Role Profile
Title: Snr. Finance Officer
Reports To: Head of Finance
1. Role Summary
The Senior Finance Officer will implement the approved financial policies and procedures; including recording, reporting and reconciling financial transactions to ensure prudent financial management.
2. Key Responsibilities
• Implements approved accounting/financial policies, standard operating procedures (SOPs), guidelines and work plan to achieve targeted objectives of the Company.
• Identifies control risk measures in financial transactions/procedures and propose improvements for implementation.
• Vets payment vouchers, invoices, etc. and processes through the General Ledger for approval and payment.
• Reconciles balance sheet items and/or General Ledger for review.
• Ensures the maintenance and update of data/records in approved Accounting Software for all payment vouchers and journals.
• Maintains and updates records of all accounting transactions with all accounts.
• Prepares short term cash flow projections upon request by Supervisor.
• Conducts research/studies and advises Head of Department on new investment opportunities.
• Prepares consolidated cash flow report for Management decision making.
• Prepares variance analysis of revenue and expenditure against budget and report on any
deviations for corrective action.
• Maintains and updates effective Fixed Assets Register system for the Company.
• Ensures the set-up of employees on the approved Computerized Accounting System.
• Collates budget inputs from all Departments for the preparation of the Company’s annual budget.
• Processes for payment employees’ benefits entitlements in line with approved conditions of service.
• Reviews monthly payroll reports to identify any inconsistencies for redress.
• Prepares accurate premium invoices.
• Collects all premium receivables per assigned schedule.
• Leads in the preparation of monthly bank reconciliation statements.
• Liaises with approved Banks and Third Parties to ensure prompt resolution of issues relating to financial transactions.
• Prepares SSNIT, VAT and PAYE returns for payment to Statutory Institutions.
• Maintains professional relationships with Service Providers, Banks, Regulatory Agencies
and other external stakeholders in financial management.
• Stays abreast with legislations, rules/regulations, financial laws, new developments and
international best practices in financial management processes and techniques.
• Participates and provides input in annual audit activities.
• Provides support in the preparation of monthly/quarterly financial reports (i.e. Income
Statements, Balance Sheet, etc.) and prepare any other report relating to job function.
• Performs any other duties assigned periodically.
3. Job Specification
Education:
• Bachelor’s Degree or equivalent professional qualification in Accounting, Finance or related field - preferably a chartered accountant.
Experience:
• A minimum of 5 years of relevant experience in Finance or Accounting role.
Key Competencies:
• Good knowledge and understanding in the use of accounting and auditing methodologies and tools.
• Good knowledge/understanding of tax laws and related regulations.
• Good working knowledge and experience in preparing cash forecasts and cash flow analysis.
• Ability to create solutions to new financial challenges.
• Good financial knowledge, including investment planning, asset allocation.
• Good knowledge/understanding of investment portfolio management.
• Good knowledge of accounting software/tools, Microsoft Excel, Word, PowerPoint and internet.
• Ability to plan and execute programs to meet deadlines.
• Ability to take sound and timely decisions.
• Ability to solve problems.
• Ability to exhibit a high moral standard and level of integrity.
• Excellent communication and presentation skills.
• Strong analytical skills.
• Ability to maintain confidentiality.
• Ability to relate well with people at all levels.
• Ability to pay attention to details
Kindly send your Cover Leter and CV to
info@cosmopolitanmhi.com