Finance Controller

Main Purpose:

This position is responsible for collection and risk mitigation part of the Credit and Control process, including review of credit reports, maintaining control over customer balances and taking action relating to collection and recovery process.

Knowledge Skills and Abilities, Key Responsibilities:

Key responsibilities

Supervision of the Department

• Manage and supervise the overall activities of the Finance & Accounting functions in the affiliate at an overall and Line of Business level.
• Review the transactional accounting activities performed by the shared services team and approve all entries

Margin analysis

• Monthly reporting of reliable business margin through correct inventory valuation and proper rationalisation of segmentation performance vs in country principles (price structure).
• Preparation of monthly customer and site profitability.
• Price updates and discount review: Review prices updates for new customers and discounts for reasonability/ accuracy/competitiveness before they are input in the system by price analyst.

Foreign Vendor Management

• Maintain and timely update the foreign vendors register
• Timely communicate with Treasury of FX requirements
• Ensure timely reconciliation of foreign vendor accounts
• Ensure invoices are timely booked and submitted to the banks
• Timely communication with vendors on issues

Reporting

• Prepare daily controls
• Prepare weekly volume flash and bi weekly flash report
• Ensure timely and accurate reporting of country financial results (Full P&L, Line of business and FX reviews)
• Preparing monthly reporting packs for the country performance reviews
• Review fixed cost by account and cost centers to ensure that they are reasonable and spending is within budget and that all exceptional items are properly explained
• Focus on providing quality information to the Business with proper explanation for all the elements of the P&L
• Propose new actions to the business in order to be more efficient
• Prepare 3 month rolling cash flow in conjunction with treasury
• Drive ad-hoc analysis as required by the business
• Review stock positions monthly
• Prepare Monthly rentals & Incentives files
• Prepare monthly Distribution Claims and Trading Accounts to MERA
• Assist with board paper preparations

Budget and Plan

• Coordinate the annual P&L budget and strategic plan according to group timelines
• Deliver quality budgets on time with alignment of numbers with key stakeholders stating clear assumptions and cross checking of anchor points
• Preparation of the annual capex budget

Capex/Investment review

• Ensure adherence of procurement procedures relating to capex
• Ensure capex budget is adequately utilized by running bi-weekly capex calls
• Ensure accurate capex reporting (Actual and forecast)
• Review of projects prior its approval as per DOA
• Perform business case analysis (P&L, DCF, IRR, etc)

Tax

• Comply with all Group, Statutory and Regulatory requirements of the company, such as Financial Statements and Monthly regulatory reporting e.g. VAT, WHT, PAYE, NRT, FBT and Customs
• Liaise with tax team to ensure Tax reporting is correct.
• Ensure that all compliance requirements are submitted accurately and on time.

Ad-hoc

• Provide reports/recommendation to management on any control issues.
• Ensure that the company’s control framework is effective and fit for purpose and that it is aligned to the Group’s Control framework
• Assist in providing information for statutory and internal audits in line with set timelines
• Assist the FM in enforcing controls including DOA compliance
• Attend to ad hoc requests for information surveys by the government agencies

Requirements:

Qualification:

• Bachelor’s Degree in Finance and Accounting, Credit Management or Legal
• Master’s Degree in Finance and Accounting, Business Administration, international business, business law and general auditing
• Fluent in English (other languages will be a plus)

Experience:

• Experience in credit & accounting
• Capacity of guided analysis and control processes
• Experience in business administration
• Knowledge of financial institution operations, policies and procedures, and credit systems

Skills: 

• Ability to compile, analyze data and prepare complex financial reports and statements
• Able to adapt quickly and easily
• Accounting Knowledge
• Analytical skills
• Communicate effectively, both orally and in writing
• Fluent with multiple computer applications to run and analyze financial reports.
• Good time-management skills go hand-in-hand in with strong organizational capabilities
• Honesty and integrity
• Knowledge of applicable local laws, codes and regulations

Competencies:

• Ability to prioritize and schedule work; meet multiple deadlines and in writing, and remain calm in stressful situations.
• Demonstrated ability to work on multiple projects in a high stress environment
• Good organizational skills – to have a system to keep track of responsibilities, transactions and any important dates and deadlines that need to meet – to ensure that you fulfill all duties.

Key Relationships and Department Overview:

Internal – Country GM, Country Finance manager, Commercial teams, Accounting, Treasury, Tax, Regional management Regional finance, global stakeholders

External – External auditors, Custom Authorities & Agents

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