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Finance Manager

Job Title: Finance Manager
Contract Type: Permanent
Location: Mauritius
Salary: Attractive
Reference: 5130
Contact Name: Salim Peer
Job Published: May 10, 2019 12:46

Job Description

An international company with an important production unit in Mauritius is seeking to recruit a top tier Finance Manager who will act as an advisor to the GM and assumes a strategic role in the overall management of the company.

Duties and Responsibilities

General Planning

  • Participate to the good governance, development & key decisions of the company and its future strategies
  • Participate in the improvement of the company safety standards and compliance
  • Assess organisational performance against budget and provide critical financial and operational information to the GM
  • Make actionable recommendations on both strategy and operations
  • Represent the company to financial partners, including financial institutions, auditors, public officials, and investors
  • Monitor the implementation of strategic business plan and develop performance measures
  • Manage the accounting, procurement, credit control, IT, legal, tax, and treasury

Risk Management

  • Understand and mitigate key elements of the company's risk profile
  • Monitor legal issues involving the company and affecting the industry
  • Ensure a reliable control environment and compliance with legal and regulatory requirements
  • Maintain appropriate insurance coverage
  • Ensure that record keeping meets the requirements of auditors and government agencies
  • Liaise with solicitor and ensure that all contracts are legally vetted before GM sign off
  • Report risk issues to the audit committee of the board of directors

Financial Reporting

  • Ensure timeliness and accuracy of Statutory Financial, Management, Memphis & Forecast reporting for the company’s board of directors, technical & audit committees, government departments and tax revenue authorities
  • Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and overhead costs
  • Ensure analytical comments on key variances and indicators are concisely reported
  • Ensure the tax computations are properly performed as per local tax laws & coordinate proper filing of returns
  • Engage with outside consultants (auditors, external advisors) to ensure timely reporting

Treasury Management

  • Oversee the cash flow, capital & treasury requirements of the company taking into consideration risk & liquidity
  • Optimise financing resources through effective treasury cash forecasting and management
  • Monitor cash balances and arrange for debt financing
  • Monitor the company foreign exchange exposure and take necessary actions accordingly


  • Responsible for monitoring of company performance in line with budget and develop strategies for cost optimisation
  • Identify and report areas whereby the company is efficient or underperforming and how this information can best be used to improve the company performance
  • Ensure that a sound internal control system is put in place and optimise the company’s credit line facilities
  • Set up and maintain a controlling system which focuses on EBITDA achievement by proposing actions to improve performance
  • Enforce effective budgetary controls
  • Develop and analyse the Key Performance Indicators which are reported on monthly dashboard


  • Define the local procurement strategy and ensure its implementation
  • Set and measure KPIs to track Procurement performance
  • Oversee the procurement process and all purchasing and ensure adequate controls are in place and that substantiating documentation is approved and available for all purchases in accordance with authorisation policy.


  • Ensure proper and timely renewal of general and motor insurances
  • Check and approve reasonableness of monthly payroll

Credit Control

  • Ensure that an effective system of credit control is in place.
  • Approve credit limit & terms
  • Participate in credit committee

Process, policies and procedures/Internal Audit

  • Implement controlling procedures & policies
  • Ensure compliance to company’s local policies and procedures
  • Review access rights access on a yearly basis
  • Ensure that the internal audit team are given all facilities to carry out its audit exercise and actions list/recommendations of the internal audit team are duly acted upon.

Management team, finance team & other employees

  • Develop & manage the finance team to ensure proper maintenance of all accounting systems and function
  • Mentor and develop, direct team members, managing work allocation, training, problem resolution, performance evaluation and the building of an effective team dynamic.
  • Provide advise as required
  • Participate actively in management meeting
  • Participate & present financial aspects affecting the company during management, finance & staff meetings

Board/Technical/Audit meetings

  • Provide at reports which includes decisions or issues considered to be material to the Company with respect to compliance of  financial policies
  • Provide information that gives assurance to the Board that appropriate accounting systems, information systems, controls and procedures are being maintained
  • Participate & present the financial topics and any other matters related to the operation of the company

Information Technology

  • Coordinate IT issues to have it resolved in a timely manner
  • Supervise the outsource IT Manager
  • Manage any third parties to which IT functions have been outsourced

Project & Business development

  • Involve in the development of new business project
  • Guide and advise on project accordingly

Qualifications and Experience

  • ACCA Qualified + a degree in Management
  • Minimum of 7 years working experience at Senior Management level
  • Ability to do forecast & budget financial modeling
  • Ability to analyze financial information and provide insight into the organisational operations.
  • Good written & communication skills
  • Able to make presentations during management, finance, staff, committee and board meetings
  • Applies logic and common sense in making decisions
  • Team spirit, trust and collaboration

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