related field.
• Professional certification in CPA, CMA or ACCA is highly desirable
• Strong understanding of the accounting principles to guide in execution of transactions
• Ability to analyse complex financial data
• Attention to detail and Integrity
Related Minimum Experience:
• Minimum of >3 years employment experience preferably in a manufacturing setting.
• Proficiency in financial software and advanced excel skills
• Good at ERP systems tailored to manufacturing
Competencies Required:
Behavioural
5) Must be of unquestionable integrity, Honesty, Trustworthiness and Professionalism
Leadership
6) Must be a team player.
7) Must be a self-starter and have an appreciation of business growth and priorities.
8) Strong Leadership potential to effectively drive a business agenda and operational coordination of activities.
Knowledge.
• Advanced experience with MS Office.
• Risk-based thinking and decision making.
• Good understanding of GMP.
Skills
9) Excellent communication skills (both oral & written).
10) Good analytical skills.
11) Good interpersonal skills.
Attributes include:
• Good at trouble shooting.
• Self-starter & team working skills.
• confidence and impartial in decision making.
• Strong interpersonal skills.
• Good time management and organizational skills.
Growth Potential:
12) Successful candidate will be set up for cross functional growth to
Physical Requirements and Environmental Conditions
• Inventory team
• Quality, Risk and Safety
• All other functions and employees
• Bankers, Regulators, Suppliers, Customers and other business partners
Frequency of travel: Occasional travel is required from one location to another; the location may vary and may require overnight stays
How to Apply:
All applications will be received and reviewed through the BrighterMonday Portal by clicking on the 'Apply Here' section
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