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Open nowPosted 1060 days ago

Chief Finance Officer

itmtanzanialimited313 open roles

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Your applicationOpen nowChief Finance Officeritmtanzanialimited

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The clock on this job

Early applications get read.

7.8% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 1.7%1 day
  2. 3.5%3 days
  3. 7.8%7 days
  4. 14.6%14 days
  5. 34.1%30 days
This job: posted 1060 days ago

The posting

Qualifications

• Master's degree in business administration, Accounting, or Finance required. • Certified Public Accountant designation preferred. • Eight to ten years of experience in financial management required. • Required Skills/Abilities: • Excellent management and supervisory skills. • Excellent analytical and organizational skills. • Proficient in database and accounting computer application systems. • Excellent written and verbal communication skills.

Responsibilities

FINANCIAL ACCOUNTING AND REPORTING • Efficient management of SLA with Group Financial Accounting and Treasury • Budgeting, forecasts e.t.c. to be challenged, produced and approved within dates • Financial and statutory reports produced within set deadlines and in line with International Financial Reporting Standards (IFRS)

PERFORMANCE MANAGEMENT • Assist EA CEO with optimization of Operations to ensure that they can be used as a template for expansion, • Identify KPI's to manage inefficiencies and follow up with resolutions.

MANAGEMENT OF CAPITAL EXPENDITURE AND PROJECTS • Appropriate CAPEX proposals authorised by Board/EA CEO/Group, • Finance project CAPEX expenditures and costs monitored. • Working capital optimized Close relationships with major local and international suppliers • Challenge Purchase Order requests and payment terms • Creditor days in line with prior year or improving, • Stock obsolescence identified in a timely manner and recoverability maximized.

BANKING RELATIONS • Ensure healthy relationship with financial institutions and. scout for relationships, Comply with all banking covenants, • Manage payments within approval rights, • Identify, Engage and Retain financial institutions for Fundraising, • EA lead for regional banks headquartered in Kenya

RISK MANAGEMENT AND CORPORATE GOVERNANCE • Maximum cash collection • Minimum levels of undetected theft and fraud. • All possible risks are controlled for by contingency plans. • All the assets are adequately tracked and appropriately insured. Claims are settled timeously and in full, • Compliance with local country legislation and regulatory requirements • Compliance with governance standards

AUDITING • Timeous submission of annual audited year end packs • Member of board audit committee • Clean audit reports and favourable internal audit reports • Internal and External Audits carried out effectively at the least possible audit cost. • Minimal audit hours.

MANAGE TAX REGULATORY AFFAIRS • Returns submitted on time as regulated and with the minimum tax payable • Actively manage recovery of unrefunded VAT. • Manage Transfer Pricing Policy • Local lead on Carbon Credits certification and regulatory discussions.

PERSONNEL MANAGEMENT • Efficient management of local Finance Team ensuring skill and resource gaps are efficiently managed, • Healthy relationship with other Heads of Department

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