FINANCE DIRECTOR – Zimbabwe Power Company (ZPC) 120 views

VACANCY

Zimbabwe Power Company (ZPC) a subs id iary of ZESA HOLDINGS is the leading generator of electrical energy in Zimbabwe and supplies the bulk of the nation’s electrical power requirements from its five power stations. The Company is inviting applications from suitably qualified and motivated candidates to fill the following position that has fallen vacant at ZPC Head Office.

POST: FINANCE DIRECTOR (FIXED TERM CONTRACT)
REF: ZPCH010/01/23
THE POSITION x(1)
This is a position reporting to the Managing Director at ZPC Head Office. The position directs and guides the overall finance function of the Company in line with the Company’s Strategic and Business Plans, International Accounting Standards and Statutory requirements.

Qualifications and Experience
• Degree in Accountancy or equivalent
• Post Graduate Qualification such as MBA/ MBL or equivalent
• Full membership of a recognized and relevant professional institution
• At least 10 years post-graduate relevant experience of which 8 years should be at Senior Management level

Key Performance Areas
• Formulates ZPC Corporate Strategy together with other Directors
• Formulates financial targets & Budgets in accordance with the strategy determined by the Board.
• Directs the reviews of business and programme plans in line with business trends.
• Manages all operations relating to financial management and reporting of ZPC that is overseeing the preparation of the annual financial statements and ensures that the statements fully comply with IFRS.
• Responsible for the development of the Capital Raising Strategy and monitoring of Capital Projects budgets.
• Monitors capital expenditure for compliance with approved expenditure and corporate policy and procedure.
• Focuses on tax activities of ZPC and ensures that all regulatory requirements of all statutory bodies are met. E.g. ZIMRA, NSSA
• Responsible for formulating all financial targets and budgets in accordance with the strategy determined by the Board.
• Consolidates annual financial forecasts in terms of gross revenues and expenses in line with the organization’s strategic plans.
• Responsible for monitoring actual performance against budgets or targets, calculating variances, obtaining explanations for variances and recommending corrective action for deviations.
• Defines performance requirements and standards for the ZPC Finance Department so as to ensure achievement of Company Objectives.