CLOSED

Full-Time

Startup & High Growth

Movemeback African oppportunity location
  • Jinja , Uganda

Yalelo - Finance Manager Movemeback African opportunity cover image

Description

Founded in 2011, Yalelo is a pioneer of aquaculture in Africa, bringing together local resources and world-leading practices. Yalelo recognise that international investment can create both wealth and imbalance and aim to rectify legacy disadvantages, by empowering local residents. Yalelo have created and implemented a scalable solution to ease the pressure on Zambia’s struggling wild-capture fisheries sector. They have grown quickly to become one of the leading fisheries firms in Africa. Their pristine water, locally produced, non-GMO fish feed and a robust cold-chain, results in an affordable, high quality product - transforming the customer experience. In addition, Yalelo have launched several local community programmes supporting health and social development initiatives which, drive the well-being and empowerment of the local community. Yalelo are expanding into Uganda, and seeking an experienced Finance Manager to join the team.

 

As the new Finance Manager, you will be the lead finance business partner for the organisation. You will provide sound financial counsel on working capital, financing, and the financial position of the organisation by synthesising internal and external data and studying the economic environment. You will often play a key role in implementing best practices to identify and manage financial/business risks, and to meet the organisation's desired business and fiscal goals. You will be required to demonstrate a firm grasp of economic and business trends and to implement projects geared towards improving the quality, compliance, and efficiency of Yalelo's finance team.

 

Overall, your responsibilities will cover all aspects of financial management, performance management, financial accounting, budgeting, corporate reporting etc. As the ideal candidate, you will demonstrate strong technical as well as management skills, and the ability to lead a team of finance professionals with varied technical knowledge and abilities. You will be responsible for consolidating your team’s work and ensuring its quality and accuracy, especially for reporting purposes.

 

Role Responsibilities:

 

Management

  • Maintain a documented system of accounting policies and procedures
  • Supervise financial accounting operations including accounts payable, accounts receivable, fixed assets, cash and bank, as well as general ledger accounting
  • Oversee the operations of the treasury team, including the design of an organisational structure adequate for achieving the department's goals and objectives
  • Analyse the financial performance and position of the organisation and develop suitable accounting policies to meet reporting requirements
  • Monitor changes and emerging trends in accounting standards and regulation
  • Provide financial leadership and strategic thinking to support sustainable value-creation
  • Appraise the financial performance and position of divisions
  • Develop accounting policies that meet reporting requirements and align with business models
  • Apply professional judgement to identify accounting treatments adopted in financial statements and assess their suitability and acceptability

 

Funds Management

  • Forecast cash flow positions, related borrowing needs, and available funds for investment
  • Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
  • Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
  • Maintain banking relationships for accounts for day-to-day transaction as well as investments
  • Forecast cash flow positions, related borrowing needs, and funds available for investment
  • Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
  • Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
  • Maintain banking relationships and credit rating agency relationships
  • Advise management on the liquidity aspects of its short- and long-range planning
  • Oversee the extension of credit to customers and report on compliance with procedures
  • Maintain a system of policies and procedures that impose an adequate level of control over treasury activities

 

Budgeting & Reporting

  • Apply appropriate appraisal techniques and consideration for taxation, inflation and risk in investment decisions
  • Analyse, compile and present management information for managerial decision making
  • Review the valuation of business and financial assets using different models
  • Identify and understand the financing needs of the organisation
  • Identify and calculate both financial and non-financial performance measurements for reporting on the organisation’s performance
  • Advise on the determination and application of marginal and absorption standard costing concepts to calculate costs variances and profit variances within the management accounting function
  • Create additional analyses and reports as requested by management

 

Audit, Risk & Compliance

  • Plan and coordinate the annual financial audit process
  • Respond to internal and external auditors on audit data, variances and audit findings
  • Implement policies and procedures with emphasis on internal controls to prevent possible fraud and errors
  • Resolve issues and deficiencies arising from audit findings
  • Comply with statutory reporting requirements and tax filings
  • Supervise the calculation of taxable income and income tax liabilities of the organisation
  • Assess the chargeable gains and losses of the organisation, as well as capital gain tax liabilities
  • Resolve tax-related issues with external tax experts
  • Advise management on the organisation’s exposure to risks and the involvement of financial institutions where applicable

 

Continuous improvement

  • Manage change in the finance function and implement efforts in the redesign of core finance business processes to improve productivity and efficiency
  • Support organisation's capital raising initiatives
  • Drive ERP implementation within the finance function and use management information systems strategically for effective management and control of the business
  • Use data mining and new analytical methodologies&
  • Identify and adopt business intelligence tools to analyse financial data and information
  • Evaluate the effectiveness of the organisation’s financial system and determine any areas of improvement
  • Ensure the appropriate set up of accounting rules in the organisation’s financial system

Criteria

  • ACCA, CIMA, FCCA qualifications preferred
  • 6+ years’ experience, including experience in financial management at a senior position
  • Experience in a multinational corporation is a plus
  • Experience managing a team and ensuring accuracy of their work and reporting
  • Experience managing customer invoices and related processes
  • Demonstrable experience in accounting, for accounts receivable, customer account reconciliations and reporting
  • Strong understanding of best practices and risk management
  • Understanding and knowledge of current economic and business trends
  • Excellent written and verbal communication
  • Strong Microsoft Skills required

Benefits

  • Globally competitive salary
  • Relocation support
  • Bonus
  • The opportunity to be part of a pioneering organisation bringing together local resources and world-leading practices, to empower African communities

About Yalelo

Yalelo is a PE-backed African agribusiness in Zambia and Uganda. Founded in 2011, Yalelo is a pioneer of aquaculture in Africa, bringing together local resources and world-leading practices.  Yalelo recognise that international investment can create both wealth and imbalance, and are working to rectify legacy disadvantages, by empowering local residents. Yalelo has grown rapidly to become Africa’s largest producer of fish, as well as the leading fish distribution and sales business in Zambia.  The Yalelo team is applying international best practice, proprietary R&D, and data-driven operations to bring down production costs and ease the pressure on Zambia’s struggling wild-capture fisheries sector.

 

Yalelo have created and implemented a scalable solution They have grown quickly to become one of the leading fisheries firms in Africa. Their pristine water, locally produced non-GMO fish feed, and a robust cold-chain, results in a product quality and affordability that is transforming the customer experience. In addition, Yalelo have launched several local community programmes, supporting health and social development initiatives which drive the well-being and empowerment of the local community.

 

Yalelo is committed to maintaining its aggressive growth over the next five years, driving production costs progressively lower, and further expanding distribution within Zambia, Uganda and neighbouring markets.