Finance Manager Employment Opportunity – Liquid Telecom
Organisation: Liquid Telecom
Duty Station: Kampala, Uganda
Reporting to: CEO – Uganda dotted line to CFO EAR.
About US:
Liquid Telecom is the leading independent data, voice and IP provider in eastern, central and southern Africa. It supplies fiber optic, satellite and international carrier services to Africa’s largest mobile network operators, ISPs and businesses of all sizes. Liquid Telecom also provides payment solutions to financial institutions and retailers, as well as award winning data storage and communication solutions to businesses across Africa and beyond.
Job Summary: The Finance Manager will be responsible for developing and maintaining financial strategy for Uganda, sourcing strategy, policies and procedures and internal controls. Evaluates and manages financial performance and manages financial risks. Provides financial decision-support and advisory services to CEO Uganda and other departments
Key Duties and Responsibilities:
Financial Strategy, Policies, Procedures and Internal controls:
- Formulates Financial strategic action plans for Uganda aligned to the Group and ensures the implementation and compliance of LTU financial policies and procedures
- Ensures financial implementation and standardization of controls, systems policies and procedures for LTU
- Formulates performance standards in the department and ensures that financial strategic objectives are pursued and achieved
- Formulates the LTU supply chain strategy
- Analyses monthly financial performance against established benchmarks set within the business plan framework for LTU
- Prepares financial feasibility and profitability studies; evaluates and approves financial dimensions of new projects, new products and main changes to processes
- Administers and schedules all quarterly performance appraisals for the Finance department, establishment and agreement with staff on Key Result Areas and Key Performance Indicators
- Ensures that capital expenditure for LTU is correctly accounted for and is in line with accounting requirements for Property, Plant and Equipment
- Oversees the disposal of Property, Plant and Equipment have been correctly accounted for and proceeds are banked
- Evaluates useful lives of assets and ensures they are regularly assessed and its impact on profitability is appropriately assessed and is aligned to the LTU guidelines
Financial Performance and Financial Risks management:
- Ensures that the business achieves or surpasses its profitability targets by monitoring key expenditure areas and that profitability margins are in line with business plan
- Manages the Cash flow ensures efficient debt collection and credit policy for LTU
- Meets key line managers weekly regarding their expenditure and carries out monthly variance checks and addresses them through line managers
- Secures and negotiates financing facilities with financial institutions
- Manages the company’s capital expenditure budget
- Responsible for Capital investment appraisal and Business Case creation, analysis and evaluation for decision making
- Reviews the daily and weekly status of airtime distributors to ensure that they do not exceed prescribed credit limits
- Ensures that the LTU complies with the laws and regulations of the country with respect to Uganda Communications Commission License fees, Customs & Import duty, Income and Corporate tax, filing of corporate returns and accurate record keeping
- Responsible for the tax management position of LTU
- Prepares and presents to financial analysts half year and annual financial results
Supply and Logistics Management:
- Negotiates prices and terms with suppliers, vendors, or freight forwarders
- Monitors supplier’s performance to assess ability to meet quality and delivery requirements
- Meets with suppliers to discuss performance metrics to provide performance feedback orto discuss production forecasts or changes
- Develops or implements procedures or systems to evaluate or select suppliers
- Maintains knowledge database of supplier’s markets, sub-categories, capabilities, technology, cost analysis and key performance indicators
- Develops and fully implements long term supply agreements for key strategic high value items and services for the company
- Spearheads strategic relationships with suppliers and partners in clearing, forwarding and distribution
- Reviews and improves the supply chain planning process
Statutory Reporting, Financial support and Advisory services to CEO and other departments:
- Prepares financial budgets and management reports thus ensures efficient budgetary control
- Prepares financial results and presents them to the CEO and board for approval
- Prepares monthly financial management results and presents them to the CEO and then to the executive committee
- Prepares LTU financial statements; including working with external auditors
- Direct involvement in strategic mapping for the entire organization by being a member of the Executive team
- Ensures tight controls in the up-keep of organizational information and physical security
- Recommends the training needs for employees within the Finance department
- Ensures that Quarterly performance appraisals are performed by all direct reports within the entire finance department
Qualifications, Skills and Experience:
- The ideal candidate must possess a Degree in Accountancy, Finance, Economics, Actuarial Science or Related Discipline
- Professional accounting qualification such as CPA, ACCA
- MBA or MBL will be an added advantage
- A minimum of eight years in Finance, Corporate Finance or a related discipline experience, 4 years should be in Senior Management position
- Knowledge of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) are a prerequisite.
- Good spreadsheet and financial modelling skills are a prerequisite.
- High skills on computer literacy with proficiency on MS Office and business modelling tools.
- Knowledge of pastel
- Good analytical, conceptual and diagnostic skills.
- Good understanding of the different business functions and their interaction towards the achievement of the business objectives.
- High degree of professional judgment and discretion
How to Apply:
All candidates are strongly encouraged to send their applications should be submitted to hr.uganda@liquidtelecom.com
Deadline: 18th December 2020.