Adecco is an International HR and Consultancy firm. Our client, a Private Equity Firm, specialized in high potential Mauritian SMEs and forming part of a major local conglomerate, is looking for a Finance Manager.

Our client, a Private Equity Firm, specialized in high potential Mauritian SMEs and forming part of a major local conglomerate, is looking for a Finance Manager.

Reporting to the CEO, the successful candidate will be two-fold, equally split between the following areas:

• Management and oversight of the accounting, reporting and financial functions of the Company
• Active participation in the private equity deal making process alongside the CEO and the investment team.

Main responsibilities:

Set-up the Finance function

• Design the system, infrastructure and processes to internalize the Finance function, currently outsourced to an external service provider.
• Manage the transition/migration process in a secure and confidential manner.

Accounting and financial reporting

• Maintain the general accounting system and records of the Company, whilst continuously ensuring compliance with Company policies, relevant accounting standards and other regulatory requirements.
• Prepare quarterly and annual financial statements.
• Ensure proper and timely filling of financial statements to the FSC and the Stock Exchange of Mauritius.
• Liaise with media/press companies for the publishing of abridged and final accounts.
• Undertake all other statutory fillings including but not limited to tax fillings.
• Overview external audit exercises.
• Undertake and/or oversee valuation of investments for accounting purposes.
• Oversee the payroll processing.
• Conception of the annual report and project managing the overall process.
• Prepare budgets, forecasts and long term financial plans.
• Conceive presentations to the Board of Directors on the financials of the Company.
• Fulfil all financial reporting requirements towards the Board of Directors and the finance department.
• Design and maintain an efficient internal control system and oversee the internal audit function.
• Liaise with brokers and other financial institutions as and when required.
• Represent the Company and/or attend Board meetings of investee companies.
• Edit and update the Investor Relations section of the Company website.

Investment monitoring

• Develop tools, dashboards and systems to ensure relevant financial indicators/KPIs are constantly available to Management of the Company.
• Ensure comprehensive, relevant and timely reporting streams from portfolio companies (including subsidiaries and associates)
• Analyse and flag investment portfolio financial performance issues and/or advise on remedial actions.

Risk management

• Design and maintain risk management tools/system and devise mitigating strategies for the Company.
• Develop risk management tools to monitor and flag issues with investee companies.

Working capital and treasury management

• Manage payments to creditors, bank transfers and bank reconciliations.
• Monitor and manage cash balances.
• Undertake short and long-term cash flow planning taking into consideration the working capital requirements of the Company as well as anticipated cash disbursements for investments.
• Monitor and manage short term money market investments of the Company.

Investment activities and participation in the private equity deal making process

• Contribute to the deal pipeline through deal origination, networking and business development initiatives
• Undertake financial feasibility studies for new investment projects
• Develop comprehensive financial models
• Conceive optimal investment structures / instruments for each investment opportunity
• Conduct valuation of potential target companies
• Conduct or oversee financial due diligence of investment targets
• Set-up or propose improvements on the accounting, finance and reporting functions of investeecompanies to match The Company’s investment standards
• Participate in, and coordinate legal advisors’ works on transactional documentation including: Term Sheets, Share Purchase Agreements, Shareholders Agreements, etc.
• Assist in portfolio management

Qualification:

• Holder of a university degree.
• Qualified accountant (ACCA, ACA or CPA).
• At least 5-year experience as Finance Manager/Controller within a large organization and/or as Auditor in a leading accounting firm
• A previous experience/involvement  in the transaction  advisory/private equity/investment sectors would be a critical advantage

Candidate profile:

• Proficient user of an accounting package
• Knowledge of all statutory and legal requirements of listed companies
• Advanced skills in Excel and other MS Office suite applications
• Proficiency in devising financing models/financial engineering
• Proven analytical skills and ability to think out of the box
• Comfortable interacting with Senior Management
• Demonstrated business acumen
• Ability to work under pressure and within tight deadlines
• Demonstrated organizational skills
• Flexibility, resilience and adaptability
• Detailed oriented and a having a ‘can do attitude’
• Strong interpersonal, written and oral communication skills in both English and French