Finance Manager

Recruiter
JobMag Limited
Location
Lagos, Nigeria
Salary
N800,000
Posted
16 Sep 2023
Closes
16 Oct 2023
Ref
357126000065312007
Job role
Finance manager
Sector
Digital
Experience level
Manager
Job Description
Duties and Responsibilities:

Management:

  • Overseeing financial activities relating to the Head Quarters, Regional Offices and Factory.
  • Managing Finance personnel and outsourced functions related to financial activities.
  • Develop, implement, and maintain a documented system of accounting, internal control activities and general operational set of policies and procedures.
  • Preparing and presenting financial data and reporting to internal and external stakeholders.
  • Oversee operations of the finance department, set goals and objectives and manage finance team across different business units.
  • Ensure compliance with statutory laws and regulatory bodies.

Funds Management:

  • Forecast cash flow positions and/or finance needs and propose cash management options to CEO and Board of Directors.
  • Ensure sufficient availability of funds to meet ongoing operational and capital investment requirements.
  • Maintain and expand banking relationships to offer the best services to suit the company's financial needs.
  • Manage trade finance requirements/instruments to fulfil business needs.
  • Monitor and manage receivables and credit limits.
  • Support the CEO on fundraising activities.

Budgeting:

  • Work with the CEO and management team during the quarterly budget cycle to develop the company's financial targets for the year and prepare a budget presentation for management approval.
  • Assist management in the formulation of its overall strategic direction.
  • Prepare quarterly management reports showing variances across the different financial and KPIs of the budget and demonstrate understanding of the reasons for such variances.

Financial Analysis

  • Engage in continuous pricing analysis to support different departments in strategic and purchasing decisions.
  • Develop and review key financial and operational ratios to ensure profitable running of the business.
  • Engage in ongoing cost reduction analysis in all areas of the company.
  • Interpret the company's financial results to management and recommend improvement activities.
  • Any other ad hoc financial activities.


Requirements

Educational Qualifications and Experience:

  • B.Sc. in Accounting or any relevant field with a minimum of 10 years' work experience in Finance, with demonstrated experience in financial analysis, treasury, team management and budgeting.
  • Relevant professional qualifications (ACA, ACCA, CFA, etc)
  • Must have worked in a similar capacity in Manufacturing, FMCG, Commercial/Retail, Agriculture, Logistics, or Hospitality.
  • In depth knowledge of corporate financial law and risk management practices.
  • Practical knowledge of financial analysis.
  • Proficient in the use of Microsoft Office and Financial Management Software.
  • Exceptional communication, Interpersonal and Leadership skills.
  • Excellent Business analysis, Project Management and Financial Management skills.
  • Great Problem solver and critical thinker.