Finance Manager

About the Company Iron Shark Manufacturing PLC operates in the newly opened paint manufacturing industry. The company is seeking a qualified and results-oriented Finance Manager to strengthen its financial management systems, ensure accurate financial reporting, control costs, and support sustainable business growth. Job Purpose The Finance Manager will oversee the company’s financial operations, including accounting, budgeting, cash flow management, financial reporting, tax compliance, and cost control. The role will ensure the availability of accurate and timely financial information to support management decisions, improve profitability, and maintain effective financial controls across the business. The successful candidate should have strong financial analysis skills and an understanding of manufacturing costs, inventory valuation, and production-related financial management. Key Responsibilities Financial Management and Reporting Oversee daily accounting operations and ensure accurate recording of all financial transactions. Prepare monthly, quarterly, and annual financial statements and management reports. Ensure proper maintenance of the general ledger, accounts payable, accounts receivable, and other financial records. Monitor financial performance and provide management with insights into revenue, expenses, profitability, and financial risks. Ensure timely preparation and submission of required financial reports. B. Budgeting and Financial Planning Develop annual budgets in collaboration with the General Manager and department heads. Monitor actual performance against approved budgets and investigate significant variances. Prepare cash flow forecasts and financial plans to support operational needs. Advise management on financial risks, investment decisions, and resource allocation. Recommend measures to improve financial efficiency and business profitability. C. Cost Accounting and Manufacturing Finance Monitor production costs, including raw materials, labor, factory overhead, and other manufacturing expenses. Establish and maintain appropriate product costing and inventory valuation systems. Analyze product profitability, production variances, waste, and cost drivers. Work closely with production and procurement teams to improve cost control and resource utilization. Support pricing decisions by providing accurate cost and profitability analysis. D. Cash Flow and Working Capital Management Monitor daily cash balances, cash flow, and short-term financial obligations. Manage accounts receivable, accounts payable, and working capital. Establish effective controls over cash receipts, payments, and bank transactions. Monitor customer credit and outstanding balances and support timely collection of receivables. Plan cash requirements to ensure the availability of funds for raw materials, salaries, production, and other operational expenses. E. Tax Compliance and Statutory Reporting Ensure compliance with applicable Ethiopian tax laws, accounting requirements, and financial regulations. Oversee the timely preparation and filing of tax returns and payment of applicable taxes. Maintain accurate supporting documents for tax declarations and statutory reporting. Coordinate internal and external audits and ensure timely resolution of audit findings. Maintain proper financial records and documentation in accordance with applicable requirements. F. Internal Controls and Financial Risk Management Establish and maintain effective financial policies, procedures, and internal controls. Ensure appropriate authorization and documentation for purchases, payments, and other financial transactions. Identify and minimize risks related to fraud, errors, financial mismanagement, and unauthorized expenditure. Review procurement expenses, inventory movements, and financial transactions to ensure accountability. Support management in strengthening financial governance and transparency. G. Inventory and Procurement Financial Control Work with procurement, warehouse, and production teams to monitor raw materials, packaging materials, work-in-progress, and finished goods. Ensure accurate inventory records and appropriate inventory valuation. Participate in stock reconciliations and investigate discrepancies. Monitor inventory levels and identify risks related to excess stock, shortages, damage, or slow-moving items. Ensure purchases are aligned with approved budgets and documented procurement procedures. H. Team Leadership and Management Support Supervise and develop finance and accounting staff. Establish clear responsibilities, work plans, and performance targets for the finance team. Provide financial guidance to the General Manager and other department heads. Recommend improvements to accounting systems, financial reporting, and digital financial processes. Present financial results and recommendations to management in a clear and practical manner. About You Bachelor’s degree in Accounting, Finance, Accounting and Finance, or a related field. A master’s degree or professional qualification such as ACCA, CPA, or an equivalent qualification is an advantage. At least 7 years of relevant experience in finance and accounting, including experience in a supervisory or management role. Experience in manufacturing, industrial, or production-oriented companies is strongly preferred. Good knowledge of Ethiopian tax laws, financial regulations, and statutory reporting requirements. Practical experience in budgeting, financial reporting, cash flow management, cost accounting, and internal controls. Experience with accounting software or ERP systems and advanced Microsoft Excel skills. Required Skills and Competencies Strong financial analysis and problem-solving skills. Excellent attention to detail and accuracy. Strong planning, budgeting, and organizational skills. Ability to interpret financial information and make practical business recommendations. Leadership and team management skills. High integrity, confidentiality, and professional ethics. Strong communication and reporting skills. Ability to work under pressure, meet deadlines, and manage competing priorities. Expected Outcome The successful candidate is expected to: Establish reliable and timely financial reporting for management. Strengthen budgeting, cash flow planning, and expenditure controls. Improve visibility into product costs and manufacturing profitability. Support better procurement, inventory, and working capital decisions. Ensure compliance with applicable financial and tax requirements. Provide management with accurate financial information for informed decision-making. Method of Application Interested candidates are invited to apply by completing the following form: https://forms.gle/5zcgP2FKQiTeLNU26