Job Title: Finance Manager
JOB DESCRIPTION
Job Title: Finance Manager
Scope: Finance Function
Base Location: Moshi, Tanzania
CAREER OPPORTUNITY OVERVIEW:
Our client is a new member to Group, which has experienced sustainable growth in the past 32
years and has become the Number 1 Tropical Seed Company in the world.
The Finance Manager is expected to manage and maintain, in close working relationship with the
General Manager, the business planning and budget process, including budgets, operating
expenses, strategic expenses, capital expenditures, budget monitoring and re-forecasts. This
position will develop a strong commercial insight into and understanding the company’s business
operations and ensure that the company has effective financial systems, controls and processes in
place, which are aligned to the Company’s key strategic initiatives ( Organization Development,
Market Growth, Quality Leadership, Intellectual Property protection, and Communication ).
The Finance Manager also provides the General Manager and Board of Management with accurate,
up-to-date management information as to the financial performance of the Company.
The position will be in charge of implementing Group Initiatives from the Group Chief Financial
Officer, giving recommendations for adapting them to local needs, more effective implementation
and feedback for continual improvement. S/he will create the local strategy for the finance
function that contributes to the overall business strategy of the company.
THE BUSINESS DRIVERS for the FINANCE MANAGER:
These are the key requirements for this position, based on the current challenges and business
imperatives, which will determine the behavioral competencies needed to be successful.
( Listed in ranked order ):
1. Execute Organizational Strategy – Develops a course of action or set of goals to ensure
successful realization of organizational strategies.
2. Align Work Group with New or Evolving Organizational Paradigms – Aligns work group with
new organizational vision; gains team commitment to related ideas and strategies.
3. Lead High-Performance Work Groups – Implements a culture within organizational groups that
leads to greater excellence or continuous improvement.
4. Create Alignment and Accountability – Establishes clear goals that align a unit’s efforts with the
organization’s goals; ensures synergies between people, processes, and strategies to drive
flawless execution of business objectives.
5. Drive Cross-Functional Partnerships - Builds and leverages formal or informal high-performing,
cross-boundary partnerships.
THE MANAGEMENT & LEADERSHIP ROLES are to:
• Contribute to business goals of the company, participating in meetings, working with the
Senior management team, other department managers, securing needed resources to support
its financial management; further build its Business Partner role, develop strong partnerships
with company managers, and Finance managers in other companies in the group.
• Create a long-term Finance strategy that contributes to the overall strategy of the company;
keep abreast of state-of-the-art Financial Management and practices; strengthen the areas of
financial planning, accounting, financial reporting, risk management an treasury management.
• Manage all aspects of the Finance function – making trade-offs within the function to support
the overall business growth strategy of the company.
• Organize, develop and motivate the Finance teams - effectively staff the team; delegate to
direct reports and build their capabilities through learning experiences; attract, develop,
motivate and retain Talent; implement HR management systems that in terms of recruitment,
performance management, career development, learning & development, recognition and
rewards management; recommending improvements in quality, delivery, efficiency and people
development.
THE KEY RESULT AREAS FOR FINANCE are :
Essential activities for the Finance Manager will cover planning, budgeting, organizing, leading and
evaluating the implementation of Finance programs and organization development initiatives.
A. TREASURY & FINANCE
• Fund management and allocation with reliable weekly cash flow projections and quarterly
rolling forecasts
• Negotiate with banks on loan facilities ( new loans and renewal of loans )
• Establish and implement Credit and Collection policies and programs to ensure realization
of targeted DSO ( Days Sales Outstanding ) and collection targets
• Coordinate with sister companies on timely settlement of intercompany payables and
ensuring collection of intercompany receivables
• Oversee Accounts Payable management, ensuring that the Company’s obligations and
liabilities are settled within the discount periods and due dates.
• Oversee Inventory Management in coordination with the seed processing plant
warehouse, seed production and sales & marketing, to ascertain the proper flow of stocks
and ensure continuous supply
• Manage employees’ pension fund / retirement fund and property insurance
• Have a thorough understanding of Transfer Pricing issues
• Optimize tax planning benefit and implement the plan for the company
B. CONTROLLERSHIP & ACCOUNTING
• Review the budget and the rolling forecast (ROFO) reports ( departmental OPEX, STRATEX,
CAPEX, budgeted and ROFO financial statements ) in accordance with the Group reporting
format.
• Review costs and expense analyses in comparison with budgets to ensure that significant
variances are explained and properly addressed
• Review and analyze the Monthly Management Report and year-end audited financial
statements
• Review and analyze the audited financial statements for submission to the Revenue
department in Tanzania.
• Coordinate with the East-West Seed Regional Operating Headquarters (ROH) on Group
Accounting standardization projects to ensure quick and accurate consolidation of
accounts at the Group level
• Ensure that all Group Accounting projects as initiated by the Regional Headquarters and as
applicable to the company are complied and completed within timelines to ensure success
of the implementation
C. LEAD & DEVELOP PEOPLE, MANAGE PERFORMANCE
• Establish a winning culture in the team, promote operational excellence, develop intensely
loyal internal customers, achieve a distinctive contribution and contribute to the
Company’s financial results
• Encourage strategic thinking, lead & manage change and promote innovation
• Lead by inspiring trust, clarifying purpose, aligning systems and unleashing talent; work to
maintain or improve positive employee engagement levels
• Ensure that performance goals are focused and aligned; that people receive feedback and
coaching to succeed; ensure the linkage of performance and merit to organizational
recognition and rewards
• Ensure the learning and development of people; share knowledge and experiences
• Regular communication ( especially listening ) to people at all levels – to know what
individual contributors are working on and how they are being managed, without
diminishing the authority of their immediate superiors.
D. OTHERS
• Other responsibilities assigned by the General Manager, as required to achieve the
Company’s business goals
QUALIFICATIONS:
• Not less than 5 years relevant experience in managing the Finance function and working with other
members of the Management team
• Strong leadership skills, with a track record for attracting, developing, motivating and retaining
talents
• Have “can do” attitude and willing to start from scratching in case there aren’t existing solutions
• Knowledge in International Financial Reporting Standards ( IFRS )
• Bachelor degree in Commerce or Accounting, preferably a Certified Public Accountant or MBA
• Excellent English Communication skills
• Customer-orientation in delivering Finance services / advise
To apply send your CV to mariam@empower.co.tz
www.empower.co.tz
Qualified applicants should send their CV to mariam@empower.co.tz with the full job title in the subject
line. (Do not send us your certificates) Please disclose your current salary in the email – only shortlisted
candidates will be contacted.
