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Finance Controller

Adexen

Mtwara, Tanzania

Job description

Job Introduction

    Adexen was mandated by a multinational industrial corporation to recruit a Finance Controller for its operations. The position is based in Tanzania.

Responsibilities

    • Oversee Group budgeting and reporting; financial analysis and forecasting; cost and revenue management; and fixed asset accounting.
    • Ensure accuracy of financial records and compliance with best practice financial management principles and regulatory requirements.
    • Drive the implementation of approved finance policies.
    • Drive the implementation of the department's operational strategy, work plans, programs, systems, controls, policies, and procedures to ensure a rigorous financial framework in alignment with Group overall objectives.
    • Ensure ongoing review, update, and documentation of monthly, quarterly, and yearly financial forecasts, and ratio analysis.
    • Provide overall guidance, leadership support and strategic direction in the execution of the department's functions and activities.
    • Regularly update Group accounting policies and procedures manual and ensure compliance with Group policies and procedures.
    • Maintain a documented system of accounting policies and procedures
    • Manage outsourced functions
    • Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
    • Oversee the accounting operations of subsidiary corporations, especially their control systems, transaction-processing operations, and policies and procedures.
    • Ensure effective utilisation of Group financial resources to achieve cost efficiency
    • Implement adequate internal financial control systems and frameworks to ensure appropriate integration of business reporting requirements, the integrity of information contained in and the compliance of Group financial statements with relevant reporting regulations.
    • Ensure that accounts payable are paid in a timely manner
    • Ensure that accounts receivables are collected promptly
    • Process payroll in a timely manner.
    • Ensure that periodic bank reconciliations are completed
    • Maintain the chart of accounts, an orderly accounting filing system, a system of controls over accounting transactions
    • Oversee the preparation of financial reports, ensuring compliance with Group accounting policies and International Financial Reporting Standards (IFRS).
    • Issue timely and complete financial statements Coordinate the preparation of the corporate annual report and statutory accounts
    • Recommend benchmarks against which to measure the performance of company operations
    • Calculate and issue financial and operating metrics
    • Manage the production of periodic and ad hoc costing reports
    • Calculate variances from the budget and report significant issues to management
    • Provide financial analyses as needed, in particular for capital investments, pricing decisions and contract negotiations
    • Coordinate the provision of information to external auditors 
    • Comply with local, state, and government reporting requirements and tax filings
    • Proactively identify risks and define and implement strategies to prevent revenue leakage.

Desired Skills and Experience

    • Bachelor’s degree in Accounting, Finance, Economics or any other related discipline.
    • Master’s degree is an added advantage
    • Minimum of 12 years relevant experience with at least 4 years in a senior managerial position within an internation corporation
    • Manufacturing experience is mandatory.
    • Ability to use SAP is an important advantage
    • Good understanding of trends, challenges, opportunities, regulations and legislations relating to the cement manufacturing industry.
    • Advanced financial and accounting knowledge, including understanding of finance best practices and IFRS - international accounting and financial reporting standards.
We thank all applicants however only those selected will be contacted.

Industry

Industry & Manufacturing

Job Seniority

Manager

Job Category

Accounting and Finance

Employment Type

Full time

Experience

10 - 15 years

Skills

Reports, Account Reconciliation, Auditing, Cost Reporting, Internal Controls, Internal Audit, Forecasting, Financial Analysis, Accounting, IFRS, Financial Reporting, Leadership, Finance

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