4 May 2020

Finance Manager at Reputable Company

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JOB PURPOSE:                       

Provide Financial Advice, produce financial reports and develop strategies based on financial research. Guiding senior executives in making sound business decisions in the long and short term.

REPORT TO:    MANAGING DIRECTOR

KEY RESPONSIBILITIES:

  • Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
  • Implementation and effective monitoring of all system accounts (General Ledger, Fixed Assets Register, Debtors and Creditors accounts, etc.) to ensure accurate balances.
  • Advise on investment activities and provide strategies that the company should take
  • Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
  • Conduct reviews and evaluations for cost-reduction opportunities.
  • Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
  • Manage the preparation of the company’s budget.
  • Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
  • Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
  • Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions
  • Oversee financial department employees, including financial assistants and accountants
  • Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary
  • Track the company’s financial status and performance to identify areas for potential improvement
  • Review financial data and prepare monthly and annual reports
  • Present financial reports to board members, stakeholders, executives, and clients in formal meetings
  • Establish and maintain financial policies and procedures for the company
  • Understand and adhere to financial regulations and legislation.

Corporate Finance 

  • Manage company policies regarding capital requirements, debt, taxation, equity, disposals and acquisitions, as appropriate.
  • Establish a high level of credibility and manage strong working relationships with external parties including customers and financial advisors.
  • Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current laws.
  • Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.

Payroll Preparation and Administration

  • Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner.
  • Negotiate and manage the employee insurance and benefits plans.
  • Process and submit statutory and benefits remittances on time.
  • Issue annual Pension Fund Contribution Status.

Budget Preparation

  • Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the Managing Director and Management.
  • Develop and implement systems and procedures for analyzing budgetary performance to aid monitoring and control.

Information Technology

  • Evaluate the need for new technology to meet the organization’s financial data processing, control, and reporting requirements
  • Ensure that company financial systems are robust, up to date with Groups Requirements and support current activities and future growth.

Risk Management

  • Monitor business/ financial risk management policies and procedures to ensure that departmental and organizational risks are minimized
  • Advise the company’s leadership on appropriate insurance coverage for all processes and agreements
  • Maximize income where possible and appropriate
  • Negotiate with Bank for lines of credit or other financial services as required and appropriate

Procurement/ Inventory Management

  • Oversee and supervise the procurement function of the organization including purchases, suppliers’ agreement, property/facility management, and provision of furnishings and equipment necessary for effective operations
  • Oversee the financial aspect of all leases, contracts and other financial commitments
  • To provide oversight on controls in relation to inventory, fuel, and sundry.

Stakeholder Relationship Management

  • Establish and maintain good working relationship with external auditors, regulatory agencies and other external shareholder in the area of financial and management accounting.

KNOWLEDGE AND SKILLS REQUIRED:

  • Strong analytical ability/perspective required
  • Strong verbal and written communication skills
  • Must be a self –starter and highly self-directed
  • Prior Accounting Analysis experience strongly preferred
  • Demonstrated ability to communicate with all levels of the organization

PERSONALITY REQUIREMENTS

  • Intuitive ability
  • Result-oriented
  • Process-oriented
  • Leadership qualities
  • Pleasant disposition

OTHER REQUIREMENTS                           

  • Proven experience as a Financial Manager
  • Extensive understanding of financial trends and general market patterns
  • Proficient user of finance software e.g. ERP
  • Strong interpersonal, communication and presentation skills
  • A solid understanding of financial statistics and accounting principles
  • Working knowledge of all statutory legislation and regulations

QUALIFICATION AND EXPERIENCED

Education

  • Degree in BSc. Finance Option plus a Professional qualification (CA or ACCA)
  • Master’s degree in Finance, Accounting or Economics with be an advantage
  • A minimum of 8 years’ experience



      Method of Application

Interested applicants may submit application and curriculum vitae to the under listed email address to: [email protected]

Please note that only shortlisted applicants will be contacted.          





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