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Job Summary

A continuous management of financial systems

  • Minimum Qualification: Degree
  • Experience Level: Management level
  • Experience Length: 7 years

Job Description

  • Undertaking financial audits (an independent check of an organisation's financial position).

§  Analyse moderate to complex financial information, including trends and forecasts

§  Handle strategic planning process and define strategies/plans for finance and accounting functions;

§  Manage finance processes, develop and implement a modern cost effective accounting system that will meet the challenges and objectives of the company

§  Produce daily, weekly, monthly and quarterly management reports to the company's Executive Management (or as may be required);

§  Prepare cash flow statements, income and expenditure accounts, tax returns and balance sheet;

  • Liaise effectively with the internal and external auditors to ensure that an efficient and effective audit process is carried out and on time;

§  Set standards for accounting and financial reporting systems;

§  Ensure the financial policies, procedures and controls of the organization are implemented efficiently and in line with generally accepted accounting practices (locally and globally);

§  Oversee budget preparation, approval and execution processes;

§  Improve the systems surrounding all aspects of the organization's budgets, forecasts and financial planning;

§  Analyse budget variances and consolidate the financial statement

§  Ensure that all receivables are collected in a timely manner i.e 30 days credit line

§  Develop and manage long and short-term cash forecasts, utilizing historical trends, seasonal influences and future projections.

§  Determine cash requirements and maintain appropriate cash flows with banking institutions to ensure adequate liquidity to meet all obligations and optimisation of cash.

§  Develop and implement cash management systems for all operations, including policies and procedures

§  Oversee daily cash management process: setting cash position, wire transfer operations, and deposit and disbursement accounts

Performance Indicators:

  • Timely delivery of daily weekly and monthly reports on exact dates advised by management.
  • Budgetary savings of between 10 – 20% per annum.
  • Meeting of departments targets as set.
  • Increased sales revenue at low operating cost.
  • Coordinate and monitor regular and accurate stock taking exercise.

 

§  Ensure budgetary controls and cost savings.

§  Compliance and adherence with company’s financial controls.

 

Person Specification:

Qualifications:

§  A minimum of a first degree B. Sc. 

§  Associate member of Institute of chartered Accountant of Nigeria at a minimum.

§  Computer expertise in MS Word, MS Excel and PowerPoint

§  Famililization with accounting software..

§  Technical/Professional Experience:

§  10 years Financial and administrative experience with at least 3 years at manager level

§  Good knowledge of Financial Accounting.

§  People management skill and experience.

§  Excellent planning and organising skills

§  Excellent customer relation skills

§  Excellent oral and written communication skills

§  Good knowledge of Accounting process

Generic Competencies

o   Integrity

o   Business understanding

o   Interpersonal skill

o   Customer orientation

o   People development/ management

o   Strategic focus

o   Decision making.

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