Finance Manager at Nigeria Machine Tools Limited (NMTL)

Job Description

• This position is responsible for financial management and day to day analysis and reporting of factory finances.
• The job holder oversees accounting and finance and ensures timely and accurate financial reporting, effectiveness of the accounting system and compliance with regulatory and operational standards.

Responsibilities
Key responsibilities include:

• To manage the factory - sales - Business development finance function
• Lead all cost accounting and general accounting operations
• Responsible for product costing and variance analysis
• Provide profitably of the SBU's activity
• Continuous review and monitoring of material, labor and burden accounts to ensure proper reporting
• Supervise the maintenance of manufacturing ledgers, cost accounting activities, and the preparation of plant financial and other control reports
• Develop the plant’s budget & forecasts accurately to ensure financial accountability
• Close financial books every period, report results and explain variances
• Manage the budget; monitor budget implementation, highlight deviations and recommend appropriate interventions.
• Provide and interpret financial information for practical application to guide operations across departments and the factory.
• Manage the factory’s accounting systems and procedures, ensure they are up-to-date and in compliance with all applicable statutory and regulatory requirements.
• Coordinate the preparation of financial statements; review and ensure accuracy of accounting records; ensure timely and accurate financial reporting.
• Facilitate and coordinate the preparation of year end closing and financial statements.
• Provide period and ad-hoc reports and financial analysis as required to support management decision making.
• Prepare monthly and other periodic financial results including various analyses, highlighting financial KPIs performances versus target.

Educational/Professional Qualifications

• Minimum of first degree in Accounting or related discipline.
• ACA, ACCA, CFA or any other professional qualification in relevant discipline
• MBA will be an advantage.
• Minimum of 10 years experience in a structured organization part of which must be in manufacturing.

Knowledge/ Skills and Personal Qualities:

• Ability to prepare financial report and interpret accounting figures.
• Strong analytical skills; ability to monitor appropriate financial measures; interpret and use data to help in decision making
• Excellent interpersonal skills; ability to collaborate, consult and share information with managers
• Ability to identify problems or risks and make suggestion to mitigate them
• Sound knowledge of financial and government guidelines.
• Computer savvy and sound knowledge of accounting packages.
• integrity and dependability with a strong sense of urgency and results.