• Application Deadline: Thu, 14 Jul 2022 00:00:00 GMT
• Position: Finance Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Responsibilities

Management:

• Overseeing financial activities relating to the Head Quarters, Regional Offices and Factory.


• Managing Finance personnel and outsourced functions related to financial activities


• Develop, implement, and maintain a documented system of accounting, internal control activities and general operational set of policies and procedures


• Preparing and presenting financial data and reporting to internal and external stakeholders


• Oversee operations of the finance department, set goals and objectives and manage finance team across different business units


• Ensure compliance with statutory laws and regulatory bodies

Funds Management:

• Forecast cash flow positions and/or finance needs and propose cash management options to CEO and Board of Directors


• Ensure sufficient availability of funds to meet ongoing operational and capital investment requirements


• Maintain and expand banking relationships to offer the best services to suit the company’s financial needs


• Manage trade finance requirements/instruments to fulfil business needs


• Monitor and manage receivables and credit limits


• Support the CEO on fundraising activities

Budgeting:

• Work with the CEO and management team during the quarterly budget cycle to develop the company's financial targets for the year and prepare budget presentation for management approval.


• Assist management in the formulation of its overall strategic direction.


• Prepare quarterly management report showing variances across the different financial and KPIs of the budget and demonstrate understand of the reasons for such variances.

Cost Management:

• Develop and determine appropriate cost-accounting methods for the company


• Advise the CEO and the Chief Operating Officer (COO) on costing systems and develop/establish appropriate systems for apportioning overhead costs to the various profit/cost centers accordingly


• Review and develop corporate expenditure structure with a view to suggesting areas where cost reduction can be made without affecting operations adversely

Financial Analysis:

• Engage in continuous pricing analysis to support different departments in strategic and purchasing decisions.


• Develop and review key financial and operational ratios to ensure profitable running of the business.


• Engage in ongoing cost reduction analysis in all areas of the company.


• Interpret the company's financial results to management and recommend improvement activities.


• Support the CAPEX approval process by preparing economic evaluation models showing Net Present Value (NPV) and Internal Rate of Return (IRR) based on a discounted cash flow analysis and establishment of realistic cost and revenue estimates that are in line with the market.


• Any other ad hoc financial activities

Qualifications

• B.Sc. in Accounting / Finance or any relevant field with a minimum of 10 years’ work experience in Finance, with demonstrated experience in financial analysis, treasury, team management and budgeting.


• Relevant professional qualifications (ACA, ACCA, CFA, etc)


• Must have worked in a similar capacity in Manufacturing, FMCG, Commercial/Retail, Agriculture, Logistics, or Hospitality.


• In depth knowledge of corporate financial law and risk management practices.


• Practical knowledge of financial analysis


• Proficient in the use of Microsoft Office and Financial Management Software.


• Excellent Business analysis, Project Management and Financial Management skills.

Remuneration

N500,000 - N600,000 Monthly.