Finance Manager and procedures Development Lead

Key Role and Responsibilities:

Management

Ø Manage the job function of the company accountant and 1st level approver for all financial transactions.

Ø Develop, implement, and maintain a documented system of accounting, internal control activities and general operational set of policies and procedures, in line with Company’s guidelines and approved by the Board of Directors.

Ø Manage outsourced functions and personnel.

Ø Establish and maintain close liason with Corporate CFO office for support, preparation, and approval of MRF, management reports, cash flow statement and treasury operations.

Funds Management

Ø Forecast cash flow positions and/or related borrowing needs and propose cash management options to Corporate CFO office for approval.

Ø Ensure sufficient availability of funds to meet ongoing operational and capital investment requirements.

Ø Ensure all local currency sales are hedged against a major convertible currency to mitigate financial risks related to financial exposures or foreign exchange positions.

Ø Maintain banking relationships.

Ø Manage trade finance requirements/instruments to fulfil business needs.

Ø Monitor and manage receivables and credit limits.

Budgeting

Ø Work with Managing Director during the annual budget cycle to develop the company’s financial targets for the year and prepare budget presentation for management approval.

Ø Assist management in the formulation of its overall strategic direction.

Ø Prepare quarterly management report showing variances across the different financial KPIs of the budget and provide reasons for such variances.

Financial Analysis

Ø Engage in ongoing cost reduction analysis in all areas of the company.

Ø Interpret the company’s financial results to management and recommend improvement activities.

Ø Assist in the determination of product pricing in relation to features offered and competitor pricing.

Ø Support the CAPEX approval process by preparing economic evaluation models showing Net Present Value (NPV) and Internal Rate of Return (IRR) based on a discounted cash flow analysis and establishment of realistic cost and revenue estimates that are in line with the market.

Ø Any other ad hoc financial activities of the company.