Assistant Finance Manager job at Simba Group | Apply Now

Organization:

Simba Group

About the Organization:

At simba, we believe that communication is a right, not a luxury. We have been working hard since the Mobile industry began in East Africa to help make this dream become a reality.

We are the largest distributor of airtime in East Africa, working with the biggest network in Uganda (MTN) and Kenya (Safaricom)
We also are one of the largest retailers in East Africa with over 100 retail outlets and are partnered with Nokia, Samsung, Tecno mobile and Redmi to sell high quality mobile phones.

Job Description

These duties and requirements provide a general overview of what may be expected for an Assistant Finance Manager position. Specific duties and qualifications may vary based on the organization's industry, size, and specific finance needs.

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Duties and Responsibilities

Financial Reporting: Assist in the preparation of financial reports, including monthly, quarterly, and annual financial statements. This may involve gathering financial data, analyzing variances, and ensuring compliance with accounting standards and regulatory requirements.
Budgeting and Forecasting: Support the budgeting process by assisting in the development of annual budgets, forecasting future financial performance, and analyzing budget variances to provide insights for decision-making.
Financial Analysis: Conduct financial analysis to assess the financial health of the organization, identify trends, and evaluate business performance. This may include analyzing profitability, liquidity, solvency, and efficiency ratios.
Cash Flow Management: Assist in managing cash flow by monitoring cash balances, forecasting cash needs, and optimizing cash utilization to ensure liquidity and financial stability.
Financial Planning: Support financial planning activities, such as strategic planning, investment analysis, and capital budgeting. Assist in evaluating investment opportunities, assessing risks, and recommending financial strategies to achieve organizational goals.
Internal Controls: Help establish and maintain internal controls and procedures to safeguard assets, prevent fraud, and ensure compliance with accounting standards and regulatory requirements.
Audit Support: Assist with internal and external audits by providing documentation, reconciliations, and explanations of financial transactions and processes to ensure audit readiness and compliance.
Financial Systems Management: Utilize financial management software and systems to streamline processes, improve efficiency, and enhance the accuracy and reliability of financial data.
Team Leadership: Provide guidance and supervision to finance team members, including training, mentoring, and performance management, to ensure the team's effectiveness and professional development.
Advisory Services: Provide financial advice and guidance to management, stakeholders, and departments within the organization on matters such as budget management, cost control, revenue enhancement, and financial risk management.

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Qualifications and Experience

Education: A bachelor's degree in finance, accounting, economics, or a related field is typically required for Assistant Finance Manager positions. A master's degree or professional certifications such as CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst) may be preferred.
Experience: Relevant work experience in finance or accounting is often required, especially for mid-level or senior assistant finance manager positions. Experience with financial reporting, budgeting, financial analysis, or financial management may be required depending on the role.
Knowledge of Financial Principles: Strong knowledge of financial principles, practices, and standards (e.g., GAAP - Generally Accepted Accounting Principles) is essential for performing finance duties accurately and effectively.
Analytical Skills: Excellent analytical skills are necessary for interpreting financial data, identifying trends, and making informed recommendations for financial decision-making.
Computer Proficiency: Proficiency in financial modeling, spreadsheet applications (e.g., Microsoft Excel), and financial management systems is important for performing finance tasks efficiently and effectively.
Communication Skills: Strong communication skills, both verbal and written, are essential for interacting with colleagues, stakeholders, and external parties, as well as for preparing financial reports and presenting financial information.
Ethical Standards: Assistant Finance Managers are expected to uphold high ethical standards and integrity in their work, particularly when handling sensitive financial information and making financial decisions.
Problem-Solving Abilities: The ability to identify issues, analyze root causes, and develop solutions to financial problems or challenges is important for Assistant Finance Managers to succeed in their roles.
Time Management: Effective time management skills are necessary for managing multiple tasks, meeting deadlines, and prioritizing work in a fast-paced finance environment.
Teamwork: Assistant Finance Managers must be able to work collaboratively with colleagues and contribute to team goals, as well as provide guidance and support to finance team members.