Senior Finance Manager – Strategic Planning and Operations at CVPeople Tanzania
Job Overview
Senior Finance Manager – Strategic Planning and Operations at CVPeople Tanzania
Senior Finance Manager- Strategic Planning and Operations
CVPeople Tanzania | Full time
Dar es salaam, Tanzania | Posted on 02/08/2024
Job Purpose
The Finance Manager is to ensure the business’s financial health and determine the financial business metrics to lead the company towards profitability. Specifically, to undertake all aspects of financial management, including accounting, regulatory and financial reporting, budget and forecasts preparation, development, and implementation of internal control policies and procedures. Also, to provide ownership and execution on all administrative issues.
Responsibilities
Preparing all invoices (franchise network fees, supply of products to franchises (bottles), and other income/receivables) in the accounting software (QuickBooks)
Leading the communication with Franchisees regarding all invoices, arrears, discounts, etc.
Overseeing the Accounts Receivables management enforcing the AR policy to ensure that all accounts are current.
Lead and facilitate the annual budgeting process, coordinating input from across all departments and providing input to the company’s business plan.
Prepare and monitor performance against forecasts and budgets.
Execute monthly cash flow planning (account receivable collections, accounts payables, and payments/disbursements)
Oversee and maintain budgetary control to ensure effective revenue management, cost management (value for money) and providing financial advice and commercial insights to the Country Director and Executive team.
Lead financial planning, board reporting and building of business pro-forma/financial projections.
Support the franchisees in key aspects of financial management and training.
Assist on initiative and thought leadership in developing the Jibu business model, including looking for opportunities to develop the service offering to the social entrepreneurship sector.
Participate in long-term organizational strategy creation and planning, quarterly and annual. Undertake ad-hoc financial analysis to support Board and Exec strategic decision-making. Will be expected to provide meaningful insight and challenge to the Exec with strong contributions to strategic decisions.
Assist with ensuring correct resources are in place for the organization to grow – programs, HR and fundraising strategies.
Serve as a local point-of-contact for institutional contract reviews, including billing, contract execution, etc.
Responsible for timely monthly/quarterly/annual closing of all accounts
Ensure timely and accurate posting, balancing and reconciliations of the general ledger.
Ensure monthly reconciliation of bank accounts, cash, sales and all inventories
Ensure that all proper procedures have been followed approvals have been obtained for financial transactions
Ensure all cash/credit sales transactions are timely recorded in the accounting system
Manage all aspects of cost accounting (including landed cost accounting) and inventory control support for both Jibu Franchises and company owned stores
Develop, implement and review business processes, procedures and accounting policies to maintain and strengthen internal controls over cash/bank, inventory, intercompany transactions, accounts receivables, accounts payables, payments and reporting
Manage relationships with the Company’s banks and ensure needs are met on a timely basis
Liaison for all investor relations regarding debt management with banks and BOT and other regulators
Accountable for full tax and regulatory compliance of the business (Statutory returns, Corporate Tax, PAYE, NSSF, VAT, EXCISE TAX, WHT, etc.)
Knowledge and Experience
5+ years of experience in the Finance department in a similar role in Tanzania/EA with a for-profit business which operates in multiple locations and in several currencies.
Required professional qualification CPA, ACCA, CIMA or equivalent.
Thorough knowledge of accounting principles and procedures including IFRS and IASs.
Demonstrable experience with preparing financial statements, management accounting (costing, unit economics)
Demonstrated experience with complex budgets and forecasts prepared in Excel and daily and monthly monitoring of actual vs. budget.
High levels of proficiency in Excel, Word, PowerPoint and Google Suite
Excellent accounting software experience in Quickbooks
Strong focus on controls and processes and high attention to detail
Strong communication skills for engaging with business partners and ensuring processes are being followed.
