The posting
Job Description
JOB PROFILE FINANCE MANAGER J A QUARRY – WENCHI
ROLE PURPOSE The Finance Manager will lead the Company’s finance function and provide timely financial advice, reports and analysis to support management decisions. The role will oversee budgeting, treasury, financial controls, payroll and statutory compliance, while ensuring that the Company’s financial plans support its quarry operations and long-term business objectives.
REPORTS TO General Manager, with a dotted-line reporting relationship to the Group Financial Controller.
LOCATION Wenchi, Ghana
KEY RESULT AREAS
- Financial Strategy & Policy Development
- Financial Reporting & Corporate Finance
- Budgeting & Expenditure Control
- Payroll, Benefits & Statutory Compliance
- Treasury, Risk & Insurance Management
- Procurement, Inventory & Asset Controls
- Financial Systems & Records Management
- Stakeholder Relations & Management
KEY RESPONSIBILITIES
Financial Strategy & Policy Development
- Develop and implement the Company’s finance strategy in line with its overall business objectives.
- Lead the development and review of finance policies, standard operating procedures and controls across accounting, treasury and financial reporting.
- Work with the General Manager and Heads of Department to set short- and medium-term financial objectives and prepare annual operating and financial plans.
- Lead financial modelling and evaluate the assumptions, costs and expected returns of proposed investments and growth initiatives.
Financial Reporting & Corporate Finance
- Oversee the preparation and review of accurate and timely financial statements, management accounts and reports for management and Group Finance.
- Advise management on financial performance, profitability and the financial implications of business decisions.
- Manage the financial aspects of capital requirements, debt, equity, taxation, acquisitions and disposals in line with approved Group policies.
Budgeting & Expenditure Control
- Set budgeting and forecasting guidelines and coordinate the preparation of the annual budget with the General Manager and Heads of Department.
- Monitor actual expenditure against approved budgets, explain significant variances and agree corrective actions with department heads.
- Provide financial input to Sales and Marketing on contract terms, customer credit assessments, credit control and the collection of outstanding receivables.
Payroll, Benefits & Statutory Compliance
- Oversee payroll preparation, review and processing to ensure employees are paid accurately and on time.
- Coordinate the negotiation and administration of employee insurance and benefits plans with the relevant internal teams and service providers.
- Ensure payroll taxes, social security contributions, pension contributions and other statutory or benefits remittances are submitted on time.
- Ensure annual pension contribution statements are issued and supporting records are maintained.
Treasury, Risk & Insurance Management
- Monitor cash flow and working capital to ensure funds are available to meet operating and financial commitments.
- Negotiate credit facilities and other banking services as required, within approved limits.
- Monitor financial risks, assess whether existing controls are effective and recommend corrective action where needed.
- Advise management on appropriate insurance coverage for the Company’s assets, operations and contractual obligations.
Procurement, Inventory & Asset Controls
- Oversee procurement and related financial controls, including purchases, supplier agreements, facilities expenditure and equipment acquisition.
- Review the financial terms of leases, contracts and other commitments before approval.
- Oversee controls for the receipt, storage, issue and reconciliation of inventory, fuel and sundry supplies.
- Ensure fixed assets are properly recorded, depreciated and disposed of in accordance with approved procedures.
Financial Systems & Records Management
- Ensure finance systems meet Group requirements and support accurate transaction processing, effective controls and timely reporting.
- Assess improvements to accounting and reporting systems as operational needs change.
- Ensure financial and payroll records are stored securely, with appropriate access controls and retention procedures.
Stakeholder Relations & Management
- Work with the General Manager, Heads of Department, Group Finance and other Jospong Group entities to resolve financial and operational matters.
- Maintain effective working relationships with external auditors, financial institutions, fund managers, professional accounting bodies, service providers and contractors.
- Coordinate the Company’s financial reporting and compliance engagements with the Ghana Revenue Authority, the Social Security and National Insurance Trust and other relevant institutions.
- Perform other duties as assigned by the General Manager.
JOB SPECIFICATION
Education
- Master’s degree in accounting, Finance or a related field.
Professional Qualification
- Professional accounting qualification such as CA (ICAG), ACCA, CIMA, CPA or an equivalent qualification.
- Membership of a recognised professional accounting body.
Experience
- Ten (10) to twelve (12) years of progressive experience in accounting or finance, including responsibility for financial reporting, budgeting, treasury and financial controls.
- Experience in quarrying, mining, construction, manufacturing or a similar industrial environment will be an added advantage.
REQUIRED COMPETENCIES
- Strong knowledge of International Financial Reporting Standards (IFRS), accounting principles and financial controls.
- Working knowledge of Ghanaian tax, payroll, social security and pension requirements relevant to the finance function.
- Strong financial modelling, budgeting, forecasting and variance analysis skills.
- Good understanding of cash flow management, credit control and working capital management.
- Ability to oversee procurement expenditure, inventory, fuel and fixed asset controls.
- Proficiency in Microsoft Excel, Word and relevant accounting or enterprise resource planning (ERP) software.
- Ability to communicate financial information clearly and advise management on business decisions.
- Strong leadership, analytical, negotiation and stakeholder management skills.
- Ability to manage competing priorities and meet reporting and statutory deadlines.
- High level of integrity, confidentiality and professionalism.
