Finance Manager

Confidential

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A leading media organisation with its headquarters in Lagos, Nigeria is seeking a dynamic and versatile Finance professional to lead its Finance Department.

 

JOB 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

Summary

Company

Confidential

Job Level

Manager (Staff Supervisor/Head of Department)

Location

Lagos

Specialization

Banking / Finance / Insurance

Job Type

Full-Time

Minimum Qualification

Degree

Preferred Years of Experience

3 - 5 years

Salary

₦400,000.00 ‐ ₦500,000.00 per month