Finance Director
Telecel Zimbabwe (Pvt) Ltd
Total years of experience :15 years, 9 Months
FORMULATION OF ANNUAL BUDGETS AND TARGETS
•Leading and managing the budgeting process
•Report on variances from the approved budgets and the reasons for those variances
•Assist in the formulation of the company’s strategic direction
•Manage the capital budgeting process based on limiting factor analysis and discounted cash flow analysis
FINANCIAL REPORTING
•Prepare all monthly, quarterly and annual financial operating reports and provide comprehensive analysis
•Interpret the company’s financial results to management and recommend improvement activities
•Ensure that all accounting and reporting is accurate and in accordance with International Financial Reporting Standards
•Ensure that appropriate financial controls are in place and in compliance with all statutory regulations
•Co-ordinates external audits
OVERALL CASH AND TREASURY MANAGEMENT
•Forecast cash flow positions, related borrowing needs and available funds for investment
•Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
•Use hedging to mitigate the various risks to which the company’s funds are exposed to
•Determine the company’s proper capital structure
•Arrange for equity and debt financing
•Determine the appropriate dividend payments
Maintain Banking Relationships
COST CONTROL
•Ensure cost optimization throughout the company
•Engage in ongoing cost reduction analyses in all areas of the company
Implement policies and procures that support a sound cost structure
FORMULATING COMPANY FINANCIAL POLICIES & STRATEGIES
•Ensure that an appropriate financial policy framework is in place
•Develop and implement measures to improve financial control, reporting and accounting systems
•Provide leadership to the company’s finance and accounting strategy to optimize the company’s financial performance and strategic position
•Develop and oversee accounting policies and procedures to meet current and future business models
•Reviewing and improving company’s existing financial systems ensuring that they are robust, compliant and support current activities and future growth
RISK AND COMPLIANCE
•Develop the annual risk and compliance plan.
•Develop and maintain risk and compliance policies necessary to prevent illegal, unethical and improper conduct.
•Establish a consistent operating framework for identification, management, monitoring and reporting of compliance risk.
•Develop an appropriate and effective compliance training programme and strategy (including AML and CFT).
•Investigating and reporting of suspicious transactions to both Mobile financial Service management and Reserve Bank of Zimbabwe.
•Ensure relevant TeleCash, daily, weekly and monthly compliance reports are done and submitted to Reserve Bank of Zimbabwe
•Discussing emerging risk and compliance issues with management.
•Developing and implementing risk focused anti money laundering (combating financial terrorism) risk management, customer due diligence (CDD) and Know your customer programs.
•Perform MFS investigations on fraudulent transactions.
•Assess new products for compliance with standard procedures already in place.
Perform due diligence on International Money transfer agencies before their acceptance onto TeleCash platform.
Production of monthly reports
Costing of projects and business analysis
Ensure cost optimization throughout the company
Ensure that all accounting and reporting is accurate and in accordance with International Reporting Standards
Annual budget and forecast preparation
Cashflow projections
Handling of external audits
Managing Internal Audit Assignments on and offsite from planning stage to the release of the final report.
•To identify, assess level of risk exposure and mitigating factors.
•Conduct pre - audit and post audit interviews with auditee management.
•Identifying high risk areas in the Group providing solutions for correcting unsatisfactory conditions and improving operations in order to prevent or mitigate risks or losses.
•Performs background investigations as necessary, interviews appropriate personnel, determines data requirements, accumulates, verifies and analyses available data, observes actual practices and evaluates functional operating techniques.
•Coordinates and leads Audit Fieldwork on majority of audit assignments.
•Perform special reviews, including audits of sensitive nature and provide solutions.
•Providing consultancy services to operating Units and Departments in line with best practices in the industry.
•Provides on job training, counseling, and corrective action to audit staff through disciplinary procedure where necessary.
•Carrying out performance appraisals for Internal Audit staff
•Make submissions to the Principal Auditor /
The course modules included the following -Business and its Environment -Strategic Management 1 and 2 -Business ethnics -Accounting for managers -Management and organisational behaviour -Statistics for managers -Managerial economics -Industrial and labour relations -Tax planning -Management of information systems -Money and capital markets -Marketing management -Organisational leadership
Cost & Management Accounting 2 Taxation Financial Accounting 3 Research methods Auditing Financial Management
Management Financial Accounting 1 Principles of Marketing Cost and Management Accounting Taxation Principles of Economics Commercial law Management Information Systems Quantitative Techniques Company law Auditing Financial Accounting II