Website Imara Horizon Company Limited (IHC)
Imara Horizon Company Limited (IHC)
- Role Purpose
The Finance Officer is responsible for end-to-end financial control, cash management, budgeting, forecasting, statutory compliance, and enforcement of financial discipline across all business lines of Imara Horizon Company Limited (IHC).
The role exists to:
- Protect and grow cash resources
- Ensure timely servicing of the CRDB loan
- Maintain financial credibility with banks, auditors, regulators, and the Board
- Ensure 100% real-time financial visibility through QuickBooks
This is a cash-first, system-driven finance role, not a manual accounting role.
- Reporting Line
- Reports to:Chief Executive Officer (CEO)
- Functional reporting to: Finance, Audit & Administration Committee (FAAC)
- Scope of the Role (Business Coverage)
The Finance Officer oversees the overall financial management including investments of IHC. This role covers all IHC business lines, Including; Real Estate (Mkapa Health Plaza), Imara Life Care (ILC), Medical Consumables & Supplies, International Labour Recruitment, Training, Consultancy & Other Services
- Key responsibilities:
The finance officer shall be responsible for the following:
4.1. Financial Systems Ownership and Utilization
- Own and enforce 100% use of QuickBooks as the official accounting system
- Ensure all financial transactions are recorded in real-time (no backlog)
- Maintain an accurate chart of accounts aligned to IHC business lines
- Perform monthly bank reconciliations
- Ensure timely generation and release of financial reports
4.2. Budgeting, Forecasting & Financial Planning
- Prepare and manage annual budgets for IHC and each business line
- Develop and maintain rolling cash flow forecasts in QuickBooks
- Track actual perfomance against budget and forecasts
- Identify variances early and recommend corrective actions
- Support scenario planning aligned with Bank commitments
4.3. Cash Management & Bank Liabilities Readiness
- Ensure sufficient cash reserves to meet Bank loan obligations
- Monitor daily and weekly cash positions using Qickbooks
- Align cash planning with the Bank restructuring proposal
- Enforce payment prioritization in the sequence of Bank loan, Statutory obligations and Critical operations
- Prepare bank-required financial reports
Primary test: Bank payments are never delayed or unexpected.
4.4. CAPEX & OPEX Management
- Track and control all CAPEX and OPEX in QuickBooks
- Ensure spending aligns with approved budgets
- Record assets accurately and track depreciation
- Prevent unauthorized or unbudgeted expenditure
4.5. Revenue Assurance, Invoicing & Collections
- Ensure all invoicing is processed through QuickBooks
- Monitor accounts receivable in real time
- Produce and analyze aging reports
- Follow up on overdue payments in coordination with operations
- Reduce cash collection cycles and revenue leakage
4.6. Payments, Salaries & Petty Cash
- Process supplier payments and staff reimbursements
- Prepare and execute payroll accurately and on time
- Manage petty cash and record all transactions in QuickBooks
- Ensure all payments are fully approved and documented
4.7. Procurement & Policy Compliance
- Enforce compliance with Finance and Procurement Policies
- Ensure procurement transactions are budgeted and approved
- Verify vendor details and payment accuracy
- Block non-compliant transactions
4.8. Statutory Compliance & Regulatory Reporting
- Ensure full compliance with all statutory obligations:
- TRA (VAT, PAYE, Corporate Tax, Withholding)
- NSSF, NHIF, SDL, and other statutory bodies
- Record all statutory obligations and payments in QuickBooks
- File statutory returns accurately and on time
- Prevent penalties, interest, and compliance risks
4.9. Audits & Financial Reporting
- Prepare monthly, quarterly and annual financial reports
- Support internal and external audits
- Resolve audit queries promptly
- Maintain audit-ready documentation
4.10. Investment Tracking & Returns Monitoring
- Track investments and projects in QuickBooks or linked schedules
- Monitor performance against expected returns
- Managing all financing facilities and its returns to ensure value is attained.
- Report ROI, variances, and underperformance
- Support management decisions on capital allocate on
4.11. Governance, Controls & Risk Management
- Maintain strong internal financial controls
- Identify financial risks early and escalate appropriately
- Support Board and FAAC financial oversight
- Ensure segregation of duties where applicable
- Key Performance Indicators (KPIs)
- System Discipline – QuickBooks (25%)
- 100% of transactions recorded
- No posting backlog beyond 48 hours
- Timely Monthly bank reconciliations
- Clean audit trails
- Cash & Loan Discipline (25%)
- 100% on-time CRDB loan payments
- Cash reserve thresholds maintained
- Cash forecast accuracy within ±10%
- Budget & Cost Control (20%)
- Controlled budget variances
- Accurate CAPEX and OPEX tracking
- Zero unauthorized spending incidents
- Revenue & Receivables (15%)
- Accurate and timely Invoincing
- Reduction in overdue receivables
- Improved cash conversion cycle
- Compliance & Reporting (15%)
- Zero statutory penalties
- 100% on-time statutory filings
- Timely management and Board reporting
- Key Deliverables
- Live and accurate QuickBooks system
- Monthly management accounts
- Rolling cash flow forecasts
- CRDB payment readiness reports
- Statutory compliance schedules and filings
- Accounts receivable aging reports
- CAPEX and OPEX tracking reports
- Audit support documentation
- Authority & Limits
- Authority to enforce financial policies and controls
- Authority to block or delay non-compliant payments
- Authority to escalate financial risks directly to CEO and FAAC
- No authority to approve unbudgeted expenditure
How to Apply :
Submit your CV to: grace.mwase@novalux.africa
The email Subject should be: Application for Finance Officer Position
This is an urgent Hiring, so apply as soon as possible.
To apply for this job email your details to grace.mwase@novalux.africa