Job Description

Applications are invited from suitably qualified persons to fill the above-mentioned post. The incumbent will be reporting to the Finance DirectorThe position exists to ensure financial tracking and reporting systems are in place to effectively manage provided financial resources in a timely and accurate manner and ensure resources are utilized efficiently within the CMED and avoid any financial loses as well as provide timely and reliable financial information and analysis that leads to effective decision making.

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Duties and Responsibilities

2.1 Budgeting for Head Office
1. Participate and coordinate in the formulation and compilation of divisional and departmental budgets for the Head Office.
2. Provide through the various units all the financial information required for the budget.
3. Facilitate the corporate budget preparation, approval, and review process.
4. Review actual expenditure against corporate budget
5. Apply best practices in budget planning and review process
6. Continuously assess and provide reports on the financial and loss position of CMED
7. Fulfil all obligations with creditors and all suppliers

2.2 Financial internal controls and systems
1. Communicate to user departments on the requisite controls and systems to be adopted in the daily operations.
2. Track compliance or adherence to laid down internal controls and systems
3. Verify if accounting standards have been adhered to in the way that financial information has been captured, where there are discrepancies, conduct investigations for corrective action
4. Provide recommendations to the Finance Director on systems and procedures.
5. Recommend new controls as and when necessary

2.3 Cash Flow Management
1. Understand the financial requirements of the organization
2. Manage general ledger and cash management processes
3. Plan the cash flows so that the organization is able to meet its obligations
4. Monitor compliance with local regulatory and tax legislation
5. Gather information, researching companies, assessing financial information and reading financial briefings.

2.4 Compliance Management
1. Submit files and process payments for the various returns within the stipulated period
2. Assist in the preparation of corporate tax schedules for payroll purposes
3. Check and monitor that the entity has a valid tax clearance at any given moment
4. Submit bills of entries and ensure that they are cleared before they are due

2.5 Financial Reporting
1. Understand the reporting requirements of departments and processes
2. Review the prepared periodic financial reports
3. Analyze financial reports submitted by the Management Accountant and Head Office Accountant before submission to the Finance Director.
4. Comply best practice through meeting the reporting requirements of the organisation and international best practice.
5. Compile month end and year-end reports.

2.6 Supervision
1. Direct the activities of subordinates to ensure that they have fully executed their duties appropriately.
2. Ensure that the team timely and efficiently records all inventory transactions to reflect the physical balances to enable end user and internal planning.
3. Ensure that the departmental staff comply and adhere to set accounting standards that have been stipulated.

Qualifications and Experience

1. Degree in Accounting or equivalent
2. Professional qualification such as ACCA/CIMA/CISA
3. Masters in the related field will be an advantage
4. Member of professional board
5. 7 years of experience in the accounting field

How to Apply

Applications meeting the above stated requirements should submit a detailed Curriculum Vitae and certified copies of proof of qualifications, clearly headed “Finance Manager” to:

The Human Resource Officer – Head Office
CMED Private Limited
Private Bag 7719
HARARE

or e-mail address: [email protected]

Not later than 22 February 2024