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Ethiopian Steel Finance Manager

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Ethiopian Steel Finance Manager

Ethiopian Steel Finance Manager

Hiring Organization: Ethiopian Steel

Location: Addis Ababa, Ethiopia

Reference Number: ESPLC_001



Safal Group is currently having the following job opportunity: Ethiopian Steel Finance Manager in Addis Ababa, Ethiopia. See the details below. 


  • Overall responsible of managing the Finance Team
  • Monthly Management reporting with detailed analysis along with comparison with prior Rolling
  • Estimate, Annual Business Plan and Previous Year.
  • Prepare and participate in quarterly review meetings of the Group
  • Prepare Board Meeting documents and the circulation of the same to all the board members one week prior to the meeting; Participate meaningfully in the Board meeting.
  • Deadline management of all applicable MIS is sacrosanct, ensure you have accurate input data capturing mechanism, verification of data and generation of timely and accurate MIS for all stakeholder
  • Plan, liaise and co-ordinate with the Banks to ensure adequate foreign exchange approvals for
  • Company’s raw material, dividend repatriation and other foreign payments.
  • Manage the company’s operations working capital and capital expenditure.
  • Ensure adequate and planned working capital funding and project funding, as required by the business and approved
  • Ensure compliance of all applicable statutory and legal requirements w.r.t Accounting and taxation;
  • Co-ordinate and ensure smooth Tax audit without any adverse impact on the Company
  • Coordinate and lead the annual audit process, this includes planning and managing internal/statutory/ external audits.

Continuation of the Management Role

  • Oversee and lead annual budgeting and planning process; administer and review all financial plans and budgets; monitor progress and changes and keep senior leadership team abreast of the organization’s financial status.
  • Liaise with and provide support to HOD’s regarding departmental budgets, expenditures and financial reporting, this includes monitoring the budget implementation and advice on reallocation of funds when/where necessary.
  • Ensure that all company assets records are well maintained in accordance with the accounting standards.
  • Monitor depreciation of company assets to ensure that the provisions are made in accordance with the accounting standards and Group guidelines.
  • Update and implement all necessary finance policies and accounting practices from time to time in consultation with other senior finance officers.
  • Review, assess and advise to the senior management of any financial risks in contractual obligations, the Company may be entering into.
  • Direct insurance negotiations and ensure that internal processes are adhered to ensure our claims are honoured should there be any in the year.
  • Set up and continuously evaluate internal control systems in line with changing demands, and ensure they are appropriately designed to serve the best interest of company/ group.
  • Work closely and transparently with all external partners including third-party vendors and consultants.
  • Manage the Team, by formalising Job Descriptions, Setting Targets , conduction ongoing reviews and provide feedback on performance, do on the job training, coaching, nominate for external trainings and ensure their engagement level is at adequate level.
  • To remain skilled and competent on all relevant, job related aspects, current and future including ERP, Data Analytics, etc
  • Be an active and contributing member of the Management Team and participate in Cross functional projects at ESPLC level and also at the Group Level.

Qualifications required:

  • Minimum academic qualification: Chartered Accountant/ CPA/ ACCA or equivalent
  • Qualifications as an added advantage: MBA
  • Professional registration: Yes

Experience required:

  • General work experience (years): 15 years
  • Post Qualification experience (years): 12-15 Years
  • Industry: Manufacturing

Key competencies and skills:

The candidate should have hands-on experience in the following:

  • Books of accounts
  • Reconciliations
  • Critical evaluation and monitoring of the relevant accounting standards, regulation and reporting frameworks.
  • Preparation of financial statements and related reports
  • Tax Laws
  • Knowledge and interpretation of Insurance
  • Budget, Budgetary Control and Forecasting
  • Product Cost, cost allocation & Variance Analysis
  • Business Performance Reporting including Board Packs
  • Cash flow Planning & Forecasting
  • Banking
  • Trade Finance
  • Forex Management
  • Effective decision making through analyzing, evaluating and communicating performance and position of entities-Including ratio analysis and understanding thereof
  • Directs organizational performance through the selection and measurement of financial and non-financial performance indicators

Computer literacy:

  • MS Office packages
  • SAP/ERP Accounting Systems
  • IT Software applications
  • Outstanding knowledge of electronic spreadsheets

For more information about the position, please visit Safal Group Careers PageClick Here 

How to Apply

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