Manager, Financial Accounting

The Financial Accounting function at NFM ensures robust internal controls, compliance with accounting standards and timely posting of transactions related to inventory, payments, receipts, banks, fixed assets and general ledger for accurate reporting.

The Manager, Financial Accounting, is a senior management position that is accountable for the provision of timely and accurate financial accounting information to inform executive decision-making. The incumbent is responsible for the identification of interventions to improve financial business processes, including internal control over financial reporting, accurate account classification, maintenance of the month ends close process, management of treasury and investment activities, control over cash and sales collections, credit cards and management of online payment platforms. The role also oversees the preparation of the weekly/monthly payrolls, withholdings, income, corporate and sales taxes that are required and the timely remittances to the various statutory bodies. The ability to prepare financial statements is important. The information provided is critical to the profitability and sustainability of NFM. 

DUTIES AND RESPONSIBILITIES:

• Maintains and reviews weekly cash flow projections in a standard format suitable to identify key sources of inflows and outflows to support daily cash management

• Reviews and approves all accounting entries for all payroll cycles, petty cash and bank account transactions, loans, credit cards, accruals, interbank transfers, and other transactions including pension and medical benefit plans, operating cost versus capital expenditure and account reconciliations and variances

• Manages tax payments, performs internal audits of financial processes, and provides cost and revenue analyses to senior managers

• Prepares, monitors and advises on the financial delegation of authority maintained for vendor payments and online payment platforms

• Oversees the company’s loan and credit facilities, value added tax, business levy, and green fund levy reporting

• Oversees relevant valuations including Expected Credit Losses, Right of Use assets and Asset Impairment for financial reporting

• Coordinates the preparation of the trial balance, month, quarter and annual audited financial accounts using International Financial Reporting Standards (IFRSs) and coordinates aspects of the Interim and Annual External Audit process

• Develops and maintains Key Performance Indices (KPIs) for key areas and for all staff objectives

• Reviews and advises on areas for improvement to maximize the benefits from use of the NFM enterprise resource planning system with specific emphasis on standardizing procedures, digitizing data and reducing paper-based transactions

• Manages and develops Finance staff, including timely performance objectives setting, performance assessments, training and development needs, and succession planning

REQUIREMENTS:

• Fifteen (15) years post qualification experience in a manufacturing and financial accounting environment
• Ten (10) years at a supervisory level
• Preference will be given to experience in a retail manufacturing environment
• Experience in managing payroll, accounts payable, fixed assets, general ledger, inventory and accounts receivables functions
• Treasury experience in managing loans and credit facilities
• Experience in preparation of consolidated financial reports to IFRS standards
• Experience in credit loss, impairment and lease accounting
• Experience in preparing senior management and executive financial summaries
• Experience in managing business relationships with banks, auditors, vendors and internal customers
• Experience in preparing vat returns, green fund levy, corporation tax, business levy and deferred tax
• In-depth knowledge of production processes, inventory receipts and issues, product costing and finished good valuation
• Experience in the development of company-wide budgets using activity-based costing, and budget owner cost reviews with variances explained by cost drivers

SPECIFIC SKILLS:

• Communication and interpersonal skills to engage and coach staff
• Ability to support staff in their job and to help develop their job specific skills
• Proficient in using Key Performance Indicators (KPIs) to drive performance
• Familiarity with and adherence to employer’s HSSE Policy
• Ability to manage staff to complete tasks on time and to a high quality
• Strong attention to detail and the drive to investigate and resolve issues/concerns