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Full-time
Chief Finance Officer Job at Rwanda Inter-Link Transport Company (RITCO Ltd)
Rwanda Inter-Link Transport Company (RITCO Ltd)
Job Description
Rwanda Interlink Transport Company (RITCO Ltd) is looking for an interested and qualified candidate to apply for the position of Chief Finance Officer. The CFO reports directly to the Chief Executive Officer and will supervise all staff in the finance department, providing counsel on significant financial matters affecting the company's finances, operations, and policies.
Duties, Roles and Responsibilities
- Provides counsel to the CEO and the Board on significant matters affecting the company's finances, operations, and policies
- Advice members of the board on request of the audit committee through the CEO on all aspects of finance in carrying out their strategic objectives
- Come up with financial solutions to improve profits
- Assist the directors in developing and implementing strategic and business plans and budgets.
- Prepare and present quarterly progress financial reports to the board of directors through the Chief Executive Officer to keep them abreast with budget execution.
- Formulates policy recommendations for the Board of Directors, Attends Board meetings up on the invitation to advice on finance matters
- Identifies opportunities for the organization to improve its financial and competitive position by monitoring transport industry changes
- Develop, review and maintain all finance and finance-related policies and procedures to ensure they are aligned to RITCO's mission
- Oversees budgeting, accounting, payables, auditing, payroll, receivables, cash-flow, benefit management, insurance program and investing opportunities.
- Supervision of the finance staff and outsourced accounting and auditing services.
- Review annual budget, monitors and report budget performance
- Manage the organization's risk by enforcing internal controls and assisting with external and internal audits.
- Develop and maintain a sound investment policy that is aligned with RITCO’s mission to ensure that all the cash surplus of RITCO is invested adequately.
- Provide the finance department with guidelines and timetables on a monthly, quarterly, and annual basis in terms of the reporting requirements and the timelines within which reports are required.
- Develop appropriate reporting templates and train all finance staff including cashiers and booking clerks on how to use them adequately.
- Develop an appropriate chart of accounts customized to RITCO’s business operations.
- Manage revenue accounting system, and ensures the integration of accounting and billing processes;
- Prepare the annual budget to ensure it reflects all the financial needs of the company for the following financial year.
- Hold quarterly procurement consultative meetings with other departmental heads and CEOs to ensure that the demand management plan is executed as documented and ensure that the procurement of goods and services is corrected as planned.
- Approve all payments and be a signatory to all RITCO bank accounts,
- Ensure accuracy and completeness of financial reports and provide quarterly and annual financial reports.
- Ensure thorough verification of monthly payroll before effective payment.
- Audits Daily revenue collection and supervision RITCO of operational areas.
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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