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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The Finance Manager -Operations reports to the Financial Controller and is responsible for overseeing financial accounts, internal controls and bank reconciliations.
Key Measurable Goals
- Effective management of suppliers’ payments, statutory payments, utility bills and all branch and Head Office imprests.
- To ensure internal and bank reconciliations are done on timely basis and closing all outstanding issues.
- Budgetary and Business planning
- Tax computation and Management.
- Liaison with administration and procurement department in regard to suppliers and procurement issues.
- Liaison with Internal and External auditors.
Key Responsibilities
Finance Operations
- Effective management of suppliers payments, timely and accurate statutory payments, utility bills and all supplier payments
- Oversight on Petty cash & imprest administration ensuring branches are adequately replenished at all times.
- Management of staff advances and settlements.
- Liaising with Procurement & Admin Manager ensuring that Creditors and suppliers are managed satisfactorily.
- Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
- Monitor and control the bank's budget variance to remain within acceptable range.
Internal Controls & Bank Reconciliations
- Ensuring that all control account reconciliations are carried out on a timely basis for all control accounts and reconciling items are dealt with on time.
- Ensuring that all bank reconciliations are carried out on a timely basis, investigations done on outstanding items and cleared.
- Ensure good bank relationship management for purposes of correction and issuing of paying instructions.
- Ensuring that all fixed assets are adequately recorded, reconciled and reported.
Budget Preparations and Business planning
- Involved in Business planning and budget preparation.
- Budget control and monitoring by ensuring the budget holders take charge of their costs and through variance reports.
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Support and/or undertake cost benefit analysis on all expenditures and investments.
Taxation
- To ensure that monthly Tax computations are prepared and made on time such as PAYE, reverse tax and withholding tax.
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Perform a quarterly tax health check.
Leadership
- Mentor and develop the team, managing work allocation, training, problem resolution and leave management.
Bankwide AML, KYC & CFT
- Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
- Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibility
Staff Reporting Directly to the Job Holder
Operations Accountants
Administration Supervisor
PERSON SPECIFICATION
Essential
Education
Degree in Business related Studies
CPA (K) /ACCA
Desirable
-Master’s degree in business or finance.
Other Professional Certifications.
Knowledge and Skills
Analytical skills
Management and Leadership skills
Financial Management
Excellent Computer packages knowledge
Working knowledge of Emerge T24 and Great Plains ERP
Experience
At least 3 years Supervisory experience in Financial Accounting.
Tax computation and management experience.
Personal Attributes
Demonstrate management abilities
Analytical
Confident
Integrity
Diligent
Attention to detail
Physical demands
None
Skills
Education
Closing Date
26 September 2024
The Old Mutual Story!