Head of Finance, GardaWorld Tanzania

Position/Employment type:

Head of Finance, GardaWorld Tanzania

Organization/Reporting line:

Reports to: Finance Director – Africa with a dotted line to Managing Director, GW Tanzania

Direct Reports: Chief Accountant, Payroll Accountant, Management Accountant, Credit Control Manager, Procurement Manager

Place of work/Travel:

Dar es Salaam, Tanzania

Contact and Cooperation:

Internally: Main cooperation with the Finance Director -Africa, Business Unit Heads and Heads of Support functions/ Departments 

Externally:  Suppliers, Clients, Tanzania Revenue Authority, PwC Auditors, Legal Advisors, Government officials. 

Job Summary: 

Head of Finance is tasked with the implementation of effective financial management systems and procedures aimed at improving financial reporting and accounting. The incumbent is responsible for ensuring that GW Tanzania financial planning, analysis and reporting is done correctly and on a timely basis to provide financial information to Management for decision making. 

Key Responsibilities:

1. Carry out financial analysis including budget and month on month variance analysis is done on a timely basis and provide adequate explanations on the variances as reported; 
2. Oversee the payroll function ensuring that all salaries and wages are computed correctly according to the guidelines laid down and are paid on time. This includes checking and approving payroll computations and ensuring timely payment of monthly salaries and wages;
3. Provide timely and accurate analysis of budgets, financial trends and forecasts, working with Business Units Directors and heads of departments to develop annual budgets and business plans; 
4. Regularly review the General Ledger and Company Accounts designation to ensure that they are adequate and appropriate for purposes of providing relevant and reliable management information on a timely basis;
5. Manage financial reporting, ensuring timely and accurate reporting of monthly, quarterly and annual financial statements and management reports;
6. Check and confirm monthly management and financial statements and liaise with auditors for any adjustments that may be necessary during the audit.
7. Develop and implement appropriate internal control systems and financial procedures across the company and ensure adherence to the set policies. Take lead in updating, reviewing and documenting GW Tanzania financial policies and procedures; 
8. Monitor all financial activities and practices to ensure compliance with statutory requirements and company policies;
9. Support Credit Control function and ensure debts are collected and issues resolved on a timely basis;
10. Oversee and manage treasury and banking functions;  
11. Approve LPOs, payments, EFTs, sign payment cheques and ensure suppliers of goods and services are paid on a timely basis; and
12. Actively manage finance team members in accordance with GW HR policies and processes and ensure the team members are supported to maintain excellence in service delivery and have opportunities for professional development. 

Principal Outputs of this Role:

1. Timely production and presentation of monthly management and financial reports for decision making;
2. Approval of supplier payments and staff salaries;
3. Lead the annual budgeting process in line with the annual plan, providing guidance to the departmental heads as is necessary;
4. Accurate and up-to-date financial information is maintained, and unit heads are provided with management reports that facilitate decision making;
5. Effectively manage the company’s working capital;
6. Adherence to internal controls that safeguard the company assets and compliance with TRA and other statutory bodies;

Accountability:

Head of Finance is accountable to Finance Director, Africa with dotted line to the Managing Director, Tanzania for the responsibilities stated in this job description. These responsibilities will be monitored and managed through the mid-year and annual performance review and supported through the monitoring of KPIs.

Competencies:

• Strong leadership skills with hands-on capability and management style.
• Demonstrate a high degree of sensitivity and confidentiality when dealing with internal and external customers.  
• A go-getter, enthusiastic, results oriented with excellent interpersonal, communication and social skills.  
• A forward planner with clear focus, well-organized, detail-oriented and able to multi-task
• Have a high sense of accuracy, attention for detail and with strong analytical ability.  
• Business acumen, strategic thinker with ability to make sound decisions for the business
• Have good numeracy, problem analysis and reporting skills;  
• High moral standing with impeccable integrity; and
• Ability to grow, support and develop talent within the department

Qualifications & Experience:

• Bachelor’s degree in business administration, Finance or its equivalent from a recognized institution; 
• CPA or its equivalent and Member of Institute of Certified Public Accountants or a relevant professional body
• At least ten (10) years in Accounting and Finance, 5 of which should have been at a management level.
• Technical skills in most if not all aspects of financial management with a focus on budgets and financial analysis, decision making processes, accounting policies and procedures 
• High standard of IT literacy including NAV software, MS Office, in particular advanced Excel skills
• Conversant with Tanzanian Tax laws