Regional Finance Manager

Zambia

Purpose of the Role:

  • To manage and co-ordinate site-based financial support to the Business.

  • To drive and consolidate regional sites financial management and reporting, ensuring that the information is correct and reconciled.

  • To provide regular and ad hoc analytics and performance dashboards that act as an early warning system; provide insight into the Operation; and facilitate decision-making.

  • To ensure corporate governance compliance across the regional sites.

  • To be responsible for capacity building efforts of regional finance teams.

Key Responsibilities:

  • Strategic Contribution

    • Ensure regional implementation of the financial strategic plan and key objectives that serves as a framework for making decisions.

    • Provide financial insight to the region’s leadership teams and ensure long term operational sustainability.

    • Ensure that assigned and agreed strategic targets are operationalised and achieved.

    • Perform comprehensive reviews of regional financial reports and identify and implement preventative and corrective actions to address issues found during the reviews.

  • Budgeting and Forecasting

    • Lead the inputs for the formulation of the regional budget.

    • Consolidate the regional annual budget inputs, conduct reasonableness checks and submit to the Group Finance Manager.

    • Liaise with regional sites regarding capex budget submissions and collate the capex budgets for the region.

    • Closely monitor regional budget vs actuals and drive corrective initiatives where necessary.

  • Weekly, Monthly and Annual Financial Reporting

    • Coordinate the weekly and monthly financial reporting from regional sites to ensure that it is accurate and on-time.

    • Coordinate the region’s weekly, monthly and yearly financial close and take responsibility for accurate reporting within the defined deadlines, including stock takes and debtors’ invoicing.

    • Perform comparative analyses on the financial system to assess the results to budget, forecasts and last year to test accuracy and reasonableness.

    • Consolidate commentary from regional sites and submit to the Group Finance Manager on the weekly and monthly financial results being reported.

    • Perform a weekly debtors’ analysis and in-depth interrogation of any debtor over terms.

    • Prepare the regional sites debtors’ reports with associated explanations for status.

    • Conduct inventory analyses relating to purchases and usage of different product items.

    • Oversee the monthly regional sites petty cash, credit card and petrol card reconciliations.

    • Through regular review, ensure that there are no high risk audit exceptions.

    • Analyse month-end reconciliations and related analysis of all regional site accounts.

    • Prepare the submission and monthly reconciliation of any statutory returns including VAT, Income Tax and payroll taxes for all regional sites.

    • Perform comprehensive reviews of regional financial reports and identify and implement preventative and corrective actions to address issues found during the reviews.

  • Technical Expertise and Commercial Insight

    • Conduct training and development for regional site-based staff involved in financial management and administration.

    • Provide commercial insight in the implementation of regional projects.

    • Plan and develop best practice, systems, processes and procedures to enable continued improvement that meets the needs of the Business in times of change.

  • Governance Compliance

    • Ensure compliance with in-country financial legislation and Business-wide operational procedures and internal controls.

    • Ensure international compliance with capex application and procure to payment processes.

  • Asset Management

    • Ensure the assets of IFS are fairly reported through periodic asset verifications and compliance with IFRS principles.

    • Ensure appropriate wear and tear and depreciation rates are applied consistently and in line with IFRS principals and current in-country tax legislation.

    • Manage asset movements, additions, transfers and disposals.

    • Review fixed asset reconciliations.

    • Ensure sales of assets are fully transacted before closing month end.

  • Additional Financial Management

    • Assure timely and accurate invoicing.

    • Make recommendations to improve the quality of invoicing and collection procedures.

    • Ensure all internal and external stakeholders are receiving the correct level of finance services in accordance with agreed service levels and contractual requirements.

  • Capacity Building

    • Conduct training and coaching for the site financial controllers to ensure that they maintain the same standard across the board.

    • Identify the needs and support in the development of the finance teams on site to increase their competence in preparation of financial reports in line with Company standards.

    • Participate in the recruitment process and selection of finance staff for regional sites.

Education and Experience:

  • Ideally a CA/ACCA qualification or a similar professional qualification in finance or accounting.

  • At least 7 years’ relevant experience in similar environment.

  • Experience in managing multiple business units/ sites/ operations.

  • Experience in Mining, Oil & Gas, Construction, and Facilities Management sectors would be preferred.

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