Finance Officer at VFD Group

JOB PURPOSE

• Responsible for the preparation of quarterly budget and forecast and analysis of financial studies and reports.
• Reporting to the Head, Finance, this role involves providing sound financial advice and support to colleagues and management to enable them to make sound business decisions.
• The ability to work without direction, use initiative and possess a positive attitude towards teamwork is critical.
• A hands-on position that requires working knowledge of accounting disciplines such as, financial accounting, compliance reporting and budget preparation is essential.
• Responsible for the preparation of quarterly budget and forecast and analysis of financial studies and reports

DIMENSIONS

• Entrepreneurial, enthusiastic with capability to use initiative and intellectual capital to derive solutions.
• Comfortable with working under pressure, to clear deadlines and focus on bottom-line.
• High achiever with evidence of continuous leadership roles and academic prowess.
• Goal-directed with excellent negotiating skills and high comfort levels in rapid and early closure.
• Attention to detail, displays natural tact/discretion with imagination and drive.

AREAS OF RESPONSIBILITY

1.Finance Operations

• Prepare template, guidelines for annual budget processing
• Assist Head of Finance in the development of the annual budget and performs periodic analysis to ensure the company is operating within budget guidelines
• Provide training to budget holders so that they understand key financial concepts
• Ensure all budget holders understand the financial information they are sent every month and to answer questions they may have
• Develop and analyze the annual budgets to ensure expenditures are within appropriate operating ratios and they meet projected growth expectations
• Assist in gathering information in preparation for the annual financial audits
• Prepare monthly projections comparing projected revenue to actual revenue booked in the general ledger
• Prepare monthly projections comparing projected spending to actual spending budgeted for the period
• Prepare management reports and Financial report in line with defined report formats and present to the Head of Finance
• Prepare quarterly management reports, to include P&L/Balance Sheet and analysis of variances.
• Constantly communicate with Department Heads to verify budget overruns (where required) and justification for such
• Perform monthly analysis of the financial statements to determine variances and areas for improvement
• Produces monthly reports necessary to explain the variances to be used by management
• Prepare and monitor cash flow projection
• Periodically reviews balance sheet accounts to ensure accuracy
• Assist in reporting on financial results for Everdon's operations and ensures that all financial reports are accurate and completed in a timely manner
• Work with the internal auditor to help manage Everdon's Financial compliance with both the internal documentation and evaluation of internal controls and the ongoing monitoring and testing
• Performs other duties as assigned

2.Communication and Reporting

• To liaise with all departments, when necessary
• To report to the Head, Finance regularly on Financial operations at meetings and at other times.Issues raised/discussed must be reported
• To provide such information to the Head, Finance as required in order to assess the performance of the business and achievement of agreed strategy and budget

3.Key Performance Indicators

• Accuracy of Budget draft
• Timeliness of Budget preparation
• Timely detection of significant budget variation
• Timeliness and accuracy of budget uploaded on the financial system
• Financial KPIs - Financial target schedule as updated from time to time

KNOWLEDGE/SKILLS/EXPERIENCE

Essential

• BSc or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc) from a reputable university.
• First-hand experience in planning, budgeting and forecasting
• Knowledge in Financial analysis and reporting will be preferred
• Sound knowledge of Nigeria fiscal legislation
• 4-5 years of relevant work experience in accounting, finance
• Analytical approach to work;
• Good time management skills and the ability to prioritise;
• Ability to lead, motivate and develop a finance team
• Working knowledge of Microsoft Office Suite and other relevant accounting tools
• Must be ICAN/ ACCA chartered

Desirable

Professional Qualifications and membership in relevant professional body (ACCA, CIMA, CIPFA or equivalence)

Generic Skills

• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation