Senior Finance Manager at Proten

Job Overview:

The Finance Manager will be responsible for overseeing the financial operations of the company, ensuring that financial records are accurate, budgets are managed effectively, and financial risks are minimized. The job holder will be responsible for financial planning, reporting, analysis, budgeting, forecasting, accounting and financial management, taxation and statutory compliance and providing strategic financial guidance to senior management.

Job Responsibilities

Financial Planning & Analysis:

• Develop and manage financial models to forecast company performance.
• Analyze financial data to identify trends, variances, and key performance indicators.
• Provide insights and recommendations for cost reduction, revenue enhancement, and profitability improvement.

Budgeting & Forecasting:

• Lead the annual budgeting process, working closely with department heads.
• Monitor and report on budget vs. actual performance.
• Prepare regular financial forecasts and scenario analysis.
• Reviewing daily inventory reports for all workshops from all inventory officers from the warehouse.
• Coordinate end-of-the-month and end-of-the-year inventory audits.

Financial Reporting:

• Oversee the preparation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with accounting standards and regulatory requirements.
• Prepare management reports and present findings to senior leadership.
• Coordinate the end-of-the-month management reporting process.
• Preparation of in-depth & insightful financial analysis.
• Prepare segmental reports to review margins, receivables, inventory, and cash collections.

Taxation and Statutory Compliance( Preferably in multi-markets).

• Oversee the preparation and filing of corporate tax returns.
• Ensure compliance with local, state, and federal tax regulations.
• Ensure compliance with GAAP and other regulatory requirements.
• Manage relationships with external tax advisors and regulatory bodies.
• Oversee the preparation and filing of corporate tax returns.
• Monitoring statutory deductions (taxes) and ensuring that they are paid as of when due.
• Oversee tax compliance for the company.
• Ensure full adherence to all company financial policies across all departments.

Accounting and Financial Management

• Oversee the preparation of financial statements and reports.
• Manage the general ledger and ensure accurate and timely closing of accounts.
• Coordinate internal and external audits.
• Facilitating invoice discounting and other forms of funding for the company.
• Reconciliation of variances between the Actual and Budgeted costs and investigating the reasons.
• Developing and implementing various control policies, such as credit control policies,
• Inventory policies, payables policies, and debt collection policies.
• Preparation of Financial statements, the statement of financial position (Balance sheet), statement of financial performance (Profit or loss account), and cash flow statement following IFRS standards

Cash Flow Management:

• Monitor and manage the company's cash flow to ensure adequate liquidity.
• Oversee accounts receivable and accounts payable processes.
• Implement strategies for optimizing working capital.

Risk Management:

• Identify and assess financial risks, and implement measures to mitigate these risks.
• Ensure that the company’s financial practices are in line with statutory regulations and legislation.
• Coordinate with auditors for annual audits and ensure compliance with audit requirements.

Qualifications:

• Minimum of B.sc in Accounting, Finance or related field.
• Minimum of 6 years of experience in accounting, financial reporting, or tax management,
• with at least 3 years in a managerial role.
• ACCA or ICAN Certification.
• Advanced skills in accounting software (e.g., SAP, Oracle, QuickBooks).
• Proficiency in using spreadsheets (Excel) and other financial analysis tools.
• Strong knowledge of financial accounting, reporting, analysis, budgeting, forecasting,
• taxation and statutory compliance.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management abilities.
• Excellent communication and interpersonal skills.

Specific Skills and Characteristics

• Accounting Knowledge: In-depth understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
• Taxation Expertise: I have comprehensive knowledge of federal, state, and local tax laws and am experienced in tax planning, compliance, and reporting.
• Financial Analysis: Ability to analyze financial data, identify trends, and provide insights for decision-making. Expertise in financial modelling and forecasting.
• Regulatory Compliance: Understanding of regulatory requirements and ability to ensure compliance with financial reporting and tax regulations. Experienced with audit processes and internal controls.
• Attention to detail: As a Financial Reporting and Tax Manager, you must maintain accuracy when dealing with numbers
• Excellent communication and presentation skills
• Good problem-solving skills
• Ability to thrive in a fast-paced, dynamic environment and drive continuous improvement initiatives.
• Strong analytical skills