Head of Finance

Responsibilities:

Financial Strategy and Leadership:

• Develop and implement the Company's financial strategy in alignment with its business objectives and growth plans.
• Provide financial insights and strategic recommendations to the CEO and Management on business performance, investments, expansion initiatives, and operational decisions.
• Drive financial planning processes and support management in achieving profitability and sustainable business growth.
• Serve as a strategic business partner to management by providing data-driven financial advice and recommendations.

Financial Planning, Budgeting and Analysis:

• Lead the preparation and implementation of annual budgets, financial forecasts, cash flow projections, and long-term financial plans.
• Monitor budget performance and conduct variance analysis, identifying financial risks, trends, and opportunities for cost optimisation.
• Prepare monthly, quarterly, and annual financial reports and management accounts.
• Develop financial models and analyses to support strategic initiatives, capital expenditure decisions, and business expansion projects.

Accounting and Financial Reporting:

• Oversee the preparation and maintenance of accurate accounting records and financial statements in accordance with applicable accounting standards and statutory requirements.
• Ensure timely preparation and submission of management accounts, financial statements, and other financial reports.
• Review and approve journal entries, reconciliations, and financial transactions.
• Ensure proper maintenance of the general ledger and supporting accounting records.

Treasury and Cash Management:

• Manage the Company's cash flow, liquidity position, banking relationships, and working capital requirements.
• Oversee treasury operations, including cash forecasting, fund management, payments, and collections.
• Monitor receivables, payables, and cash conversion cycles to ensure adequate liquidity and efficient utilisation of funds.
• Recommend and implement strategies for improving cash flow and financial performance.

Manufacturing Finance and Cost Management:

• Develop and implement robust costing systems and procedures for manufacturing operations.
• Monitor production costs, material costs, labour costs, and overhead expenses to ensure cost efficiency and profitability.
• Analyse production variances and recommend corrective actions to improve operational efficiency.
• Provide financial support in inventory valuation, stock management, procurement planning, and pricing decisions.
• Establish and monitor key financial and operational performance indicators for manufacturing activities.

Internal Control and Risk Management:

• Develop, implement, and maintain effective internal controls, financial policies, and operating procedures.
• Ensure compliance with approved financial processes and authorisation limits.
• Identify financial risks and implement appropriate mitigation strategies. 
• Safeguard the Company's assets through effective financial controls and risk management practices.

Taxation and Regulatory Compliance:

• Ensure timely preparation and remittance of all statutory obligations, including taxes, pensions, and regulatory filings.
• Maintain compliance with all applicable financial regulations, tax laws, and statutory requirements.
• Liaise with external auditors, tax consultants, regulatory agencies, and financial institutions on behalf of the Company.
• Coordinate statutory audits and ensure prompt resolution of audit findings and recommendations.

Team Leadership and Performance Management:

• Provide leadership, direction, and supervision to the Finance and Accounts team.
• Establish performance objectives and ensure continuous development and capacity building of team members.
• Promote high standards of accountability, professionalism, integrity, and operational excellence within the department.
• Drive continuous improvement initiatives and implement best practices across finance and accounting operations.

Business Support and Executive Reporting:

• Prepare and present financial reports, business performance analyses, and strategic recommendations to the CEO and Management.
• Support business planning, investment appraisals, feasibility studies, and strategic decision-making initiatives.
• Provide financial information and analysis required for negotiations, partnerships, expansion projects, and business development opportunities.
• Carry out any other duties and responsibilities as may be assigned by the CEO or Management from time to time.

Requirements:

• Minimum qualification of a BSC.
  
• 6 years of previous experience in a similar role.