The Finance Manager, is a senior management position that is accountable for the provision of timely and accurate cost and management accounting information to inform executive decision-making. The incumbent is responsible for the identification of interventions to improve cost and business processes, including inventory control, accurate cost classification, quantity tracking, and cost of sales calculations. The management and development of Finance staff and the ability to prepare financial statements is important.

DUTIES AND RESPONSIBILITIES:

• Manages the budgetary control system and monthly variance analyses underpinned by activity-based costing and provides the analysis and proactive management of monthly functional spend and budgetary control via departmental variance analysis reports
• Advises on new capital expenditure and capex variances against pre-approved budget limits and provides financial data for costing exercises and scenario planning to aid management with business decisions. Reviews and approves monthly analyses and reconciliations for specific accounts and assures that accounts are accurate
• Prepares, monitors and advises on costing of Work in Process, manufactured Finished Goods and Traded Goods, prepares costing for all types of grains, other raw materials and packaging materials that go into the production process in line with IFRS
• Oversees the weekly stock reconciliation process and advises on stock cycle counts
• Continuously reviews product and segment contribution margins and recommends interventions to improve profitability
• Oversees corporation tax and deferred tax modelling alongside the Manager, Financial Accounting. This includes analyses and recommendations in keeping with IFRS requirements for financial reporting of credit risk, year-end valuations required for Chief Finance Officer assurance
• Coordinates the preparation of the monthly financial reports and perform other related duties as may be required by the Head of Finance. This includes at times overseeing financial accounting areas such as preparation of quarter financial accounts, year-end financial accounts and operational teams in the absence of the Manager, Financial Accounting. Coordinates the Interim and Annual 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