Head-Finance

Job Description

Position Overview

The Head-Finance is responsible for financial reporting, tax management, compliance of the business and general administration.

Job Responsibilities

Financial Accounting and Reporting

Formulation and policing of company accounting processes

Institute financial accounting and reporting processes

Build and manage efficiencies in the reporting systems and procedures.

Manage and create procedures for all accounting IT systems.

Prepare annual budgets and report on the business performance in comparison to approved budget.

Full maintenance of asset register

Ensuring asset register is accurate at all times.

New assets recorded timeously.

Depreciating assets depreciated accordingly as per depreciating policy.

Management of external auditing and liaison with audit firms

Preparation of management accounts and quarterly financial board reports

Fully account for existing and future business income lines

Ensure expenses are fully accounted for to ensure no leakages in any VAT receivables and to truly reflect the status of the business from an expense point of view.

Ensure all customer invoice payments are received within specific company guidelines.

Ensure all supplier payments are processed with specific company guidelines.

Tax Management

Full Compliance and alignment with ZRA on any tax matters

VAT

Preparation and filing of VAT returns.

Processing claims for VAT and ensuring VAT claims are received within reasonable periods.

Processing VAT payments in accordance with ZRA guidelines

Ensuring internal accounting procedures adhere to the necessary VAT rules.

Custodian of VAT processes for any new products or new customers brought on board.

WHT

Ensure any WHT is fully accounted and paid on time.

WHT certificates from customers or parties withholding any tax are well received on time to avoid double payment of income tax.

Income Tax

Ensure provisional tax returns are filed and payments made on time.

Ensure annual income tax is remitted on time net of any provisional tax and WHT paid for the year in question.

Ensure correct accounting principles are applied to make sure the correct income taxes are paid.

PAYE

Ensure monthly PAYE returns are filed and paid on time.

Ensure all expense that should be subjected to PAYE are subjected to PAYE.

Compliance

Ensure all returns for all relevant regulatory bodies are filed on time.

Ensure anti money laundering and account opening processes are adhered to.

Maintain BOZ holding accounts and manage all compliance matters relevant to BOZ.

Serves as the company compliance officer both internal company policies and company legal mandates.

Other Duties

Liaison with Accounting advisory firms on all accounting matters

As well as above, any other duties given by management.

Accountability and Performance Measures

Delivery of management packs and financial statements

Compliance with BOZ, ZRA, NAPSA, ZICTA, PACRA, Labour Office and relevant city councils

Full Tax compliance at all times

Effectives and Efficiencies of implemented reporting and accounting processes

Organizational Alignment

Reports directly to the Managing Director.

Manages the finance team.

Qualifications

ACCA/CIMA or equivalent qualification

3 years post qualification in an established organisation

Must be a member of ZICA.

Experience preparing financial statements for a well-established organisation.

Experience working on tax matters in a well-established organisation.

Conversant with SAGE Evolution Accounting System

Good written and oral skills

Personality Qualities

Exemplifies good leadership with good people management skills.

GO getter.

Self-driven

Patient

Exudes Humility

Clean criminal and employment record

High Integrity morals