Job Description
Key Role and Responsibilities
Budgeting and budgeting Control:
- Prepare annual budget for the company’s strategic focus
- Implement approved budget which involves budgetary control and cost management
- Evaluates the viability of a proposed investment project for management decision purposes
- Manages the company’s capital expenditure
- Analyses financial performance and contributes to medium and long-term business planning/forecasts
Management Reporting:
- Generates segmental performance report and profitability analysis
- Prepares periodic financial statements including profit and loss account, cash flows for management decision making
- Generates variance analysis and commentaries in respect to personnel cost, revenue and cost variance
- Generates annual statutory account in management accounting format
- Monitors and evaluates financial information systems and suggest improvements where needed
Policy:
- Responsible for establishing and maintaining financial policies
- Ensure compliance with financial regulations
Business Partnering:
- Provides support services by working with all departments and the management team to help make financial decisions
- Advices line managers on the financial implications and consequences of business decisions
- Offers professional judgement on financial matters and advises on ways of improving business performance
- Interprets and communicates financial data to non-financial managers
- Liaises with other function managers to put the finances and accounts in context
Monthly and Year End Closing:
- Timely completion of month and year end closing tasks by due dates as set in the closing time-tables and checklists:
- Prepare monthly schedules of deferred charges and prepayments and ensure that at the end of each month, journals are prepared to amortize/recognize expenses in the appropriate periods.
- Ensure that all forex denominated accounts analysed are revalued before monthly financial statements are prepared.
- Complete year end closing and prepare schedules as per audit checklists
- Reconcile AP sub-ledgers
Key Performance Indicator (KPI)
- Budget to Variances
- Number of Customer Invoice Disputes
- Number of Financial Reports prepared within Specified Time Frame
Requirements
- Candidates should possess a Bachelor's Degree in Accounting, Information Ttechnology or any relevant disciplines
- Must possess 5-10 years of relevant work experience
- Experience in a food manufacturing industry is desirable
- Must be ICAN or ATSWA certified
- Must be in Sagamu or be able to commute to Sagamu
- Exceptional MS Office skill - especially Word, Excel, PowerPoint
- Ability to use Accounting Software (ERP)
- Ability to produce interactive reports (Analytical skill)
- In-depth knowledge of accounting and bookkeeping
- Teamwork – Ability to work together in a team
- Time Management skills
- Outstanding written and verbal communication skill.