Tugende

Financial Planning, Analysis and Reporting

Job Summary

To support the CFO in the delivery of strategic and timely business insights by ensuring that reports on financial performance promptly and accurately prepared and delivered to both internal and external stakeholders.

  • Minimum Qualification: Bachelor
  • Experience Level: Senior level
  • Experience Length: 6 years

Job Description

Role: Financial Planning, Analysis and Reporting

Department: Finance

Reports To: Chief Financial Officer

Direct Reports: Senior Accountants/ Accountants


Job Summary:

  • To support the CFO in the delivery of strategic and timely business insights by ensuring that reports on financial performance promptly and accurately prepared and delivered to both internal and external stakeholders.
  • To oversee the provision of financial decision support services to business division leaders by ensuring that timely, accurate and tailored financial information proactively generated and provided. Lead in the annual budgeting and planning exercise for the Group.


What you will learn from this job?

  • How to develop and understand Tugende's key financial assumptions and trends that impact performance.
  • Build liaison and work interfaces between Tugende's Finance and the Operations team.
  • Understand key financial data points required for management decisions and how to minimize financial statements and other risks that may exist.


Key Duties and Responsibilities

Planning and Analysis

  • Drive the annual budgeting and business planning process and guide Decision Support partners.
  • Prepare medium- and long-term Business Plans as well as monthly forecasts {Income Statement, Balance Sheet and Cash Flow forecasts}
  • Prepare investment cases for review by Senior Management – New products, New Markets Business Optimization
  • Work directly with the CFO and other senior staff on major finance projects and ventures or alliances that have a significant financial impact for example Implementation of ERP Systems & amp; Planning Tools
  • Develop a practical framework for the structuring and negotiation of customer and supplier contracts, providing financial and commercial input as appropriate
  • Support and advice on pricing models for new and existing business
  • Research programs, capabilities and processes of best-in-class competitors, vendors and industry experts to identify best practices.
  • Define and establish projects and initiatives that will improve efficiencies across governance, reporting, planning and project management.


Reporting

  • Oversee the reporting of monthly financial results of the Group including monthly consolidation
  • Reviews and reports on the financial performance of the various business segments and. Makes appropriate recommendations
  • Review performance with Group Heads/Line Managers and identify drivers and improve performance within their divisions. Work with Business Partners to ensure that agreed initiatives implemented
  • Prepare monthly updates to the Board and Shareholders on both financial and non-financial metrics.
  • Manage investor due diligence process, with preparations and having data available to be able to plan for the investors' demands.
  • Coordinate investment transactions closure - making follow-ups, on documents, signatures, update stakeholders and managing all post-deal procedures.
  • Coordinate the preparation of board committees' packs


Risk Management

  • Oversee compliance and implementation for group businesses, and lead the first line of the defense team, policies and remediation of operational risks.
  • Ensure communication of findings and a mediation plan in place.


Requirements

Qualification, Knowledge & abilities, Experience and skills;

  • Minimum of Bachelor's degree in a quantitative field
  • MBA or Master's degree in a related discipline is desirable
  • Should possess an advanced professional certification such as CPA, ACCA, ICAEW, CIMA, CFA
  • Minimum of 6 years of relevant experience at least 3 of which should be at a managerial level.
  • Experience with ERP systems would be highly desirable.
  • Having strong analytical skills and having a keen eye for attention to detail.
  • Adopt and champion the values that Tugende stands for Integrity, Empathy, Teamwork, Solutions- Oriented and Always growing


Behavioural Competencies

  • Budget Planning & Implementation
  • Turnaround time of budget preparation
  • Number and value of budget deviations

Business Partnering

  • Ability to proactively identify business financial needs
  • Timely resolution of financial issues
  • Relevance of recommendations to business
  • Effective allocation of Finance Decision Support Partners
  • Number of business losses made due to wrong or high-risk financial decisions are taken
  • Provide Feedback from Group Heads/Line managers

Financial Reporting

  • Timeliness, completeness and accuracy of monthly management reports
  • Timeliness and accuracy of segmental reports as well as project and product financial reports
  • Delays to decision-making caused by inaccurate financial statements or management reports

Financial Controls

  • Keep up to date financial policies and procedures and advice on process improvements.
  • Ensuring compliance with regulations and rules and established policies and procedures.

Assets Management

  • Accuracy of records
  • Effective monitoring of income and expenditure


Benefits

Career Trajectory: This is a senior role with significant potential to grow as the business expands. You can be promoted to Regional Finance Manager, Chief Financial Officer (CFO), Global Finance Manager, Global Chief Financial Officer.

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