Head of Finance & Account at Dayntee Farms Limited

Job Objective:

• To be responsible for the overall financial management of the company and formulating strategies for financial planning, liquidity management, internal control as well as financial risk management to support attainment of the business strategic objectives
• Ensure availability of all financial information, reports and data required to support management and other stakeholders in strategic decision-making

Key Responsibilities:

Fiscal Management & Internal Control:

• Oversee the following processes on behalf of the company and manage the financial health to drive business growth:
• cash flow/liquidity management
• credit and treasury controls
• tax remittance and planning
• financial data management, data integrity and record keeping

Ensuring consistency and effectiveness of accounting and finance systems, policies and procedures in areas not limited to the following:

• monthly/quarterly/annual close process
• account reconciliations
• account audits
• adjustment entries.
• Prepare and review detailed financial analysis to illustrate key business drivers, performance indicators, identify financial risk, and determine the appropriate financial strategies to get desired results.
• Working closely with operational leadership to pro-actively identify potential financial risks and opportunities, assess and interpret to local circumstances and implement workable solutions.
• Performing quality assurance/analysis of all documentation including balance sheet accounts to ensure compliance, integrity of account balances/financial reporting and effectiveness of business processes.
• Researching and advising on complex technical finance and accounting issues, ensuring periodic analysis of internal and external factors (monetary, fiscal and economic) that could affect profitability of the company or business investment

Financial Planning:

• Manage and coordinate the preparation of the company’s budget while working with all departments to ensure their yearly and monthly budgets are accurately computed.
• Coordinate and direct the preparation of financial forecasts and models for sound business decisions

Financial Reporting:

• Coordinating the timely and accurate rendition of key financial and accounting reports not limited to the following to track financial status of the company:
• financial statements
• regulatory reporting
• management accounts
• cost analyses
• key performance metrics,
• budget and forecast variances
• Accurate closure of monthly/quarterly/annual accounts in compliance with IAS & IFRS with proper accruals and provisions

Corporate & Regulatory Compliance:

• Ensure compliance of all finance activities and documentation with local statutory, corporate and business practices, policies and requirements
• Manage relationship with auditors to drive efficient and effective audit processes (audit planning, debrief meeting, audit fees etc.)
• Coordinate with internal and external auditors and drive implementation of corrective actions arising from the audits and proactively work to prevent future issues / manage risk.
• Manage relationship with government authorities and tax advisors to drive efficient and effective tax processes (CIT/ VAT/WHT tax returns preparation)

Leadership & Team Management:

• Establish standard operating procedures (SOPs) for operational and transactional processes impacting the financial statements, including closing, reporting and analysis.
• Manage and coach an accounting team that is:
• able to exhibit to a great depth of the organization’s values, culture and show continuous growth in personal, departmental and organizational development.
• Able to perform efficiently while diligently following the standard accounting processes of the organization and the regulations provided by the government.
• Support commercial and operations leaders/teams to understand financial/accounting implications of transactions and other matters by providing expertise and technical accounting guidance.
• Carry-out other functions that may be assigned by the company from time-to-time in attainment of the department goals

Key Performance Indicators:

• Actual vs. budgeted targets:
  • Cashflow variance
  • Cost of Yield
  • Output ratio
• Financial indicators (all relative to agreed indices/ratios and or budgets)
  • Revenue contribution
  • Day Sales Outstanding
  • Gross Profit Margin, EBITDA, PBT
  • Working capital ratio
• Stock or Inventory shrinkage and loss
• Timely rendition of financial reports
• Zero sanction by regulatory bodies

Skills, Competencies and Requirements:

Functional Competencies/Requirements:

• Strong domain knowledge in accounting, finance and economics of livestock industry and business
• Proficiency in modern accounting and finance productivity tools and software
• Fiscal prudence and management
• Business Analytics and Modelling skills
• Financial information Management and reporting
• Tax planning and management
• Risk management
• Strategic alliance and management
• Performance management
• Relationship Management
•  Strong understanding of regulatory laws and standards

General Management Competencies/Requirements:

• Strong Leadership skills
• Strong Oral and Written Communication skills
• Strong Presentation Skills
• Strong Negotiation Skills
• Strong People Management Skills
• Ability to plan, schedule and coordinate effectively

Desired Personal Attributes:

• Integrity
• Well-developed analytical and problem-solving skills
• Understanding of manufacturing and business principles
• Proactive self-starter and driven for results
• Assertiveness & tenacity
• Ability to work with all levels of management, build partnerships and teams
• Highly organized and significant ability to multi-task effectively

Educational Qualifications/Experience:

• Bachelor’s degree or HND in Accounting, Finance, Economics or related fields (Master’s degree in Business Administration will be advantageous)
• ACCA, ICAN or CIMA certification is mandatory
• Minimum of 7years experience in finance (experience in poultry industry will be advantageous); with proven leadership and or 3-5years senior management experience in finance