Finance Manager at Hreade

Job Summary
The job exists to provide strategic and functional leadership to the Finance Team at the Organisation. The role is responsible for providing financial direction, planning and accounting to the business with the aim to meet short-term and long-term financial goals while ensuring fiscal compliance & governance. The role is also responsible for managing money and cash to maximize return on investment while minimizing risk and ensure that there is proper control structure is in place in managing investments.
Primary Responsibilities

• Business strategy & financial management
• contributes to the formation of the business strategy as a business partner and ensures that all financial policies, procedures and systems are comprehensive;
• prepares the company’s annual operating plan, business financial plan and analytics;
• responsible for designing an accounting structure adequate for achieving the company’s goals and objectives;
• ensures effective control and corporate governance environment is created and embedded within the financial reporting function in line with the company policy and procedures including enterprise risk management;
• prepares and presents company’s financials at board meetings where required;
• provides adequate support to the joint venture operations;

    Funds management

• forecasts cash flow positions, related borrowing needs, and available funds for investment;
• ensures that sufficient funds are available to meet ongoing operational and capital investment requirements;
• manages financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions;
• manages company’s equity and debt financing while maintaining banking relationships;

    Budgeting and financial forecast

• develops plans, budgets, forecasts and financial results to guide management decisions;
• responsible for preparing the company’s operating and capital expenditure budgets for management review and approval;
• responsible for budgets and ensuring goal actualization with regards to the finance and accounting function;
• provides periodic updates to the management team on budget variance;
• works closely with the management team in the formulation of overall strategic direction;
• provides consulting services to line managers within the organization, advising them of current budgetary information and working with managers to create a fiscal strategy that aligns with the goals of the organization;

    Financial analysis

• monitors financial performance by measuring and carrying out periodic analysis of company’s financial position, identifies gaps or areas of improvement that can realign company towards achieving set goals and objectives;
• responsible for presenting and reporting accurate and timely historical financial information of the ceo and board of directors;
• monitors operating expenses, recommends and implements cost cutting initiatives while still working within company’s policies.
• works closely with the sales and marketing department in costing products for the company;
• manages the capital budgeting process, based on constraint analysis and discounted cash flow analysis;
• conducts financial analysis and report as requested by executive management;

    Accounting function

• responsible for the development of policies and systems necessary for the effective running of the accounting and finance function;
• advises management on matters of fiscal procedure and importance for the organization while ensuring compliance with the financial procedures of the organization;
• handles tax matters and liaises with government bodies (lirs and firs), statutory audits and internal audits;
• recommends and manages company’s payroll structure in line with lagos state internal revenue service (lirs) standards.
• works closely with the human resources department in the effective management of payroll while ensuring that all required levies and statutory deductions are made as at when due.

Education Requirements

• minimum of a bachelor’s degree in accounting, banking, finance or related field;
• possession of a professional accounting certification such as ican/acca is mandatory;
• mba/ master’s in finance or cfa is an added advantage.

Technical Requirements

Use of accounting software

Knowledge Requirements

• knowledgeable of local tax systems.
• knowledge of statutory and regulatory issues as well as global best practices.
• knowledgeable in ifrs

Skills Required

• writing and reporting;
• leading and supervising;
• applying expertise and technology;
• formulating strategies and concepts;
• planning and organising;
• analysing;
• following instructions and procedures.

Other Requirements
Work Experience

minimum of 5-7 years of relevant work experience in accounting and finance with at least 3-years in a leadership finance role.