Finance Manager at Powerex

Job Summary

• The Finance Manager is responsible for overseeing the financial operations of the company, ensuring accuracy in financial reporting, compliance with regulatory requirements, and efficient management of financial resources. 
• The role includes handling tax audits, financial planning, cash management, and accounts reconciliation to support the company’s financial health and strategic goals.

Responsibilities
Financial Management and Reporting:

• Oversee financial reporting and ensure compliance with accounting standards.
• Prepare monthly closure and management meeting reports.
• Review and approve vouchers, stock requests, and cash management transactions.
• Manage financial postings and processing on Sage (Melange and Powerex).
• Conduct inventory stock analysis and receivable follow-ups with clients.
• Analyze foreign sales reports for audit and management purposes.

Taxation and Audit Compliance:

• Lead tax audits, respond to auditors’ queries, and ensure accurate tax filings (FIRS, and LIRS).
• Oversee ITF annual returns and other statutory tax compliance requirements.
• Coordinate meetings with regulatory bodies for tax assessments and compliance.

Cash Flow and Treasury Management:

• Manage company cash flow, ensuring availability of funds for operations and investments.
• Supervise FX bidding and purchase for foreign supplier payments.
• Oversee loan documentation, interest calculations, and loan liquidation.

Strategic Financial Planning:

• Support senior management in financial decision-making and strategy implementation.
• Coordinate finance department operations and streamline financial processes.
• Conduct financial reviews to optimize costs and improve profitability.
• Develop and review job descriptions and SOPs for financial departments.

Stakeholder Engagement and Coordination:

• Liaise with external consultants, banks, and auditors for financial assessments.
• Facilitate payment follow-ups with key clients, suppliers, and partners.
• Provide financial insights to support corporate decision-making.

Key Performance Indicator
Financial Performance & Reporting:

• Timeliness of financial reports
• Accuracy of financial forecasts
• Cost Management and efficiency
• Management of operating cost by implementing cost savings initiatives
• Number of successful initiatives
• Costs saved
• Compliance rate with Financial Regulations
• Number of issues identified during internal audits
• Team management and development
• Team productivity
• Training and development sessions conducted
• Contribution to business strategy
• Level of financial insights provided.

Key Competencies and Skills:

• Strong knowledge of financial reporting and accounting principles.
• Expertise in tax laws, audits, and statutory compliance.
• Proficiency in financial software, especially Sage
• Excellent cash management and treasury operations skills.
• Strong analytical and problem-solving abilities.
• Effective leadership and team coordination skills.
• Ability to handle financial negotiations and stakeholder engagements.
• Support senior management in financial decision-making and strategy implementation.
• Coordinate finance department operations and streamline financial processes.
• Conduct financial reviews to optimize costs and improve profitability.
• Develop and review job descriptions and SOPs for financial departments.