Head, Finance and Operations at Transkredit Finance Company

Roles / Responsibilities
Management Accounting:

• Maintains and enforces a documented system of accounting policies and procedures
• Manage outsourced functions
• Oversee the operations of the accounting department, including managing the organizational structure adequate for achieving the department's goals and objectives
• Oversee accounting operations of the company and its subsidiaries
• Create an organizational structure within the accounting department to facilitate the achievement of the department’s short-term goals and long-term objectives.
• Manage and mentor junior personnel in the accounting department.

Transaction:

• Ensure that accounts payable are paid in a timely manner.
• Ensure that all reasonable discounts are taken on accounts payable.
• Ensure that accounts receivable are collected promptly.
• Ensure that periodic bank reconciliations are completed.
• Ensure that required debt payments are made on a timely basis.
• Maintain the chart of accounts and manage GL for accuracy.
• Management of tax- VAT, WHT, PAYE. Liaise with the company’s tax consultant, auditor, and regulators for efficient tax management.
• Advise and liaise with Operations on transaction postings to ensure that the correct GL.

Financial Reporting and Budgeting:

• Preparation of monthly, quarterly and annual management account for management and regulators.
• Issue timely and complete financial statements.
• Coordinate the preparation of the corporate annual report.
• Recommend benchmarks against which to measure the performance of company operations.
• Calculate and issue financial and operating metrics.
• Manage the production of the annual budget and forecasts.
• Calculate variances from the budget and report significant issues to management.
• Provide for a system of management cost reports.
• Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations.
• Ensure that financial reports comply with current accounting principles and financial reporting standards.
• Publish complete and timely financial statements to company executives, shareholders, and the board.
• Account for any budget variances and report significant discrepancies to management.
• Recommend benchmarks for the measurement of company financial performance goals.
• Responsible for the filing of quarterly and annual reports with the Securities and Exchange Commission.

Treasury:

• Understand, manage, and supervise all aspects of cash flow.
• Forecast daily cash requirements and execute daily financing decisions.
• Manage all aspects of In-house investment portfolios.
• Manage long-term and short-term investment strategies.
• Determine the Company’s goals and risk tolerance.
• Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.
• Assess risk/return trade-offs in transactions.
• Assess performance benchmarks and recommend changes when warranted.
• Review and recommend changes to the investment policies based on the market conditions.
• Prepare or monitor company’s various cash flow forecasts and perform financial modelling.
• Evaluate, develop and implement cash management ystems to optimize efficiencies.
• Understand and manage appropriate accounting procedures and processes.
• Manage relationships with financial service providers.
• Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.
• Recommend, implement and maintain process improvements.
• Provide technical and other support for mergers and acquisitions and other projects as needed.
• Support and participate in the Organization’s Strategic Plan activities.

Processes:

• Adheres to SLAs and communicates appropriately to internal clients.
• Ensures that all procedures and controls are fully documented, fit for purpose, appropriately communicated and adhered to.
• Ensures procedures are compliant with all relevant regulatory and legal considerations and the team is properly trained to carry out such responsibilities
• Understands, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business.
• Oversees customer support processes and organizes them to enhance customer satisfaction.

Operations:

• Comply fully with the relevant Anti-Money Laundering regulations and report promptly any knowledge or sus picion of money laundering activities to the relevant authority.
• Coordinates with internal departments to ensure that daily work meets organizational standards.
• Liaises with superior to make decisions for operational activities and set strategic goals.
• Manage relationships/agreements with external partners/vendors/Bankers.
• Translates the strategic goals into operational plans to achieve the required targeted growth.
• Reconcile monthly activity, generating year-end reports, and submitting same to management.
• Maintains archival and financial administrative files.
• Manage company’s accounts to ensure sufficient liquid funds.
• Ensure that accounting requests are resolved and communicated in a timely manner to internal and external parties
• Daily reconciliation of all internal ledgers to ensure accuracy.
• Ensures timely resolution of all client complaints in line with the agreed turnaround time.
• Keeps records of all company’s fixed assets and ensures industry standard is maintained.
• Responds to requests to implement on a timely basis all internal and external audit points together with any issues raised by external regulators.

Compliance:

• Provide regulatory reports to compliance department for rendition
• Coordinate the provision of information to external auditors for the annual audit
• Monitor debt levels and compliance with debt covenants
• Comply with local, state, and federal government reporting requirements and tax filings.

Key Competence Requirements

• Bachelor's Degree / Master's Degree with 8 - 10 years work experience.
• Knowledge of accounting and financial reporting standards- IFRS and IAS
• Use of EasyBank Application
• Strong analytics and problem solving skills
• Vast across accounting and finance spectrum- Financial, Management, Tax, Audit and financial investigation
• Working knowledge of Microsoft Office Suites Word, Excel and Access.
• Able to work well in a team and on own initiative.
• Database Management
• Excellent interpersonal skills
• Energetic and with sound decision making skills