• Application Deadline: Tue, 8 Mar 2022 00:00:00 GMT
• Position: Finance Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 7 years


• Location Lagos


• City Victoria Island


• Job Field Finance / Accounting / Audit 
  

Job Description

PRINCIPAL DUTIES/ RESPONSIBILITIES

Budgeting 

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  Manage budgeting and forecasting for annual financial and business planning within the business unit

  
  


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  Recommend parameters and assumptions for budget forecasting in accordance with organizational needs and market conditions

  
  


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  Prepare financial forecasts to facilitate financial and business planning

  
  


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  Implement budget plans to manage resource allocation to business activities

  
  


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  Manage actual budget to enable financial operations to be measured against forecasted business plans

  
  


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  Monitor budget outcomes to ensure proper utilization and accounting of resources against their intended purposes 

  
  


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  Present financial forecasts, budgets and budget outcomes to immediate supervisors for review and approval

  
  

Financial Management and reporting 

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  Knowledge of Accounting standards for assets, liabilities and tax

  
  


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  Understands cash flow analysis

  
  


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  Knowledge of when there is threat to the organization's finances

  
  


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  Determine the organization's risk appetite

  
  


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  Determine the organization's cost of debt, cost of equity and expected returns

  
  


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  Provide cost-vs-benefit analysis on potential investments

  
  

Financial Analysis

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  Apply financial ratio analyses to support organisation's decision-making.

  
  


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  Draws valid and in-depth conclusions about the organization’s financial performance and financial adaptability  

  
  


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  Identify trends by comparing ratios across multiple time period and statement types

  
  


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  Prepare and interpret performance and position of an organisation using financial statements 

  
  

Financial Modelling

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  Determine cost and profit variances using costing methods. 

  
  


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  Knowledge of standard costing methods including the reconciliation of budgeted and actual profit margins

  
  


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  Planning and operational variances

  
  


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  Apply standard costing methods including the reconciliation of budgeted and actual profit margins

  
  


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  Distinguish between planning and operational variances

  
  

Tax Compliance and Management 

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  Aware of relevant laws and regulations on taxation across various tax types (VAT, WHT, levies, etc.)

  
  

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  Prepares relevant financial reports for taxation purposes

  
  


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  Conversant with various tax avoidance techniques and optimises all tax waivers and capital allowances in preparing taxation reports.

  
  


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  Identifies potential tax exposures and ensures compliance with tax laws.

  
  


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  Liaise with relevant tax authorities (LIRS, FIRS etc) to ensure remittance of all applicable taxes and collection of all necessary documentation

  
  

Financial Control

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  Coordinates the processing of accounting transactions.

  
  


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  Examines operational financial policies and processes and makes recommendations for improvement.

  
  


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  Conversant with accounting concepts/ principles and their accounting treatments.

  
  


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  Identifies accounting issues in transactions and ensures appropriate treatment/disposition.

  
  


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  Proactively identifies possible process control issues and highlights improvement recommendations

  
  


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  Other tasks and duties as assigned from time to time

  
  

Qualifications

• Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent is required


• Minimum of 7 years post-qualification experience, 3 of which must have been spent in a managerial role.

Additional Information

Skills and Competencies 

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  Finance Acumen

  
  


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  Cost Optimization

  
  


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  Budgeting and financial forecasting

  
  


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  Financial Analysis and Interpretation

  
  


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  Financial Accounting

  
  


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  Financial Management

  
  


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  Business planning and analysis

  
  


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  Investment planning and portfolio management

  
  


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  Corporate finance

  
  


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  Financial reporting

  
  


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  Treasury management

  
  


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  Financial modelling and analysis

  
  


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  Tax planning/management

  
  


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  Knowledge of relevant Accounting software

  
  

Generic competencies

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  Strategic Awareness

  
  


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  Leadership and People Management

  
  


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  Operational Efficiency

  
  


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  Professionalism

  
  


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  Teamwork