General Description

The Finance Officer will be responsible for the entire finance function, the controls, management reporting, budgeting, and departmental headship of the team. The Finance Officer will determine and project cash flows, and expected costs and participate in all investment decisions as far as financial management of the Company is concerned. Thus, analytical and problem-solving skills in finance are key prerequisites for this position.

He/ she will provide timely and accurate financial reports ensuring that they comply with locally accepted accounting principles, bank policies and procedures, tax and banking laws and regulations.

Responsibilities:

a) Accounting, Financial Systems, and Financial Controls

• Oversee compliance of financial processes to ensure cost-effective and efficient accounting and financial systems.
• Prepare financial statements and ensure compliance with internal policies and statutory requirements.
• Develop and oversee accounting policies and procedures.
• Participate in corporate strategy formulation and implement goals and procedures related to financial management.
• Maintain accounting records and establish system controls.
• Coordinate preparation of external audit materials and financial reporting.

b) Cash and Working Capital Management

• Oversee the annual insurance renewal process for company assets.
• Monitor the Cash Management function, including banking relationships.
• Develop cash flow forecasts and projections.
• Maintain the company’s liquidity and assess short- and long-term financial objectives.
• Optimize resource utilization for efficiency and effectiveness.
• Participate in investment decisions and long-term asset-mix decisions

c) Management Reporting

• Perform financial management reporting for the organization.

d) Budgeting

• Participate in the annual budgeting process.
• Develop financial decision reporting on the use of leverage to increase returns.
• Report on sensitive risk areas for the company’s short- and long-term financial needs.
• Ensure availability of funds for daily expenditures without compromising investment potential.
• Overseeing the organization’s investment activities, managing portfolios, and making decisions on investments to maximize returns.

e) Leadership

• Provide leadership and direction to the finance team.
• Foster a collaborative and productive work environment.
• Providing financial insights and analysis to support strategic decisions by senior management.

f) Funding and Financing:

• Securing funding for operations and growth, managing debt, and maintaining relationships with banks and financial institutions.

g) Tax Management

• Ensuring compliance with tax regulations, optimizing tax liabilities, and handling tax planning and reporting.

Minimum Educational Qualifications:

• Bachelor’s degree in Finance from a reputable university or college, A master’s degree will be an added advantage.
• ​CPAK and active member of ICPAK 

Minimum Previous Experience:

• At least 5 years of experience gained from IT/Telecom/Engineering Industry or related institution, particularly in managing and supervising Financing and accounting functions.
• Knowledge and experience in accounting records and report preparation (manual and computerised) and annual, quarterly, and monthly financial statement reporting.
• Proven previous experience in financial resources mobilisation, financial control and taxation
• Advanced Knowledge and experience in Trial Balance, Daily Operations Updates, and Daily Balances of Accounts.
• Experience in an ERP/accounting IT system
• Intermediate skills related to the consolidation and reporting of bank financial results, and formulation and implementation of bank accounting procedures.
• Experience in setting objectives and developing strategies, policies, and procedures.