Finance Head at Rainbow Colors PLC

Rainbow Colors PLC

Position: Finance Head

Job Time: Full-Time

Job Type: Permanent

Place of Work: ********** - Ethiopia

Posted date: 8 months ago

Deadline: Submition date is over

Job Description

• Under general supervision, plans, organizes, directs, coordinates and supervises activities of the department.
• Facilitate the preparation of the annual budget and control its actual utilization as per the action plan.
• Ensure that financial activities are carried out according to the financial policy laid out and the Ethiopian Government tax Proclamation.
• Facilitate internal audits and assist external auditors in their duties.
• Provide financial guidance and direction to all other units. Direct, control and supervise all accounting functions such as sales, accounts receivables, disbursement, cash control, and fixed asset management of the Rainbow Colors PLC
• Examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Ensure that all payments benefit of Rainbow Colors PLC
• and adhere to government tax proclamations.
• Make sure that tax declaration and list of payments are submitted to the Revenue and Customs Authority at the beginning of the next month.
• Ensure that payments for goods and services are made after deducting withholding tax as per proclamation. Nominate inventory counting committee to count supplies and fixed assets of the Organization every month.
• Ensure that all assets are counted and fixed assets are tagged with the appropriate identification code.
• Ensure that accounts are maintained on a computer-based system.
• Signs all financial documents as per the organization’s procedures and delegation.
• Predicting future financial trends
• Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information.
• Preparation of Cost and cost Analysis.
• Reporting to management and stakeholders, and providing advice on how the company and future business decisions might be impacted
• Producing financial reports related to budgets, account payables, account receivables, expenses etc.
• Developing long-term business plans based on these reports
• Developing strategies that work to minimize financial risk
• Prepare bank reconciliation and ensure that documents are filed on a monthly basis.
• Ensures proper usage and periodic maintenance of service vehicles, fuel, telephone, and all other fixed assets
• Makes sure that salaries, allowances and other benefits of employees are administered properly and paid timely.
• Periodically evaluates the performance of subordinates.
• Attends to employees’ queries and complaints.
• Makes regular reports to the Director General on income, expenditure and any variations from budgets.
• Prepares annual action plan and submits periodic reports on the performance of the department.
• Perform other duties as assigned.

Job Requirements

Education and Experience

• BA Degree in Accounting
• 7 years and above