• Application Deadline:
• Position: Head of Finance



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 5 years



• Location Lagos




• City Ikeja , Maryland




• Job Field Finance / Accounting / Audit 
  
  

Job Summary

• The Head of Finance is responsible for overseeing all financial activities of the organization, ensuring the effective management of financial resources, and providing strategic financial guidance to support the company’s long-term objectives.


• The role involves leading the finance team, managing financial planning and analysis, budgeting.

Responsibilities

Financial Reporting & Analysis:

• Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget); and Weekly cash flow forecast.


• Preparation of month-end, quarter-end, and year-end financial statements.


• Review all month-end closing activities including general ledger maintenance, balance sheet reconciliation, and corporate/overhead cost allocation.


• Enhance and implement financial and accounting systems, processes, tools, and control systems.


• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.


• Oversee payment approvals and authorizations.


• Ensure checks and balances in payroll activities before salaries are processed and disbursed.


• Maintains financial security by following internal controls.


• Preparation of Monthly Performance Report

Finance, Accounts and Treasury Operations Operating Plan:

• Resource allocation and responsibilities


• Bookkeeping & Accounts


• Financial control and management reporting


• Revenue Assurance


• Treasury Operations and Asset & Liability Management Framework


• Operational software requirements


• Budgeting process


• Fixed assets


• Audit and tax planning.


• Statutory Returns and Remittances

Regulatory returns/filings:

• Preparation and Statutory Filing to all Regulators - CAC, FIRS, LIRS


• Supervision of Payroll payment process - PAYE, Pensions

Financial Planning and Analysis:

• Summarizes current financial status by collecting information, and preparing balance sheets, profit and loss statements, and other reports.


• Develop and execute analysis of various business initiatives (e.g., expansion, asset acquisition).


• Develop and maintain capital and expenditure budgets.


• Assist in the development of financial planning and analysis exercises/reports.


• Reconciles financial discrepancies by collecting and analyzing account information.


• Ensure that all Transactions are settled as at when due.


• Oversee cash flow planning and ensure availability of funds as needed.

Budgeting:

• Updated budget for management approval


• Divisional run rates


• Approve budgets and manage spending relative to those budgets.

Cash Management:

• Oversee weekly cash management and approve weekly payables.


• Execute cheque signing & Online payment approvals.


• Check Petty Cash and Impress disbursement and ensure necessary approvals and authorizations are obtained before cash is disbursed.


• Carry out other assignments as may be required from time to time.

Other responsibilities include:

• Perform risk management by analyzing the organization’s liabilities and investments


• Decide on investment strategies by considering cash and liquidity risks


• Control and evaluate the organization’s liquidity plans and capital structure


• Ensure cash flow is appropriate for the organization’s operations


• Supervise all finance personnel (account managers, treasurers, etc.)


• Manage vendor relationships


• Prepare reliable current and forecasting reports


• Ensure compliance with the law and company’s policies


• Manage a team of account managers and financial analysts

Requirements

• B.Sc in Accounting or a related course is preferred


• Must have at least 5 years of experience in a Finance or Accounting role


• The ideal candidate should possess anICAN /ACCA/CFA/CPA or CIMA certification


• Female prefered for gender balance.