Finance Manager – Great Abyssinia PLC at Great Abyssinia Group

Position Overview / Scope of Role The Finance Manager is responsible for leading and managing the overall finance function of Great Abyssinia PLC, ensuring sound financial management, effective financial control, timely reporting, regulatory compliance, and proper utilization of company resources. The role provides reliable financial information and analysis to management, oversees budgeting and financial planning, manages cash flow and working capital, controls receivables, payables, inventory and expenditures, and supports the General Manager in making financially sound business decisions. The Finance Manager is also responsible for ensuring compliance with applicable tax, accounting, financial, and statutory requirements and for maintaining accurate, complete, and timely financial records and reports. Top Roles and Responsibilities Financial Management and Leadership Lead and manage the overall Finance function of Great Abyssinia PLC. Ensure accurate, timely, and effective execution of accounting and financial activities. Establish and maintain sound financial controls, procedures, and accountability mechanisms. Provide financial guidance and professional support to management and other departments. Ensure appropriate segregation of duties and effective financial governance. Financial Reporting and Analysis Prepare and review monthly, quarterly, and annual financial reports and management reports. Ensure accurate and timely preparation of financial statements and supporting schedules. Analyze financial performance, trends, variances, and key financial indicators. Provide management with clear financial analysis and recommendations for corrective action. Ensure financial information is complete, reliable, and available for management decision-making. Budgeting and Financial Planning Coordinate the preparation of the company’s annual budget and financial plans. Monitor actual performance against approved budgets and provide variance analysis. Identify significant financial deviations and recommend appropriate corrective measures. Support management in financial forecasting and business planning. Monitor budget utilization and ensure expenditures remain within approved limits. Cash Flow and Treasury Management Prepare and monitor cash-flow forecasts to ensure adequate liquidity. Monitor cash balances, bank accounts, payments, and financial commitments. Ensure effective utilization and control of company cash resources. Coordinate banking activities and maintain effective relationships with banks and financial institutions. Monitor short-term funding requirements and provide timely recommendations to management. Receivables, Payables and Working Capital Monitor customer receivables and ensure effective collection and follow-up mechanisms. Review aging reports and coordinate actions to reduce overdue receivables. Ensure proper control and timely settlement of supplier and other company payables. Monitor working capital and identify opportunities to improve cash conversion. Coordinate with Sales, Procurement, Stores, and other departments to strengthen working-capital management. Cost and Expenditure Control Review expenditures and ensure compliance with approved budgets and authorization requirements. Monitor operating costs and identify opportunities for cost reduction and efficiency improvement. Review major purchases, commitments, and expenditures from a financial-control perspective. Ensure appropriate supporting documentation for all financial transactions. Promote financial discipline, accountability, and cost consciousness throughout the company. Tax and Statutory Compliance Ensure timely and accurate preparation and submission of tax and statutory financial obligations. Monitor compliance with applicable tax laws, accounting requirements, and regulatory obligations. Coordinate tax assessments, audits, and related matters with relevant authorities and professional advisers where required. Ensure proper maintenance of tax records and supporting documentation. Keep management informed of material tax and compliance risks. Internal Control and Risk Management Develop, implement, and continuously improve financial control mechanisms. Identify financial and operational control weaknesses and recommend corrective actions. Monitor compliance with company financial policies, procedures, and delegated authorities. Safeguard company assets and ensure proper control over cash, inventory, receivables, and other financial resources. Support internal and external audit processes and ensure timely follow-up of audit findings. Inventory and Financial Control Ensure proper financial control over inventory and stock-related transactions. Coordinate with Stores and Operations on stock reconciliations, valuation, and identified variances. Monitor inventory-related financial risks, losses, and unusual movements. Ensure appropriate reconciliation between accounting records and operational records. Management Support and Business Decision-Making Provide financial analysis and advice to the General Manager and management team. Assess the financial implications of major expenditures, contracts, investments, and business initiatives. Support pricing, profitability, cost, and commercial decisions through relevant financial analysis. Provide financial information required for strategic and operational decision-making. Highlight significant financial risks, opportunities, and performance gaps to management. Audit, Systems and Process Improvement Coordinate internal and external audit activities and ensure timely responses to audit requirements. Ensure proper maintenance, accuracy, and security of accounting and financial records. Strengthen financial systems, reporting tools, and accounting processes. Promote appropriate use of accounting software and financial management systems. Continuously improve finance processes, reporting quality, efficiency, and internal controls. Team Leadership and Development Lead, supervise, and develop the Finance team. Set clear responsibilities, performance expectations, and work priorities for finance staff. Review team performance and provide coaching and professional development support. Promote accuracy, integrity, accountability, confidentiality, and professional discipline within the Finance function. Coordination and Reporting Work closely with the General Manager, Corporate Finance, Sales, Procurement, Stores, HR, Operations, and other relevant functions. Submit required financial and management reports within established timelines. Escalate significant financial risks, control weaknesses, cash-flow challenges, and material variances to management. Ensure compliance with applicable Group financial policies, standards, reporting requirements, and delegated authorities. Perform other related duties as directed by the immediate supervisor. About You Educational Qualification Bachelor’s or Master’s Degree in Accounting, Finance, Business Administration, Economics, or a related field. ACCA, CPA, CMA, or equivalent professional certification is highly desirable. Experience Minimum 10 years of progressively responsible experience in accounting and finance, including at least 5 years in a Finance Manager, Senior Accountant, or equivalent supervisory/management position. Strong experience in financial reporting, budgeting, cash-flow management, taxation, financial control, receivables, payables, and audit coordination. Practical experience in managing a finance team and supporting management-level decision-making. Experience in manufacturing, trading, FMCG, distribution, or other commercially driven businesses is highly desirable. Critical Criteria / Skills to Be Successful in This Role Strong financial management and accounting knowledge. Excellent financial analysis and reporting capability. Strong understanding of budgeting, cash flow, and working-capital management. Strong tax and statutory compliance knowledge. Strong internal-control and risk-management capability. Strong Excel, accounting software, and financial reporting skills. Analytical thinking and strong attention to detail. Strong leadership, communication, and coordination skills. Ability to work under pressure and meet reporting deadlines. High level of integrity, confidentiality, accountability, and professional ethics. Strong business understanding and ability to translate financial information into practical management recommendations.