Finance Manager

Company Overview

Hesu Investment Ltd is licensed under Tanzania Revenue Authority to operate ICD facility since 2012. Its well-located depot site includes 9 acres of paved yard; with the capacity to store 3800 Twenty Foot equivalent units (TEUS) stacked 5 high. Our Vision is to establish ourselves as the leading Container and Transport Logistics provider, our Mission is to exceed our client’s needs by consistently improving our quality services. Our team is comprised of talented individuals who are driven to achieve excellence in ICD, CFS Industry.

Job Summary

The Financial Management Crew plays a crucial role in our company, responsible for managing financial planning, budgeting, forecasting, and accounting activities to ensure the financial health and compliance of the organization. The Finance Manager in particular will be responsible for ensuring that all financial operations are conducted smoothly, efficiently, and in compliance with regulatory requirements. This role involves managing a team of acThis is Full-time Job,  counts payable, accounts receivable, billing team, financial controller while ensuring payment are done on time and with high level of standards.

Key Responsibilities

Financial Planning and Analysis

• Developing and executing financial strategies and plans in alignment with the company’s objectives
• Conduct financial analysis, budgeting, and forecasting to support business decisions.

Budget Management

• Managing financial reporting, budgeting, forecasting, and analysis to ensure accurate and timely financial information.
• Track budget variances and implement corrective actions as needed.
• Ensure compliance with statutory payments and adherence to financial regulations.

Accounting and Financial Reporting

• Oversee day-to-day, weekly, monthly and yearly accounting operations, including accounts payable, accounts receivable and general ledger.
• Prepare accurate and timely financial statements and reports.
• Ensure compliance with local and international accounting standards.

Cash Flow Management

• Manage cash flow and working capital to meet operational needs.
• Supervision of billing processes, review of general ledgers, and timely preparation of accurate financial reports.
• Oversight and management of financial operations, including accounts receivable, accounts payable, cash flow, and reconciliation.

Audit and Compliance

• Coordinate with external auditors for annual audits.
• Ensure compliance with local tax regulations and other statutory requirements. – Implement and maintain effective internal controls.

Financial Risk Management

• Overseeing cash flow management, and financial risk assessment.
• Monitor market trends and economic indicators to anticipate potential risks.
• Establishing relevant controls with procedure
• Advising on cost cutting measures and increase compliance and profit.

Team Leadership

• Lead and mentor the finance team, providing guidance and fostering a collaborative work environment.
• Foster a collaborative and high-performance work environment.
• Ensure adequate training for staff and ensure job description are clearly defined and well allocated.
• Collaborating with other departments to support financial aspects of strategic initiatives and business development.

Cost Control and Efficiency in Operations

• Monitor logistics-related costs, including transportation, fuel, and warehousing expenses.
• Implement cost-saving measures related to supply chain operations, ensuring profitability and efficiency.
• Analyze and control operational costs unique to the logistics sector, such as vehicle maintenance and route optimization.

Fleet and Asset Management Accounting

• Manage the financial aspects of fleet operations, including vehicle leasing, depreciation, maintenance, and insurance costs.
• Ensure accurate asset accounting and timely reporting on fleet-related expenses and investments.

Vendor and Supplier Management

• Oversee financial agreements and negotiations with key suppliers and logistics service providers.
• Manage the timely and accurate payment of vendors, ensuring good relationships while optimizing cash flow.

Technology and Systems Implementation

• Manage the financial aspects of implementing and maintaining logistics and fleet management systems, ensuring they align with overall company objectives and provide accurate data for financial reporting.

Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field. MBA or professional certification (e.g., CPA, CMA) is a plus.
• Proven experience 5+ in transport and financial management, preferably in ICD, CFS setting.
• Strong knowledge of financial regulations, accounting principles, and budgeting processes.
• Excellent analytical, communication, and leadership skills.
• Proficiency in financial software and Microsoft Office Suite

How to Apply

Interested candidates are encouraged to submit a resume and cover letter outlining their qualifications and interest in the position to recruitment@hesu.co.tz Application Deadline: 18th October 2024.

Equal Opportunity Employer

Hesu Investment Limited is an equal opportunity employer and prohibits discrimination and harassment of any kind. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.