Finance Manager at Paelyt

Location: Lekki Pennisula, Lagos

Job Description

• Manage the budgeting process and general long-term financial planning (including cash flow forecasting).
• Coordinate financial reporting efforts to ensure timely and accurate production of financial results.
• Liaise with external Auditors for annual financial audits and preparation of statutory financial statements.
• Support compliance with regulatory requirementsEnsure all tax filings are carried out in a timely manner.
• Build relationships with existing and prospective bank partners to optimize processing costs and other related services.
• Prepare and review Prepayment schedule, Accrual, Accrued expenses and provision ledgers.
• Prepare Monthly Management Account (Profit & Loss, Balance sheet etc.)
• Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
• Ensure all statutory taxes (i.e. VAT/Corporate Tax/PAYE/WHT) accounts are reconciled.
• Automate existing & future finance team tools to minimize manual updating & inputs to dramatically increase team efficiency
• Advise on investment activities and provide strategies that the company should take.
• Maintain the financial health of the organization.

Key Performance Indicators
Transaction processing and Efficiency:

• % Variance to Expense Budget
• Payment error rate
• Internal customer (i.e. other departments) satisfaction survey score
• Timeliness of remitting Corporate tax (date), VAT/WHT (date), pensions (date) and PAYE (date)
• Frequency sanctions/penalties as a result of delays or errors
• % Automated Reporting from Accounting System
• % Master Data Accuracy Overall (CoA, Customers, Suppliers etc)
• Number of Days to complete Month End
• % of invoices Paid by Due Date

Finance People and Technology:

• % Compliance with ERP System Controls
• Number of transactions approved outside the ERP
• Frequency of system downtime within and outside the office network
• % Automated Reporting from Accounting System, SAGE 200
• Rate of finance staff turnover
• Number of disciplinary actions (finance staff)
• % Appraisals Completed on Time (Finance Staff)
• % Absenteeism (Finance Staff)

Insight:

• % of time used on data analysis, management reporting and providing management insights
• Debtor days
• % Strategic Risks Mitigated
• Content of management reports

Reporting and Compliance:

• Financial report error rate
• Number of audit adjustments/journals raised
• Audit Score Ratings (#)
• Number of days to conduct period end close activities
• Degree of meeting internal and external reporting deadlines
• % Policies & Processes up to Date
• % Audit Findings Resolved by Deadline

Finance and Accounting Planning:

• Process turnaround time (days)
• Timeliness of preparing Finance and Account Plan
• Alignment between the Finance plan and the Paelyt’s Corporate objectives
• Error rate (%)

Budget Preparation and Monitoring:

• Days to complete Budget
• Timeliness of preparing the Corporate Budget (date)
• Timeliness of preparing the Budget Performance Report (date)
• Error rate (%)
• Degree of variance between planned and actual budget figures
• Reduction in volume of extra-budgetary expenditure

Training and Development:

• % Personal Capability/Training Achieved
• % Finance Staff Capability/Training Achieved

Required Qualifications

• Bachelor's Degree or Higher in Finance or related discipline. Qualified Accountant (e.g. ACCA, CFA, CPA, ICAN etc.)
• A Master's degree will be an advantage.
• Possess 7 - 10 years of relevant experience in an Accounting or Finance position in a financial Services Organization, FinTech or regulated Company environment.
• He will also be IFRS compliant and be savvy on related and contemporary finance issues/topics.
• Good knowledge of Financial Modeling
• Detail-oriented, strategic and analytical

Skills:

• Decision-making and problem-solving skills.
• Leadership skills with the ability to delegate, motivate and inspire team members. Be proactive in creating and executing plans to demonstrate leadership skills
• Honesty and integrity.
• Strong written and verbal communication skills.
• Ability to manage time effectively
• Cash Management, Financial Accounting, and Corporate Finance Competence
• Strong Work Ethic. Work smart and fast.
• Firm grasp of the fundamentals of budgeting, analysis, compliance, risk management and other accounting principals

Abilities:

• Financial Management
• Teamwork
• Communication Skills – Written and Oral
• Digital Literacy
• Problem Solving
• Service Orientation
• Quality Assurance
• Ability to work under pressure reliably.