Head of Finance at Novella Africa

Job Summary

• The Head of Finance will supervise all financial tasks of our company and ensure we use capital and resources beneficially.
• Head of Finance responsibilities include creating forecasting models, assessing risk in investments, and ensuring all accounting activities comply with regulations.
• To be successful in this role, you should have experience crafting financial strategies and managing accounting teams.
• Ultimately, you will maintain our company’s financial health and increase profitability in the long run.

Efficient Financial Processes and Systems:

• To establish an efficient and effective financial system in the organization and help to prepare all accounts & financial statements of the organization timely and review them periodically
• To implement the policy & procedures relating to financial management, accounting, and budget planning and improve the quality of the organizations' operations.
• To plan, direct and coordinate the implementation of effective accounting and financial administration policies, procedures, and reports to ensure meticulous compliance of the organization’s financial policy for sound financial management and control of the Church.
• To prepare, present and interpret financial reports to the management, Board of Directors, shareholders, and government authorities as well as to direct and supervise the preparation of all fiscal reporting, such as cost accounting, budgets, regulatory authorities, and government reports where applicable
• To review the institution’s financial conditions, and financial position and recommend viable alternatives for cost-effective operation
• To develop and expand the financial strategy of the Church management in order to develop and strengthen the financial capacity of the Church
• Communicate, coordinate and support the relevant processes to ensure all financial year-end and other administration requirements are met on a timely basis to ensure full legal compliance with financial requirements.

Planning / budgeting and controlling / monitoring:

• Assist with the development of business plans for the Church
• Present and deliver financial commitment outcomes to relevant stakeholders.
• Monitor budget and forecast changes at regular intervals.
• Preparation of regular cash flow forecasting and reporting as well as ensuring the maintenance of sufficient funds for Church operational purposes.

Compliance:

• Ensure timely and accurate submission of all relevant tax returns, including but not limited to Income Tax, VAT, and Employment Taxes.
• Liaise with Tax Advisory Firm on more complex tax matters.
• Ensures effective Tax management - Corporate Tax, Employee Tax, and VAT.

Risk Management:

• Maintain and administer internal control and compliance policy ensuring that all key risks are covered by appropriate rules and that line management have an effective system in place to identify, monitor, and measure risks management
• Maintain relations with external auditors and investigate their findings and recommendations.
• Design and review risk management – risk identification, quantification and mitigation
• To oversee asset liability management and fund management program for the Church.

Team Management:

• Supervise & review the performance of individuals in the Finance team
• Liaise with different departments heads to ensure the Finance department is properly supporting the relational operational needs of the Church.

Audit Control:

• Develop, implement, and maintain best internal audit policies and procedures in accordance with local and international best practice
• Oversee risk-based audits covering operational and financial processes.
• Ensure complete, accurate, and timely audit information is reported to Management
• Investigate account errors, mistakes, and suspicious transactions as well as reconcile accounts and constructively resolve them.

Others:

• Oversee the company’s transaction processing systems.
• Implement operational best practices.
• Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.

Requirements

• Candidates should possess a minimum of Bachelor's Degree in Accounting, Banking, Finance, or a related field. (MBA / Master's in Finance or CFA is an added advantage)
• Professional Certification (ICAN, ANAN, ACCA, etc) is a must.
• Minimum of 10 years practical experience relating to accounting, finance, and auditing activities of a major financial institution /reputed commercial Church with at least 5(five) years in an executive capacity /departmental head
• Strong Microsoft Office skills, especially Excel
• High-volume transaction experience in a SAGE or other accounting software
• Use of other Accounting Software
• A committed born-again Christian, with a personal and active relationship with God
• Ability to create new ideas, relationships, or systems including creative contributions.
• Ability to work under pressure and to deadlines as well as work without supervision and in a team environment.
• In-depth knowledge of financial regulations and accounting processes.
• Outstanding analytical and time management skills.
• Must possess strong attention to detail.
• Excellent written and verbal communication skills.