Finance Manager

Tanzania Integrated Engineering Solution Company Limited (TIES) is a private company wholly owned by Tanzanians and established on 18 April 2019 under the laws of the United Republic of Tanzania.Buy Maps TIES is a multidisciplinary engineering and technical services company providing integrated expertise in mining, geology, mineral processing, environmental services, mechanical engineering, electrical engineering, and civil engineering. The company is seeking a highly organised, proactive, and detail-oriented Finance Manager to support its business operations and project activities. Job Purpose The Finance Manager will oversee the company’s financial management and project cost control to ensure effective financial controls, accurate reporting, regulatory compliance, and efficient cash-flow management. The role will work closely with the Managing Director, OTSM, Project Coordinator, Procurement Team, Finance Team, HR and Administration, and project teams to ensure that financial and administrative activities are properly planned, controlled, documented, and aligned with company objectives. Key Responsibilities 1. Financial Management – Manage the company’s day-to-day accounting and financial operations. – Prepare and monitor annual budgets, cash-flow forecasts, and financial plans. – Oversee accounts payable, accounts receivable, bank reconciliations, and general ledger activities. – Prepare timely monthly, quarterly, and annual financial reports. – Monitor company profitability and provide financial analysis to management. – Ensure financial records are accurate, complete, and properly maintained. 2. Project Cost Control – Monitor project budgets and track planned expenditure against actual expenditure. – Monitor project commitments, margins, and overall financial performance. – Identify cost overruns, budget variances, and potential financial risks. – Work with project teams to ensure expenditure remains within approved budgets. – Provide regular project cost reports and financial updates to management. 3. Cash Flow and Payments – Monitor the company’s cash position and upcoming financial requirements. – Prepare and maintain cash-flow forecasts. – Prioritise payments according to business needs, approved budgets, and available cash. – Monitor outstanding client invoices and coordinate follow-up on overdue receivables. – Ensure suppliers and service providers are paid accurately and on time, subject to approved procedures. 4. Financial Controls and Compliance – Maintain effective internal financial controls and approval procedures. – Ensure all financial transactions are properly authorised and supported by appropriate documentation. – Ensure compliance with applicable tax, accounting, statutory, and regulatory requirements. – Coordinate internal and external audits and provide the required financial documentation. – Identify weaknesses in financial controls and recommend corrective actions. – Ensure company financial policies and procedures are consistently followed. 5. Payroll and Staff Claims – Oversee monthly payroll preparation and ensure payroll information is accurate and submitted on time. – Review staff advances, per diem payments, allowances, and expense claims. – Ensure staff expenses are properly supported, approved, and recorded. – Monitor outstanding staff advances and ensure they are retired promptly. 6. Procurement and Expenditure Support – Work closely with the Procurement Team to ensure purchases remain within approved budgets. – Review the financial implications of procurement requests and major expenditures. – Ensure procurement-related payments are supported by appropriate documentation and approvals. – Monitor expenditure against approved project and departmental budgets. 7. Fixed Assets and Records Management – Maintain and regularly update the company’s fixed asset register. – Ensure accurate recording of asset acquisitions, transfers, disposals, depreciation, and related financial information. – Ensure proper documentation and authorisation for asset purchases, transfers, disposals, and write-offs. – Coordinate periodic physical verification of company assets and reconcile findings with the asset register. – Establish and maintain appropriate internal controls to safeguard company assets and financial resources. – Monitor compliance with company policies and procedures relating to asset management. – Liaise with Administration and relevant departments regarding asset custody, allocation, movement, and condition. 8. Management Support and Reporting – Provide the Managing Director with timely and accurate financial and administrative information. – Prepare management reports, financial analyses, and cash-flow updates as required. – Highlight financial, operational, and administrative risks to management. – Recommend appropriate corrective and preventive actions. – Support management in financial planning, decision-making, and business operations. Qualifications, Experience and Skills Education Applicants should possess a Bachelor’s degree in any of the following fields: Finance Accounting Commerce Business Administration Economics A related field relevant to the position Work Experience Applicants must have 3–5 years of relevant experience in finance, accounting, financial management, or a related field. Professional Skills and Competencies Candidates should demonstrate: – Strong knowledge of financial management and accounting principles. – Experience in budgeting, financial reporting, and taxation. – Good understanding of internal financial controls and compliance requirements. – Strong analytical and problem-solving skills. – Effective communication and organisational skills. – Leadership skills and the ability to work collaboratively with different teams. – High standards of integrity, confidentiality, and accountability. – Proficiency in relevant accounting and financial management software.

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