Financial Controller Job Opportunity at IFS Consulting

Financial Controller Job Opportunity at IFS Consulting 

ABOUT IFS CONSULTING LIMITED 

IFS CONSULTING LIMITED is one of the leading Human Resource (HR) services Providers in Tanzania and offers best–class HR services for the execution of key human resources functions like recruitment, staffing, outsourcing, and payroll management. We have worked with client firms to offer them the best human resource management functions at competitive rates. While we have built core competencies in the space of financial functions of taxation, accounting and reporting, auditing, and corporate governance, we have steadily worked on building competencies in HR services, especially with regard to offering end to–end solutions for cost–effective human resource management. 

FINANCIAL CONTROLLER 

JOB DESCRIPTION 

A Financial controller is responsible for financial planning and analysis, forecasting, budgeting and internal control. A  financial controller undertakes all aspects of financial management, including corporate accounting, regulatory and  financial reporting, budget and forecasts preparation, as well as development of risk management and internal control  policies and procedures. 

DUTIES AND RESPONSIBILITIES 

Strategy, Planning and Management 

• Assess and evaluate financial performance of the company with regard to long-term operational goals, budgets  and forecasts 
• Provide insight and recommendations to both short-term and long-term growth plans 
• Identify, acquire and implement systems and software to provide critical financial and operational information
• Evaluate departments and make suggestions for automating processes and increasing working efficiency
•  Communicate, engage and interact with the leadership team of the company 
• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion
•  Select and engage consultants, advisors and auditors  
• Recruit, interview and hire staff as required by the company 
• Participate in pivotal decisions as they relate to strategic initiatives and operational models
• Define & implement policies, procedures and processes as deemed appropriate by the leadership team
• Any other responsibility as given by the corporate office and leadership team 

Financial Analysis, Budgeting and Forecasting 

• Supervise and present periodic financial budgeting reports including monthly profit and loss, estimates vs budget  and weekly cash flows 
• Review and analyze monthly financial results and provide recommendations 
• Identify, develop and execute analysis of business initiatives and / or new service offerings
• Develop and maintain operating budgets 
• Manage financial planning and analysis of the company 
• Supervise creation of reports, software implementation and tools for budgeting and forecasting
• Participate in weekly meetings with the leadership Team

Accounting, General Ledger, Administration and Operations 

• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial  software.  
• Provide regular maintenance and backup of all accounting systems and supervise company financial staff
•  Review and ensure application of appropriate internal controls and financial procedures.
•  Ensure timeliness and accuracy of financial and management reporting data for company’s shareholders
• Oversee the preparation and communication of periodic financial statements 
• Oversee the preparation and timely filing of all statutory & regulatory filings 
• Work with various departments to ensure appropriate legal compliance 
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies
•  Oversee preparation of monthly, quarterly and annual financial statements 
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and cost  allocation 
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage managers and staff 
• Serve as a key point of contact for external auditors; Manage preparation and support of all internal & external  audits 
• Coordinate and strategize methods used to attain corporate goals 
• Coordinate & supervise working with shared service centre based outside the country 

Financial Management 

• Manage cash flow planning process and ensure funds availability 
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners
•  Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s  plans and operating budgets 
• Oversee daily cash management and AP Department, approve large payables, sign checks and authorize large  wires  
• Supervise Accounts Receivable management and provide guidance relating to the collection process
• Develop financial strategies 
• Introduce & develop new relationships / enhance existing relationships with regional financial institutions 

QUALIFICATIONS AND EXPERIENCE: 

The ideal candidate for this role should have 

• Bachelor’s Degree in Accounting or Finance 
• Chartered Accountant (CA) or CPA or equivalent Required 
• 5 years minimum experience at same or similar position in a large (US$ 50+ million) multinational company • 10+ years total accounting or finance experience with manufacturing company 
• Experience of working in petrochemical industry will be preferred  
• Experience of execution of greenfield project will be preferred 
• Outstanding knowledge and understanding of IFRS / local GAPP 
• Background coordinating with IT staff to manage and / or upgrade accounting system. Systems implementation  experience strongly preferred. 
• “Hands On” SAP working experience is a must 
• Outstanding communication and presentation skills 
• Very good command on Microsoft excel & PowerPoint  
• Demonstrated leadership ability, confidence and executive presence – ability to motivate staff • Excellent analytical, reasoning and problem-solving skills 
• Significant experience working with external auditors, internal controls and compliance-related issues

HOW TO APPLY: 

If you meet the above criteria please send your curriculum vitae, academic certificates & other relevant documents to: recruitment@ifs.co.tz before 7th June, 2024. Please indicate the position that you’re applying for  on the subject line.

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