Job Description
IN YOUR ROLE AS FINANCIAL REPORTING MANAGER, YOU WILL BE REQUIRED TO:
- Develops and implements policies and plans for the financial accounting section in line with the strategic objectives of the Company.
- Optimises the effectiveness of the section through setting budgets, analysing variances and implementing action for cost saving.
- Ensures that reports such as cash flow forecasts, financial reporting packs and presentations for Board meetings and management committees are prepared on time and contains accurate and relevant information.
- Formulates tax strategies for the company and presents to the Chief Financial Officer for approval.
- Compiles the Companys income tax returns and calculates provisional tax payments according to the guidelines as laid down in the tax legislation.
- Monitors the compilation of statutory returns and checking that they comply with taxation and ancillary laws in the countries in which the company operates.
- Formulates the accounting policies of the company in accordance with International Financial Reporting Standards (IFRS) and presents to the Chief Financial Officer for approval.
- Ensures that all financial reports are prepared in accordance with IFRS.
- Ensures that all accountants are familiar with the requirements of IFRS and assists them with formulating adequate procedures and controls to ensure that all financial transactions are recorded in accordance with these standards.
- Ensures that adequate processes and controls are in place for an effective treasury and cash management function.
- Ensures that cost effective and appropriate funding is sourced for capital projects or other funding requirements.
- Ensures that loan covenants and other terms and conditions of loans are complied with.
- Oversees the preparation and maintenance of the fixed asset register, including the physical asset verification of assets and ensures that assets are capitalised timely and at the appropriate values.
- Liaise with the operations unit to ensure that adequate useful lives, depreciation methods and residual values are determined for all assets and ensures that adequate controls exist to govern the fixed asset cycle.
- Oversees duties performed by the Financial Accountant by reviewing the following:
- Reconciliations prepared by the financial accountant.
- Reports and financial statements prepared by the financial accountant.
- Forecasts and budgets prepared by the financial accountant.
- Ensures Value Added Tax, Income Tax and Customs and Excise Duties are calculated, recorded and administered correctly.
- Oversees the duties performed by the Payroll Accountant by reviewing the following:
- Reconciliations prepared by the payroll accountant.
- Payroll Audit trails and reports of changes made to the payroll.
- Payroll exception reports and authorising payroll for payment.
- Ensures compliance of payroll with all statutory requirements and adherence to Service Level Agreement by both parties.
Qualifications
DO YOU MEET THE FOLLOWING EDUCATION AND EXPERIENCE REQUIREMENTS?
- Honours Degree in Accounting/Finance
- Chartered Accountant (CA) will be an added advantage
- Eight (8) years experience in Accounting of which at least 3 years should have been on management level
- Knowledge of Namibian Tax Legislation and IFRS
- Knowledge of SAP operating system will be an added advantage
Additional Information
Preference will be given to Namibian citizens and designated persons as prescribed by the Namibian Affirmative Action Act.
WOMEN AND PEOPLE WITH DISABILITIES ARE ENCOURAGE TO APPLY
Please submit a comprehensive CV with proof of qualifications and experience by following the application and registration process via the Company website: www.debmarinenamibia.com
Only shortlisted candidates will be contacted and shall be subjected to further assessment and screening.
CLOSING DATE: 22 DECEMBER 2023