Job Details
Experience Needed:
Career Level:
Education Level:
Salary:
Job Categories:
Skills And Tools:
Job Description
- Manage and run the Finance and Accounts Department
- Develop and maintain timely and accurate financial statements and reports that are appropriate for users and in accordance with (IFRS)
- Develop, implement, and ensure compliance internal financial and accounting policies and procedures to ensure that personal and financial information is secure and store in compliance with current legislation.
- Documents financial management mechanisms, Standard Operating Procedures for Finance and Accounting and give the support information for all the financial transactions.
- Maintain clear and up-to-date books of accounts that meet internationally accepted accounting principles and financial reporting standards
- Analyze financial/accounts reports of subsidiaries
- Oversee the finance/accounting departments of subsidiaries under the group, and design an organizational structure adequate for achieving the department's goals and objectives
- Ensure that all requirements of the organization are met including Charitable statues, withholding payment, Income Tax, Sales Tax and any liabilities toward Tax authorities
- Forecast and Monitor cash flow positions and available funds for investment and prepare the cash flow forecasts in accordance with policy.
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
- Formulate strategic and long-term financial plans
- Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
- Manage the capital acquisition of capital assets and ensure that assets are properly recorded amortized and disposed of as appropriate in addition to the responsibility on companies assets register and update its data each month
- Prepare annual budgets to be presented to the chairman for approval
- Maintain banking relationships and reconcile bank and investment accounts
- Assist in determining the company's proper capital structure
- Report to management on variances from the established budget, and the reasons for those variances
- Assist management in the formulation of its overall strategic direction
- Engage in ongoing cost reduction analyses in all areas of the company
- Engage in benchmarking studies to establish areas of potential operational improvement
- Conduct research and report on factors influencing business performance
- Interpret the financial results of subsidiaries to management and recommend improvement activities
- Review company monthly results and implement monthly variance reporting.
- Create additional analyses and reports as requested by management and oversee the bookkeeping including adjustments GL, AP, AR and payroll
- Liaise with auditors to ensure annual monitoring is carried out and liaise with the Board audit committee and external auditors as necessary.
- Keep abreast of changes in financial regulations and legislation
- Supervising staff
- Liaising with managerial staff and other colleague, treasurer, finance committee and audit committee appropriate
- Assist the executive director and the board treasurer with financial reporting as required at board meeting and annual general meetings
Job Requirements
- Bachelor's degree in finance or accounting.
- Strong Excel skills.
- Excellent ability to problem solve along with solid analytical skills, understanding of the business process, and systems optimization.
- Comfortable interacting with all levels of management in multiple areas.
- Strong knowledge of financial reporting.
- Ability to review data and make relevant management decisions.
- Strong financial system and business administration understanding.
- 8:10 years of experience in finance field.
