Finance & Acoount Officer at Transkredit Finance Company

Job Summary

• The Finance Officer will spearhead all facets of financial management, encompassing corporate accounting, regulatory and financial reporting, budget and forecast preparation.
• Additionally, the role includes tax management, administration, and acting as a consultant for management by conducting comprehensive cost and revenue analyses.

Responsibilities
Management Accounting:

• Maintains and enforces a documented system of accounting policies and procedures.
• Manage outsourced functions.
• Oversee the operations of the Finance department, establishing an organizational structure conducive to achieving departmental goals and objectives.
• Supervise the accounting operations of Transkredit.
• Ledger proofs and effective monitoring.
• Develop an organizational structure within the accounting department to facilitate the achievement of short-term goals and long-term objectives.
• Manage and mentor junior personnel in the accounting department.

Transaction processing:

• Ensure timely payment of accounts payable.
• Maximize reasonable discounts on accounts payable.
• Promptly collect accounts receivable.
• Complete periodic bank and ledger reconciliations.
• Ensure timely debt payments.
• Maintain the chart of accounts and manage the general ledger for accuracy.
• Manage tax-related matters (VAT, WHT, PAYE), liaising with the company’s tax consultant, auditor, and regulators for efficient tax management.
• Advise and liaise with Operations on transaction postings to ensure the correct GL.
• Call over operational postings for effective monitoring.

Financial Reporting and Budgeting:

• Prepare monthly, quarterly, and annual management accounts for management and regulators.
• Issue timely and complete financial statements.
• Coordinate the preparation of the corporate annual report.
• Recommend benchmarks against which to measure the performance of company operations.
• Calculate and issue financial and operating metrics.
• Manage the production of the annual budget and forecasts.
• Calculate variances from the budget and report significant issues to management.
• Provide for a system of management cost reports.
• Offer financial analyses as needed, particularly for capital investments, pricing decisions, and contract negotiations.
• Ensure that financial reports comply with current accounting principles and financial reporting standards.
• Publish complete and timely financial statements to company executives, shareholders, and the board.
• Account for any budget variances and report significant discrepancies to management.
• Recommend benchmarks for the measurement of company financial performance goals.
• Responsible for filing quarterly and annual reports with the Securities and Exchange Commission.

Processes:

• Adhere to SLAs and communicates appropriately to internal clients.
• Ensure that all procedures and controls are fully documented, fit for purpose, appropriately communicated and adhered to.
• Ensure procedures are compliant with all relevant regulatory and legal considerations and the team is properly trained to carry out such responsibilities.
• Understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business.
• Oversee customer support processes and organize them to enhance customer satisfaction.

Compliance:

• Provide regulatory reports to the compliance department for rendition.
• Coordinate the provision of information to external auditors for the annual audit
• Monitor debt levels and compliance with debt covenants
• Comply with Local, State, and Federal government reporting requirements and tax filings.

Requirements

• Interested candidates should possess a Bachelor's Degree / Master's Degree with 5 - 8 years of experience.

Key Competence:

• Knowledge of accounting and financial reporting standards- IFRS and IAS
• Strong analytics and problem-solving skills.
• Vast knowledge across the accounting and finance spectrum - Financial, Management, Tax, Audit, and financial investigation.
• Working knowledge of Microsoft Office Suites (Word, Excel, and Access).
• Ability to work well in a team and independently.
• Database Management skills.
• Excellent interpersonal skills.
• Energetic with sound decision-making skills.