The posting
Education and qualification
- Business related degree preferably Bachelor of Commerce in Accounts or Finance
- Full CPA (T) or ACCA or its equivalent with three years relevant experience. Must be registered by NBAA as an Approved Accountant.
- Ability to set up and maintain financial systems and develop internal control procedures
- In-depth knowledge of corporate financial law, risk management practices, and accounting principles.
- Professional accounting 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.
- Deep local knowledge of Tanzanian VAT rules
- Deep local knowledge of compliance and regulatory environment
- Demonstrated competence in senior banking/financial institution relationship management.
- Proficient in Kiswahili
Responsobilities
Financial Accounting and Reporting
- Efficient management of SLA with Group Financial Accounting and Treasury Shared Service Centre
- Budgeting, forecasts e.t.c. to be challenged, produced and approved within dates set
- Financial and statutory reports produced within set deadlines and in line with International Financial Reporting Standards (IFRS)
- Analyze financial performance and provide recommendations to senior management for strategic decision-making.
- Conduct financial risk assessments and develop risk mitigation strategies.
Performance Management
- Assist TZ MD with optimization of Operations.
- Identify KPI’s to manage inefficiencies and follow up with resolutions
Management of Capital Expenditure and Projects
- CAPEX proposals challenged and authorized.
- Approve local CAPEX proposals for further authorization by Board/East Africa CEO/Group Finance
- Ensure CAPEX expenditures and costs are monitored and kept within approved budgets.
Working Capital
- 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 relationships with financial institutions and scout for relationships.
- Comply with all banking covenants.
- Manage payments within approval rights.
- East Africa lead for regional banks headquartered in Tanzania.
Risk Management and Corporate Governance
- Maximum cash collection.
- Ensure effective internal controls and compliance with financial regulations.
- 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.
- Coordinate with external auditors and manage the annual audit process.
Manage Tax and 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 smart meter VAT zero rating/exemption.
- Local lead on Carbon Credits certification and regulatory discussions.
- Ensure compliance with all financial regulations and standards, including tax laws and reporting requirements.
- Maintain accurate records and ensure timely submission of financial reports to regulatory bodies.
- Oversee corporate governance and risk management processes.
- Personnel Management
- Efficient management of local Finance Team ensuring skill and resource gaps are efficiently managed.
- Healthy relationship with other Heads of Department.
