Finance Manager at KIUMA
Job Overview
Finance Manager
KIUMA
Ruvuma
Department: Finance
Reports to: Chief Executive Officer
JOB SUMMARY
The Finance Manager (FM) is responsible for leading the Finance Department in planning, directing, coordinating, and implementation of the day-to-day financial operations within KIUMA in liaison with the heads of departments. The FM is directly responsible to the Wortundtat, Germany, the CEO in Tanzania and/or a representative to KIUMA from the Donor and or Government.
ROLES AND RESPONSIBILITIES
Financial Strategy and Planning:
- Develop and implement financial strategies aligned with the overall goals of the abattoir.
- Provide financial insights and recommendations to support decision-making by the executive team.
Financial Reporting:
- Oversee the preparation of accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
- Ensure compliance with international accounting standards and local regulations.
Budgeting and Forecasting:
- Lead the annual budgeting process and collaborate with department heads to ensure alignment with company objectives.
- Monitor financial performance against budgets and provide variance analysis.
Risk Management:
- Identify and assess financial risks, proposing mitigation strategies to safeguard the financial health of the abattoir.
- Stay informed about economic trends, industry developments, and regulatory changes affecting the business.
Financial Operations:
- Oversee day-to-day financial operations, including accounts payable, receivable, payroll, and treasury functions.
- Implement and maintain robust internal controls to safeguard assets and ensure accurate financial reporting.
Cash Management:
- Optimize cash flow through effective management of receivables, payables, and working capital.
- Evaluate investment opportunities and make recommendations to maximize returns.
Audit and Compliance:
- Coordinate with external auditors to facilitate annual audits and ensure compliance with regulatory requirements.
- Implement and monitor internal audit processes to identify and address potential issues.
Strategic Financial Decision-Making:
- Provide strategic financial insights to support key business decisions, investments, and expansion initiatives.
- Collaborate with executive leadership to assess the financial feasibility of new projects.
Team Leadership and Development:
- Lead and mentor the finance team, fostering a culture of accountability, professionalism, and continuous improvement.
- Promote professional development and training to enhance the team’s skills and capabilities
OCCASIONAL RESPONSIBILITIES
- Represent KIUMA in accountant’s meetings, seminars or workshop outside KIUMA such NBAA and TRA seminars.
- Hold regular meetings with Finance Team to improve the Department Services.
- Participate in KUMA staff committees such as Task Force Committee.
ACADEMIC AND PROFESSIONAL QUALIFICATIONS AND KNOWLEDGE
- Bachelor’s degree in finance, accounting, or a related field; MBA or professional finance qualification is preferred. (a CPA (T) / ACCA qualified Accountant registered with a National Board of Accountants and Auditors (NBAA).
- Proven experience in management of senior finance role and leadership skills
- Knowledge of international accounting standards and Tanzanian financial regulations
- Excellent analytical, strategic thinking, and communication skills
- Effective team player and leader with ability to collaborate with cross-functional teams
- A Certified Public Accountant
- At least three (3) years’ cumulative leadership experience in a comparable position from a reputable organization.
EXPERIENCE
- At least 3 years of experience in Financial Management position.
- At least 2 years’ experience in managing Donor’s funds with different projects.
- At least 2 years’ experience in using accounting Computer Package especially SAGE PASTEL.
CORE COMPETENCIES REQUIRED FOR THE ROLE
- Good Leadership and management skills.
- Excellent Accounting Ethics and Integrity
- Proficient in Language –English and Swahili
- Advanced Computer literacy.
- Excellent Budget Preparation Skills.
- Team work and good Conflict management skills.
COMMUNICATION
The job holder is required to communicate with the following on a regular basis:
- CEO, Heads of departments and other members of staff
- Donors.
- Other key stakeholders such as Auditors, TRA, NBAA, Government officials, Development partners etc.
APPLICATION INSTRUCTIONS
Applicants need to be ready to relocate to Ruvuma Region in Tunduru District
Send a covering letter together with your detailed CV with Three Professional Referees (official Emails and Position)
To: KIUMA HR –[email protected]
Cc: [email protected] and [email protected]
Deadline for applications: 28th December 2024
Only shortlisted applicants will be contacted.