Head of Finance at ENGIE Energy Access Tanzania January 2024

ENGIE Energy Access

Jobs in Tanzania 2024: Job Vacancies at ENGIE Energy Access Tanzania 2024
ENGIE Energy Access Tanzania Jobs 2024

Head of Finance
Head of Finance at ENGIE Energy Access Tanzania January 2024
About ENGIE Energy Access
ENGIE Energy Access is the leading Pay-As-You-Go (PAYGo) and mini-grids solutions provider in Africa. The company develops innovative, off-grid solar solutions for homes, public services, and businesses, enabling customers and distribution partners access to clean, affordable energy. The PAYGO solar home systems are financed through affordable installments from $0.19 per day and the mini-grids foster economic development by enabling electrical productive use and triggering business opportunities for entrepreneurs in rural communities. With over 1,800 employees, operations in nine countries across Africa (Benin, Côte d’Ivoire, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia), over 1.9 million customers, and more than 9 million lives impacted so far, ENGIE Energy Access aims to impact 20 million lives across Africa by 2025.

Job Purpose/Mission
The Head of Finance is responsible for creating forecasting models, assessing risk in investments, and ensuring all accounting activities comply with regulations. S/he also oversees the management of project income, expenditure, and sub-contractor distributions.

Other responsibilities include, but are not limited to:
Financial Strategy, Policies, Procedures, and Internal controls

• Formulates Financial strategic action plans for ENGIE Mobisol UK Ltd (Tanzania) and ensures the implementation and compliance of company financial policies and procedures as per EEA requirements.
• Ensures the country’s implementation and standardization of controls, systems policies, and procedures
• Formulates performance standards in the department and ensures that strategic objectives are pursued and achieved.
• Support the formulation of the country’s supply chain strategy as stipulated in the global directions.
• Analyses monthly financial performance against established benchmarks set within the business plan framework for the EEA.
• Prepares country’s financial feasibility and profitability studies; evaluates and approves financial dimensions of new projects, new products, and main changes to processes
• Administers and schedules all quarterly performance appraisals for the country’s Finance department, establishment, and agreement with staff on Key Result Areas and Key Performance Indicators
• Ensures that capital expenditure for the company is correctly accounted for and is in line with accounting requirements for Property, Plant, and Equipment.
• Oversees the disposal of Property, Plant, and Equipment that have been correctly accounted for and proceeds are banked intact.
• Evaluates useful lives of assets and ensures they are regularly assessed and their impact on profitability is appropriately assessed and is aligned to other Renewable energy companies
• Ensure the follow-up of the Enterprise Risk Management exercise and action plan

Financial Performance and Financial Risk Management

• Ensures that the business achieves or surpasses its profitability targets by monitoring key expenditure areas and that profitability margins are in line with the business plan
• Manages the cash flows and ensures efficient debt collection and credit policy.
• Meets key line managers weekly regarding their expenditures and carries out monthly variance checks and addresses them through line managers.
• Secures and negotiates financing facilities with financial institutions.
• Manages the company’s capital expenditure budget
• Ensures that the Company complies with the laws and regulations of the country with respect to BRELA License fees, Customs & Import duty, Income and Corporate tax, Regulatory License Compliance, filing of corporate returns, and accurate record keeping.
• Responsible for the tax management position of the Company
• Prepares and presents to financial analysts half-year and annual financial results
• Ensures the completion of the external audit is aligned with the legal requirements

Supply and Logistics Management at EEA Tanzania

• Implement negotiation prices and terms with suppliers, vendors, or freight forwarders
• Monitors suppliers’ performance to assess the ability to meet quality and delivery requirements
• Meets with suppliers to discuss performance metrics to provide performance feedback or to discuss production forecasts or changes
• Develops or implements procedures or systems to evaluate or select suppliers
• Maintains knowledge database of supplier’s markets, sub-categories, capabilities, technology, cost analysis, and key performance indicators
• Develops and fully implements long-term supply agreements for key strategic high-value items and services for the company
• Spearheads strategic relationships with suppliers and partners in clearing, forwarding, and distribution
• Reviews and improves the supply chain planning process

Statutory Reporting, Financial support, and Advisory services to EEA Tanzania Country Director and other departments

• Prepares financial budgets and management reports thus ensuring efficient budgetary control.
• Prepares financial results and presents them to the board for approval.
• Prepares monthly financial management results and presents them to the Country Director and then to the executive committee.
• Prepares LTT consolidated financial statements, including working with external auditors.
• Direct involvement in strategic mapping for the entire organization by being a member of the Leadership team.
• Ensures tight controls in the upkeep of organizational information and physical security
• Recommends the training needs for employees within the department
• Ensures that Quarterly performance appraisals are performed by all direct reports within the entire department

Planning

• Contributes to short-term and long-term periodic strategic and management thinking as the partner to the business unit heads.
• Ensures that the Company complies with the laws and regulations of the country with respect to Income and Corporate tax, filing of corporate returns, and accurate record keeping.
• Analyses monthly financial performance against established benchmarks set within the business plan framework for the Company

Accountability

• Decision on the performance standards in the finance department and ensures that overall business strategic objectives are pursued and achieved
• Management of the finances and cash flows of the company
• Decision on the best method of implementation of internal control systems to ensure adherence to proper accounting principles
• Allocation of cash resources to competing business requirements (Opex and Capex) in line with approved budget
• Decision on expenditure to achieve Company profit margins (GP, EBIT, PBT, and PAT) in line with the approved budget
• Decision on internal controls to safeguard assets of the Company, e.g., daily cash takings and security over dealer debtors (bank guarantees and or bond over immovable property)
• Decision on optimum ways of managing the incidence of all forms of taxation. (e.g., VAT, withholding tax, capital gains tax, and corporate taxation)
• Decision on treasury functions, i.e. short-term borrowings and short-term investments in line with business requirements
• Decision on the content to be included in the end-of-year financial report in line with business performance.
• Decision on the supply chain strategy to employ for the business

Accountability and Quality

• The Departmental budget management
• Supporting the company’s revenue generation
• Adequate and quality customer generation Undertaking any other duties which may be assigned by the Line Manager.

Knowledge and skills
Experience:

• At least 10 years in Finance, Corporate Finance, or a related discipline experience, 6 years should be in a Senior Management position within the renewable energy industry
• Experience representing a medium and leading commercial multinational entity to both internal and external partners, and authorities
• Experience with networking, advocacy, and coordination

Qualifications:

• Professional accounting qualifications such as CPA, CFA, CIMA or ACCA, NBAA registration
• A holder of a minimum MBA or equivalent in Accountancy, Finance, Economics, Actuarial Science or Related Discipline
• Knowledge of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) are prerequisites.
• Good spreadsheet and financial modeling skills are a prerequisite.
• High skills in computer literacy with proficiency in MS Office and business modeling tools.
• Knowledge of Accounting Systems (Financial accounting software), HYPERION
• Good analytical, conceptual, and diagnostic skills.
• Good understanding of the different business functions and their interaction towards the achievement of the business objectives.
• High degree of professional judgment and discretion
• Ability and passion for Coaching and Training.
• Strong ability in planning and organization.
• Excellent Verbal communication skills with customer focus.

Language(s):

• English
• Swahili
• French is a plus

Technology:
Experience in technology required for the role

We thank all applicants for their interest, however, due to the large volume of applications we receive, only shortlisted candidates will be contacted.

ENGIE is an equal opportunity employer, that promotes diversity and is committed to creating an inclusive environment for all. All applications are screened based on business needs, job requirements, and individual qualifications, without any regard to origin, age, name, sexual identity, orientation or preference, religion, marital status, health, disability, political opinions, union involvement, or citizenship. Our differences are our strengths!

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