Head of Finance

Job Description

Company Introduction

Job Responsibilities and Duties

• Heading the Financial Management Unit, which includes functions such as accounting, tax, and processing;
• Preparing monthly management accounts and reports, including balance sheets, income statements, and cashflow statements, as well as annual financial statements and tax filings;
• Preparing budgets and evaluating actual performance against established budgets;
• Managing and monitoring grant expenditures, supervising and reviewing grant billings and reporting, analyzing spending versus budget variances, and making necessary adjustments for budget compliance;
• Analyzing revenue and expenditure trends within various functions and recommending appropriate budget levels to ensure expenditure control;
• Liaising and participating in exercises conducted by external auditors, internal auditors, banks, regulatory and governmental authorities/departments;
• Overseeing the completion of financial entries, including cash, receivables, payables, and revenue, and expense accrual entries;
• Reviewing requests for payments for accuracy and proper authorization;
• Reviewing revenue, expense, payroll entries, invoices, and other accounting documents;
• Monitoring and reviewing accounting and related system reports for accuracy and completeness;
• Identifying and resolving accounting discrepancies;
• Reconciling financial discrepancies by collecting and analyzing account information;
• Preparing and presenting reports and other documentation to Senior Management in a timely and accurate manner, as requested;
• Monitoring and reviewing the bank reconciliation of all bank accounts to ensure adequate funds for day-to-day company needs, including drawdowns from project-related loans, online payments to suppliers, and payroll;
• Initiating claims for payment/reimbursement under subvention voting lines of the GoM;
• Monitoring and reconciling payments of EU Funded projects (ERDF);
• Acting as a company signatory if required by the Board;
• Contributing to the achievement of the Company’s objectives;
• Implementing the Company’s policies and procedures within the finance function;
• Managing and leading continuous improvement and change within the finance function;
• Providing advice, guidance, direction, and authorization to staff regarding the Company’s plans, policies, and procedures;
• Communicating with staff to ensure clear definition and understanding of responsibilities, authorities, and accountabilities;
• Delegating responsibilities as appropriate to staff;
• Providing guidance and leadership to staff;
• Supervising, training, coaching, and evaluating staff as needed;
• Performing any other job-related duties as necessary or assigned from time to time;
• Consulting with the CFO and/or other designated individuals to resolve sensitive or strategically important issues and problems.

Experience

• Be a fully qualified Accountant;
• Proven experience of working in a similar environment will be considered as an asset.

Personal Skills

• Have excellent communication skills;
• Have leadership skills;
• Have analytical skills;
• Be a team player.