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Abet Labs

Abet Labs

Verified

Director Of Finance Position Open

Addis Ababa - Ethiopia Full-Time Permanent

Posted

7 months ago

Experience

8 / 9 years

Deadline

Closed

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.

Skills Required:

  • Accounting / Finance
  • Sales / Marketing / Business / Management

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