Vacancy title:
Head of Finance
Jobs at:
TrustGroDeadline of this Job:
31 October 2021
Summary
Date Posted: Friday, October 29, 2021 , Base Salary: Not Disclosed
JOB DETAILS:
JOB TITLE: Head of Finance
REPORTS TO: Chief Executive Officer (CEO)
LOCATION: Head Office
DIRECT REPORTEES : Finance Manager, Reporting Accountant, Accountant, Assistant Accountant
INDIRECT REPORTEE: NONE
Responsibilities
Financial Planning and Management
• Together with other senior management team, play a key role in the formulation of the business's strategy and supporting tactical initiatives.
• Monitoring and directing the implementation of strategic business plans and monitor all financial performance Key Performance Indicators.
• Developing and implementing financial and tax optimization strategies.
• Managing the capital requests and budgeting processes.
• Developing and implementing profitable, diversified and sustainable investment strategies.
• Managing the financial reporting for the organization. This includes real time and periodic (monthly, quarterly, annual) financial reporting, budgeting and forecasting, 5-year financial plans and all statutory financial reporting.
• Providing sound financial support and strategic insights to enable the TrustGro to make critical business decisions.
• Developing financial strategies by forecasting capital, facilities, and human capital. requirements; identifying monetary resources and developing action plans.
• Managing and overseeing the cash flow of the company and ensuring it has the appropriate treasury controls.
• Managing hedging and foreign currencies.
• Managing and overseeing the company's banking and borrowing arrangements.
• Managing relationships with Investors and other stakeholders.
• Managing and overseeing the company’s financial systems and controls.
• Overseeing Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial and Management Accounting functions.
• Advising on market changes and providing strategic financial recommendations to TrustGro executive leadership.
Risk Management
• Designing and overseeing the implementation of Enterprise Risk Management strategies.
• Overseeing commercial decision making from tender analysis, margin analysis, pricing analysis etc.
• Advising and implementing best practice methods to increase revenue and reduce costs.
• Monitoring all open legal issues involving the company, and legal issues affecting the industry.
• Designing and monitoring effective organization wide business control systems.
• Ensure that the company complies with all legal and regulatory requirements.
• Report risk issues to the audit committee of the board of directors.
• Maintain relations with external auditors and investigate their findings and recommendations.
Funding
• Raising short term and long-term debt and ensuring that the business has adequate liquidity at all times.
• Ensuring compliance with funding covenants.
Stakeholders Engagement
• Representing the company to various strategic stakeholders including but not limited to bankers and investors.
Operations
• Establish finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems and implementing strategic change.
• Participate in key decisions as a member of the executive management team.
• Maintain a strategic business partnership relationship with all members of the management team.
• Manage the accounting, human resources, investor relations, legal, tax, and treasury departments.
• Oversee the financial operations of subsidiary companies and foreign operations.
• Manage any third parties to which functions have been outsourced.
• Oversee the company's transaction processing and accounting systems.
• Implement operational best practices.
• Supervise acquisition due diligence and negotiate acquisitions.
• Recruit, train, mentor, coach and develop teams.
Requirements
Professional Qualifications
• BSc/BA in Accounting, Finance or relevant field.
• Professional certification in ACCA or CPA (K).
• 7+ proven work experience with 5 years in a senior finance role.
• MSc/MBA will be an added advantage.
Desired Skills
• In-depth understanding of cash flow management, bank reconciliation and bookkeeping.
• Hands-on experience with budgeting and risk management.
• Excellent knowledge of data analysis and forecasting models.
• Proficiency in accounting software.
• Solid analytical and decision-making skills.
• Leadership abilities and business consolidation experience.
• Excellent people skills, with experience collaborating in a multi-disciplinary, diverse, and dynamic team.
• Excellent leadership and influencing skills.
Work Hours: 8
Experience in Months: 84
Level of Education: Bachelor Degree
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Job application procedure
Qualified applicants are encouraged to send their application letters and CVs to careers@trustgro.com on or before the 31st October 2021.
Only shortlisted candidates will be contacted.
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