Finance Manager

  • Contract
  • Lusaka, Zambia
  • Applications have closed
  • Salary: 1

Website MIKA GROUP OF COMPANIES

Mika Hotels is one of the fastest growing Indigenous companies.

MIKA GROUP OF HOTELS

JOB DESCRIPTION
Job Title : Finance Manager
Place of Work : Mika Group of Hotels
Responsible to : Chief Operations Officer

Scope and General Purpose:

To direct and coordinate financial activities of the Group. Finance Manager should manage funds in such a manner as to maximize return on investment while minimizing risk and while also ensuring that an adequate control structure is in place over the transfer and investment of funds. Further, FM engages in financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance.

Responsibilities and Duties

Management:

1. Maintain a documented system of accounting policies and procedures
2. Develop and analyze information to assess the current and future financial status of firms.
3. Establish procedures for custody and control of assets, records, loan collateral, and securities, in order to ensure safekeeping.
4. Evaluate data pertaining to costs in order to plan budgets.
5. Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
6. Network within communities to find and attract new business.
7. Oversee the flow of cash and financial instruments.
8. Plan, direct, and coordinate the activities of workers in the department.
9. Prepare financial and regulatory reports required by laws, regulations, and boards of directors.
10. Prepare operational and risk reports for management analysis.
11. Communicate with stockholders and other investors to provide information, and to raise capital.
12. Analyze and classify risks and investments to determine their potential impacts on companies.
13. Direct insurance negotiations, select insurance brokers and carriers, and place insurance.
14. Establish and maintain relationships with individual and business customers, and provide assistance with problems these customers may encounter.
15. Examine, evaluate, and process loan applications.
16. Participate in recruitment of accounts staff members, and oversee training programs.
17. Review reports of securities transactions and price lists in order to analyze market conditions.

Funds Management:

1. Forecast cash flows positions, related borrowing needs, and available funds for investment
2. Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
3. Assist in determining the company’s capital structure.
4. Review collection reports to determine the status of collections and the amounts of outstanding balances.

Budgeting:

1. Manage the preparation of the company’s budget.
2. Report to management on variances from the established budget, and the reasons for those variances.
3. Assist management in the formulation of its overall strategic direction/

Financial Analysis:

1. Engage in ongoing cost reduction analysis in all areas of the company
2. Interpret company’s financial results to management and recommend improvement activities
3. Review company bottlenecks and recommend changes to improve the overall level of company throughput.
4. Participate in target coating activities to create products that meet predetermine price goals
5. Assist in the determination of product pricing in relation to features offered and competitor pricing.

Job Activities

1) Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.

2) Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

3) Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

4) Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.

5) Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.

6) Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

7) Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.

8) Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.

9) Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.

10) Monitoring and Controlling Resources — Monitoring and controlling resources and overseeing the spending of money.

11) Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.

12) Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.

13) Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

14) Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.

15) Communicating with Persons outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.

16) Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.

17) Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.

18) Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.

19) Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

20) Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.

21) Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.

22) Interacting with Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

23) Thinking creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

24) Training and Teaching Subordinates — Identifying the educational needs of subordinates, developing formal educational or training programs or classes, and teaching or instructing others. Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.

Internal key liaisons:

  • Chief Executive Officer
  • Chief Operations Officer
  • Internal Auditor
  • Unit General Managers
  • Department Heads

External key liaisons:

  • Local and public authorities
  • Utility providers
  • ZRA
  • NAPSA
  • Workers Compensation
  • National Health Insurance Authority
  • PACRA
  • ETC.

DECLARATION: I have read and understood my job description which has also been explained to me.

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