Group Finance Manager

Job Summary

A reputable organisation seeks to fill the above position with suitable and qualified persons.

  • Minimum Qualification: HND
  • Experience Level: Mid level
  • Experience Length: 7 years

Job Description

  • The following is a full set of competencies required for the Group Finance Manager to fulfil the function within the organisation. The Group Finance Manager will be required to develop these competencies and it will be considered in determining remuneration, based on the number of competency skill sets that the personnel has and applies within the Department on a regular basis. 
  • Each Level must be achieved on a sequential basis. 

Competency Skill Set and Necessary Additional 

Qualifications/Experience 

LEVEL “A” 

  • Competent in General Activities, and General Ledger management 

LEVEL “B” 

  • Competent in General Activities, General Ledger Management and other two additional competency sets 

LEVEL “C” 

  • Competent in General Activities, and General Ledger 

GENERAL ACTIVITIES 

  • Good communication skills in dealing with personnel at all levels including those external to the organization. 
  • Liaise with suppliers and internal customers, providing relevant and adequate finance information as required; 
  • Provide general administrative support, and undertake ad hoc duties to support Finance and other department in the group 
  • Undertake duties of a comparable level of responsibility as required to manage workload peaks within the department. GENERAL LEDGER MANAGEMENT 
  • Ensure the General Ledger transactional and procedural activity is carried out effectively and efficiently; 
  • Regular review of General ledger transactions and activities. 
  • Ensure that data entered into the finance system meets requirements and departmental objectives. 
  • Attention to detail regarding transactional data, VAT, and payment timeline; 
  • Deputation function on approvals 
  • Prepare and produce all relevant reports to Management, Regulators and other external parties. 
  • Obtain Withholding tax credit notes for suppliers 
  • Reconcile all ledgers with other party documentations eg supplier statements etc following up all anomalies; 
  • Reconcile all inter-company transactions and ensure that balances are reliable and accurate, with valuable information on reconciling differences 
  • Invoice match, resolving invoice queries in a timely manner; 
  • Supervising non PO invoices ensuring correct authorizations & procedures followed. 
  • Monitoring and approval of all utility bills, identifying, investigating and preventing excess/wasteful usage; 
  • Process foreign invoices and payment requests dealing with exchange differences in accordance with laid down procedures. 
  • Maintain Year end information for prepayments and other relevant accounts 
  • Check, correct and validate outstanding items on the any 
  • Finance Competency Framework 

Competency Skill Set and Necessary Additional 

  • Qualifications/Experience Management and three additional competency sets. 
  • Demonstrate a good understanding of the coding structure by recognizing when items are incorrectly coded, going back to the source to get it rectified. 
  • Complete Balance sheet Reconciliations on a monthly basis. 
  • Complete WIP monthly reconciliation. 
  • Check requests for new codes and seek approval for updating the Chart of Accounts 
  • Analyse periodic revenue and expenditures and raise journal accordingly Level “D” 
  • Professional Qualification as detailed plus Competent in General Activities, General Management 

Professional Qualification in one of the following: - 

  • Any or a combination of ACCA and ICAN (ACA) 
  • Any other relevant professional qualification (CFA, Dip. IFR) etc. 

General Requirements and Technical Skills 

  • These will form a key part of Technical Skills within the Performance Management process. 
  • First Degree or HND in Social/Management Sciences desirable; An MBA would be an added advantage 
  • A minimum of 7 years post – qualification work experience in similar industry, of which at least 3 must be spent in Senior/Management level 
  • Good understanding and application of IFRS 
  • Understanding of the consolidation process and joint venture accounting 
  • Proficiency in the use of ERP, preferably SAP would be an added advantage 
  • Good working knowledge of Microsoft office tools; 
  • Excellent administration skills, including electronic administration; 
  • Well-developed organisational skills; 
  • Good written communication skills; 
  • High level attention to details; 

Finance Competency Framework 3.

Job Description 

Purpose of Job 

  • To ensure that all aspects pertaining to the Reporting and Financial Activities of the Finance Function are processed accurately and promptly in agreed timeline. This should focus on the achievement of financial reporting accuracy, financial controls & internal and external customers’ satisfaction. 

Main Activities and Responsibilities 

  • Finance Administration – Undertake general duties in all aspects related to the Finance 

Ledgers: 

  • Ensure the transactional and procedural activity is carried out effectively and efficiently; 
  • Liaise with internal and external stakeholders as required; 
  • Undertake activity in accordance with the Competency Framework; 
  • Ensure that data entered into the finance systems meets requirements and departmental objectives. 
  • Ensure compliance with internal controls in the preparation of financial statements and assist the Finance Director in the preparation of Published Accounts 2. Finance Support – Undertake general duties in support of Finance Strategies: 
  • Undertake activity in accordance with the Competency Framework; 
  • Undertake duties using the office administration systems, both electronic and papers.
  • General Finance –Contribution to general Finance Projects 
  • Contribute to departmental and other organisational projects as requested, and in accordance with Competency sets.

Scope 

  • Member of Finance Team 
  • Reporting directly to the CFO 
  • Undertake Finance Administration activities, General ledger Management etc 
  • Act within agreed delegated limits for approvals 
  • Undertake duties of a comparable level of responsibility outside of the Department as required to manage workload peaks; 

Finance Competency Framework 

  • Internal Contacts: All Emval Holdings Ltd Business Units 
  • External Contacts: Suppliers 
  • Regulators Financial Institutions Tax Authorities Clients Competitors 
  • Willingness to undertake continuous professional development (CPD) towards appropriate qualifications for the post. 

Behavioural Skills 

  • Planning and Organising Level D
  • Judgement & Decision Making Level D 
  • Interpersonal & Communication Level D
  • Team Working and Co-operation Level D 
  • Professionalism Level D 
  • Creativity and Flexibility Level D 

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