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Finance Manager

Job Title: Finance Manager
Contract Type: Permanent
Location: Mauritius
Industry:
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

Controlling

  • 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

Procurement

  • 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.

Administration

  • 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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