Job Description
Responsibilities
Strategic Responsibilities
- Provide strategic management of the finance function.
- Establish and oversee the accounting policies, procedures and internal controls for the company, including but not limited to revenue recognition, cash management and controls, expense approval authorities, depreciation schedules, etc.
- Oversee the reporting of company financial activity to tax authorities.
- Facilitate organisational accountability and transparency, while providing strategic leadership.
- Set up a budgeting process for the company, and work with business heads to prepare budgets, report results, analyse variance and initiate corrective actions.
- Work with the CEO to analyse organisation operations, and to identify opportunities for improvement, cost reduction, and systems enhancement.
- Provide analysis, insight and advice on financial performance to the CEO and business unit leaders for sound decision-making for the company.
- Work with the CEO and the Human Resources Manager on financial management and oversight of employee benefit and compensation plans.
Operational Responsibilities
- Support in the development and articulation of financial strategy for the company’s business growth plans.
- Monitor and improve operation costs, profitability and manage business risks.
- Ensure compliance with statutory authority and audit requirements including FIRS.
- Prepare and review annual budgets, monthly forecasts and operating results.
- Identify and research appropriate investment opportunities for the Company that maximises the returns whilst complying with our liquidity requirements.
- Develop the forecasting models (P&L, Balance Sheet and Cashflow)
- Prepare monthly accounts (P&L, Cash flow statements and balance sheet)
- Co-ordinate and prepare annual budgets, including operating and capital expenditure budgets.
- Ensure all company assets are monitored and accurately accounted for.
- Liaise with external advisors during the preparation of statutory financial information
- Preparation of annual statutory accounts.
- Preparation of tax computations (VAT and Company Tax).
- Prepare payroll figures and manage insurance.
- Review company internal controls.
- Actively identify and research new opportunities to reduce costs for the Company
- Actively participate in senior-level meetings/discussions, potentially related to long-term financial plans, and strategy development for various projects.
- Evaluate, develop and implement financial and cash management systems to optimize efficiencies.
- Assist with profit improvement opportunities for the restaurant operations.
Requirements
- Minimum of first degree in Accounting, Finance, Economics or any related field. A Master’s degree is an added advantage.
- Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent is mandatory.
- Minimum of 8 years cognate experience, with at least four years’ experience in a similar role in the hospitality sector.
- Good knowledge of Financial management, Cash Flow management, Management Accounting, Financial performance reporting, Financial planning, Risk management