Managerial experience for a Large/Medium size organization.
Knowledge of Treasury and Foreign Currency Operations.
Knowledge of ERP, Microsoft Excel and other financial planning software.
Experience of Foreign Currency Purchases is an added advantage
Duties/Responsibilities:
Business Planning and Financial Strategy:
The Finance Manager is responsible for the assessment of the group’s performance against both the annual budget (in line with the levers of control) and the Group approved Plan.
The Finance Manager is responsible for ensuring that all foreign currency payments are made in accordance with contracted terms and budgeted exchange rates.
Responsible for periodic Macro-Economic Analysis to help review the Group’s strategic assumptions and advice on redress measures where necessary.
Develops tools and systems to provide critical financial and operational information to the Finance Team and provides actionable recommendations on both strategy and operations.
Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the Group operations and business plans.
Develop financial business plans and forecasts and coordinate the development and monitoring of budgets.
Adherence to all approved guidelines and policies in daily operations.
Ensure that the plan is executed within the approved annual budget costs, manage all loan interface with the banks and plan the Group’s cashflow.
Financial Control and Risk management.
Identify risks and possible bottlenecks in the Group Operations and report on possible impact on all aspects of operations.
Develop and Propose clear Financial Policies and Guidelines that will guide all financial activities of the group.
Ensure there is strict adherence to all procedures and policies in daily activities.
Manage open positions arising from foreign currency transactions and ensure that limits set are adhered to.
Cash Flow Management:
Manage the Cash Flow Planning Process and report actual cash flow performance. Identify possible funding gaps and advise on funding sources.
Ensure efficient use of financial resources leading to a shorter cash conversion cycle and high productivity.
Optimize and Manage banking relationship especially on effective management of any Loan.
Execute appropriate strategies to monitor and control all financial activities that critical to timely completion of the group.
Financial Reporting and General Administration:
Responsible for the seamless and real-time running of the financial reporting processes to aid the speed of service delivery to both internal and external parties. Provide real-time and reconciled, accurate financial information. Report the actual financial Performance and compare it with the Control Levers.
Manage any financial interface for the Group and ensure proper accounting records exist to validate transactions and balances.
Coordinate proper filing of tax returns and ensure legal and regulatory compliance regarding all financial functions. Ensure the annual Financial Report is in line with IFRS standards.
Ensure that regular, accurate, and detailed financial reports are presented to the finance Team and management which are free from misstatement, and material errors and represent the financial position of the group at the time of reporting.
Insurance and Tax Affairs
Manage the group’s Insurance Portfolio well to ensure that all identified insurable risks are duly covered by adequate insurance from reliable & credible Underwriters, premiums are promptly paid and that all insurance claims are promptly settled.
Ensure full compliance with all Federal, State and local government tax regimes and reporting requirements in all geographies where the business has a business presence. Ensure remittances are made on time and filing of returns are achieved within the stipulated time in the tax laws.
Manage the interface between the Group and Tax Consultants, Insurance brokers, Tax authorities and other statutory bodies involving the Group’s Finances.
Manage the interface between the SBU and External Auditors, Tax Consultants, Insurance brokers, etc.
