Finance and Accounting Manager at Hreade

Job Summary

• Provides strategic direction with regard to the financials of the company, managing financial activities to ensure compliance and fiscal health.
• Responsible for financial planning, budgeting, forecasting, financial analysis, and optimization of the company’s financial performance.
• Ensures accurate and timely financial reports are provided, adherence to accounting standards, and providing financial results to the executive leadership team and relevant stakeholders.
• Manages financial risks, implements effective cash management strategies, ensures remittance of relevant taxes as at when due, and coordinates internal and external audits.

Essential Job Functions
Accounting:

• Generates organization-wide financial statements.
• Ensures the general ledger, subsidiary ledgers, and other financial records and schedules are accurately maintained.
• Maintains procedures to establish control and reporting of cash transactions, working floats, petty cash, etc.
• Supervises and ensures successful tax filing and annual returns to regulatory bodies.
• Provides analysis of budgets and cash flow schedules and computes related reports including projected profit & loss, balance sheet, cash flow statements, and budget performance across individual projects.
• Monitors and manages all expenses within the allocated budget.
• Manages accounts receivables across each business segment.
• Tracks invoices from clients in conjunction with the commercial department.
• Provides accounting support to the other business units.

Finance:

• Analyses business operations and market trends to project future revenues and expenses.
• Makes recommendations on investment opportunities and strategies for business growth.
• Drafts and designs financial strategies to minimize financial risk.
• Conducts, reviews, and evaluates cost reduction opportunities and drafts long-term business plans based on these reports.
• Evaluates and implements internal control structure and identifies ways to improve financial efficiency.
• Ensures that the organization is compliant with statutory bodies.
• Provides recommendations to management on weaknesses and strengths of the organization by carrying out business analysis.
• Prepares monthly, quarterly, and yearly management and financial reports for the organization.
• Prepares external reports to be shared with commissions and regulatory bodies on the financial status of the organization and shares with management for approval.
• Leads the budget development for the company yearly.
• Advises managers on current budgetary information and assists in developing fiscal strategies aligned with organizational goals.
• Develops appropriate KPIs to monitor and drive financial performance for the organization and shares with management for approval.

Leadership:

• Coordinates, directs, and supervises the day-to-day activities of the department and ensures alignment with the overall goals and objectives of the department and the company.
• Oversees the review and articulates the company’s finance and accounting strategy to ensure alignment with the corporate strategies, business goals, and objectives.
• Demonstrates ownership of and communicates the department’s strategic direction and objectives to all staff in the department.
• Provides leadership and strategic direction to the members of the finance and accounting department to facilitate the achievement of the department’s targets.
• Institutes policies and procedures capable of protecting business resources against waste, fraud, and inefficiency.
• Maintains an effective involvement and understanding of the business to contribute to key business decisions within the company through financial advice and expertise.
• Provides support, service, and advice in all finance matters to the company’s leadership team.
• Performs other tasks as assigned by the CEO.

Education Qualifications

• Bachelor’s Degree in Finance, Accounting, or related discipline from a reputable and accredited university.
• Masters/MBA is an added advantage.
• Professional certification in at least one of the following – ICAN, CFA, CITN, ACCA, ACA is required.

Work Experience:

• 5 - 7 years’ of experience in finance and accounting.
• Experience in the energy industry is an added advantage.

Knowledge Requirements:

• Proficient in the use of Microsoft Office tools.
• Proven competency in managing teams to achieve business objectives.
• Extensive financial and accounting knowledge, including in-depth understanding of finance best practices, and international and Nigerian financial and accounting reporting standards.
• Knowledge of International Financial Reporting Standards (IFRS).
• Good understanding of financial trends and marketing patterns.