Finance Officer (Budget, Payable & Cost Control)

TMHS Group Limited is local registered company dealing with providing Emergency Medical Services, Health Solutions, Remote Medicals, Waste and Environmental Management, Safety Solutions, and Medical Supplies Services. Currently, it is looking for a Finance Officer who is self-motivated, committed, result-driven, and result-driven to work with the company in the Finance department

Job Title                : Finance Officer (Budget, Payable & Cost Control)

Department           : Finance Department

Reports to              : Finance Manager

Required Qualifications

• Degree in accounting, finance, business administration, taxation, or any related field
• Minimum of 3 years of experience in budget, cost control, and payable
• Must be a Tanzanian
• Must   be fluent in writing and speaking the English language
• Ability to use Microsoft Excel and other accounting software packages such as QuickBooks, Tally, or ERP systems
• Applicants should have a high level of discipline, communicative and interpersonal skills, analytical, innovative problem-solving skills, and time-management skills.

Responsibilities

• Assisting in formulating, analyzing, verifying, and consolidating the draft of the budget proposals; in this respect, conducting financial analysis and providing proposals to improve efficiency and reduce costs across the Company;
• Assisting in monitoring the approved budget on a continuous basis and participating in the preparation of relevant financial reports;
• Preparing budget forecast and ensuring its consistency with planned recruitment, procurement, and operational decisions;
• Controlling funds availability and preparing detailed expenditure and budget statements with an appropriate financial analysis.
• Ensuring that all expenditures are recorded in line with financial rules and regulations of the Organization and approved budget structure is applied in a correct and consistent manner;
• Drafting correspondence and responding to queries on budget-related issues as required, as well as preparing replies to internal and external audit observations relating to the area of responsibility;

PAYABLE TASKS

• Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
• Reconciling processed work by verifying entries and comparing system reports to balances
• Maintaining historical records
• Paying employees by verifying expense reports and preparing paychecks
• Paying vendors by scheduling paychecks and ensuring payment is received for outstanding credit
• Responding to vendor enquiries regarding finance
• Preparing analyses of accounts and producing monthly reports
• Continuing to improve the payment process

COST CONTROL TASKS

• To monitor the operational budget in business activity in the company, based on the regular budget that has been approved.
• To review and monitor the company's financial routine expenditure based on the existing policy by making comparisons between the budget that has been created and the actual costs incurred to minimize the cost of variances.
• To manage company costs by monitoring the company budget that has been made with the financial condition of the company, so all costs can be registered and give an informative report.
• To evaluate all project costs that have been used, so the company can ensure project effectiveness and activities in accordance with the objective of the company's business.
• To facilitate the preparation of an economic analysis of the financial model by doing and give relevant advice on fees to support company decision-making.
• To monitor and review the agreement for each project conducted by any department to ensure agreement in accordance with prevailing policy in the Department of Finance & Accounting.