Finance Accounting Manager

Candidates with ACCA / CPA preferred for the role of the Finance / Accounts Manager to ensure the effective utilisation of funds and proper maintenance of book of accounts along with timely reporting.

Responsibilities

The Accounts Manager is responsible for:

• Authorization of transactions and payments.
• Supervision of Accounts, Receipts and Payments.
• Meeting accounting financial objectives by accurately and reliably forecasting funding requirements.
• Preparing the annual company budget in accordance with business plan and budget guidelines.
• Implement mandatory corporate cost containment and/or reductions effectively in an agreed time period.
• Monitoring and evaluation of Country budgets including enforcement of cost reductions and/or adherence to budget ad business plans, where required.
• Completing a risk assessment and developing risk mitigation strategies to ensure business plan attainment /budget adherence.
• Financial analysis and conducting ABC analysis aimed at maximizing efficient use of financial resources and/or reviewing decision making regarding non-performing branches, products/services and/or banking relations.
• Scheduling expenditures; analyzing variances and initiating/enforcing corrective actions.
• Confirming financial status by monitoring revenue and expenses.
• Coordinating the collection, consolidation, and evaluation of financial data.
• Preparing financial reports.
• Guiding other departments by researching and interpreting accounting policy.
• Applying observations and recommendations to operational issues.
• Maintaining financial security by establishing internal controls; and taking appropriate timely action.
• Ensuring effective utilization of resources.
• Reporting to local bodies, general manager, regulators and financial controller as and when required.
• The safe custody of financial documents.
• Finalization of book of accounts.
• Cost and benefit analysis including recommendations.
• Controlling, performance evaluation and coordinating the job of the accounts team.
• Developing the competence of the account's teams, including highlighting accounting personnel who may be non-performing and/or guilty of gross incompetence.
• Liaison with local banks for facility renewal and other operating activities.
• Review of Trial Balance and General ledger.
• Liaison with internal and external auditor for inventory valuation.
• Review of reconciliation and adequate measures

Role Criteria

3.1. Skills

• Demonstrates an analytical and systematic approach to problem solving.
• Strong Numerical abilities.
• Influencer.
• Business planning and budgeting.
• Ability to use proper discretion when working with confidential information.
• Effective communicator at all levels in the company, with strong oral and written skills and a willingness to share information.
• Excellent Interpersonal skills.
• Superior Decision making and problem-solving skills.
• Team Player:
• A collaborative and flexible style, with a strong service mentality.
• Reporting Skills.

3.2. Experience

Minimum 10 year's previous experience for a major financial services/money exchange company, is required for this role
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3.3. Training

The person fulfilling this role will be expected to commence work immediately on appointment. General Induction training and other appropriate training will be provided.

3.4. Education and Qualifications

A qualified Chartered Accountant.

3.5. Language

Fluent English is required for this role.

4.0. Monitoring and Measurement

4.1. Role Assessment

The role will be assessed on a regular basis through the following:

• Fund management.
• Accuracy of book of accounts.
• On time internal and external reporting.
• Quality of decision-making including implementation of corrective and preventative actions and enforcement actions/decision;
• Pro-active actions to ensure attainment of financial objectives.
• Quality of information provided for the preparation of the business plans.
• Management of the accounts team.
• Make sure financial activities are done in compliance with policy of the company and external law.
• Accounting in compliance with international accounting standards and local laws and the company policy;
• Performance Appraisal, six monthly and annual employee reviews to ensure the employee is performing as required and is being supported by the company to do so.

Performance Indicators

4.2.1. Financial information and reporting

• Ensure reliable cash flow projection process and reporting mechanism that includes minimum cash thresholds to meet operating needs.
• Maintaining the Country Risk Management Register.

4.2.2. Operations

• Manage the capital request and budgeting processes including full adherence to budgets.
• Following performance measures that support the Lulu Finance Group's strategic direction.

4.2.3. Customer service

• Ensuring all Accounts related queries, complaints, investigations and intern/external audit findings are resolved in a timely manner.
• Resolution of any escalated issues in a timely manner.

4.2.4. Compliance

• Compliance with applicable Finance regulatory requirements for the country of operations.
• Compliance with company and Finance policies and procedures.
• Report risk issues to the Risk Management Committee.

4.2.5. competence

• Analyse, interpret and communicate accounting data.
• Document management.
• Analytically minded.
• Continuous professional development.
• Continuous cost monitoring.
• Communication and reporting.

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