Head of Finance

Responsibilities:

Financial Reporting & Analysis:

• Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget); and Weekly cash flow forecast.
• Preparation of month-end, quarter-end, and year-end financial statements.
• Review all month-end closing activities including general ledger maintenance, balance sheet reconciliation, and corporate/overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools, and control systems.
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Oversee payment approvals and authorizations.
• Ensure checks and balances in payroll activities before salaries are processed and disbursed.
• Maintains financial security by following internal controls.
• Preparation of Monthly Performance Report

Finance, Accounts and Treasury Operations Operating Plan:

• Resource allocation and responsibilities
• Bookkeeping & Accounts
• Financial control and management reporting
• Revenue Assurance
• Treasury Operations and Asset & Liability Management Framework
• Operational software requirements
• Budgeting process
• Fixed assets
• Audit and tax planning.
• Statutory Returns and Remittances

Regulatory returns/filings:

• Preparation and Statutory Filing to all Regulators - CAC, FIRS, LIRS
• Supervision of Payroll payment process - PAYE, Pensions

Financial Planning and Analysis:

• Summarizes current financial status by collecting information, and preparing balance sheets, profit and loss statements, and other reports.
• Develop and execute analysis of various business initiatives (e.g., expansion, asset acquisition).
• Develop and maintain capital and expenditure budgets.
• Assist in the development of financial planning and analysis exercises/reports.
• Reconciles financial discrepancies by collecting and analyzing account information.

Finance:

• Ensure that all Transactions are settled as at when due.
• Oversee cash flow planning and ensure availability of funds as needed.
• Oversee cash, investment, and asset management.
• Oversee financing strategies and activities, as well as banking relationships.

Budgeting:

• Updated budget for management approval
• Divisional run rates
• Approve budgets and manage spending relative to those budgets.

Cash Management:

• Oversee weekly cash management and approve weekly payables.
• Execute cheque signing & Online payment approvals.
• Check Petty Cash and Impress disbursement and ensure necessary approvals and authorizations are obtained before cash is disbursed.
• Carry out other assignments as may be required from time to time.

Other responsibilities include:

• Perform risk management by analyzing the organization’s liabilities and investments
• Decide on investment strategies by considering cash and liquidity risks
• Control and evaluate the organization’s liquidity plans and capital structure
• Ensure cash flow is appropriate for the organization’s operations
• Supervise all finance personnel (account managers, treasurers, etc.)
• Manage vendor relationships
• Prepare reliable current and forecasting reports
• Ensure compliance with the law and company’s policies
• Manage a team of account managers and financial analysts