Finance Manager and Procedures Development Lead at Alfred & Victoria Associates

Location: Lekki Phase I, Lagos
Department: Finance and Accounting
Reports to: MD & Board of Directors

Job Summary

• The Finance Manager has overall responsibility for the financial activities of the company. The role will, in addition to managing the company accountant, include providing support to the management team on a variety of finance related issues, including direct liason with Corporate CFO office, while also ensuring maximum return on investment and minimizing risk of financial loss through unsecured exposures.
• The Finance Manager will also provide in-depth financial analysis including, but not limited to financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, reviewing operational performance and development and implementation of a detailed manual of policies and procedures to guide the operations of the company as a going concern.

Key Role and Responsibilities
Management:

• Manage the job function of the company accountant and 1st level approver for all financial transactions.
• Develop, implement, and maintain a documented system of accounting, internal control activities and general operational set of policies and procedures, in line with Company’s guidelines and approved by the Board of Directors.
• Manage outsourced functions and personnel.
• Establish and maintain close liaison with Corporate CFO office for support, preparation, and approval of MRF, management reports, cash flow statement and treasury operations.

Funds Management:

• Forecast cash flow positions and/or related borrowing needs and propose cash management options to Corporate CFO office for approval.
• Ensure sufficient availability of funds to meet ongoing operational and capital investment requirements.
• Ensure all local currency sales are hedged against a major convertible currency to mitigate financial risks related to financial exposures or foreign exchange positions.
• Maintain banking relationships.
• Manage trade finance requirements/instruments to fulfill business needs.
• Monitor and manage receivables and credit limits.

Budgeting:

• Work with Managing Director during the annual budget cycle to develop the company's financial targets for the year and prepare budget presentation for management approval.
• Assist management in the formulation of its overall strategic direction.
• Prepare quarterly management report showing variances across the different financial KPIs of the budget and provide reasons for such variances.

Financial Analysis:

• Engage in ongoing cost reduction analysis in all areas of the company.
• Interpret the company's financial results to management and recommend improvement activities.
• Assist in the determination of product pricing in relation to features offered and competitor pricing.
• Support the CAPEX approval process by preparing economic evaluation models showing Net Present Value (NPV) and Internal Rate of Return (IRR) based on a discounted cash flow analysis and establishment of realistic cost and revenue estimates that are in line with the market.
• Any other ad hoc financial activities of the company.

Requirements
Academic Qualification:

• Bachelor’s Degree in Finance, Accounting, or equivalent Business experience
• Possession of a Master’s Degree in a Commercial discipline will be an advantage.

Professional Qualification:

• Preference will be given to candidates with ACA, ACCA, CIMA, CFA or similar certification.

Experience:

• 5 years of mid-senior level experience for a major company or division of a large corporation.

Skills & Competencies:

• Detailed working knowledge of accounting, including understanding of the International Financial Reporting Standards (IFRS), corporate finance and management reporting
• Conversant with MS office and wide range of accounting/ERP packages.
• Attention to detail, deadline-oriented, confidentiality, time entry and general math skills.
• Excellent communication skills are essential, particularly with regards presenting the results of analysis to management.
• Should have an outstanding knowledge of electronic spreadsheets.

Salary
Very Attractive.