Finance Officer at VFD Group

JOB SUMMARY

The role will be responsible for performing all the operational activities related to the financial management function of the group and its entities, including processing payments, posting of transactions and statutory remittances, providing timely and accurate financial information, preparing management accounts and management related reports.

KEY TASK

• Ensure proper internal audit and control system.
• Implement risk management system.
• Investigate fraud within the organization.
• Carry out Audit activities and prepare reports.

RESPONSIBILITIES 

• Ensure effective revenue assurance by appropriate computation of interest and other charges including default and rollover.
• Daily postings of transactions to appropriate books and softwares and update of repayment tracker.
• Produce periodic financial reports, loan disbursed, expected VS actual, matured and maturing, currency purchase and sales report
• Effective filing of transaction documents and maintenance of records for effective audit trails.
• Ensure daily reconciliation of bank balances of all transactions daily.
• Ensure the Monthly remittance of PAYEE and pensions by no later than 5th of the following month
• Collate relevant information for the generation of periodic statutory returns, e.g, tax, for regulatory authorities
• Work with auditors and other parties where necessary.
• Preparation of payroll schedule
• Other duties as assigned

KEY PERFORMANCE INDICATORS

• Timeliness and accuracy of management accounts and reports
• Average time to process invoices on approved transactions
• Average time to approve payments
• Accuracy in cash-flow estimates
• Average budget variances – Actual vs. Plan
• Variances in expense accounts- Actual vs. Plan
• Performance in external audit examinations

COMPETENCE REQUIREMENTS

Core Skills

• Knowledge of the GAAP/IFRS
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data and prepare financial reports, statements, and projections
• Communication & Presentation
• Negotiation
• Working knowledge of Microsoft Office Suite & the Internet
• Generic Skills
• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation
• Team work

SPECIFICATION/ QUALIFICATION
Qualification

• First degree or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc)
• Minimum Experience
• 4 – 5 year relevant experience in financial management/ accounting
• Professional Membership
• Membership of ICAN/ ACCA required and must be working towards obtaining charter