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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

 

Summary

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

Description

  • 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.

Requirements
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

If you have interest and would like to apply for the position, kindly click on the link the apply button to start the application process.

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To apply for this job please visit safal.mcidirecthire.com.