Finance Manager at SpaceFinish Africa

Job Description

PRINCIPAL DUTIES/ RESPONSIBILITIES

Budgeting 

• Manage budgeting and forecasting for annual financial and business planning within the business unit

• Recommend parameters and assumptions for budget forecasting in accordance with organizational needs and market conditions

• Prepare financial forecasts to facilitate financial and business planning

• Implement budget plans to manage resource allocation to business activities

• Manage actual budget to enable financial operations to be measured against forecasted business plans

• Monitor budget outcomes to ensure proper utilization and accounting of resources against their intended purposes 

• Present financial forecasts, budgets and budget outcomes to immediate supervisors for review and approval

Financial Management and reporting 

• Knowledge of Accounting standards for assets, liabilities and tax

• Understands cash flow analysis

• Knowledge of when there is threat to the organization's finances

• Determine the organization's risk appetite

• Determine the organization's cost of debt, cost of equity and expected returns

• Provide cost-vs-benefit analysis on potential investments

Financial Analysis

• Apply financial ratio analyses to support organisation's decision-making.

• Draws valid and in-depth conclusions about the organization’s financial performance and financial adaptability  

• Identify trends by comparing ratios across multiple time period and statement types

• Prepare and interpret performance and position of an organisation using financial statements 

Financial Modelling

• Determine cost and profit variances using costing methods. 

• Knowledge of standard costing methods including the reconciliation of budgeted and actual profit margins

• Planning and operational variances

• Apply standard costing methods including the reconciliation of budgeted and actual profit margins

• Distinguish between planning and operational variances

Tax Compliance and Management 

• Aware of relevant laws and regulations on taxation across various tax types (VAT, WHT, levies, etc.)

• Prepares relevant financial reports for taxation purposes

• Conversant with various tax avoidance techniques and optimises all tax waivers and capital allowances in preparing taxation reports.

• Identifies potential tax exposures and ensures compliance with tax laws.

• Liaise with relevant tax authorities (LIRS, FIRS etc) to ensure remittance of all applicable taxes and collection of all necessary documentation

Financial Control

• Coordinates the processing of accounting transactions.

• Examines operational financial policies and processes and makes recommendations for improvement.

• Conversant with accounting concepts/ principles and their accounting treatments.

• Identifies accounting issues in transactions and ensures appropriate treatment/disposition.

• Proactively identifies possible process control issues and highlights improvement recommendations

• Other tasks and duties as assigned from time to time

Qualifications

• 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 required
• Minimum of 7 years post-qualification experience, 3 of which must have been spent in a managerial role.

Additional Information

Skills and Competencies 

• Finance Acumen

• Cost Optimization

• Budgeting and financial forecasting

• Financial Analysis and Interpretation

• Financial Accounting

• Financial Management

• Business planning and analysis

• Investment planning and portfolio management

• Corporate finance

• Financial reporting

• Treasury management

• Financial modelling and analysis

• Tax planning/management

• Knowledge of relevant Accounting software

Generic competencies

• Strategic Awareness

• Leadership and People Management

• Operational Efficiency

• Professionalism

• Teamwork