Position and Overall Responsibilities
Reporting to the Managing Director, this is an excellent opportunity for an experienced, progressive, energetic and social impact minded finance professional to join one of Madagascar’s most significant social enterprises. Based in Tana it is currently transitioning from donor supported to financially self-sustaining, by agile management and rapid expansion of services.
Acting effectively as the manager of finance and administration, the Financial Controller will hold a key position in this growing social enterprise; having overall responsibility for financial management and ensuring financial information systems and controls are implemented to accompany the growth of the business and to provide all stakeholders with accurate and timely reports and forecasts..
In the short term the Finance Controller will be the finance function and will have to adopt a “hands on” approach. It will require flexibility to deal with all issues arising from a spectrum which encompasses day to day transactions and specific project work.
Key Responsibilities These will comprise:
Maintenance and development of robust financial control and information systems
Hire and train a bookkeeper to support the data entry into the accounting system and preparation of monthly accounts
Management of current and forecast cash flows - Cash reporting and controls are of high importance in this evolving business as a portion of the start-up funds have been provided by foundations of international standing and there are a large number of cash transactions.
Collection of overdue trade receivables – success in the preparation and follow up of aged analyses of trade receivables will be a major key performance indicator for the business. The Controller will represent an independent control function in ensuring that receivables are collected on time and in full; in order to do this, the Controller will work closely with the Head of Sales and Marketing and their team whose responsibility is to expand and manage the portfolio of customers.
Preparation of monthly trial balance and reports (Profit and Loss Account, Balance Sheet and Cash Flow Statement together with supporting analyses) and assists in orienting the direction in its strategy.
Preparation of annual budget
Preparation of annual financial statements
Support financial reporting for international donors and investors
Management of payroll & fiscal/social taxes (IRSA, AMIT, CNAPS…)
Overseeing the appraisal and financial management of investments for expansion
Support the Managing Director regarding the HR management.
Maintaining cost effective banking facilities and being the principal point of contact with the Bankers on day to day matters.
Regulatory compliance –. The Controller will act as Company Secretary to ensure the company in good regulatory standing.
Ensuring that adequate insurance cover is in place for both personal and product liability.
Skills Required and Opportunity
The Controller will need to show the capability to develop and manage a finance department . Essential skills and experience include:
a. An excellent working understanding of accounting principles and monthly financial reporting techniques b. knowledge of accounting software, with a working knowledge of Xero a distinct advantage. Experience with SAGE is an additional asset. Competency with Microsoft Excel to meet certain reporting requirements.
c. Experience of working in a rapid change, growth environment will also be advantageous
d. At least 5 years experiences as a financial or management controller
e. Previous experience in an accounting firm/”cabinet d’audit” firm working for Malagasy companies would be an asset
f. Fluency in both Malagasy, French and a good understanding of English is essential.
Overall, the Controller will enjoy working within a small management team whose main focus is to scale the enterprise in a sustainable manner. The Controller will also appreciate that as the business grows, so will the required structure of the finance function, thereby offering an important opportunity for personal growth as well.