Finance Manager at ASA Microfinance Zambia Ltd

  • Contract
  • Lusaka
  • 00 USD / Year
  • Salary: 00

ASA Microfinance Zambia Ltd

GENERAL RESPONSIBILITIES

­The main responsibilities are to:

  • ­Support the CFO regarding activities related to the management of financial and material resources.
  • ­Assist the CFO with the organization and follow-up of the bank account, back-office reports.
  • ­ Ensure that financial information and statistics required by the CFO are gathered.
  • ­ Implement and manage an efficient and operational system for document management.
  • ­ Manage and safeguard, financial and material resources for which he or she is responsible.
  • ­ Support the CFO in his or her duties.

SPECIFIC RESPONSIBILITIES

  • Coordinate the Month end closure procedures with all Branches and IT department as per month end Closure checklist.
  • Review the monthly ledger postings and ensure all the entries are posted on time.
  • Ensure the full set of Financial Statements (Monthly, Quarterly and Annually) are prepared by 7th of every month.
  • Review the reconciliations for all Inter Branch funds transfer accounts on a weekly basis.
  • Ensure that Airtel Platform cash collections and Disbursement Accounts is reconciled to AMBS Cash at Mobile Banking and avail the reconciliations to CFO on weekly basis.
  • Ensure that Processing Group Management fees bills and accounting for taxes accordingly.
  • Ensure that all balance sheet Accounts are reconciled, and a file compiled for review by CFO on the 5th of every month.
  • Review the monthly Bank Reconciliations statements from the Branches and submit to CFO by 5th of every month.
  • Conduct Training for Branch staff on Bank reconciliations and other financial reports as required.
  • Prepare annual Budgets – implement Budget and monitor budgetary allocation and control.
  • Review the monthly budget variance analysis and submit to CFO by 7th of every month.
  • Ensure Payroll and statutory returns are prepared and submitted on time.
  • Analyze revenue and expenditure trends and recommend appropriate budget level and ensure expenditure control monthly.
  • Ensure that the various accounts report to Group are prepared as per given deadlines.
  • Review the various reports to BOZ /other industry regulators and ensure timely submission.
  • Prepare the Board Packs, group report and liaison with group office.
  • Prepare Prudential and other reports required by Bank of Zambia.
  • Liaise with Banks.
  • Ensure that the accounting discrepancies are resolved before month end closure.
  • Supervise the input and handling of financial data and reports for the company’s automated systems.
  • Coordinate and facilitate the Internal Audit Process, External Audit, and other inspection by regulatory authorities.
  • Lead Accounts and finance functions, coach finance team and supervise team members.
  • Any other duties assigned by CFO.

QUALIFICATIONS

  • Degree in Accounting
  • Professional qualification in ZICA, CA, ACCA or equivalent is an added advantage
  • Membership with Zambia Institute for Chartered Accountants (ZICA)

EXPERIENCE & ADDITIONAL REQUIREMENTS

  • Minimum 5 years of relevant working experience
  • Experience with Microfinance will be an added advantage.
  • Highly analytical and pay attention to detail.
  • Excellent  communication skills both oral and written.
  • Excellent skills in MS Office
  • Commitment, highly motivated and ethical

Method Of Application

Interested candidates are invited to submit their resume with the relevant qualification(s) document and cover letter as a single document addressed to The HR & Administration Manager; e-mail: [email protected]  by closing date 6th October 2024.

Please include “Finance Manager Application” in the subject line.

“ASA Microfinance Zambia limited aims to attract and select a diverse workforce, ensuring equal opportunity to everyone, irrespective race, age, gender, class ethnicity, disability, location, and religion. Qualified women are particularly encouraged to apply”.

To apply for this job email your details to jobs@asazambia.co.zm