Vacancy: Finance Manager (1)

Job Description

Reports To: General Manager

Job Purpose

Responsible for the effective implementation and monitoring of financial and management accounting systems, policies and procedures for Kumasi Compost Plant.

Key Responsibilities

Strategy & Policy Development  

• Participate in the development of strategy/business plan for the Finance Directorate and monitor its implementation.


• Develop for review/approval policies, standard operating procedures (SOPs), work plan and other support systems including monitoring mechanisms to achieve set targets of the Finance Directorate.  


• Manage Treasury, insurance and risk management programs. 

Budget Preparation & Control

• Participate in the preparation of annual budget and monitor its implementation.


• Responsible for the preparation of variance analysis of revenue and expenditure against budget and report/advice on any deviations for corrective action. 

Financial Accounting  

• Provide leadership in the implementation and maintenance of internal financial controls. This involves the following;-


• Implementation and effective monitoring of all system accounts (General Ledger, Fixed Assets Register, Debtors and Creditors accounts, etc.) to ensure accurate balances


• Preparing complete and accurate financial reports and analysis


• Monitoring key financial risk indicators


• Contributing to the improvement of the overall control environment of the company.


• Monitor cash resources and advise on investment opportunities for as appropriate.


• Direct the preparation of periodic Cash Flow Statements and submit report to Director for review/approval.


• Responsible for the development of accounts payable/receivable systems and monitor its implementation to ensure that all payments are in line with approved accounting polices/ guidelines.  


• Review periodic bank reconciliation statements and accounts reconciliation and initiate corrective actions where necessary.   


• Review and analyze financial accounting systems and advice on any inconsistencies for remedial action.   

Management Accounting  

• Responsible for the development of effective Fixed Assets Register system and monitor its implementation to ensure compliance.  


• Responsible for the preparation of Project Proposals for review/approval by Director/Finance.


• Monitor to ensure compliance of statutory deductions and payments (i.e.... tax, SSNIT, etc.)


• Monitor cost/expenditure and prepare relevant reports to guide Management in decision-making. 

Treasury & Cash Management

• Manage the treasury function and monitor to ensure that funds are available to meet operational requirements.


• Monitor to ensure the efficient management of company’s liquidity to maximise returns on assets through short/long term investment.


• Responsible for managing assets and liabilities. 

Stakeholder Relations & Management

• Maintain professional relationships with External Auditors, Regulatory Agencies, Financial Institutions and other external stakeholders in the area of financial management.


• Manage business relationships with counter parties as appropriate. 

Information & Reporting

• Responsible for the maintenance and update of records on financial and non-financial data to facilitate qualitative and quantitative analysis of the Finance function to support Management decision making.


• Responsible for the preparation of monthly, quarterly and annual financial reports and any other report related to job function.


• Monitor to ensure that all financial and management accounting reporting systems are in line with regulatory requirements and International Financial Regulatory Standards.  

Employee Performance & Development

• Hold direct reports accountable for the performance of assignments in their respective areas of responsibilities.


• Conduct performance appraisal and provide input for career development and recommend performance incentives for subordinate staff.


• Identify training needs and facilitate training for subordinate staff.

Required Skills or Experience

• Masters Degree in Accounting, Finance, Commerce or related field


• Ten (10) years working experience with at least 4 years in a management position


• Must be a member of a recognized professional body. (ICA, ACCA, CIMA, CPA)   

Knowledge And Skills Required

• Demonstrated knowledge in the use of accounting methodologies and tools.


• Considerable knowledge of Accounting Standards and related regulations.


• Good planning and organising skills.


• Considerable knowledge of the International Financial Reporting System (IFRS), Accounting and Auditing Standards and related regulations.


• Good financial knowledge, including treasury management, investment planning, asset allocation, etc.


• Good knowledge/understanding of company’s operations.


• Considerable knowledge and experience in strategic planning.