Finance Manager at Oilserv Limited

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
97211
Job Views
149

Job Description



Job Summary


Maintain the financial health of the organization, supporting strategic decision-making, ensuring compliance, and providing accurate and insightful financial information to drive business success.


Job Details


Leadership



  • Maintain financial stability

  • provide accurate and insightful financial information

  • contribute to the organization's growth and success through strategic financial management.


Core/Technical


Financial Reporting and Analysis:



  • Prepare and present accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.

  • Analyse financial data to provide insights into the company's financial performance, trends, and areas for improvement.

  • Monitor key financial metrics and KPIs to ensure the company's financial goals are met.


Budgeting and Forecasting:



  • Develop and manage the company's budgeting process, collaborating with various departments to create realistic financial plans.

  • Create financial forecasts that help guide strategic decision-making and anticipate future financial needs.


Cash Management:



  • Manage the company's cash flow, ensuring that there's enough liquidity to cover operational expenses and financial obligations.

  • Implement cash management strategies to optimize working capital and minimize the risk of cash shortages.


Risk Management:



  • Identify financial risks and implement strategies to mitigate them, such as interest rate risks, foreign exchange risks, and credit risks.

  • Maintain an understanding of industry regulations and compliance requirements to ensure the company's financial activities remain compliant.


Financial Strategy and Planning:



  • Collaborate with senior management to develop financial strategies that align with the company's goals and objectives.

  • Provide insights and recommendations on investment opportunities, mergers and acquisitions, and other strategic financial decisions.


Cost Control and Expense Management:



  • Analyse costs and expenses across the organization and identify areas for cost reduction or optimization.

  • Implement cost control measures to ensure efficient resource allocation.


Financial Systems and Technology:



  • Oversee financial software systems and tools, ensuring accurate data entry, maintenance, and reporting.

  • Identify opportunities to leverage technology for process automation and increased efficiency.


Internal Controls and Auditing:



  • Establish and maintain strong internal controls to safeguard company assets and ensure accurate financial reporting.

  • Coordinate with internal and external auditors to facilitate audits and ensure compliance with financial regulations.


Capital Management:



  • Manage the company's capital structure, including debt and equity financing, to optimize the balance between risk and return.

  • Evaluate investment opportunities and recommend capital allocation strategies.


Financial Decision Support:



  • Provide financial insights and analysis to support various departments in making informed business decisions.

  • Participate in cross-functional teams to assess the financial impact of different projects and initiatives.


Requirements



  • B.A/B.Sc. Finance and Accounting

  • M.Sc. is an added advantage

  • Minimum of 15 years in similar role within similar industry.

  • ACCA, ICAN & other relevant accounting certificate.


Benefits



  • Great work culture and multiple opportunities for growth and self-development. 

  • 15 days of annual leave, excluding federal public holidays. 

  • Health insurance coverage. 

  • Monthly employer pension contribution. 


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