Finance Roles at the Luxxor Group

The Position

• The Finance function within the group is managed centrally and its responsibility is not limited to the day to day running of the P&L but also financial analysis & planning, budgeting, forecasting, monthly management pact etc for all the subsidiaries.
• This is a key position reporting to the CFO, with Prime responsibility for; the development and continual refinement of robust financial control, reporting and implementation processes.

Principal Accountabilities

• Managing the company's financial accounting, monitoring and reporting systems
• Liaising with auditors to ensure annual monitoring is carried out
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations
• Producing accurate financial reports to specific deadlines
• Manage vendor invoices - Receive and process vendor invoices and internal cheque requests. Maintain open files for purchase orders, packing/receiving slips and match to invoices. Verify invoices for quantity, unit pricing, extensions, and applicable discounts.
• Carry out bank reconciliation - Prepare monthly bank reconciliation for all accounts. Verify accuracy of bank statements and answer questions or resolve problems. Maintain integrity of cash balances and cash flow systems.
• Preparation of the company annual Financial Statement in collaboration with Finance Manager
• Conducting reviews and evaluations for cost-reduction opportunities
• Attending to External Auditor during statutory Audit.
• Ensure up to date Intercompany reconciliation with parent company and all other subsidiaries within the group.
• Review and ensure Value Added Tax (VAT) and Withholding Tax (WHT) are deducted correctly from Vendor Invoices and subsequently remitted promptly to the respective tax authority (FIRS and LIRS) accordingly.
• Review and ensure all monthly provisions (Audit Fee, Tax Consultancy Fee & etc) prepayment and amortization are made monthly.
• Review Payroll with Human Resources Manager to ensure statutory deductions and pension are calculated and remitted correctly
• Review Petty Cash Expenses with Administration Team
• Review and ensure daily and end of month posting of all payment vouchers and Journals before impacting into general ledger.
• Verify documents for completeness and compliance with government and private agencies.

Any other duties that may be deemed appropriate to this role

Person Specification

• The ideal candidate must be a Certified Chartered Accountant (ACCA, or equivalent), with minimum qualification of a B.Sc in Accounting or Finance.
• He / She must have minimum of 6 years’ experience. An MBA or Msc in Finance; knowledge of the use of ERPs would be an added advantage.

Skills:

• Core accounting skills
• Advanced knowledge of MS Excel
• Financial planning, budgeting, and reporting
• Financial analysis and interpretation skills
• Accounts preparation and bank reconciliation skills
• Attention to detail
• Good presentation and communication skills
• Application of accounting principles
• Preparation of timely financial statements
• Filing of reports to statutory bodies
• Cash flow management
• Knowledge of Statutory returns and reporting

Internal Liaison:

• All units and departments that have dealings with The Finance Department.

External Liaison:

• Partners both local, International, Government agencies and various vendors.

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The Position

• This is a position reporting to the Finance Manager, with Prime responsibility for supporting the finance manager in recording and maintaining financial details of the company, processing payments and cash handling.

Principal Accountabilities

• Work closely with the Finance Manager to ensure smooth operation of all finance matters.
• Support the Finance Manager by inputting into sales & purchase ledgers from source documents.
• Matching invoices to statements and purchase orders to invoices.
• Input accounting data into the accounting system with speed and accuracy.
• Assist in monthly payroll run.
• Assist in the production of financial statements and applications, preparation of spreadsheets, reports and correspondence as required.
• Plan, organise and manage own workload to ensure contribution to the company’s monthly financial reporting process is achieved in a timely and accurate manner.
• Ensure swift payment of invoices
• Resolution of finance related queries
• Assist with end of year preparation and procedures
• Provide financial support to team members
• Any other duties that may be deemed appropriate to this role

Person Specification
Education:

• Bachelor's degree in Finance or Accounting
• ACCA qualification (desirable)

Experience:

• Two - Three years experience in a similar capacity

Skills:

• Experience of working in a finance department.
• Basic understanding of accounting processes and procedures
• Good level of competence in all MS office applications.
• Good communication and listening skills.
• Good organisational skills
• Good analytical ability