Finance Manager

ESSENTIAL DUTIES include the following. Other duties may be assigned.

Data Analysis and Reporting

•     Responsible for timely and accurate preparation of financial reporting (primarily monthly and annual) according to IFRS and regulatory requirements (CBAR).

•     Responsible for timely presentation of reports based on timeline set by HQ.

•     Analyze client's data, review, and prepare analysis as requested with explanations of main trends and recommendations to the management for effective decision making.

•     Ensure completeness, accuracy and control of data and reports in the system.

•     Liaising with internal and external audits as well as CBAR and HQ as required.

•     As a member of Reporting and SW Committee member to attend committee meetings once per week and participate in approval for development of or modification to reports.

•     Handle requests that directly works HQ IT team and if needs more information providing and explanation of requests.

Borrowing and Lender Relationships:

•     Assist CFO on managing lender relationship.

•     Liaison with lenders during due diligence process, providing required data and reports and hold meetings with them.

•     Ensure timely and accurate lender reports.

•     Review, timely and accurate calculation of covenants as per debt agreements and update CFO on status of compliance with covenants.

Budgeting and Controlling :

·       Lead the annual budgeting and forecasting process during the year. Ensure budget is prepared based on srategc vision of the company and operational plan.

·       Participate actively in operational plan preparation.

·       Monthly review of actual results vs budgeted, review variances and report to CFO of material variances and trends, recommend correctie actions.

·       Send monthly reports to budget holders regarding budget implementation.

·       Review PO to ensure they are planned and in cse of overbudgets ensure approval of CEOand CFO is in place.

·       Gather OPEX monthly plans within 5 working days from budget holder to ensure predictable and controlled budget usage.

Treasury:

·       Oversee liquidity, cash management and cash flow planning.

·       Monitor cash levels and provide daily treasury report to CFO.

·       To prepare weekly, monthly and annual cash flow and recommend corrective action to CFO

·       Close communication with Business leads to plan liquidity necessary for sale on weekly basis

·       Keep updated payment schedules to ensure timely and accurate payments

Policies and Procedures

•     Assist CFO to maintain FINCA Azerbaijan Finance Manual and Accounting Manual and prepare updated versions as necessary in collaboration with the department members.

•     Notify and obtain approval from CFO for any needed changes in operating procedures, policies, forms, etc., for assigned area.

•     To ensure all financial activities comply with FINCA's global standards and local regulations.

Others

•     Other specific tasks assigned by the CFO, as required.

Communication and Teamwork

•     Maintain positive communication with other members of Finance staff and other departments. Keep other finance staff informed about changes in policies/procedures or activities that are relevant to their work.

•     Ensure that requests received are given due care and attention and timelines described in FINCA Azerbaijan services list protocol are met.

•     Other specific tasks assigned by the CFO, as required.

SUPERVISORY RESPONSIBILITY

·       Oversee activity and assignments of Financial Reporting team of 3 to 5 members

·       Manage performance of staff

·       Provide leadership and direction to the Financial Reporting team

·       Promote opportunities for training and professional development

·       Ensure appropriate staffing levels to balance workloads and meet the expectations required for smooth and efficient daily operations

·       Contribute to a work environment that fosters, recognizes, and rewards supportive mentorship, professional quality, respectful communication, continuous improvement, and positive energy

QUALIFICATIONS

•    Minimum 5 years of progressive experience in an reporting/finance related environment

•    Minimum 2 years of experience managing or coaching staff

•    Substantial knowledge of IFRS and Local Accounting Standards

Education & Experience                     

•    Bachelor’s Degree in Finance/Accounting or related field

•    Professional Finance degree (Qualified/Partly Qualified) ACCA or CFA

Language Skills

Fluent in Azerbaijani, English is required and Russian language preferred.

Computer Skills

Advanced knowledge of Microsoft Office (Excel, MS Word, Power Point)