Financial Controller (Reporting Analyst) at Konstructum Contracting Company

Overview of Job

• The Financial Controller (Reporting Analyst) is responsible for supporting the organisation’s financial reporting, analysis, budgeting, and financial control activities.
• The role involves preparing and reviewing financial reports, analysing financial performance, monitoring budget variances, maintaining accurate financial records, and providing actionable insights to support management decision-making.
• The role also supports month-end and year-end closing processes, cash flow reporting, project cost analysis, account reconciliations, and compliance with established accounting policies and financial reporting standards.
• The successful candidate will work closely with the Finance and Accounting Team and other departments to ensure the accuracy, timeliness, and reliability of financial information and strengthen the organisation’s financial control processes.

Roles and Responsibilities
Financial Reporting and Analysis:

• Prepare periodic financial reports, management accounts, and performance summaries for management review.
• Compile and analyse financial data to assess revenue, expenditure, profitability, and overall financial performance.
• Review financial reports for accuracy, completeness, consistency, and compliance with established reporting requirements.
• Analyse actual financial results against budgets, forecasts, and previous reporting periods.
• Identify significant financial variances, investigate underlying causes, and communicate findings to relevant stakeholders.
• Prepare financial dashboards, schedules, and reports to support management decision-making.
• Ensure that financial information is properly documented, reconciled, and presented within agreed reporting timelines.

Budgeting and Forecasting:

• Support the preparation of annual budgets, departmental budgets, and periodic financial forecasts.
• Monitor actual expenditure and revenue against approved budgets and identify significant variances.
• Assist in preparing budget performance reports and analysing deviations from financial targets.
• Work with relevant departments to obtain financial information required for budgeting and forecasting activities.
• Support the preparation of financial projections based on historical performance, planned activities, and expected business commitments.
• Identify trends in revenue, expenditure, and operating costs that may affect financial performance.
• Recommend improvements to budgeting, forecasting, and financial reporting processes.

Financial Control and Accounting Operations:

• Review financial transactions and supporting documentation to ensure accuracy and compliance with internal procedures.
• Support the maintenance and review of general ledger records and account reconciliations.
• Assist with month-end and year-end closing activities, including the preparation of supporting schedules and reconciliations.
• Monitor compliance with financial policies, expenditure approval limits, and established internal controls.
• Identify discrepancies, unusual transactions, and potential control weaknesses and escalate them to the appropriate supervisor.
• Support the accurate classification and recording of financial transactions.
• Maintain organised financial records and supporting documentation for reporting, review, and audit purposes.

Project Cost and Performance Monitoring:

• Monitor project-related expenditure and compare actual costs against approved budgets.
• Analyse project financial performance and identify cost variances, potential overruns, and emerging financial risks.
• Collaborate with project and operational teams to obtain accurate information on project costs, commitments, and expenditure.
• Assist in preparing project financial reports, cost summaries, and budget performance analyses.
• Monitor project-related payments, receivables, and other financial information relevant to project performance.
• Support the review of cost estimates and financial projections for ongoing and proposed projects.
• Provide financial insights to support cost control and improve project financial performance.

Cash Flow and Working Capital Reporting:

• Prepare and maintain cash flow reports and forecasts to support financial planning.
• Monitor receivables, payables, and other working capital items and report significant movements.
• Review cash flow trends and identify potential funding gaps or liquidity concerns.
• Assist in monitoring outstanding customer payments and supplier obligations.
• Reconcile relevant cash and bank balances and investigate discrepancies where necessary.
• Support the preparation of reports on cash positions, payment commitments, and expected inflows and outflows.

Compliance, Audit and Documentation:

• Ensure that financial reports are prepared in line with applicable accounting standards and organisational reporting procedures.
• Support the preparation of schedules and documentation required for internal and external audits.
• Assist in providing financial information and supporting documents requested by auditors and other authorised parties.
• Maintain accurate records of  financial transactions, reconciliations, reports, and supporting schedules.
• Support compliance with applicable tax, statutory reporting, and financial documentation requirements.
• Assist in implementing recommendations arising from financial reviews and audit findings.
• Maintain the confidentiality and integrity of financial information.

Process Improvement and Stakeholder Coordination:

• Identify opportunities to improve the accuracy, efficiency, and consistency of financial reporting processes.
• Support the development and maintenance of standard financial reporting templates, trackers, and procedures.
• Use spreadsheets and financial reporting systems to improve data processing and reporting efficiency.
• Liaise with relevant departments to obtain, verify, and reconcile financial information.
• Prepare financial summaries and presentations for management meetings.
• Follow up on outstanding financial information and reporting requirements to ensure timely completion.

Key Requirements
Qualifications:

• Minimum of a Bachelor’s Degree in Accounting,  Finance, Economics, Business Administration, or a related discipline.

Work Experience:

• 4-6 years of relevant experience in financial reporting, accounting, financial analysis, or a related field.
• Experience preparing management accounts, analysing financial performance, and monitoring budget variances.
• Practical experience with account reconciliations, month-end closing, and financial documentation.
• Experience using Microsoft Excel and accounting or ERP systems for financial reporting and analysis.
• Experience in the construction, engineering, infrastructure, or project-based industries is an advantage.

Knowledge Requirements:

• Knowledge of financial accounting principles and applicable accounting standards.
• Understanding of management reporting, financial analysis, and performance measurement.
• Knowledge of budgeting, forecasting, and variance analysis.
• Understanding of general ledger management, account reconciliation, and financial closing procedures.
• Knowledge of internal controls, audit requirements, and financial compliance procedures.
• Understanding of project costing, expenditure monitoring, and budget control.
• Knowledge of cash flow reporting, receivables, payables, and working capital.
• Familiarity with accounting software, ERP systems, and spreadsheet-based reporting tools.

Professional Certification/Affiliations:

• Membership or relevant qualification from the Institute of Chartered Accountants of Nigeria (ICAN) or the Association of Chartered Certified Accountants (ACCA) is an advantage.
• Relevant certification in financial analysis, management accounting, or financial reporting is desirable.
• Membership of other recognised accounting or finance professional bodies is an advantage.

Technical Skills:

• Financial reporting and management accounts preparation.
• Financial data analysis and interpretation.
• Budget preparation, forecasting, and variance analysis.
• General ledger review and account reconciliation.
• Month-end and year-end financial closing procedures.
• Project cost monitoring and financial performance analysis.
• Cash flow reporting and working capital monitoring.
• Proficiency in Microsoft Excel, including formulas, lookup functions, PivotTables, and data analysis.
• Familiarity with accounting software and Enterprise Resource Planning (ERP) systems.
• Financial dashboard preparation and management reporting.
• Data validation, financial documentation, and record management.
• Knowledge of accounting standards, internal controls, and audit procedures.

Competencies Required:

• Financial Reporting and Analysis
• Analytical Skills and Attention to Detail
• Applying Expertise and Technology
• Planning and Organising
• Problem-Solving and Decision-Making
• Integrity, Confidentiality and Professional Judgement
• Financial Control and Accountability
• Writing, Reporting and Communication
• Working with People and Stakeholder Management
• Initiative and Continuous Improvement.