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Job Summary:

The Chief Finance Officer is responsible for the proper functioning of financial performance and decision making of the Company by reviewing the Company’s budget plan, monitoring financial operations and financial management system of the Company.

 

 

Main Duties and Responsibilities:

  • Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts;
  • Communicate, engage and interact with Board of Directors, CEO, COO and Executive Leadership Team;
  • Provides insight and recommendations to both short-term and long-term growth plan of organization;
  • Directs and oversees all aspects of the Accounting & Finance functions of the organization;
  • Mentors and develops the accounting and finance team, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic;
  • Makes sure the company has adequate internal controls;
  • Collaborates with senior leaders to develop financial strategies and shape the strategies with overall company strategy;
  • Provides strategic financial recommendations based on financial analysis, projections, and revenue/expense analysis;
  • Develops and oversees effective implementation of Company financial policies and procedures and ensure relevant government regulations are understood and duly observed by all concerned;
  • Develops and promotes a framework to drive financial acumen and accountability across the Company;
  • Implements financial analysis, budgeting and forecasting;
  • Prepares and presents monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow analysis;
  • Reviews and analyzes monthly financial results and provide recommendations;
  • Identifies, develops and executes analysis of business initiatives, product launches and/or new service offerings;
  • Develops and maintains monthly operating budget and annual company operating budget;
  • Oversees the preparation and presentation of financial reports, budgets and projections, and provides advice for senior management and other managers;
  • Reviews the general ledger structure, chart of accounts, policies and procedures to enable financial statement preparation and compliance with all required financial audits;
  • Establishes efficient workflows and business processes to meet the need of financial information of multiple internal and external stakeholders;
  • Defines annual financial performance target, financial indicators, performance targets, and monitor and evaluate accordingly in collaboration with senior management;
  • Supervises the accounting department to ensure the proper functioning of all systems, databases and financial software;
  • Provides regular maintenance and backup of all accounting systems and supervise company financial staff;
  • Oversees the preparation and communication of weekly, monthly and annual financial statements;
  • Oversee the preparation and timely filing of all local, state and federal tax;
  • Oversees the month-end close process, constantly reviewing procedures while eliminating inefficiencies;
  • Serves as a key point of contact for external auditors; and manage preparation and support of all externa clients;
  • Follows up compliance with tax and other regulatory and prudential requirements and guidelines and ensure timely and accurate payment of all tax and pension obligations to the concerned authorities;
  • Remains current on audit best practices as well as state, federal and local laws regarding company operations;
  • Prepares and submits periodic reports to the CEO;
  • Performs other activities as assigned by the CEO.

 

Competencies (Skills& abilities)

  • Leadership skills
  • Strong Knowledge & skills of managements accounting and financial operations
  • Outstanding knowledge and understanding of IFRS and Ethiopian tax law
  • ERP Sage 300 Premium experience and skill
  • Outstanding communication and presentation skills.
  • Demonstrated leadership ability and ability to motivate staff
  • Excellent analytical, reasoning and problem-solving skills
  • Significant experience working with external auditors and internal controls
  • Attention to details with ability to review own work
  • Good knowledge of influencing others
  • Good report writing skill
  • Analytical and problem-solving skills
  • Effective verbal and listening communication skills.

 

Qualification and Experience:

Master’s degree in Accounting, Management, Accounting and Finance, ACCA or related fields with twelve (12) years of demonstrated experience out of which six (6) years in a managerial position or Bachelor’s degree in Accounting, Management, Accounting and Finance or related fields with twelve (14) years of demonstrated experience out of which seven (7) years in a managerial position in similar FMCG business companies.

 

Job Details

Level : Executive level
Industry : Accounting
Salary : Confidential
Experience : 14 Years
Applications : 1
Locality : Addis Ababa, Ethiopia
Eligibility : Masters
Company : Kaziweza limite...
Posted By Kaziweza limite... / 11 Nov 2022

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