Finance Manager


Attention! This job posting is 70 days old and might be already filled.
Company Name CA Global
Location Windhoek, Namibia
Date Posted '24 October 2012'
Category Banking & Financial Services
Job Type Full-Time
Reference KGFMN
Remuneration Negotiable

Description

Finance Manager (Financial Reporting / Reconciliations / Microfinance) Namibia

To approve daily financial processing and report on the accounting and financial activities of the company.

Required for Competence:

- CA / ACCA / CIMA or equivalent will be preferable
- Only citizens of the country
- 3 years continuous relevant experience, with at least 2 years post articles
- Experience in Group financial reporting
- Multi-currencies
- All MS applications

Responsibilities:

- Responsible for the daily bank reconciliations for all the bank accounts.
- Responsible for the monthly reconciliation of all inter-company current accounts.
- Control and management of all queries with banks to ensure timeous resolution and clearance.
- Monitoring and re-checking of interest and charges applied by the bank to the current account / loan account and related transactional charges.
- Checking the correctness of intercompany charges to all group companies and ensuring that the applicable regulatory requirements e.g. re transfer pricing / WHT etc. have been addressed by The Client.
- Ensuring that daily entries to the GL are accurate, complete, done in a timely way and signed off by you.

REPORTING – monthly

- Preparation of accurate, reliable, error free monthly management accounts and cash flow forecasts by the applicable deadline (currently 10th of every subsequent month , but to be revised to earlier date progressively) for review by EXCO, Audit Committee and Board of Directors.
- Monthly management accounts to be prepared in reporting currency.
- Monthly management accounts to include analysis of actual v budget and meaningful analysis of the underlying reasons for variances, emerging trends, key management information.
- Preparation of accurate, reliable, error free ad hoc reports as and when requested.
- Ensure quality and consistency of management information provided to EXCO, Audit committee and Board of Directors.
- Monitor compliance with all external debt covenants e.g. IFC, FMO etc.

BUDGETING AND FORECASTING

- Preparation of annual company financial budgets with executive summary of key aspects and assumptions used.
- Prepare and update monthly forecasts by the 15th of the following month to forecast expected financial results and position at the end of the financial year.
- Prepare, on a quarterly basis, executive summary of the forecast position against the original budget for presentation to EXCO, Audit committee and Board of Directors.
- Forecast for compliance with financial covenants of lenders.
- Forecast cash flows and position for at least further 12 months.
- Forecast tax payments and assist in tax planning and management.

ANNUAL EXTERNAL AUDIT AND FINANCIAL REPORTING

- Maintain monthly audit file in an acceptable format which supports all account balances in the general ledger.
- Responsible for the preparation of annual statutory financial statements of the company.
- Assisting in coordinating the annual audit and interim review.
- Dealing with audit queries and coordinating management responses to ML points raised with input from Group FM and Group CFO.

COMPLIANCE

- Responsible for accurate and timely submission of all company tax returns – incl. PAYE, WHT, VAT, stamp duty etc..
- Ensuring the WHT credit status of is up to date, and to manage and report the potential losses on WHT suffered from subsidiaries proactively.
- Ensuring that appropriate tax invoices are received from all suppliers as a condition of payment.
- Responsible for accurate and timely submission of all company income tax returns and preliminary tax returns.
- Preparation of regulatory submissions e.g. to the Central Bank, IFSC, NBFIRA and to ensure submission as and when due.
- Ensure tax computations are performed for all aspects of IFSC operations.
- Responsible for ensuring that all shareholders’ dividends are paid on time and that all queries relating to unpaid dividends are attended to promptly.
- Ensuring that we are in compliance with BSE requirements.
- Ensuring that company secretarial / transfer secretarial affairs of the company are in order.

GENERAL

- Maintain diary of all key dates for external and internal deadlines to which finance must contribute.
- Assist in ensuring that pay-outs are honoured by finance on Countries public holidays.
- To develop, drive and implement internal controls applicable to.
- To ensure cost control and cost management.

TECHNICAL

- To remain up to date with all latest local legislation, and to formally advise the accounting team and Group finance and EXCO of all such developments, as relevant.
- To remain up to date on all IFRS developments.

FILING ELECTRONIC AND MANUAL

- All unused and redundant files to be removed periodically from server.
- All files maintained in logical manner on server.
- All team members to maintain work in neat and order fashion.

General:

- Maintain relationships with the banks.
- Coordinate and set up staff into the banks’ electronic banking systems.
- Manage all users of electronic banking and terminate redundant ones.
- Manage relationship with transfer secretaries.
- Manage relationship with tax advisors, BURS, auditors, BSE.
- Manage relationship with directors.
- Manage accounting function and Group accounting function.
- Ensure accurate and timely reports.
- Coordinate and improve efficiencies of the finance team.
- Share best practice with other members of the finance team.
- Manage annual, study and other leave and overtime requirements of yourself and your team.

PERFORMANCE MANAGEMENT

- Agreeing detailed JD’s with all team members by January of each financial year in advance of the next period.
- Performances manage all staff in team including regular updates on performance and actions suited to on-going performance.
- Include group finance and HR on any exceptionally good or poor performers and the proposed development plan for these individuals.

TRAINING

- Cross training of own staff with subsidiary finance team’s members to ensure continuity and capacity are built.
- Provide on-the-job training to own finance team on an on-going basis.
- Identify external training needs of yourself and team and escalate these for action as appropriate.
- Participate in group finance training as appropriate.

Reference: KGFMN
Location: Windhoek

If you have not had any response in two weeks, please consider your application unsuccessful however your profile will be kept on the CA Global database for any other suitable positions.