Accounting & Finance Manager


HV Group is recruiting an Accounting & Finance Manager.

Main Purpose:

The Accounting and Finance Manager will be accountable for the overall accounting, finance, and statutory related activities for the assigned manufacturing entities and/or unit(s) in Madagascar. He/she will be responsible to provide timely and reliable financial information and business support to assist strategic and operational decision making.

The job holder will operationally report to the General Manager, Madagascar Chief Operation Officer and will functionally report to the Chief Finance Officer and/or any other person as assigned by Management.

Key duties and responsibilities:


  • Lead, mentor & coach the accounting & finance team while driving high levels of engagement.
  • Establish mechanism to ensure optimum utilization of resources by actively delegating tasks.
  • Drive performance culture with key objectives, periodic reviews, and performance appraisals.
  • Develop team members through appropriate trainings (70:20:10 rule) and by encouraging employees to maintain a personal development plan (PDP).
  • Address any poor performance by working closely with HR function.
  • Succession plannin

Strategy and Business Performance:

  • Act as a business partner to the management, shareholders, and board members by proactively supporting them to improve the business performance.
  • Actively support management in developing strategy, business plans, financial models, budget and forecast and actively monitor variance against actual performance.
  • Take the lead in active implementation of strategy and business plan, including hosting periodic meetings to review progress on agreed actions and development.
  • Initiate a performance culture by challenging the status quo, hosting periodic performance meetings, and following up on open actions to (over)deliver.
  • Ensure mechanism in place by working closely with various functions to support business managers in their decision making (e.g., power BI tool, periodic dashboards, etc.)

Finance and Accounting:

  • Maintain our license to operate by closely working with the relevant functions (e.g., renewal of trade license, payment of annual registration fees, etc.) and protect the reputation of the Group.
  • Ensure timely and accurate bookkeeping in accordance with relevant accounting standards.
  • Ensure timely, complete, and reliable management and statutory accounts supported with appropriate reconciliations in line with relevant guidelines (Group and Statutory).
  • Ensure all relevant statutory filings (NAPSA, statutory accounts, etc.) are completed in accordance with relevant acts and authorities’ guidelines.
  • Monitor the company’s treasury position and propose necessary actions to keep a going concern.
  • Actively monitor cash flow and drive working capital improvements through initiatives amongst others stock ageing, debtors follow up and credits from suppliers.
  • Lead efforts in cost optimization and tax optimization.
  • Maintain a decent Company Debt Equity Ratio.
  • Manage FOREX and ensure optimal deals benefiting the Group where relevant.

Projects or New line of production:

  • Perform preliminary assessments of strategic projects in coordination with FP&A support from the Group.
  • Responsible to ensure the project pipeline is populated periodically, and that proper prioritization is taking place through active discussion with key stakeholders.
  • Responsible to coordinate with cross functions to ensure operational readiness of new companies, line of productions, projects (e.g., ERP set up, staff recruitments, SOPs, etc.)
  • Monitor return on capital employed, payback period, and other key metrics is in line with approved projects to ascertain actualization and raise concerns with proposed corrective measures to bring back project or financial benefits on the track.

Process Improvement and Internal Controls:

  • SOPs for all processes to be in place.
  • Establish and maintain proper accounting & finance processes and companywide controls (e.g., petty cash, PO processes, bank signatories, etc.).
  • Develop strategies to minimize financial, operational, and reputational risk as well as fraudulent behavior (e.g., fixed asset counts, stock counts, Fraud vulnerability assessments, etc.).
  • Innovate to increase customer satisfaction, market share & competitiveness (e.g., e-payments, e-invoicing, etc.)
  • Coordinate with the internal control and internal audit team to maintain a minimum set of controls.
  • Ensure that appropriate systems (e.g., ERP) are in place, upgraded when necessary and is in line with our business operations to increase efficiency, effectiveness, and segregation of duties.
  • Increase awareness of multiple compliance and control areas and implement preventive measures to minimize risks.

Stakeholders Management:

  • Liaise with Banks, external auditors, lawyers, authorities, and other relevant stakeholders to ensure minimum disruptions to our businesses.

Others, Ad-hoc and Projects:

  • Act and model in accordance with the Group Values.
  • Work closely with the legal team to follow up on legal cases in the best interests of HV Group.
  • Support and drive various initiatives as and when agreed with management.
  • External orientation to ensure best practice and continuous learning within the organization.
  • Propose, discuss, and validate with COO any business initiatives, risk mitigation and/or other matters which may benefit the organization over short, medium to long term, as and when required.

Candidate Profile


ACCA Qualified or equivalent.


  • Minimum 7 to 8 years with proven track record of progressive finance role
  • Minimum of 3 to 4 years’ experience in leading people.
  • Experience in Manufacturing sector preferred.

Generic Competencies:

  • Result oriented with strong performance management.
  • Change Ambassador, ability to say No and ability to challenge the status quo constructively.
  • Adaptability, resilience in a fast-changing environment and ability to move forward with ambiguity.
  • Ability to manage multiple situations simultaneously.
  • Good communication and presentation skills.
  • Ability to use Information Technology.
  • Ability to liaise with and influence difficult stakeholders.
  • Strategic and innovative thinker.
  • Business acumen.

Technical Competencies

  • Ability to drive, motivate and lead people.
  • Ability to understand Financial Statements, IFRS and translate numbers into storyboards.
  • Ability to construct and implement business plans, strategic initiatives, and budgets.
  • Ability to optimize working capital and liquidity.
  • Risk identification and management including maintaining an acceptable control environment.
  • Project and Investment management including mergers and acquisitions.
  • Ability to understand marginal costing, absorption costing and influence pricing mechanism.

Last date to apply: 27 November 2023

HV Group is an Equal Opportunity Employer and reserves the right to call only the best candidates for an interview.

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