Head of Finance Internal Audit Manager

Overview

This role is responsible for helping secure the company’s long term financial sustainability through sound and risk-conscious financial, investment and treasury management and control practices.
The role provides strategic leadership and coordination to the Finance Department to achieve optimisation of financial resources and reduction of financial exposures, thereby maximizing returns on investment.

Detailed Job Description

Formulates, updates and drives the delivery of the firm’s finance and investment strategy, policies and processes
Engages the Managing Partner, Heads of Practice areas and other Partners to develop short, medium and long term financial plans and projections
Takes responsibility for monitoring the external environment for developments, their financial implications for the business, potential financial risk factors and exposures and advising leadership as appropriate
Coordinates the budget preparation process by taking into consideration annual financial goals, trends, projections and expected revenues
Ensures the preparation and submission of financial statements, financial reports and management reports at the appropriate time
Establishes measures and controls to ensure that all financial transactions are accurately captured and reported
Recommends financial policy, procedure and system improvements to the Partners, and drives effective implementation
Develops and maintains appropriate tax structures in compliance with statutory regulations and ensures prompt payment of tax, insurance premiums and other statutory fees and/or remittances
Identifies, appraises and advises leadership on viable and efficient options for maximising the firm’s funds
Manages investment assets to achieve optimal application and growth of funds
Manages the firm’s liquidity and cash flow to ensure availability of funds for the practice
Develops and manages key relationships with relevant bodies/contacts e.g. regulatory authorities, auditors, financial institutions and tax authorities
Establishes sound standards and procedures for internal and third party payments
Oversees the establishment of an effective debtor management system and policies
Reviews and approves the monthly payroll
Reports periodically to Practice Area Leaders and the Managing Partner on the financial performance of practice areas and the firm
Advises Partners on proposed projects financials, changes in financial regulations and /or market trends and their implications for the business
Engages with external auditors to ensure the annual audits are effectively conducted in line with agreed timelines
Provides assistance, support and training to staff and practice areas in areas of budgeting, billing, collections, forecasting, variance analysis and financial management
Sets and drives the execution of performance standards, goals and targets for Finance staff
Coaches Finance staff to deliver on their own performance goals and engages with HR to facilitate implementation of their approved development plan

Required Qualifications and Experience

Good first degree in Accounting, Finance, Economics or any business discipline
Relevant professional certifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA), Chartered Financial Analyst (CFA) or equivalent
Minimum of 12 years relevant post-qualification experience, with at least 4 in a management role in a reputable organisation

Key Performance Indicators:

Budget and Planning
Strategic Business Support
Financial Reporting
Financial Controls
Relationship Management
Tax Compliance
Treasury Management

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