Finance Manager at Powerex

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
10 months ago

Additional Details

Job ID
124700
Job Views
104

Job Description






Job Summary




  • The Finance Manager is responsible for overseeing the financial operations of the company, ensuring accuracy in financial reporting, compliance with regulatory requirements, and efficient management of financial resources. 

  • The role includes handling tax audits, financial planning, cash management, and accounts reconciliation to support the company’s financial health and strategic goals.



Responsibilities

Financial Management and Reporting:




  • Oversee financial reporting and ensure compliance with accounting standards.

  • Prepare monthly closure and management meeting reports.

  • Review and approve vouchers, stock requests, and cash management transactions.

  • Manage financial postings and processing on Sage (Melange and Powerex).

  • Conduct inventory stock analysis and receivable follow-ups with clients.

  • Analyze foreign sales reports for audit and management purposes.



Taxation and Audit Compliance:




  • Lead tax audits, respond to auditors’ queries, and ensure accurate tax filings (FIRS, and LIRS).

  • Oversee ITF annual returns and other statutory tax compliance requirements.

  • Coordinate meetings with regulatory bodies for tax assessments and compliance.



Cash Flow and Treasury Management:




  • Manage company cash flow, ensuring availability of funds for operations and investments.

  • Supervise FX bidding and purchase for foreign supplier payments.

  • Oversee loan documentation, interest calculations, and loan liquidation.



Strategic Financial Planning:




  • Support senior management in financial decision-making and strategy implementation.

  • Coordinate finance department operations and streamline financial processes.

  • Conduct financial reviews to optimize costs and improve profitability.

  • Develop and review job descriptions and SOPs for financial departments.



Stakeholder Engagement and Coordination:




  • Liaise with external consultants, banks, and auditors for financial assessments.

  • Facilitate payment follow-ups with key clients, suppliers, and partners.

  • Provide financial insights to support corporate decision-making.



Key Performance Indicator

Financial Performance & Reporting:




  • Timeliness of financial reports

  • Accuracy of financial forecasts

  • Cost Management and efficiency

  • Management of operating cost by implementing cost savings initiatives

  • Number of successful initiatives

  • Costs saved

  • Compliance rate with Financial Regulations

  • Number of issues identified during internal audits

  • Team management and development

  • Team productivity

  • Training and development sessions conducted

  • Contribution to business strategy

  • Level of financial insights provided.



Key Competencies and Skills:




  • Strong knowledge of financial reporting and accounting principles.

  • Expertise in tax laws, audits, and statutory compliance.

  • Proficiency in financial software, especially Sage

  • Excellent cash management and treasury operations skills.

  • Strong analytical and problem-solving abilities.

  • Effective leadership and team coordination skills.

  • Ability to handle financial negotiations and stakeholder engagements.

  • Support senior management in financial decision-making and strategy implementation.

  • Coordinate finance department operations and streamline financial processes.

  • Conduct financial reviews to optimize costs and improve profitability.

  • Develop and review job descriptions and SOPs for financial departments.



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