Finance Manager

Finance Manager (Botswana)

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

Required for Competence:

- CA / ACCA / CIMA or equivalent
- Only Motswana/Batswana citizens
- 4 years continuous relevant experience, with at least 2 years Management experience
- 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, BWP;
- 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 cashflows 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 payouts are honoured by finance on Botswana public holidays;
- To develop, drive and implement internal controls applicable
- To ensure cost control and cost management.

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;
- Performance 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.

Contractual information:

- Negotiable

To apply send your CV

Remuneration: Negotiable
Reference: KGFMB
Location: Botswana