Head of Finance (Manufacturing) at Ascentech Services Limited

Job Summary

• The Head of Finance will play a critical role in steering the financial and strategic direction of the organization.
• As a senior leadership position, the candidate will be responsible for establishing and overseeing the finance department, ensuring the organization’s financial health, and leading business development efforts.

Key Responsibilities
Strategic Financial Leadership:

• Develop, implement and oversee all financial operations, including budgeting, forecasting, financial planning, risk management, and reporting.
• Provide the directors an expert counsel on financial strategy to the executive team, aligning both short-term and long-term goals withthe organisationobjectives.
• Lead capital structuring and funding strategies.
• Develop, monitor and evaluate overall corporate strategy with top management and managers of business units with emphasis on profitability, capital investment, good corporate governance to enhancing company’s corporate value.

Business Development and Growth:

• Lead commercial insight efforts, identifying growth opportunities to exceed business plan targets and drive profitability.
• Design and implement financial strategies that support the organization’s expansion and business development goals.
• Spearhead initiatives to identify new revenue streams and enhance financial performance.

Financial Analysis and Planning:

• Present reports with key financial metrics, variance analysis, and actionable insights for management.
• Present financial performance and KPIs to the Board of directors.
• Ensure that finance staff maintains financial record systems in accordance with Accounting Principles.
• Oversee complete Finance and Accounts activities, monthly financial consolidation, Budgeting, Risk Management, and internal Controls.

Budgeting & Financial Planning:

• Establish guidelines for annual & periodic budgets. Oversee budgeting and the implementation of budgets.
• Oversee long-term budgetary planning and cost management in alignment with Group strategic plan.
• Monitor the use of all funds to ensure it is in accordance with budgetary goals.
• Assess Organizational performance against the budget and long-term strategic objectives.

Treasury & Cash Flow Management:

• Balance short-term financial concerns and pressures, such as managing cash flow/ liquidity, profitability, in line with long-term vision and sustainable organizational success.
• Collaborate with banks, financial institutions, and advisors to strengthen the firm’s financial position and expand access to growth capital.
• Oversee capital allocation, liquidity, and cash flow to ensure optimal deployment of financial resources across the firm’s portfolios and operations.

Leadership & Team Development:

• Share strategic leadership responsibilities with other senior management team and ensuring the finance/account function supports the business at a strategic and operational level.
• Supervise daily Financial and Accounting activities to ensure that Standard Operating Procedures are strictly followed by all units.
• Promote accountability and performance culture between the departments.

Taxation & Regulatory Compliance:

• Assure legal and regulatory documents are filed and monitor compliance with laws and regulations.
• Manage relationships with tax authorities and regulators.
• Oversee internal and external audit processes.

Qualifications and Experience

• Bachelor’s or Advanced Degree in Finance, Economics, Accounting, or a related field.
• Professional certification (ICAN/ ACA/ ACCA/ CPA/ CMA)
• 10-15 years of progressive experience in finance, with a strong focus on financial analysis, forecasting, and strategic planning.
• Strong experience in Manufacturing is an added advantage.
• Strong experience in a managerial capacity.
• Proficiency in financial management software (mainlySAP, Tally, Microsoft Dynamics, ODOO..)
• Deep understanding of Nigerian tax regulations, statutory compliance, and financial reporting standards.
• High integrity and ability to work under pressure.
• Strong analytical and financial modelling skills, with the ability to translate data into actionable insights.
• Strong business acumen and ability to influence at executive and board levels.

Key Competencies:

• High integrity, strategic mindset, and a deep understanding of financial risk.
• Excellent communication and interpersonal skills are also important.
• Strong analytical and problem-solving skills with high attention to details.
• Detail-Oriented and organized, with the ability to manage multiple tasks and deadlines.
• Strong decision-making skills.