Finance Manager

Globeleq

Finance Manager at Globeleq overseeing financial reporting and compliance for local entities and projects in Zambia. Managing financial records, budgets, and treasury operations.

Posted 5/4/2026full-timeLusaka • 🇿🇲 ZambiaSeniorLeadWebsite

Tech Stack

Tools & technologies

ERP

About the role

Key responsibilities & impact

Manage the financial reporting for all local entities and project companies
Custodian of all financial records
Handle external and internal reporting
Oversee construction budget and reporting
Manage treasury and local tax reporting and compliance
Support local Business Development unit in finance tax related matters
Provide support in the preparation, construction and operation phases of projects
Other ad hoc finance related tasks

Requirements

What you’ll need

Projects under construction phase
Prepare a detailed construction budget and ensure the same is updated on a monthly basis capturing all the transactions.
Establish a Work Breakdown Structure to be uploaded in IFS (Globeleq’s ERP with all the cost elements as per the Financial Model with all the activities during the construction phase
Ensure that all transactions are recorded in the IFS during the construction phase and the monthly construction report issued from the system
Prepare the project report showing actual cash spent to date, cash forecasts and narrative in line with all project documents
Prepare and produce lender drawdown requests, in accordance with lending document requirements, to satisfy future forecast spending, and ensure debt is disbursed in time according to project needs
Manage and process all invoices due by the project company to external parties (including but not limited to the EPC contractor)
Manage all tax and custom duty processes related to the construction activities
Prepare all financial reporting to lenders and ensure that they are shared on time and with the required quality
Take the lead in the transition period from the construction phase into the operation phase and ensure that the work-in progress has been distributed correctly to form the fixed asset register.
In coordination with the construction and O&M team, ensure the project achieves project financial completion date under the financing agreements.
Financial reporting
Maintenance and responsibility for the accuracy and timeliness of the books and records, including general ledgers and any other reporting
Run month end closing routines as per the month end closing instructions for all the entities
Maintenance of the fixed asset ledgers for all the entities
Preparation and sign-off of annual audited accounts/financial statements preparation in accordance with IFRS/appropriate accounting standards
Liaison with lenders and auditors to ensure compliance with all filing requirements and assist in the resolution of new accounting issues
Ensure that the Group Procurement policies are adopted and applied at local level
Take ownership of the approved AOP budget and keep track of the business performance during the year tracking down any variances.
Be the custodian of the local Risk Register and ensure regular review of all the risk and mitigation strategies.
Ensure accurate invoices are issued monthly to ZESCO (or any other off-taker) and the same are posted in the system.
Financial systems
Ensure fully up to date general ledgers are maintained in the accounting system with no entries being recorded outside of the system.
Regular review of chart of accounts to ensure that each entity has the relevant GL to record transaction which are in line with the Group chart of accounts
Review and approve creation of new suppliers in the IFS system
Be the custodian of the local procurement procedures in line with the Group policies and ensure that adequate approval matrix is designed and uploaded in IFS for each entity
Lender reporting
Prepare all financial reporting to lenders, with the required quality, and share with lenders within the deadlines set in the financing agreements
Ensure that lenders are well updated on how the business is operating, invoicing and payments by the Buyer
In the instances where the project company requires waivers from the lenders, ensure that waiver letters are requested on time
Prepare cash flow statements and sensitivity analysis to assess timely repayment of the debt and meeting other obligations
Ensure that the project remains compliant with the requirements in the Lending documents at all times (including financial covenants). Ensure potential non-compliance is identified, remedies discussed and communicated well in advance
Internal Controls
Ensure that Globeleq accounting policies and procedures, as well as external reporting standards, are established and observed
Design a robust set of internal procedures and controls and ensure ongoing compliance
Take the lead to support the internal audit department in any of the tasks being performed in the country by ensuring that they receive all the relevant information on time.
Shareholder reporting
Monitor all Group reporting requirements, deadlines and status. This will include reporting of monthly actual and project forecast information through the man pack
Agreeing intercompany transactions with Globeleq Group and other related parties
Ensure monthly intercompany balance reconciliation takes place to address any unreconciling balances.
Provide respective financial models update with most recent actuals, budgets and post-budget period forecast.
Treasury planning and operations
Cash management responsibility, ensuring cash use is maximised for all the local entities and all lender covenant requirements are met
Process payments to suppliers in time and in accordance with project milestones and contractual arrangements for projects under construction
Timely cash reporting and forecasting
Maintain treasury banking relationships, including primary day- to-day interface with operational bank providers
Maintain bank accounts, master bank files, signatory listings
Monitor bank accounts for unusual/unauthorised activities and ensure all activities are recorded appropriately
Review of bank reconciliations
Tax Compliance
Working closely with the Group tax manager, manage all local tax issues for all the Zambian entities
Ensure tax compliance requirements are met, including preparing all corporation tax, VAT and WHT returns
Manage external tax advisors and coordinate advice as required
Manage the process of obtaining tax clearance certificates and any advanced rulings that are deemed necessary
Lead the response to all tax audits, liaising with local tax advisors as required
Other
Following up with ZESCO or any other off-taker(s) for payment of generation invoices
Leading any negotiations as required with ZESCO or any other offtaker(s) or the regulator in conjunction with the Managing Director
Company secretarial filings and other local administration matters
Ad hoc finance responsibilities as appropriate
Support the Business Development team in both financial and tax due diligence process for the new projects
Support the Business Development team in securing finance and/or tax certificates for the projects under development
Take a leading role in the country during the Annual Operating Process (AOP) and ensure that accurate and timely reports are prepared and shared on time for review Skills
Support in any potential post-COD discussions/negotiations with the EPC contractors and the offtakers including litigations, liquidated damages, amicable settlements.

Benefits

Comp & perks

Qualified accountant with appropriate construction or project management experience:
Minimum experience of 7-8 years as financial manager
Exposure and/or knowledge of the energy or infrastructure industry, project finance and/or public private partnerships is required
Successful understanding of detailed project documentation. Strong knowledge and familiarity with the critical aspects of major project agreements such as Power Purchase Agreements, Engineering Procurement & Construction contract, Financing Agreements and their interrelationships to each other is desirable
Strong network within the Zambian energy sector is a plus.
Treasury experience in preparing cash reports and drawdowns under facility documents
Detailed accounting/reporting knowledge with experience of all aspects of financial accounting and tax
Ability to travel internationally for short periods
Advanced Microsoft Excel skills, Proficient knowledge of Microsoft Word and Power Point

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Hard Skills & Tools

financial reportingconstruction budget managementtax compliancecash flow statementsfinancial modelinginternal controlsgeneral ledger maintenanceinvoice processingIFRSfinancial statement preparation

Soft Skills

leadershipcommunicationorganizational skillsnegotiationproblem-solvingattention to detailcollaborationtime managementadaptabilitystakeholder management

Certifications

CPAACCACMACFAIFRS certificationtax compliance certificationfinancial modeling certificationproject management certificationinternal audit certificationfinancial analysis certification