Chief Financial Officer

Responsibilities:

Accounts Payable and Receivable Management:

• Verify, allocate, post, and reconcile accounts payable and receivable transactions.
• Ensure accuracy and timeliness in processing financial transactions.

 

 Financial Analysis and Reporting:

• Analyze and summarize the company's financial status, identifying discrepancies or errors
• Provide recommendations to improve efficiency and optimize spending.
• Prepare and present financial reports to senior management.

Managerial Accounting and Advisory:

• Offer managerial accounting support and technical advice to relevant stakeholders.
• Collaborate with department heads to set financial standards and participate in the forecasting process.

 

 Accounting Systems and Procedures:

• Review existing accounting systems and procedures and recommend necessary modifications.
• Develop and document business processes and accounting policies to maintain strong internal controls, ensuring compliance with GAAP principles.

 

Tax Management and Compliance:

• Manage tax audits and returns, ensuring compliance with relevant regulatory bodies.
• Promptly submit statutory dues such as VAT, PAYE, NHIF, PENSIONS, and annual returns.

 

Audit Oversight:

• Oversee internal and external audits to ensure compliance and accuracy of financial records.
• Address any audit-related issues and implement necessary improvements.

Month-end and Year-end Processes:

• Execute month-end and year-end closing processes with precision and attention to detail.

Relationship Management:

• Manage all internal and external relationships with various stakeholders, including Management, Staff, Bankers, Auditors, Tax Authorities, Vendors, etc.

 

Financial Risk Management:

• Identify and manage financial risks in contracts and advise on the best treatment.

Supplier and Sales Management:

• Facilitate timely supplier payments with approval from Company Directors.
• Monitor sales invoice issuance and collection, and report any payment delays to the Head of Department (HOD) and the relevant Account Manager.
• Coordinate the resolution of any account-related issues raised by the sales team.

Monthly Business Overview:

• Provide monthly reports covering Budget, Sales, Expenses, Collection, etc., to the Management and Board of Directors in the first week of each month.

Requirements:

• 8 - 9 years of experience in Finance, audit, or a related field.
• Proficiency in accounting software and Google Workspace. Being conversant  with Zoho Accounting will be an added advantage
• Financial Modelling skills.
• Solid experience in International Financial Accounting Standards (IFRS).
• Strong knowledge of Nigeria's local tax laws and Nigerian Tax Promax 
• Excellent Communication & interpersonal skills.
• Personal Integrity.
• Strong analytical skills & problem-solving skills.