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