Candidate Requirements

Key Responsibilities:

1. Strategic and Operational Financial Management

•           Develop, implement, and maintain financial policies, procedures, and standard operating guidelines.

•           Provide strategic direction in financial management and support the organization’s strategic planning processes.

•           Analyze financial performance and make recommendations for improving efficiency and effectiveness.

•           Compile and present monthly management reports, including financial board packs, to the CEO and board.

•           Ensure full compliance with all relevant legislation, policies, and financial guidelines.

2. Financial Policies and Control

•           Develop and review finance policies for CEO input and board approval.

•           Manage the execution of financial policies across the organization.

•           Administer bank accounts and oversee the budgeting process, including execution and control of the budget.

•           Oversee the preparation of financial statements and ensure their accuracy.

•           Advise department heads on budgeting, financial analysis, reporting, and cash management, per CEO delegation.

•           Ensure timely settlement of contractual obligations and payments.

•           Authorize expenditure within delegated authority levels and ensure compliance with financial limits.

3. Financial Reporting

•           Lead and manage the organization’s financial reporting framework.

•           Prepare quarterly and annual financial statements for submission to the CEO and board in compliance with financial norms and standards.

•           Oversee the distribution of monthly management reports to all relevant business units.

•           Ensure accurate and timely accounting and financial reporting, including budget forecasts and variance analysis.

•           Monitor budget performance and inform the CEO of any unauthorized expenditure or variances.

4. Payroll Management

•           Lead and supervise payroll operations, ensuring compliance with statutory regulations.

•           Review and approve payroll-related statutory returns and financial deductions.

•           Ensure accurate implementation of payroll acts and regulations.

•           Monitor high-level payroll controls, including the reconciliation of the general ledger and payroll exception reports.

5. Banking and Cash Management

•           Oversee the establishment of banking systems, procedures, and processes to ensure effective cash management.

•           Manage the preparation of cash flow forecasts and determine cash resource requirements.

•           Ensure timely bank reconciliations and clearance of outstanding items.

•           Provide regular reports on cash management performance and ensure adherence to authorized delegation levels.

6. Budget Management

•           Lead and coordinate the annual budgeting process in alignment with the organization’s strategic goals.

•           Provide guidelines for business planning and ensure that the budget process is consistent with the strategic plan.

•           Prepare the annual consolidated budget and present it to the board of directors.

•           Oversee timely budgeting, monitoring, variance analysis, and financial reporting.

7. Procurement

•           Develop and review procurement policies for board approval and ensure compliance with procurement regulations.

•           Oversee procurement planning and ensure timely specification development and adherence to procurement processes.

Qualifications and Experience:

•           Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree preferred).

Chartered Accountant (CA) or equivalent professional qualification