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Job Description
PRINCIPAL DUTIES/ RESPONSIBILITIES
Budgeting
Manage budgeting and forecasting for annual financial and business planning within the business unit
Recommend parameters and assumptions for budget forecasting in accordance with organizational needs and market conditions
Prepare financial forecasts to facilitate financial and business planning
Implement budget plans to manage resource allocation to business activities
Manage actual budget to enable financial operations to be measured against forecasted business plans
Monitor budget outcomes to ensure proper utilization and accounting of resources against their intended purposes
Present financial forecasts, budgets and budget outcomes to immediate supervisors for review and approval
Financial Management and reporting
Knowledge of Accounting standards for assets, liabilities and tax
Understands cash flow analysis
Knowledge of when there is threat to the organization's finances
Determine the organization's risk appetite
Determine the organization's cost of debt, cost of equity and expected returns
Provide cost-vs-benefit analysis on potential investments
Financial Analysis
Apply financial ratio analyses to support organisation's decision-making.
Draws valid and in-depth conclusions about the organization’s financial performance and financial adaptability
Identify trends by comparing ratios across multiple time period and statement types
Prepare and interpret performance and position of an organisation using financial statements
Financial Modelling
Determine cost and profit variances using costing methods.
Knowledge of standard costing methods including the reconciliation of budgeted and actual profit margins
Planning and operational variances
Apply standard costing methods including the reconciliation of budgeted and actual profit margins
Distinguish between planning and operational variances
Tax Compliance and Management
Aware of relevant laws and regulations on taxation across various tax types (VAT, WHT, levies, etc.)
Prepares relevant financial reports for taxation purposes
Conversant with various tax avoidance techniques and optimises all tax waivers and capital allowances in preparing taxation reports.
Identifies potential tax exposures and ensures compliance with tax laws.
Liaise with relevant tax authorities (LIRS, FIRS etc) to ensure remittance of all applicable taxes and collection of all necessary documentation
Financial Control
Coordinates the processing of accounting transactions.
Examines operational financial policies and processes and makes recommendations for improvement.
Conversant with accounting concepts/ principles and their accounting treatments.
Identifies accounting issues in transactions and ensures appropriate treatment/disposition.
Proactively identifies possible process control issues and highlights improvement recommendations
Other tasks and duties as assigned from time to time
Qualifications
Additional Information
Skills and Competencies
Finance Acumen
Cost Optimization
Budgeting and financial forecasting
Financial Analysis and Interpretation
Financial Accounting
Financial Management
Business planning and analysis
Investment planning and portfolio management
Corporate finance
Financial reporting
Treasury management
Financial modelling and analysis
Tax planning/management
Knowledge of relevant Accounting software
Generic competencies
Strategic Awareness
Leadership and People Management
Operational Efficiency
Professionalism
Teamwork
Interested and qualified candidates should forward their CV to: using the position as subject of email.
Interested and qualified? Go to SpaceFinish Africa on fadacresources.zohorecruit.com to applyBuild your CV for free. Download in different templates.
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