Financial Controller 5 views

Our Sister company EXPORT TRADING COMPANY is hiring for the following positiom

Position: Financial Controller

Location: Head Office, Addis Ababa

Key Responsibilities

• Financial Planning & Analysis
  • Developing Financial Strategies to mitigate the challenges.
  • Budgeting & Forecasting – Both short Term and Long Term.
  • Analyzing Financial/Production/ Sales performance to determine and report regarding the general heath of the Company.
    And deviation from Industry Standard –
  • Full responsibility and execution related to Management Accounting.
  • Driving the company P&L – Looking at all parameters that affect this and ensure timely decisions to maximize this are taken
  • Ensuring budget is being followed and highlight any deviations and plan of action along with management
  • Sensitivity analyisis for different scenarios based on future developments
• Financial Reporting
  • Submission of FS to the Board with key pointers and suggestions for mitigating their challenges if any
  • Making sure that the Reports are SAP generated and Dash Boards are updated
  • Presentation of the Annual Budget for approval from the Board
• Treasury & Cash Management
  • Managing company’s cash flow, investments, and banking relationships. – Must ensure talking to the Bankers regularly Forex arrangement / LC arrangements
• Capital Structure and Fundraising
  • Ensuring all the Capital Investments /franco valuta are capitalised Asses WC requirement and arrange from Banks, exploring new models for raising funds as well as FX Identifying Investment Opportunities – Utilisation if idle funds.
• Cost Control and Efficiency
  • Overseeing cost management and operational efficiency initiatives.
  • Ensuring that the Management has live data related Cost of Product for decision making.
  • Analysing Costing Reports and taking corrective measures
• Compliance & Governance
  • Annual Statutory Audit
  • Tax Audit
  • All other Statutory compliances, including Labour laws/Environmental Impact Regulations. Etc.
  • Updating the Management regarding the changes in different Tax laws and their impact on the Company. Gathering market intelligence, peer process
• Legal Cases
  • Follow up on legal cases.
  • Working on strategies with the legal teams
• Team Leadership
  • Leading the Finance Team including Store and creating a strong efficient culture
  • Weekly Review Meetings with the Team / Together or One to one
  • Weekly Review Meeting with Production and HR for coordinated functioning
• Purchase & Procurement
  • To oversee the function of P2P and ensure availability of Material in the Factory
  • To ensure that funding is available for the Purchases
• MIS REPORTS
  • Must ensure submission of MIS Reports – on time for All Departments
  • Submit consolidated MIS for all Dept to the Board
• Training & Development
  • Ensuring proper and periodical training is done to the Finance Team
  • Ensuring that the Team is updated with the Tax and other accounting changes
• Risk Matrix
  • Identify and asses risks on different operations and to suggest solutions, plug the same.
• Sop Implementation
  • Ensure implementation and adherence to SOPs, systems and internal controls

• Bachelor’s degree in Finance, Accounting, or related field
• Professional certification (ACCA preferred)
• Minimum 5 years of relevant experience
• Strong knowledge of IFRS and financial reporting standards
• Proficiency in Peachtree or similar accounting software
• Experience in similar industry is an advantage