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Finance Manager

Company:
ATRAKRESOURCES
Location:
Lagos, Nigeria
Salary:
450,000
Posted:
November 09, 2016
Description:

OB SUMMARY: FINANCE MANAGER

The Finance Manager will have responsibility for all aspects of operational finance. Reporting to the Head of Finance, the person will be the focal point for accounting processes, financial controls, bank relationships, whilst also ensuring compliance with local tax and regulatory requirements.

He/she will be comfortable with a highly visible middle management role, during a period of significant organisational change. He/she will have a broad base of finance experience and must have previously led a finance team. The post holder must also demonstrate the ability to connect with operational colleagues. Where necessary, he/she will be prepared to roll up their sleeves and support their team in making things happen.

He/she will lead the Finance Department and a team of 8 -10 staff, and will also be required to develop and deliver training to the finance team on financial management elements.

MAIN DUTIES & RESPONSIBILITIES

Financial & Management Accounting

Preparing periodic financial statements, including profit and loss accounts, balance sheet, budgets, cash flows, variance analysis and commentaries

Producing accurate management reports serving various divisions to specific deadlines

Investigating exceptions to management accounts reports and facilitating corrective action

Liaising with auditors to ensure annual monitoring is carried out

Accounts Payable

Ensuring the finance team prepares and post payable entries to the general ledger

Ensuring monthly recurring journal entries and monthly reconciliations for various GL accounts are done

Resolving payment processing issues with vendors and other employees

Accounts Receivable

Monthly, quarterly and annual review of major client accounts

Monitoring client credit limits, account balances and ensuring compliance with policies

Ensuring the credit control team follows up on all outstanding payments/invoices issued based on company credit policy

Processing and authorising new client credit applications

Reviewing all reconciliations, age analysis of debtors and other collection reports

Ensuring revenue reconciliation and customer accounts reconciliation are done periodically

Payroll Administration

Overseeing all payroll functions (including salary payment to all international bureaus) to ensure that employees are paid in a timely and accurate manner

Ensuring compilation of payroll schedule of earnings, taxes, leave and other deductions

Ensuring all statutory remittances are processed and submitted on time

Governance & Compliance

Ensure all Finance and Tax activities are delivered in compliance with and to relevant official standards and governance

Ensure the procurement and management of quality outsourced services for accounting, audit, reporting and tax

Maintain a strong culture of risk management, both within the operation and with partners

Lead and provide support and response to internal and external audits

Other duties

Providing guidance to the internal audit department during the implementation of new business processes to ensure that controls and compliance with policies & procedures are duly considered

Responsible for all multicurrency transactions (payables and receivables)

Overseeing the Fixed Asset Register for the organisation

Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory and non-statutory organisations

Ensuring timely generation of comprehensive reports/schedules such as bank payment schedules, tax & pension payment schedules and other departmental reports

Providing a support service by working with all departments and the management team to help make financial decisions

Liaising with tax regulators and other statutory regulators on complex tax matters

Training, coaching and managing the finance team

EDUCATION & EXPERIENCE REQUIREMENTS

Minimum of 3-5 years of experience at a mid/senior level in an operational finance or accounting role

Minimum of 3 years of experience in a managerial role

Bachelor Degree in Accounting or a Finance related field

Fully qualified member of a professional accounting qualification (ICAN, ACCA, CIMA ICAEW)

Experience in preparing monthly management accounts and yearly financial accounts

Experience in preparing budgets and cash flow forecasts

Experience in the use of ERP, finance software and other IT systems

Advanced spread sheet and financial modelling skills

PERSON SPECIFICATION

Must have sound written and oral communication skills

Must be highly numerate and analytical

Excellent reporting skills

Ability to understand and connect with multiple stakeholders

Strong proficiency in Microsoft Excel and Word

Must demonstrate strong attention to detail

Good leadership and interpersonal skills

Skilled in conflict resolution

Ability to build relationships while asking tough questions

Ability to work under pressure

Ability to manage a team effectively

Ability to properly execute the fundamentals of finance

Strong spreadsheet and financial modelling skills, including the ability to handle multiple assignments simultaneously