4 Dec 2017

Financial Controller

POSITION TITLE| XILKA LA RAADINAYO:

Job Description

ILEYS  ENTERPRISES & DETERGENT INDUSTRY CORPORATION

 Burco Somaliland

EMPLOYER: ILEYS ENTERPRISES

Job Title: Financial Controller

Location: Burao, Somalilnad         

Background of Company

ILEYS Enterprises & Detergent Industry Corporation is a registered private owned company with Shareholder base with good financial background. It has a significant presence in Horn of Africa since 1993 at Burco the capital city of Togdheer Region.  Our Business diversifies into two business verticals with many stem as Trading for Building Materials & Manufactures of all kind of Detergent products.

We are looking for outstanding professional with passion, dedication and commitment to excellence and innovation who are interested in contributing to business development whilst supplementing their income in the post of “Financial Controller”.

Basic Function: The Financial controller position is accountable for the accounting operations of the company, to include the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards. Principal Accountabilities:

Management

  • Maintain a documented system of accounting policies and procedures
  • Manage outsourced functions
  • Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department’s goals and objectives
  • Oversee the accounting operations of subsidiary corporations, especially their control systems, transaction-processing operations, and policies and procedures.

Transactions

  • Ensure that accounts payable are paid in a timely manner
  • Ensure that all reasonable discounts are taken on accounts payable
  • Ensure that accounts receivable are collected promptly
  • Process payroll in a timely manner
  • Ensure that periodic bank reconciliations are completed
  • Ensure that required debt payments are made on a timely basis
  • Maintain the chart of accounts
  • Maintain an orderly accounting filing system
  • Maintain a system of controls over accounting transactions

Reporting

  • Issue timely and complete financial statements
  • Coordinate the preparation of the corporate annual report
  • Recommend benchmarks against which to measure the performance of company operations
  • Calculate and issue financial and operating metrics
  • Manage the production of the annual budget and forecasts
  • Calculate variances from the budget and report significant issues to management
  • Provide for a system of management cost reports
  • Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations

Compliance

  • Coordinate the provision of information to external auditors for the annual audit
  • Monitor debt levels and compliance with debt covenants
  • Comply with local, state, and federal government reporting requirements and tax filings

Additional Accountabilities:

  • If the company is publicly held, then add a requirement to be responsible for the filing of quarterly and annual reports with the Securities and Exchange Commission
  • If the company is a small one, then the controller likely assumes the responsibilities of the chief financial officer

Desired Qualifications: The controller candidate should have a Bachelor’s degree in accounting or business administration, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation.  Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations.

Working Conditions: Primarily in an office environment. Will be expected to travel as needed to company subsidiaries, as well as to potential acquires to conduct due diligence. Periodic weekend or evening work is expected.

HOW TO APPLY:

All interested candidate are encouraged to forward their CVs and applications to the email jobs@ileys.com .  ONLY shortlisted candidates will be contacted for interview

The closing date is on: 25th   December, 2017

Date of issue:  05th December 2017.

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