Background
The National Investment Company Limited (NICOL) is a public liability company whose mission is to bring radical enhancement of participation of Tanzanians in their national economy.
It aims to be a leading collective investment vehicle which collects funds from the Tanzania general public and channel them into viable economic ventures through equity ownership in existing commercial enterprises as well as direct investment in new ventures.
As part of its continuous campaign to ensure that it manages its investments in a professional way, and in line with international best practices, NICOL is looking to recruit
competent individuals to fill existing vacancies.The National Investment Company Limited (NICOL) is a public liability company whose mission is to bring radical enhancement of participation of Tanzanians in their national economy.
It aims to be a leading collective investment vehicle which collects funds from the Tanzania general public and channel them into viable economic ventures through equity ownership in existing commercial enterprises as well as direct investment in new ventures.
As part of its continuous campaign to ensure that it manages its investments in a professional way, and in line with international best practices, NICOL is looking to recruit
Job Definition
The Chief Financial Officer (CFO) provides both technical and administrative support to the organization. The CFO supervises the finance and administration directorate.
The CFO reports directly to the Chief Executive Officer (CEO) on all strategic and tactical matters as they relate to investment analysis, budget management, forecasting needs and the securing of new funding. The CFO will provide advisory and direction to the CEO regarding overall financial management of the company.
Knowledge, Skills and Abilities:
- Bachelor’s degree in Accounting or Finance from a reputable university. Must be a fully qualified accountant and a member in good standing of a credible professional institute such as NBAA or ACCA.
- Must also be holders of an MBA or any other relevant postgraduate qualification with at least 5 years proven experience in a busy Group Accounting environment. Experience from a listed company will be an added advantage.
- Demonstrated knowledge of International Financial Reporting Standards (IFRS) and other local reporting standards.
- Strong interpersonal, written and oral communication skills in both English and Kiswahili.
- Strong leadership and technical skills with proven capacity to direct and manage change and inspire high performing teams.
- Knowledgeable about information technology systems, including business and office software.
- Maturity and high professionalism in dealing with other stakeholders, partners, investors, and government officials at senior, middle and junior levels.
- Self starter, flexible and goal oriented individual able to work and deliver under pressure.
Duties
- Oversee the smooth and efficient running of the Finance Department.
- Ensure high integrity of the Accounting system (software), ensuring it remains effective and operational at all times with sound back up arrangements.
- Ensure compliance with statutory audit requirements.
- Ensure all taxation and regulatory/legislative requirements are complied with at all times including DSE, CMSA and other relevant statutes for a listed company.
- Ensure timely capturing of company and group transactions to reflect latest financial position of the company’s affairs and its subsidiaries.
- At least on a monthly basis, conduct balance sheet reconciliation for review by Directors in their quarterly meetings.
- Where inconsistencies to reconciliations emerge take immediate remedial action or refer to relevant personnel as appropriate.
- Co-ordinate and prepare annual budgets, including operating and capital expenditure budgets.
- Ensure approved capital expenditure budgets are adhered to at all times.
- Ensure any variations to budgets and forecasts are explained in monthly management reports, including any future / potential exposures to the company
- Ensure accurate preparation / reporting of monthly financial results in strict accordance with Company deadlines.
- Where required, provide technical assistance I direction to subsidiaries with regards to the preparation of their budgets.
- In conjunction with the CEO, ensure that business cash flow adequately supports company work activities and produces optimal results.
- Collate all relevant information to produce end of year statutory accounts for the company and its subsidiaries.
- Ensure that end of year statutory accounts report is finalised by specified date and presented to Directors for review.
- On a monthly basis ensure all statutory dues and returns are submitted within specified timelines.
- Provide technical input in the preparation of business plans and forecasts to determine the viability and feasibility of new ventures and advise CEO accordingly.
Remuneration
- An attractive remuneration package awaits the right candidate.
To apply
Send in your application with supporting attachments such as CV, 3 references, copies of your academic and professional credentials to:
Chief Executive Officer
National Investments Company Ltd
P.O. Box 8528, Raha Towers, 2nd floor
Azikiwe and Bibi Titi Mohamed Street.
Dar es Salaam, Tanzania
Tel: +255 22 2136 728132,
Fax: +255 22 2136726
Website: www.nico.co.tz
Your application should reach us by 22 March 2010.
Only shortlisted candidates will be notified.
Send in your application with supporting attachments such as CV, 3 references, copies of your academic and professional credentials to:
Chief Executive Officer
National Investments Company Ltd
P.O. Box 8528, Raha Towers, 2nd floor
Azikiwe and Bibi Titi Mohamed Street.
Dar es Salaam, Tanzania
Tel: +255 22 2136 728132,
Fax: +255 22 2136726
Website: www.nico.co.tz
Your application should reach us by 22 March 2010.
Only shortlisted candidates will be notified.
