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Finance Manager
Job Type Full Time
Qualification BA/BSc/HND
Experience 8 – 14 years
Location Abuja
Job Field Finance / Accounting / Audit 
Salary Range ₦750,000 – ₦1,000,000/month
Department: Finance & Administration
Reporting to: The ED, Finance and Administration
Supervises: None
Overall Purpose:
The Finance Manager is a key partner to the Executive Director, Finance & Administration in providing financial insights that drive strategy, and is responsible for all finance and accounting activity. This includes overseeing the financial operations of the company, namely financial planning and analysis, reporting (monthly management reporting and statutory reporting requirements), budgeting, and compliance. The Finance Manager is also responsible for ensuring full policy implementation and documentation of finance and accounting policies and procedures.
Scope of Role:
Key Tasks:
Develop and manage financial models to support strategic initiatives and decision-making.
Conduct detailed financial analysis, including profitability, cost structure, and risk assessments.
Prepare financial forecasts and projections to guide long-term planning.
Lead the annual budgeting process, including coordination with various departments to set realistic and achievable financial targets.
Monitor and report on financial performance, highlighting variances against budget and providing recommendations for corrective actions.
Prepare accurate and timely financial statements, including profit and loss statements, balance sheets, and cash flow statements.
Analyse operational costs and identify opportunities for cost reduction and efficiency improvements.
Implement and monitor financial controls to ensure cost-effectiveness across the organisation.
Develop and oversee the implementation of cost management strategies to improve the company’s financial performance.
Ensure compliance with all relevant financial regulations, standards, and reporting requirements.
Develop and maintain robust risk management processes, including identification, assessment, and mitigation of financial risks.
Liaise with auditors, regulatory bodies, and tax authorities to ensure accurate and compliant financial reporting.
Oversee cash flow management, including the optimisation of working capital and liquidity.
Manage relationships with banks, financial institutions, and other stakeholders to ensure efficient treasury operations.
Develop strategies to optimise the company’s capital structure and financing.
Provide financial insights and reports to senior management, the board of directors, and external stakeholders.
Collaborate with other departments (e.g., Operations, Trading, Legal) to ensure alignment between financial strategies and business objectives.
Communicate effectively with external stakeholders, including investors, analysts, and financial partners.
Support the leadership and development of the finance team, providing mentorship, training, and support to enhance their skills and performance.
Foster a collaborative and results-oriented work environment within the finance department.
Ensure continuous improvement of financial processes and systems.
Perform related duties as assigned.
Position Specification/Qualifications:
Minimum of a Bachelor’s degree. Professional certification in accountancy is required.
Minimum of eight (8) years post-certification experience in accounting with a minimum of three (3) years as an Accounts Manager, preferably in the energy sector.
Proficiency in financial software (e.g., SAP, Oracle, Excel) and accounting systems.
External liaison with:
Tax Authorities, Bankers, Regulators, other relevant stakeholders.
Internal Liaison with:
All Departments
Competencies (Knowledge, Skills, Attitudes, and Behaviours) required for the role:
Category:
Indicators:
Knowledge
Knowledge of Generally Accepted Principles (GAAP) and other applicable regulatory rules, regulations & legislation as related to accounting functions.
Strong understanding of financial management.
Proficiency in financial modelling, analysis, and reporting.
Required knowledge of Microsoft Office Suite.
Skills
Strong problem-solving and analytical skills.
Interpersonal skills.
Excellent written and verbal communication skills.
Deadline-oriented and ability to multitask.
Excellent organisational skills.
Attitudes & Behaviours
Leadership and accountability.
Self-motivated team player with the ability to work independently on special projects and complex assignments and also collaborate with team members.
High attention to detail.
Key Performance Indicators:
Financial Accuracy:
Percentage of financial reports delivered without errors (target: 100%)
Timeliness of financial reporting (target: 95-100% reports delivered on time)
Budget Adherence:
Percentage of budget variance (target: within 2-5% of budget)
Percentage of departments meeting budget targets (target: 90-95%)
Cost Management:
Reduction in operational costs (target: 5-10% reduction annually)
Improvement in cost efficiency (target: 3% – 5% improvement annually)
Cash Flow Management:
Days sales outstanding (DSO) (target: 30 days)
Working capital turnover ratio (target: 6 – 8 times)
Risk and Compliance:
Percentage of financial risks mitigated (target: 100%)
Number of compliance issues identified and resolved (target: Zero issues)
Team Development:
Employee productivity improvement (target: 5% – 10% improvement annually)
Method of Application
NB: All interested persons should send CV and cover letter to info@talentnexusconsultingltd.org stating position title as subject. Application closes 12th September 2024.
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