The Position
The Finance function within the group is managed centrally and its responsibility is not limited to the day to day running of the P&L but also financial analysis & planning, budgeting, forecasting, monthly management pact etc for all the subsidiaries.
This is a key position reporting to the CFO, with Prime responsibility for; the development and continual refinement of robust financial control, reporting and implementation processes.
Principal Accountabilities
Managing the company’s financial accounting, monitoring and reporting systems
Liaising with auditors to ensure annual monitoring is carried out
Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations
Producing accurate financial reports to specific deadlines
Manage vendor invoices – Receive and process vendor invoices and internal cheque requests. Maintain open files for purchase orders, packing/receiving slips and match to invoices. Verify invoices for quantity, unit pricing, extensions, and applicable discounts.
Carry out bank reconciliation – Prepare monthly bank reconciliation for all accounts. Verify accuracy of bank statements and answer questions or resolve problems. Maintain integrity of cash balances and cash flow systems.
Preparation of the company annual Financial Statement in collaboration with Finance Manager
Conducting reviews and evaluations for cost-reduction opportunities
Attending to External Auditor during statutory Audit.
Ensure up to date Intercompany reconciliation with parent company and all other subsidiaries within the group.
Review and ensure Value Added Tax (VAT) and Withholding Tax (WHT) are deducted correctly from Vendor Invoices and subsequently remitted promptly to the respective tax authority (FIRS and LIRS) accordingly.
Review and ensure all monthly provisions (Audit Fee, Tax Consultancy Fee & etc) prepayment and amortization are made monthly.
Review Payroll with Human Resources Manager to ensure statutory deductions and pension are calculated and remitted correctly
Review Petty Cash Expenses with Administration Team
Review and ensure daily and end of month posting of all payment vouchers and Journals before impacting into general ledger.
Verify documents for completeness and compliance with government and private agencies.
Any other duties that may be deemed appropriate to this role Person Specification
The ideal candidate must be a Certified Chartered Accountant (ACCA, or equivalent), with minimum qualification of a B.Sc in Accounting or Finance.
He / She must have minimum of 6 years’ experience. An MBA or Msc in Finance; knowledge of the use of ERPs would be an added advantage.
Skills:
Core accounting skills
Advanced knowledge of MS Excel
Financial planning, budgeting, and reporting
Financial analysis and interpretation skills
Accounts preparation and bank reconciliation skills
Attention to detail
Good presentation and communication skills
Application of accounting principles
Preparation of timely financial statements
Filing of reports to statutory bodies
Cash flow management
Knowledge of Statutory returns and reporting
Internal Liaison:
All units and departments that have dealings with The Finance Department.
External Liaison:
Partners both local, International, Government agencies and various vendors.
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