Senior Manager, Finance (Supply Chain Division) at SIAO

Responsibilities
Strategic Development and Implementation:

• Design and implement efficient Finance Operational manuals
• Design, review and update financial models.
• Design and maintain optimal working capital structure.
• Review and analyse all financial transactions (in line with Company’s approval matrix) to ensure they meet both internal and statutory compliance reporting requirements
• Supervises, motivates, and leads teams by identifying roles and providing guidance on service output and quality
• Provide insight and guidance contemporary Accounting and reporting issues
• Ensure effective and efficient use of resources.

Accounting, Operational & Financial Reporting:

• Lead the day-to-day activities of SCD Finance team in conjunction with the Head of Finance
• Actively promote improvements on reporting in conjunction with Supply Chain
• Provides financial advisory and consultancy services to the DMD-Supply Chain Division on various accounting matters including enhancing profitability and maintaining strong cashflows.
• Ensure timely processing of all financial transactions, to ensure smooth monthly reporting process
• Partner with relevant stakeholders in SCD to ensure daily tracking of sales from all outlets and channels.
• Facilitate adequate funding for the division in conjunction with the Treasurer.
• Manage vendor relationships in conjunction with the procurement team.
• Help the business to optimize inventory holding by developing optimal inventory- reorder level and enforcing same.
• Perform continuous assessment of the close process and process re-engineering to reduce the timing to close monthly financial report.
• Participates in supply chain projects on costs and working capital and process improvement projects.
• Monthly analysis of purchases, utilizations and wastage.
• Take ownership of the divisions’ income statement and the statement of financial position, ensuring all financial statement assertions and information processing objectives are upheld and accounts schedule are prepared monthly for all balance sheet account lines.
• Supervise SCD Finance Manager in the discharge of the following.
  • Effective monitoring of CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence ethics.
  • Monthly stock count and monthly Provisions for Obsolete stocks
  • Monthly review of accounting inputs to secure as fair as possible valid, accurate and timely account balances
• Prepare, analyse and interprete periodic (weekly, monthly, quarterly, and annual) business performance reports for athe departments within the division and consolidated SCD reports, advising management on performance improvement mechanism.
• Manage annual budgeting process for the division working with relevant partners.
• Timely communicate deviation from plans.
• Improve decision making by providing financial information timely.
• Ensure financial transactions are performed in compliance with company policies and applicable accounting standard

Regulatory Compliance:

• Establish reporting procedures and ensure compliance with regulatory guidelines
• Ensure that appropriate finance systems are maintained and that all procedures/controls are implemented
• Ensure that all accounting records are in compliance with the approved policies and accounting standards
• Oversee the proper maintenance of the division’s accounting records
• Ensure timely delivery of audits as may be applicable to the division.

Key Performance Indicators

• Strategic Plan
• Timely delivery of accurate monthly management Accounts and Dashboard.
• Minimal audit corrective journals for the division.
• Delivery of monthly account schedules Timeliness and accuracy of monthly divisional reports
• Timeliness and accuracy of balance sheet schedules (assets and liabilities)
• Vendor payments.
• Subordinate Effectiveness
• Overall Internal Audit Compliance Score.

Job Specification
Educational, Professional & Experience Requirements:

• A good First Degree in Accounting
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
• Membership of the ACCA, ICAN, or any other related professional qualification is required.
• Minimum of 8 years in Accounting and Finance role with at least 3 years in Management capacity.

Knowledge Requirements:

• Knowledge of financial reporting and analysis
• Knowledge of Supply chain finance.
• Knowledge of Accounting Standards and regulations (GAAP/IFRS etc.)
• Knowledge of relevant Software Application
• Industry Knowledge
• Knowledge of Financial & Management Accounting
• Numerical Analysis

Decision Expectations:

• Recommend operational, strategic and financial decisions
• Enforce agreed decisions
• Gives recommendations and makes investment decisions
• Provide information to auditors
• Ensures accurate financial reporting
• Analyse income, expenses and reconcile accounts

Working Conditions:

• Jobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
• This role is largely office-based, although at times the job may require travel to meetings held off-site, as the company has more than one office; or speaking on the phone which leaves their analysis and research work for evenings and weekends.
• Jobholder is frequently under stress from deadlines, most analysts work full-time, and overtime becomes a routine.

Remuneration
N1,000,000 Monthly.