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Position Title: Director Of Finance
Employer: Abet Labs
Employment: Full-Time | Permanent
Place of Work: Addis Ababa - Ethiopia
Posted date: 5 months ago
Deadline: Submission date is over
Key Responsibilities:
- Provide consolidated financial oversight and reporting across a portfolio of businesses spanning export, manufacturing, logistics, and other sectors.
- Align financial systems and governance structures to support multi-sector growth and group-level efficiency.
- Develop and execute the company’s financial strategy aligned with export business goals.
- Oversee budgeting, forecasting, accounting, and financial reporting.
- Manage export-related financial operations, including Letters of Credit (LC), bank relationships, and international payments.
- Ensure compliance with all relevant financial, tax, trade, and export regulations.
- Monitor and optimize cash flow, cost control, profitability, and capital allocation.
- Prepare and present accurate financial statements and management reports.
- Lead annual audits and coordinate with external auditors, financial institutions, and regulatory bodies.
- Provide strategic financial advice to support pricing, market expansion, and investment decisions.
- Recruit, lead, and mentor the finance and accounting team to high performance.
Compliance & Regulatory Requirements:
- The Director of Finance will be expected to ensure compliance with (but not limited to) the following in Ethiopia:
Tax Compliance
- Corporate Income Tax (CIT) regulations, Withholding taxes (on services, royalties, etc.), Value-Added Tax (VAT) registration, collection, remittance, Personal Income Tax regulations for employees.
- Ethiopian Customs Authority regulations for export documentation, Export permits/licenses, phytosanitary or quality certificates (if applicable), Compliance with foreign currency repatriation and export proceeds regulations.
Accounting Standards & Reporting
- Ethiopian Generally Accepted Accounting Principles (GAAP) or IFRS (as required), Timely preparation of financial statements.
Audit & Assurance
- Statutory audits (annual audit by licensed external auditors), Filing of audited financial statements with regulatory authorities (e.g., Ministry of Trade, Ministry of Finance, or whichever agencies required).
Regulatory Bodies & Licensing
- Ethiopian Revenue and Customs Authority (ERCA), Authority for the regulation of exports and trade agencies.
Corporate Governance & Internal Controls
- Fraud prevention, risk management, internal control systems, Policies for ethics, anti-corruption, compliance.
Banking & Financial Institutions’ Requirements
- Maintaining relationships and compliance with commercial banks and export-credit agencies, Ensuring compliance with banking rules on foreign currency, letters of credit, guarantees.
Department: Finance & Administration
Reports To: Managing Director (MD)
Qualifications & Requirements:
- Bachelor’s or Master’s degree in Finance, Accounting, or Business Administration.
- CPA, ACCA, or equivalent professional finance/accounting certification strongly preferred.
- At least 9/8 years of progressive finance experience, with a minimum of 3/4 years in a senior management role.
- Direct experience with export finance, especially in the coffee or agricultural commodities sector.
- Strong knowledge of Ethiopia’s tax laws, customs/export regulations, foreign exchange laws, and trade compliance.
- Excellent leadership, communication, analytical, and decision-making skills.
- Proficiency with ERP systems, financial management software, and advanced reporting tools.
