Finance Manager 30 views

To support the Chief Finance Officer (CFO)/General manager in planning, controlling, and monitoring the financial activities of the company, with particular focus on import transactions, foreign currency management, supplier payments, inventory costing, statutory compliance, financial reporting, and working capital management.

Key Duties and Responsibilities

1. Financial Reporting & Accounting

• Assist in preparation of monthly, quarterly, and annual financial statements.
• Ensure accurate recording of all financial transactions in compliance with IFRS and company policies.
• Review journal entries, account reconciliations, and general ledger balances.
• Monitor month-end and year-end closing processes.

2. Import Finance Management

• Oversee accounting treatment of import purchases and related costs.
• Monitor Letters of Credit (LCs), CAD, TT payments, and other import financing arrangements.
• Ensure proper allocation of freight, insurance, customs duties, bank charges, and clearing expenses to inventory costs.
• Reconcile supplier accounts and foreign vendor statements.

3. Foreign Currency & Treasury Management

• Monitor foreign currency transactions and exchange rate fluctuations.
• Assist in foreign currency budgeting and cash flow planning.
• Coordinate with banks regarding LC openings, amendments, settlements, and foreign payments.
• Prepare cash flow forecasts and liquidity reports.

4. Inventory & Cost Control

• Review inventory valuation and costing calculations.
• Monitor stock movement and inventory reconciliation.
• Analyze inventory turnover, aging, and slow-moving items.
• Support periodic physical inventory counts.

5. Budgeting & Financial Analysis

• Assist in preparation of annual budgets and forecasts.
• Conduct variance analysis between actual and budgeted results.
• Prepare management reports and financial performance analysis.
• Support strategic decision-making through financial insights.

6. Tax & Regulatory Compliance

• Ensure compliance with Ethiopian tax laws and regulations.
• Review VAT, Withholding Tax, Payroll Tax, and Income Tax filings.
• Coordinate with auditors, tax authorities, and regulatory bodies.
• Maintain proper documentation for audits and inspections.

7. Internal Control & Risk Management

• Ensure adherence to internal control procedures.
• Identify financial and operational risks and recommend corrective actions.
• Review authorization and approval processes.
• Support implementation of finance policies and procedures.

8. Team Supervision

• Supervise accountants and finance staff as assigned.
• Provide coaching and technical guidance.
• Monitor staff performance and ensure timely completion of tasks.

Key Performance Indicators (KPIs)

• Timely submission of financial reports.
• Accuracy of financial records and reconciliations.
• Reduction in supplier reconciliation discrepancies.
• Effective management of foreign currency transactions.
• Compliance with tax and regulatory requirements.
• Accuracy of inventory valuation and costing.
• Improvement in cash flow management and working capital efficiency.

Qualifications & Experience

Education

•Bachelor’s Degree in Accounting, Finance, or related field.
•Professional certifications such as ACCA, CPA, CMA, or equivalent are advantageous.
Experience
• Minimum 7–10 years of relevant finance and accounting experience.
• At least 2 years in a managerial position.
• Experience in import-based trading, distribution, or wholesale businesses is highly preferred.
Technical Skills
• Strong knowledge of IFRS and Ethiopian tax regulations.
• Experience with import costing and foreign currency transactions.
• Proficiency in ERP systems and Microsoft Excel.
• Financial analysis and budgeting skills.
Personal Competencies
• Strong analytical and problem-solving skills.
• High level of integrity and confidentiality.
• Leadership and team management ability.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.
Authority Level
• Review and recommend supplier payments.
• Approve routine accounting transactions within delegated authority.
• Review reconciliations, journal entries, and financial reports before submission to the Chief
Finance Officer (CFO)/General Manager