HEAD OF FINANCE – REPORTING

HEAD OF FINANCE – REPORTING

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The Industrial Development Corporation (IDC) Limited is a State-Owned Enterprise (SOE) charged with the mandate to spearhead the Zambian Government’s commercial investments agenda aimed at strengthening Zambia’s industrial base and job creation. A need has arisen to fill the position of:

 

HEAD OF FINANCE-REPORTING

This position reports to the Chief Finance Officer. It proactively takes the lead in the coordination of the IDC Group’s consolidated financial reporting. This role is tasked to drive efficiencies, timely reporting, provide technical accounting advice and coordinate all IDC Group reporting. The role works very closely with all IDC subsidiary, associate and joint venture finance teams.

The position also directs and oversees the preparation and distribution of all periodic financial statements, for external use.  The role takes a lead in ensuring that the group complies with statutory and regulatory financial reporting compliance.

 

Minimum Requirements

  • Grade 12 Certificate.
  • Bachelor’s degree Finance, Accounting and/or equivalent Professional Qualification ACCA, CIMA, CA Zambia, or any other relevant field from a reputable university
  • Professional Membership with the Zambia Institute of Chartered Accountant (ZICA).
  • Master’s degree in accounting, Finance, Business Administration, and/or equivalent Professional Qualification in relevant field from reputable institution is an added advantage.
  • Seven (7) years relevant work experience in senior finance role or similar position.

 

Application Procedure

IDC is an Equal Employment Opportunity Employer

 

 

JOB DESCRIPTION

1. IDENTIFICATION SECTION
JOB TITLE Head – Finance Reporting
JOB GRADE            IDC3
DIVISION Finance
DEPARTMENT                               Reporting
REPORTS TO Chief Finance Officer
DIRECT REPORT(S) Senior Finance Officer – Reporting

 

2. JOB PURPOSE

To proactively take the lead in the coordinating and review of the department’s regular output and to manage the underlying Financial Reporting team. Drive efficiencies within the department and actively participate in any projects to develop the finance function as a whole and provide support to Chief Finance Officer. Provide finance generally with technical accounting advice and coordinate and run a tight control environment of the IDC Group books and records.

To direct and oversee the preparation and distribution of all periodic financial statements, for external use.  Ensures that reports, filings, and documentation comply with IDC Regulations, Professional Standards, Security Exchanges Commission (SEC) and Zambia Revenue Authority (ZRA) reporting guidelines.

The position is a member of the Management Executive Committee.

 

3. KEY RESULT AREAS AND PRINCIPAL ACCOUNTABILITIES
 

KEY RESULT AREAS

  

PRINCIPAL ACCOUNTABILITIES (MAIN DUTIES)
Enhanced subsidiary oversight and support
  • Oversees and coordinates the production of the IDC Group Consolidated financial statements, period Group Management accounts.
  • Provides financial reporting support and reviews subsidiary reporting in line with the group requirements.
Departmental Planning and Budgeting
  • Provides input to the Chief Financial Officer into the departmental workplan and budget.
  • Minimises operational costs by ensuring that divisional expenditure remains within budget approval and savings made from budget.
Increased efficiency
  • Provides technical support to group companies to enhance financial reporting
  • Provides support explanation for major variances.
  • Prepares quarterly consolidated financial reports for inclusion in Board Committee packs
  • Coordinates the planning and preparation of all relevant working papers for external audit purposes.
  • Performance of group financial analyses and forecasts required to support Treasury functions
  • Issues regular group reporting instructions to ensure entities understand group reporting requirements.
  • Ensures operational efficiency through retention of right talent and automation of business processes.
  • Ensures a sound control environment to support the production of accurate financial reports.
Enhanced Entity Risk Management ·       Ensure improved enterprise risk management
People Management and Leadership
  • Mentors, coaches, and provides on job-training to the direct reports and others as may be required from time to time.
  • Periodically submits required reports relating to mentorship and training/coaching programmes to the department in charge of Human Capital.
  • Ensures staff development and retention strategies are developed and implemented.
  • Ensures provision of technical capacity and support in internal functions and other staff to achieve premium management service.
  • Ensures enhanced employee engagement and performance.
  • Ensure provision and promotion of sound leadership practices i.e., Inspirational Leadership.
  • Ensures to implement enhanced Performance.
  • Management System and Reward Systems.
Health and Safety
  • Takes reasonable care for own health, and safety as well as that of other employees, clients, and others as may be required from time to time.
Furtherance of Company’s Interests
  • Exercise the powers and duties generally exercised by Head of Finance Reporting in the furtherance of the interests of the company as may be authorised and or delegated by the Supervisor.
Meetings
  • Attend stakeholder meetings and respond to matters arising.
  • Prepare key departmental presentations, talking points and any other information required.

 
Any other Duties ·       Perform any other job-related duties as assigned.

 

4. ESSENTIAL/DESIRABLE QUALIFICATIONS/EXPERIENCE
  • Professional Qualification:
    • Grade 12 School Certificate
    • Bachelor’s degree Finance, Accounting and/or equivalent Professional Qualification ACCA, CIMA, CA Zambia, or any other relevant field from a reputable university
    • Professional Membership with the Zambia Institute of Chartered Accountant (ZICA).
    • Master’s degree in accounting, Finance, Business Administration, and/or equivalent Professional Qualification in relevant field from reputable institution is an added advantage.
    • Investments Advisor Licence – Security Exchange Commission (SEC) is an added advantage.
  • Minimum Relevant Work Experience:
    • 7 years relevant work experience in management or similar position
  • Skill Specifications:
    • Leadership skills
    • Excellent problem solving and presentation skills.
    • Ability to translate and communicate complex topics in a variety of forums, tailoring communications to effectively fit and influence the targeted audience, strong executive presence, presentation, and communication skills.
    • Ability to work collaboratively with key internal and external leaders, partners, suppliers, and customers.
    • Report writing and presentation skills.
    • Data management and record keeping.
    • Strong communication, negotiation skills and tact.
    • Good interpersonal skills.
    • Inspirational leadership skills
    • Proficient in using computers
  • Other Attributes
    • Professionalism
    • Transparency
    • Integrity
    • Distinction
    • Innovation
    • Teamwork
5. WORKING CONDITIONS
  • Office work environment.
  • Use of computers and other office equipment.
  • Concentration and analysis.
  • Managing tight deadlines.
  • Normal environmental conditions
  • Occasional local and international travel.

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