Finance Officer (Budget, Payable & Cost Control)

TMHS Group Limited is local registered company dealing with providing Emergency Medical Services, Health Solutions, Remote Medicals, Waste and Environmental Management, Safety Solutions and Medical Supplies Services. Currently, it is looking for a Finance Officer who is self-motivated, committed, result driven and self-motivated to work with the company for the Finance department

Job Title                : Finance Officer (Budget, Payable & Cost Control)

Department           : Finance Department

Reports to              : Finance Manager

Required Qualifications

• Degree in accounting, finance, business administration, taxation, or any related field
• Minimum of 3 year of experience in budget, cost control and payable
• Must be a Tanzanian
• Must be fluent in writing and speaking English language
• Ability to use Microsoft Excel and other accounting software packages such as Quick Books, Tally or ERP system
• Applicants should have a high level of discipline, communicative and interpersonal skills, analytical, innovative problem-solving skills and time-managing skills.

Responsibilities

• Assisting in formulating, analyzing, verifying and consolidating the draft of the budget proposals; in this respect conducting financial analysis and provides proposals to improve efficiency and reducing costs across the Company;
• Assisting in monitoring the approved budget on a continuous basis and participating in the preparation of relevant financial reports;
• Preparing budget forecast and ensuring its consistency with planned recruitment, procurement and operational decisions;
• Controlling funds availability and preparing detailed expenditure and budget statements with an appropriate financial analysis.
• Ensuring that all expenditures are recorded in line with financial rules and regulations of the Organization and approved budget structure is applied in a correct and consistent manner;
• Drafting correspondence and responding to queries on budget related issues as required, as well as preparing replies to internal and external audit observations relating to the area of responsibility;

PAYABLE TASKS

• Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
• Reconciling processed work by verifying entries and comparing system reports to balances
• Maintaining historical records
• Paying employees by verifying expense reports and preparing paychecks
• Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit
• Responding to vendor enquiries regarding finance
• Preparing analyses of accounts and producing monthly reports
• Continuing to improve the payment process

COST CONTROL TASKS

• To monitor operational budget in business activity in the company, based on the regular budget that has been approved.
• To review and monitor company financial routine expenditure based on the existing policy by making comparisons over the budget that has been created with the actual costs incurred to minimize the cost of variants.
• To manage company cost by monitor company budget that have been made with the financial condition of the company, so all cost can be register and give informative report.
• To evaluate all project cost that have been used, so company can ensure project effectiveness and activities in accordance with the objective of the company business.
• To facilitate the preparation of economic analysis of the financial model by doing and give relevant advice on fees to support company decision making.
• To monitor and review the agreement to each project conducted by any department to ensure agreement in accordance with prevailing policy in the department of finance & accounting.