Senior Cost Controller

Company Background

Pagumen Tour and Travel Share Company established with a total capital investment of 4 million USD by innovative entrepreneurs who want to transform the Ethiopian tourism sector. Pagumen is going to be one of the largest tours and travel operation business in Ethiopia. It aims to be state of the art and world standard company, to satisfy customers by providing high standard services with more value for money. The company currently provides the following services specifically: -

• Tour Operation
• Ticketing Agent
• Car Rental and Transportation
• Event management and commissioning services and
• Trading

The company would like to invite highly competent, motivated and qualified candidates to apply for the following position:

1. Job Title: Finance and Investment Manager

Duty Station: Addis Ababa, Head Office 
Employment Type: Full-Time

Salary: Negotiable

Job Purpose

The Finance & Investment plays a pivotal role in shaping a company’s financial strategy and ensuring long-term stability. This leadership position involves overseeing budgeting, forecasting, and investment planning to optimize financial performance. By carefully analyzing market trends and economic risks, they help organizations make informed decisions that drive growth.

Beyond managing financial operations, the manager of finance also ensures compliance with regulatory standards and implements policies to safeguard company assets. They work closely with executives and stakeholders to align financial goals, fostering a culture of transparency and accountability.

Key Responsibilities

1. Financial Planning and Strategy

A finance & investment Manager is responsible for developing long-term financial strategies that align with business goals and drive profitability. They analyze market trends, company performance, and economic conditions to create financial plans that ensure sustainable growth. By setting clear objectives and financial targets, they help organizations stay competitive and financially stable.

They also collaborate with executive leadership to align financial strategies with broader business initiatives. Their role involves forecasting potential risks, identifying new revenue streams, and ensuring optimal resource allocation. By continuously refining financial strategies, they support business expansion and long-term success.

1. Budgeting and Forecasting

The finance & Investment Manager oversees the budgeting process, ensuring that all departments operate within financial limits while meeting business objectives. They develop comprehensive financial models that forecast revenue, expenses, and profitability to guide strategic decision-making. By implementing accurate budgeting processes, they help maintain financial stability and growth.

Regular forecasting allows them to adjust financial plans based on market trends and company performance. They analyze past financial data, predict future outcomes, and provide recommendations to optimize spending. Through detailed financial oversight, they ensure that businesses remain agile and prepared for economic fluctuations.

1. Risk Management and Compliance

Managing financial risk is a key responsibility of the finance manager, as they identify potential threats that could impact company stability. They assess risks related to investments, cash flow, and market conditions to implement proactive mitigation strategies. By developing strong internal controls, they protect company assets and ensure financial security.

Compliance is equally important, as it ensures the organization adheres to financial regulations and reporting standards. They stay updated on tax laws, industry regulations, and corporate governance policies to avoid legal penalties. By enforcing strict compliance measures, they safeguard the company’s reputation and financial integrity. 

1. Financial Reporting and Analysis

A Finance & Investment is accountable for producing accurate financial reports that provide insights into company performance. They oversee the preparation of balance sheets, income statements, and cash flow reports to ensure transparency. By delivering detailed financial analysis, they support data-driven decision-making for executives and stakeholders.

Beyond reporting, they analyze financial trends to identify areas for improvement and cost-saving opportunities. They track key performance indicators (KPIs) and present recommendations that enhance financial efficiency. Through consistent monitoring and reporting, they help businesses achieve financial health and operational success.

1. Cash Flow Management

Maintaining a healthy cash flow is essential for business stability, and the manager of finance ensures there are sufficient funds for daily operations. They monitor cash inflows and outflows, optimizing working capital to prevent liquidity issues. By managing receivables, payables, and investments efficiently, they ensure smooth financial operations.

They also implement strategies to improve cash flow, such as renegotiating supplier terms or optimizing debt management. By forecasting cash flow trends, they help prevent shortfalls and ensure financial agility. Effective cash flow management allows companies to invest in growth opportunities while maintaining financial stability.

1. Business Growth and Innovation

The Finance & Investment plays a key role in driving business growth by identifying new financial opportunities. They assess potential markets, investment trends, and revenue streams to expand company operations. By leveraging financial insights, they help businesses capitalize on emerging opportunities.

Salary Range (65,000 To 80,000 ETB)
Location: Addis Ababa, Ethiopia
Reports to: Chief Executive Officer
Employment Type: Full-time

The Opportunity

As Finance Manager, you will be responsible for ensuring effective financial management, reliable accounting, sound cash planning and robust financial controls across Frontieri's operations. The role combines strategic financial planning with hands-on oversight in a project-based consulting business.

You will work closely with business development, technical and delivery teams, People and Operations, and country office colleagues to ensure that financial decisions support the firm's operational priorities and business objectives.

Your responsibilities will extend from project costing and pricing through project delivery, financial reporting, invoicing and collection. You will also oversee the firm's administrative costs, payroll, treasury, assets and statutory finance activities. You will lead the effective implementation and continuous improvement of the Finance Operating Model, strengthen the capacity of the Finance team, and ensure that financial information supports timely and informed management decisions.

What You Will Lead

• Financial Planning and Advice: Develop annual budgets and rolling forecasts that integrate project demand, staffing requirements, corporate costs and anticipated revenue. Analyze financial performance, identify risks and opportunities, and provide timely financial advice and recommendations to management.
• Costing and Commercial Control: Oversee project costing and pricing within the firm's approval framework. Review project delivery assumptions, cost structures, profit margins and payment terms, and provide financial assessments before contractual and commercial commitments are made.
• Project Financial Management: Work closely with project directors and delivery teams to establish and maintain project budgets, monitor actual and committed costs, forecast project completion costs, and identify and address potential budget overruns and financial risks.
• Revenue and Working Capital Management: Ensure accurate revenue recognition and proper management of client receivables. Oversee invoicing and collection processes, maintain cash flow forecasts, monitor working capital requirements, and recommend appropriate funding and payment management strategies.
• Accounting and Financial Reporting: Ensure accurate and timely accounting records, bank and balance sheet reconciliations, monthly and annual financial statements, tax reporting, statutory compliance and audit coordination across the firm's relevant operations.
• Corporate and Field Finance Management: Oversee payroll and payment controls, staff advances, payments to consultants and fieldworkers, administrative expenditures, asset management and other corporate financial commitments. Ensure that expenditures are properly authorized, documented and aligned with operational requirements.
• Financial Controls and Compliance: Establish, implement and monitor effective internal financial controls, financial policies and procedures, risk management measures and appropriate segregation of financial duties. Ensure compliance with applicable financial regulations, tax requirements and accounting standards.
• People and Systems Management: Lead, supervise and develop the Finance team, strengthen financial management systems and processes, improve financial reporting practices, clarify roles and responsibilities, and promote accountability and efficiency within the Finance function.
• Success in this role will be reflected in reliable financial information, timely financial reporting, disciplined project and corporate financial management, effective cash flow management, and a Finance function that enables efficient organizational and project delivery while maintaining strong financial governance and professional standards.

About WHEELOL CAR RENTALS PLC

WHEELOL CAR RENTALS PLC is an Ethiopian car rental and transportation service provider committed to delivering reliable, flexible, and customer-focused vehicle rental solutions. The company provides car rental with drivers, corporate vehicle services, short-term and long-term vehicle rental, and regional and field transportation services.

WHEELOL serves corporate organizations, consulting firms, development organizations, and other institutional clients, supporting their transportation and field-operation requirements across Ethiopia. Our vision is to become one of Ethiopia's leading car rental service providers without compromising reliability and customer satisfaction.

Job Purpose

WHEELOL CAR RENTALS PLC is seeking a qualified, experienced, and results-oriented Senior Accountant to oversee the company's financial operations. The successful candidate will maintain accurate financial records, prepare financial statements, manage tax obligations, monitor cash flow, strengthen internal controls, and ensure compliance with applicable Ethiopian financial and tax requirements. The role will also support management in budgeting, financial planning, cost control, and strategic decision-making.

Roles and Responsibilities

A. Financial Management and Accounting

• Manage and oversee daily accounting and financial transactions.
• Maintain accurate, complete, and up-to-date financial records.
• Review and verify payment requests, invoices, receipts, and supporting documents.
• Ensure proper recording and classification of financial transactions.
• Prepare monthly, quarterly, and annual financial statements.
• Manage accounts payable and accounts receivable.

B. Tax Management and Compliance

• Prepare and submit tax declarations and supporting documents within required deadlines.
• Manage VAT, withholding tax, income tax, and other applicable tax obligations.
• Ensure compliance with applicable Ethiopian tax laws and regulations.
• Prepare documentation for tax assessments and audits and coordinate with relevant authorities.

C. Budgeting and Cost Control

• Prepare and monitor annual and operational budgets.
• Monitor departmental expenditure against approved budgets.
• Analyze operating costs and identify opportunities to improve cost efficiency.
• Monitor vehicle-related expenses, including fuel, maintenance, repairs, and driver costs.
• Support financial forecasting and business planning.

D. Teamwork and Management Support

• Coordinate financial activities with other departments.
• Supervise and guide junior accounting or finance staff, where applicable.
• Provide reliable financial advice and information to management.
• Maintain confidentiality and professional integrity in handling financial information.