Finance Manager

Job summary

Reporting to the Chief Executive Officer (CEO), CIDRZ LTD the incumbent will initiate and process Financial Transactions, enforce Internal controls, prepare monthly Budgets and manage compliance to statutory and regulatory obligations such as Taxes, fees/levies, contributions in liaison with the Head of Finance under CIDRZ NGO.

Main duties

• Initiating and processing financial transactions involving income, expenses and balance sheet accounts.
• Supervision and management of sales and receipting operations by the Cashier.
• Payments processing on staff payments, vendors, statutory and regulatory remittances, etc.
• Enforcing internal controls as stipulated in the Finance and Accounting Policy Manual and indeed other related operating policies and procedures.
• Process monthly GL reconciliations on income, expenses, and nominal ledgers to ensure accuracy of balances reported in financial statements.
• In liaison with the CEO, prepare the annual budget and detailed supporting schedules.
• Prepare monthly budget-to-actual financial performance appraisal reports for Management’s review and decision making.
• Prepare quarterly financial performance forecasts to year-end.
• Preparation of quarterly financial reports including the income statement, statement of financial position and cashflow for Management and Board reporting.
• Preparation of annual financial statements for statutory audit.
• Management of cash transactions to ensure proper accountability of cash sales and cash receipts.
• Enforce banking procedures on cash sales and receipts in line with provisions in the Finance and Policy Manual.
• Perform daily cash sales reconciliation and bank reconciliation statements to ensure completeness of banking transactions.
• Monitor daily liquidity/cash levels across all accounts and currencies and make recommendations for mobilization of liquidity to meet operation requirements. This should include sale and purchase of foreign currency amounts.
• Monitor and collect accounts receivable balances arising from credit sales extended to corporate clients in line with the Credit Sales Policy.
• Monitor and settle accounts payable balances in line with credit terms agreed upon with vendors of goods and services.
• Prepare monthly reconciliations of Receivables and Payables at individual customer/supplier level and GL control account level.
• Maintain a comprehensive fixed assets register reconciled to the GL control accounts.
• Perform monthly fixed assets accounting procedures on capitalization, depreciation, disposal, revaluation, etc.
• Carry out regular fixed assets verification to validate location and state of fixed assets to provide assurance on continued availability of fixed assets.
• Accounting for inventory/stock by reconciling systems balances to physical stock and carrying out regular stock-counts with the Stores Manager.
• Maintain inventory/stock records for stock receipts, sales, issuances, damages, losses, etc. and reconcile as necessary.
• Manage compliance to statutory and regulatory obligations such as taxes, fees/levies, contributions, etc. in liaison with the Head of Finance under CIDRZ NGO.
• Handle all related accounting transactions and GL reconciliations to ensure accurate and proper recording.
• Process payments using correct amounts and in time to avoid incurring any financial penalties.
• Carry out other financial and operational duties as may be assigned by Management from time to time.

Qualifications

• Full Grade Twelve (12) Certificate.
• Degree in Accountancy or equivalent.
• Full professional qualification such as CA Zambia/CIMA/ ACCA.
• Must be a registered member of the Zambia Institute of Chartered Accountants (ZICA).
• Minimum of five (5) years’ relevant post qualification experience, working in a busy finance and accounting environment.
• Must possess practical skills in management and financial reporting.

Competencies

• Analytical and problem-solving skills.
• Planning and organizational skills.
• Teamwork and interpersonal communication skills.
• Risk management skills.
• Proven results-oriented attitude

Suitably qualified candidates are invited to apply. However, only shortlisted candidates will be contacted.