Finance Manager at iRecruiters Africa Limited

Job Description

Our Client is a major player in the food and beverage sector, and they are looking to hire a Finance Manager. The ideal candidate will be responsible for  managing the day to day operations of the accounts department, like preparation and management of the financial budgets, implementing and overseeing all activities relating to the financial aspects of the business in compliance with the local tax laws and the standard operating procedure. 

Responsibilities

Strategic Responsibilities

• Provide strategic management of the finance function.
• Establish and oversee the accounting policies, procedures and internal controls for the company, including but not limited to revenue recognition, cash management and controls, expense approval authorities, depreciation schedules, etc.
• Oversee the reporting of company financial activity to tax authorities.
• Facilitate organisational accountability and transparency, while providing strategic leadership.
• Set up a budgeting process for the company, and work with business heads to prepare budgets, report results, analyse variance and initiate corrective actions.
• Work with the CEO to analyse organisation operations, and to identify opportunities for improvement, cost reduction, and systems enhancement.
• Provide analysis, insight and advice on financial performance to the CEO and business unit leaders for sound decision-making for the company.
• Work with the CEO and the Human Resources Manager on financial management and oversight of employee benefit and compensation plans.

Operational Responsibilities 

• Support in the development and articulation of financial strategy for the company’s business growth plans.
• Monitor and improve operation costs, profitability and manage business risks.
• Ensure compliance with statutory authority and audit requirements including FIRS.
• Prepare and review annual budgets, monthly forecasts and operating results.
• Identify and research appropriate investment opportunities for the Company that maximises the returns whilst complying with our liquidity requirements. 
• Develop the forecasting models (P&L, Balance Sheet and Cashflow)
• Prepare monthly accounts (P&L, Cash flow statements and balance sheet)
• Co-ordinate and prepare annual budgets, including operating and capital expenditure budgets.
• Ensure all company assets are monitored and accurately accounted for.
• Liaise with external advisors during the preparation of statutory financial information
• Preparation of annual statutory accounts.
• Preparation of tax computations (VAT and Company Tax).
• Prepare payroll figures and manage insurance.
• Review company internal controls.
• Actively identify and research new opportunities to reduce costs for the Company
• Actively participate in senior-level meetings/discussions, potentially related to long-term financial plans, and strategy development for various projects. 
• Evaluate, develop and implement financial and cash management systems to optimize efficiencies. 
• Assist with profit improvement opportunities for the restaurant operations.

Requirements

• Minimum of first degree in Accounting, Finance, Economics or any related field. A Master’s degree is an added advantage.
• Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent is mandatory.
• Minimum of 8 years cognate experience, with at least four years’ experience in a similar role in the hospitality sector.
• Good knowledge of Financial management, Cash Flow management, Management Accounting, Financial performance reporting, Financial planning, Risk management