Financial Controller at KSCL August 2024
Kilombero Sugar Company Limited (KSCL), is the largest producer of sugar in the country under the strong “Bwana Sukari” brand name.
KSCL is part of the Illovo Sugar Africa Group, Africa’s biggest sugar producer with extensive agricultural and manufacturing operations in six African countries; including South Africa, Malawi, Mozambique, Eswatini, Zambia, and Tanzania. Illovo Sugar Africa is a wholly-owned subsidiary of Associated British Foods plc (ABF), listed on the London Stock Exchange. Located at Kidatu within Kilombero Valley, the Company operates two agricultural estates and sugar mills; Msolwa and Ruembe located in the Districts of Kilombero and Kilosa respectively, and separated by the Great Ruaha River, within Morogoro Region.
Job Purpose
The successful candidate will be responsible for the adequacy and effectiveness of the financial control environment and governance system to ensure that all financial risks are appropriately managed and financial reports produced are accurate and timely.
Specific Duties and Responsibilities
- Lead & develop the Finance Operations, Risk, Tax, and Treasury teams ensuring all requirements are met.
- Ensure the adoption and deployment of standardized Group reporting policies, outputs, and systems to ensure accurate and consistent reporting.
- Ensure the accuracy and integrity of the balance sheet.
- Oversee all advisory and transactional processing of tax and treasury matters as well as key subjective accounting issues.
- Drive a continuous reduction in the number of financial accounting, risk, and control issues arising in the year, and develop a program to proactively address known financial and control weaknesses.
- Continuously identify improvements in operational processes, policies, and procedures, and lead process optimization and efficiency projects.
- Support your team in ensuring favorable internal and external stakeholder relationships (e.g. Commercial Banks).
- Enable compliance to IFRS – Enable the team to provide technical guidance to the finance functions on IFRS issues, disclosure items, new accounting standards, and complex accounting matters. Oversee and supervise the preparation of the annual report.
- Lead regular reviews with the Group Finance team providing clear and comprehensive summaries of business and accounting issues.
- Work with the wider team to review & prepare business results and supporting analysis for both internal and external use.
- Own and ensure that financial risk and effective controls are in place.
- Regularly confirm the effectiveness of controls in higher-risk processes e.g. Procurement, Manufacturing process, Supply Chain.
- Lead the relationship with external auditors, ensuring alignment on key subjective accounting issues.
- Champion UK SOX processes within the country.
- Ensure all control assessments are completed in line with Group or regulatory requirements.
- Ensures ABC (Anti-bribery and Corruption) reviews and oversees implementation.
- Work closely with the Internal Audit team to ensure all significant control issues are addressed.
Job Qualification and Experience
- Bachelor’s degree in Accountancy, Business Administration, or equivalent
- Must be certified by ACCA / CPA (T) / Equivalent
- Minimum 10 years post-qualification and financial management experience
- Minimum 5 years of senior management experience
- 5+ years of operational experience across various functions, direct operational experience advantageous
Terms of Service: The successful candidate will be engaged on a Permanent Contract.
All interested candidates, who meet the above requirements should apply for the position on or before 27th August 2024.
Kilombero Sugar Company Limited is an equal-opportunity employer. Women and people with disability are highly encouraged to apply.
