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Posted: 1 September 2021
Location: Mogadishu, Somalia
Posted: 1 September 2021
Location: Mogadishu, Somalia
Posted: 1 September 2021
Location: Mogadishu, Somalia

Head of Finance

Posted: 1 September 2021
Deadline Category Location Employment Experience Education Salary Employer
1 October 2021 Administration/Finance Mogadishu, Somalia Full Time Idman Community Bank
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About Company :


Job Responsibilities:

Title: Head of Finance

Institutions: Idman Community Bank

Location: Mogadishu-Somalia

Salary: Competitive

Key Duties and Responsibilities:

  1. Monitor the day-to-day financial operations within the company, such as payroll, invoicing,

and other transactions

  1. Oversee operations of the finance department set goals and objectives, and design a

framework for these to be met by employees, including financial assistants and accountants

  1. Track the company’s financial status and performance to identify areas for potential


  1. Seek out methods for minimizing financial risk to the company and conduct reviews and

evaluations for cost-reduction opportunities.

  1. Research and analyze financial reports and market trends
  2. Provide insightful information and expectations to senior executives to aid in long-term and

short-term decision making

  1. Present financial reports to board members, stakeholders, executives, and clients in formal


  1. Stay up to date with technological advances and accounting software to be used for financial


  1. Analyze costs, pricing, variable contributions, sales results and the company’s actual

performance compared to the business plans and manage the preparation of the company’s


  1. Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
  2. Manage a team of financial analysts who develop financial and valuation models, materials,

and recommendations by conducting comprehensive financial analyses and utilizing

appropriate valuation methods executive decision-making

  1. Coordinate strategic financial plan process for both the client and corporate, including

expenses, income, insurance coverage, objectives, tax status, risk tolerance, or other elements

to build a strategy

  1. Focus on all daily and month-end accounting procedures for the account results, including

P&L activity (management fees, fee splits, gross-up entries, etc.), balance sheet activity

(deferrals, accruals); accounts receivable /cash application


 BS/MA degree in Finance, Accounting or Economics

 Professional qualification in CPA will be considered a plus

 Proven experience as a Financial Manager in a bank or a financial institution.

 Experience in the financial sector with previous possible roles such as financial analyst

 Computer skills, particularly with Excel spreadsheets and calculation software.

 Strong interpersonal, communication and presentation skills


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