financial controller

Job Title: Financial Controller

Location: Tanzania
Reports To: Group CFO / Managing Director

Key Responsibilities:

🔸 Financial Reporting & Accounting

• Oversee the preparation of accurate and timely financial statements, including P&L, balance sheet, and cash flow reports.
• Ensure proper maintenance of the general ledger, accounts payable, and accounts receivable.
• Lead month-end and year-end closing processes, ensuring compliance with IFRS and local accounting standards.
• Conduct regular financial analysis, variance analysis, and cost control measures to optimize profitability.

🔸 Banking & Treasury Management

• Manage all banking relationships, including corporate accounts, credit facilities, and forex transactions.
• Negotiate favorable terms for banking facilities, loans, and trade finance instruments (LCs, BGs).
• Monitor cash flow, working capital, and fund utilization to maintain optimal liquidity.
• Ensure timely reconciliation of bank accounts and transactions.

🔸 Tanzanian Compliance & Taxation

• Ensure compliance with Tanzanian tax laws, including VAT, corporate tax, PAYE, and WHT filings.
• Liaise with TRA (Tanzania Revenue Authority) for audits, assessments, and dispute resolution.
• Oversee compliance with statutory requirements for NSSF, WCF, and other regulatory bodies.
• Prepare and submit all required returns, including financial statements, to regulators and stakeholders.

🔸 Budgeting, Forecasting & Cost Control

• Develop annual budgets and long-term financial projections in coordination with senior management.
• Monitor budget adherence, identify variances, and recommend corrective actions.
• Implement cost-control strategies to improve operational efficiency.

🔸 Audit & Risk Management

• Coordinate with external and internal auditors, ensuring smooth audit processes.
• Implement robust internal controls to mitigate financial risks and ensure process integrity.
• Ensure proper documentation and record-keeping to support audit trails.

🔸 Leadership & Team Development

• Lead, mentor, and develop the finance and accounts team to achieve departmental goals.
• Ensure cross-functional collaboration between finance and other departments.

Key Requirements:

1. Education:

   • Bachelor's degree in Accounting, Finance, or Commerce. CPA, CMA, or ACCA qualification preferred.

2. Experience:

   • 10+ years of progressive finance experience, including 5+ years in a senior role like Financial Controller or Finance Manager.
   • Strong background in accounting, banking operations, and treasury management.
   • Experience in Tanzanian taxation, statutory compliance, and TRA-related matters.

3. Skills:

   • Proficient in ERP systems and advanced Excel skills.
   • Strong analytical, problem-solving, and decision-making abilities.
   • Excellent communication and stakeholder management skills.

Preferred Candidate:

• Experience working in Tanzania or other East African countries is highly desirable.
• Ability to work independently, handle pressure, and meet tight deadlines