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.