Finance Executive at Tropical General Investments (TGI) Group

Location: Airport Road, Lagos

Duties & Responsibilities
Financial Accounting:

• Accounting policies’ compliance – ensuring accounting policies are effectively adhered to.
• Reconcile items like revenues, receivables, payables, inventories, advances and miscellaneous income, to make sure they lie within accounting policy definitions.
• Working with various corporate & product teams to ensure accuracy & timely preparation of monthly  relevant reconciliations & schedules to meet Corporate accounting requirements.
• Monthly preparations of balance sheet schedules to ensure cleanliness of financial accounts.

Implements/Supervises Internal Controls:

• Protects and preserve the company's assets to comply with financial reporting and control requirements.
• Ensure adherence to company-wide accounting & other policies 
• Own the data. Collaborate with the various teams & business counterparts and take responsibility for the accounting, preparation of financial and management reporting information.
• Prepare periodic updates of financial reports;
• Adherence of Standard operating processes in the following areas:
  • Weekly reviews and reports
  • Assist in month close activities, preparation of monthly reports, follow-up with branch & plant accounting teams
  • Reconciliations
• Ensure systemization through SAP reporting
• Review any specific areas agreed with manager finance as crucial.

Financial Planning & Projections:

• Providing insightful information on key value / growing drivers & variance reports
• Assist in preparation of annual comprehensive budget in a timely manner and presentation for final approval
• Proactively work on accounting complexities
• Assist in preparing financial model & analysis of financial feasibility of new projects.

Treasury:

• Preparation of cash flows (weekly, monthly, annually)
• Assure the provision of adequate responses to banks & other external stake holders.
• Assure that the periodic reporting requirements to banks are met in a timely manner;
• Prepare daily bank status reports and cash flow forecasts
• Prepare weekly/ monthly bank reconciliations

Budgeting Control:

• Prepare budget control reports
• Ensure follow-ups on effective implementation of corrective actions based on budget performance reports

MIS Reporting:

• Assist in preparation of monthly financial statements within the specified deadlines & provide analytical reports, follow recommend corrective actions to ensure accounting controls;
• Ensure timely and complete month end & year-end closing in preparation for annual audit.
• Meet set deadlines for various MIS reports
• Prepare & analyse the financial information - PL, Balance sheet schedules.
• Assist in preparation of key variance reports that have occurred between months.
• Prepare key metrics reports (agreed with management) relevant for the business and put up for analysis & discussions.
• Prepare monthly reports in docket in power point slides with all information to be presented & discussed with management.
• Bring out important aspects of accounting transactions

Operations and Risk review:

• Prepare consolidate various corporate MIS reports
• Analyse capital expenditure proposals
• Ensure compliance to capital expenditure policy
• Follow up on actual expenditure and performance – as agreed with management.

External & Internal Audits:

• Coordinate with the external auditors in delivering various audit requirements;
• Execution of annual audits in all department to assure their timeliness and effectiveness;
• Preparation of draft financial statements, quarterly management accounts and provide the necessary explanatory schedules & reports.
• Assure that the recommendations & internal audit queries are effectively implemented & followed

Qualification

• Candidate must be a Chartered Accountant

Experience:

• Experienced Assistant Manager - Finance with 4 to 6 years of overall experience and out of which 3 years in managing the corporate finance function of large organization  (incl. preparation of financial reports, performing reconciliations, decision support, quality MIS, compliance and others).
• Exposed to complex accounting under corporate finance role, payable accounting, banking operations, fixed asset accounting etc.
• Knowledgeable of IFRS along with its right application
• Extensively working on ERP (preferably SAP), proficient in excel, power point exposure is desirable.
• Ample experience leading and working across corporate functions with financial rigour and accountability 
• Experience in coordinating with external & internal auditors of company