Job Description
Responsibilities:
Financial Reporting and Analysis
- Prepare accurate and timely financial statements, reports, and forecasts to support decision-making and ensure compliance with internal and regulatory standards.
- Analyze financial data to identify trends, variances, and opportunities for cost optimization or revenue growth.
Budgeting and Cost Control
- Assist in the preparation and management of annual budgets, ensuring alignment with organizational goals and financial targets.
- Monitor and control operational and project costs, ensuring adherence to budget constraints and identifying cost-saving initiatives.
Compliance and Regulatory Adherence
- Ensure all financial activities comply with local regulations, corporate policies, and industry standards.
- Coordinate with external auditors for timely and accurate audits, addressing any discrepancies or issues identified.
Accounts Management
- Manage accounts payable and receivable, ensuring timely and accurate processing of invoices, payments, and receipts.
- Reconcile accounts and resolve any discrepancies, ensuring financial data integrity.
Cash Flow Management
- Monitor cash flow and manage liquidity, ensuring that the company maintains sufficient funds for day-to-day operations.
- Support the management of bank relationships and financing arrangements to optimize cash flow.
- Financial Forecasting and Budget Reporting
- Assist in creating financial forecasts based on current and future business activities, ensuring the accuracy of projected revenues and expenditures.
- Provide detailed reports to senior management on financial performance, highlighting key metrics and suggesting corrective actions when necessary.
Tax:
- Calculate and Oversee tax liabilities in relation to CIT, EDT, WHT, VAT and PAYE.
- Liaise with the relevant tax authorities and attend meetings when required.
Requirements:
- Strong understanding of financial accounting, reporting, and budgeting principles.
- Minimum of 7 years’ experience in similar role.
- Familiarity with Nigerian tax laws, regulations, and compliance requirements.
- Proven experience in financial accounting, reporting, and cost management, preferably in a similar industry.
- Experience with audits, budgeting, and cash flow management.
- Previous experience collaborating with cross-functional teams (Sales, Operations, Procurement).
- Strong analytical and problem-solving abilities.
- Excellent attention to detail and accuracy in financial data management.
- Ability to manage time effectively, prioritize tasks, and meet deadlines.
- Strong communication and interpersonal skills for collaboration and reporting.
- Proficient in financial reporting and software tools.
- Advanced proficiency in Excel is essential, including skills in data analysis, financial modelling, pivot tables, and complex formulas, alongside familiarity with financial software and systems such as ERP.