Finance Manager

Overview of role

To plan, organise and coordinate the Company’s financial management and reporting functions to ensure the financial integrity of the Company through accurate and timely financial records.

To provide leadership in the management of and reporting on financial resources and general administration. 

Job description

• Develops, implements and continually reviews effective financial management and internal control systems aimed at improving financial reporting and operational efficiency and effectiveness.
• Prepares the Company’s budgets and budgetary control through monitoring and tracking the utilization of capital and operational expenditures against approved budgets.
• Takes responsibility for all funds, securities and physical properties and assets
• Supervises and is responsible for the collection, accounting and disbursement of all Company funds
• Establishes and implements stringent expenditure control procedures to ensure proper authorization of payments is followed, expenditures incurred are supported by payment vouchers and other valid accounting documents.
• Ensures that departmental and other budgetary allocations are not exceeded without justifiable cause and necessary approvals.
• Implements appropriate product and revenue accounting in all business units.
• Oversees the timely preparation of the Company payroll and relevant disbursements and accounting
• Liaises with external auditors on the implementation of audit recommendations to ensure required compliance in a timely manner
• Maintains the Company’s Asset Register and relevant accounting records
• Maintains the Company’s accounting systems; leads the planning and implementation of system reviews and changes
• Ensures compliance with relevant laws, regulations and the internationally accepted accounting principles and procedures e.g. GAAP
• Recommends the review of financial accounting policies, systems and procedures for Board approval
• Ensures the successful implementation of all financial and administrative information systems
• Identifies and evaluates organization risk factors in financial activities and devises appropriate strategies and methods to mitigate potential risks
• Ensures disaster recovery and risk management aspects are implemented effectively
• Presents accurate and timely financial statements and management reports, interpretation of the financial information, reports and statements and accounting records.
• Ensures tax compliance.
• Provides leadership and professional development to accounting staff

Requirements, Education and Experience

Education:

BCom or Degree in Business, Finance or Accounting

Professional/Technical:
Professional qualification such as ACA, CIMA, ACCA or recognized equivalent
Membership to relevant professional accounting body.

Experience:
Minimum of 5 years experience gained in a large finance department of an organization directly related to the petroleum industry, 3 (three) years of which must be in senior management level.
Experience in financial planning management and reporting, fiscal management, capital development projects, risk management and leadership

Competencies:
Thorough understanding of financial management in a complex environment and excellent business focus
Broad knowledge of finance, economics and corporate governance
General knowledge of the petroleum industry issues and trends at national, regional and international levels
Willingness to take on the challenge of a new company and to manage effectively through its developmental phases, with clear understanding of accounting issues within the energy industry
In-depth knowledge of international accounting standards and budgeting principles and practices, financial strategic planning, budget administration, financial modelling and forecasting.
Knowledge of principles, procedures and practices of government accounting and budgeting.
Ability to develop and prepare relevant financial reports.
Ability to resolve problems in a timely manner, gather and analyse information skilfully and develop alternative solutions.
Ability to maintain professionalism and high integrity and keep abreast of evolving trends in accounting and finance.
Strong communication and presentation skills.
Proficiency in computer applications.

Company profile

This is a unique chance to join a new operation where passion, purpose and performance will be the order of the day. Botswana Oil Limited is a newly established government owned company which will lead the development and management of state-owned strategic reserve facilities ensuring security of supplies and enable the empowerment of an indigenous Botswana petroleum business. At the start up stage there are a number of opportunities available at executive and senior management level. These positions hold the keys to the success of shaping the development of the organisation as it progresses its strategic plans. With a business culture characterized by team work, continuous improvement and commercial focus they are seeking top class professionals who have an appreciation for excellence and commitment to results.

Location

Gaborone, Botswana

Contact person

Melissa (HRMC)

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