Finance Manager
ODAA Integrated Transport Share CompanyVacancy AnnouncementPosition: Finance ManagerManagement• Maintains a documented system of accounting policies and procedures• Manages outsourced functions and ensures compliance with policies and procedures• Oversees the operations of the departments and divisions, including the design of an organizational structure adequate for achieving the department’s goals and objectives• Presents potential scenarios and outcomes to management team• Manages the preparation and publication of departmental and organization financial documents• Examines financial and legal documents to verify accuracy and adherence to financial regulations and acceptable financial principles• Develops solutions for financial problems• Supervises staff located in HQ and others in destination offices• Prepares and monitors a work plan for the team and ensures performance evaluation of the same periodicallyFinancial Management• Prepares monthly reports related to cash flow positions, borrowing needs, and available funds for investment• Ensures that sufficient funds are available to meet ongoing operational and capital investment requirements• Uses hedging to mitigate financial risks related to the interest rates on the company’s borrowings, as well as on its foreign exchange positions• Maintains good and sustainable relationships with all the banks the company works with• Assists in determining the company’s proper capital structure• Prepares periodic financial reports (monthly, quarterly, bi-annually)• Ensures documentation relating to payments are duly approved by the authorized person• Facilitates audits from head office and other external bodies• Performs the payroll process after checking the time sheets are properly delivered. Reconcile payroll data with the time sheet record• Supervises all statutory payments to ensure they are paid on time. Reconcile the withholding tax collected against the payment effected• Pays corporate tax on time and renew the Business and Trade licenses accordingly• Takes care of logistical and procurement tasks• Works closely with the department heads and procurement and facility officer, to collect future procurement needs• Liaises with suppliers and procurement agents to ensure timely supply of requirements• Facilitates the preparation of long-term agreements for service providersBudgeting• Manages the preparation of the company’s monthly, quarterly, bi-annual and annual budget of all departments in collaboration with other departments• Reports to management on variances from the established budget, and the reasons for those variances• Assists management in the formulation of its overall strategic direction• Ensures all transactions are correctly booked to the correct department and in general follow-up of the proper implementation of the company’s chart of accountsFinancial Analysis• Engages in ongoing cost reduction analyses in all areas of the company• Engages in benchmarking studies to establish areas of potential operational improvement• Interprets the company’s financial results to management and recommends improvement activities• Reviews company bottlenecks and recommends changes to improve the overall level of company throughput• Performs a variety of advanced financial analyses to determine present and forecasted financial health of the company• Creates additional analyses and reports as requested by managementInformation Technology: Supervises and handles all information systems and technology related activitiesOthers• Maintains and keeps accurate and current files• Responds to queries on the status of payments/accounts/expenditures/ budget matters and resolve any discrepancies• Performs other related duties as required
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