Finance Officer at Impala Terminals Tanzania

Key Responsibilities: Responsibilities include but are not limited to:

Working Capital Management

• Oversee customer invoicing process to ensure invoices are accurate and issued on timely basis
• Review all complex projects to ensure that they are correctly accounted for in system
• Co-ordinate weekly distribution of WIP reports, exposure reports and customer statements to ensure debtors accounts are recovered within credit terms
• Ensure that all intercompany recharges are performed timeously
• Prepare weekly vendor payment process with shared services team
• Prepare weekly cashflow report
• Vendor contract management, including the recovery of any vendor prepayments in line with prepayment agreements
• Vendor onboarding in line with Group compliance policies
• Oversee the local procurement proces

Financial Reporting & Budgeting

• Perform month end close process
• Detailed preparation and analysis of monthly & YTD volumes and margins for Various business units
• Detailed preparation and analysis of reporting packs submitted to local and regional management
• Detailed preparation of balance sheet reconciliations
• Preparation of budgets and forecasts using bottom-up approach

Treasury

• Manage petty cash
• Ensure that payroll account is funded on timeous basis
• Ensure intercompany loans are registered with the Bank of Tanzania (where required)

Statutory Audits, Compliance & Quality Control

• Liaise with external auditors on all audit matters
• Prepare Annual Financial Statements for local legal entity
• Assist Finance Manager & Regional Compliance Manager with all ISO audits and processes

Taxes & Other Statutory Payments

• Assist Finance Manager to review proposed transactions for tax compliance and to develop appropriate tax structures where necessary.
• Ensure that all purchase and sales transactions are treated correctly in terms of the VAT Act.
• Ensure that all monthly statutory returns and payments are processed and paid
• Ensure that all provisional corporate income tax returns are submitted
• Ensure that annual corporate income tax returned are prepared and submitted on time
• Work with tax advisors on any TRA tax audits

Inventory

• Co-ordinate and perform monthly inventory stock take
• Ensure that inventory is correctly valued and accounted for in financial statements

Ad Hoc tasks

• Preparation of other ad hoc reports and analysis as required.
• Financial modelling to evaluate potential projects.

Knowledge, Skills And Abilities

• Bachelor’s degree in accounting/finance, CPA qualification would be an added advantage
• Minimum three years’ experience in the related role
• Strong MS Excel skills essential
• Experience in logistics and/or freight forwarding beneficial
• Process orientated with a good attention to detail with ability to work in fast changing environment;
• Must be able to work under pressure and adhere to aggressive deadlines