Rorank Business S.C. is a joint venture with a UK base company called Castlford Holding Investment Groups. Rorank – a leading Ethiopian alcoholic spirits company setting its sights on ‘patriotic brand loyalty. We manufacture and distribute our flagship brands, Super Eagle and Crystal are renowned for their great taste and quality.  Our new leading edge manufacturing and bottling facility is located in Cha Cha.

Overall Goal (Job Main Mission Statement)

Act as a business partner for the department, participating and advising management in commercial and strategic priorities. Ensure that the departmental budgets, control environment and procedures conform to international accounting conventions and management laid down procedures.

Primary Job Purpose

• To provide financial management information and enhance department heads’ financial decision-making
• Partner with respective departments by understanding strategies and integrate into commercial decision-making process to contribute to their success
•  Support any short-term financial evaluation of projects or initiatives

Key Position Accountability (KPIs)

Budget & Estimates

Budget & forecast processes

• Set timetable for processes in terms of the reporting requirements and deadlines set by both the CFO and Head Office
• Monitor and manage adherence to timetables
• Issue guidelines for departmental heads to use in forecasting, such as inflation, exchange rates, volumes, pay cost increase, etc.
• Advise departmental heads on finance related issues

Standard cost of production

• Evaluate raw material standard process from Procurement against actual price variance accounts, and identify new standards to be used
• Create new product standards by SKU
• Review and report on new standard variances to ensure accuracy

Process Review

• Review input and give feedback to departmental heads
•  Compare results to prior actuals, plans, forecasts, and budget and analyze variances
• Calculate contribution margins by SKU
• Carry out margin analysis against comparative data
• Comment on analysis and identify opportunities or risks

Budget updates & upload

• Communicate budget details to departmental managers once approved by Head Office
• Upload budget details into the ERP system at the beginning of the new financial year

Reporting

Monthly reporting

• Review report accuracy of sales volumes by SKU
• Generate margin analysis by product category
• Obtain explanations for variances (mix, volume & price)
• Analyze opportunities and risks and recommend alternative options
• Production of departmental monthly management reports into area, channel, and any other segmentation as may be required, and understand underlying cause of variances
• Use appropriate internal/external bench marking and other analysis techniques to drive cost awareness and improvements
• Produce monthly management accounts and management commentary, adhering to deadlines

Ad hoc reporting

•  Assist and advise management on pricing decisions through value chains by SKU

• Generate reports as requested by management or Head Office

Month-End Procedures

Accounting process control

• Arrange Finance participation in monthly stock counts and reconcile with ERP system and stock valuations (WIP, raw materials and finished goods)
• Ensure production costing model is run on time, review and ensures accuracy of stock movement, usage variances and process losses. Process monthly allowed entries into the G/L
•  Review Gross Revenue, Standard Cost of Sales and OPEX spend reports and ensure accuracy before finalization of management accounts
•  Process accruals
• Review reasonableness and effectiveness of Accruals & Provisions spend versus pre and post assumptions
• Set timetable for process in terms of the reporting requirements and deadlines set by both the CFO and Head Office
• Review G/L account reconciliations done by subordinates, and clear reconciling items

 Internal control

• Compliance with reporting, statutory, internal control requirements, and deadlines
•  Adapt internal control processes to ensure maximum efficiency and effectiveness

Year-end Process

•  Value raw materials, work in progress and finished goods based upon FIFO and weighted average prices and usages at year-end
• Value raw materials, work in progress and finished goods based upon new standards in the first month of the new financial year

Cost Control

 OPEX

• Coordinate and attend monthly departmental meetings and identify the nature of variances, (once off, timing, or recurring), so that accurate forecasting can be done
• Review OPEX spend reports, query all major variances, and ensure accuracy before finalization of management accounts

Variable Costs

• Review and query all major variances (usage & price), and identify opportunities for cost saving
•  Report on all variances, ensuring that the reason is consistent with previous periods, and identifying whether the variance is a once off, a timing issue, or will continue

CAPEX

•  Report actual spend against budget and/or forecast

Consultancy

•  Assist departmental managers to find cost saving opportunities
• Feedback to departmental managers any financial data that may be of assistance to them

Systems

Inventory master database

• Maintain SKU master list in Navision including cases/hl conversion tables
• Update selling price and container deposit rate adjustments in Navision

Customer master database

• Review and maintain trade discounts in Navision by channel partner
• Assist and advise sales managers on correct financial procedures for promotional activities and update customer master files accordingly
• Review sales invoices for accuracy

People Management

• Set goals for direct reports at least twice per annum
• Formally review performance at least twice per annum
•  Conduct regular one-on-one’s with direct subordinates
• Meet with departmental managers and Finance peers to identify opportunities to improve the processes used at month-end

Personal Management

Personal development

• Gain more knowledge of the function by covering for peers
• Setting demanding KPI’s in agreement with manager and achieving them

Education

• Bachelors’ degree/or Qualified Accountant with ACCA, CIMA.
•  Computer training

Experience

•  At least 6 to 8 years’ experience in similar position or other manufacturing concern
•  Quantitative and analytical skills
• Knowledge of chart of accounts and effect
• Excellent communication skills
• Knowledge of ERP/Spreadsheets/
•  PowerPoint

Personal Skills & Qualities

• Organized
• Good teamwork
• Autonomy
• Adaptability and reliability
• Minimum supervision
• Supervisory skills