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Finance Manager At Rs Hunter

Date Posted: 10/Sep/2013
Deadline: 20/Sep/2013

Job Purpose:

 

 

  • Responsible for managing the local accounting function and acting as liaison for local statutory, government and aviation authority, fulfilling all reporting requirements and ensuring compliance. Provide timely, effective and comprehensive communication to the Management Team regarding compliance, the status of all reporting, any potential issues and proposed solutions.
  • Responsible for managing the local banking relationship and all local treasury processes, primarily the timely repatriation of funds.
  • To provide high quality management information and month end reporting with concise and meaningful commentary to explain variances and highlight key issues.
  • To supervise the payable process, ensuring adherence to procurement and expense policies, overseeing the timely flow of invoices and payments whilst maximising cash-flow. Responsible for accurate reporting of costs in the P&L and the AP related balance sheet reconciliations.
  • To supervise the receivables processes, including sales and bank reconciliations, Responsible for the timely and accurate reconciliation of AR related balance sheet accounts.
  • To assist the Manager to deliver quality annual budgets and forecasts and ensure that an appropriate level of improvement and challenge is built into the plans.

Key Responsibilities:

  • Ensure timely and accurate calculation and remittance of all taxes, including but not limited to: WHT, VAT, Expat Tax, NG Tax, TE Security Tax
  • Maintain solid relationship between local Finance and statutory bodies including but not limited to: IATA, FIRS, Lagos State and the external auditors
  • Oversee reconciliation of bank accounts
  • Prepare data for repatriation of funds
  • Weekly meetings with banking partners
  • Deliver monthly cost centre reports with in depth variance analysis, highlight issues & suggestions for corrective action
  • Manage accruals and prepayments
  • Review supplier contracts for tender with budget holder
  • Recommend supplier consolidation where possible
  • Maintain comprehensive local contract database
  • Supervise the core payables function
  • Ensure timely and accurate capture of supplier invoices
  • Ensure invoices are reconciled to supplier statement and Oracle before payments are made
  • Authorise supplier payments for input into online banking
  • Review payables related balance sheet reconciliations
  • Reconcile deposits paid and maintain annual confirmation
  • Supervise the core receivables function:
  • Accurate reconciliation of daily sales to bank
  • Robust and effective Credit Control
  • Review receivables related balance sheet reconciliations
  • Work with the budget holders to prepare annual budget and forecast for all local expenditure, including all headcount, overheads and marketing costs
  • Provide variance analysis between budget submissions and prior year spend or local targets
  • Ensure sufficient and appropriate challenge is built into the budget and provide suggestions to increase financial control
  • Create short and long term objectives and maintain frequent reviews, adjusting and updating accordingly
  • Implement plan with the team to drive improvement in the payables processes, reviews and controls

Skills:

  • Strong communication and negotiation skills
  • Excellent analysis capability, proven in a commercial environment
  • Excellent attention to detail, with strong reconciliation skills
  • Ability to operate under pressure and tight deadlines
  • Positive and pragmatic approach to achieving results
  • Enthusiastic and resilient personality and the ability to self motivate

Qualifications and Experience:

  • Qualified and minimum of 7-10 years financial and management accounting experience
  • Experience of managing and motivating a team
  • Experience of handling external suppliers and service providers
  • Excellent commercial acumen and good business knowledge
  • Experience of financial systems – preferably Oracle
  • Intermediate – Advanced level Excel skills

 

 

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