Finance Manager

Our client is a dynamic consortium of business ventures spanning the Energy, Real Estate, and Hospitality sectors, operating at the intersection of innovation and collaboration to apply the best sustainable business practices and deliver meaningful, reliable services to communities worldwide.

Job Purpose:

Reporting to the Financial Controller, the overall purpose of the Finance Manager role is to oversee all financials, process excellence, related administrative matters and manage systems

Responsibilities:

Financial Reporting:

• Monitor and report any variances from the established budgets to senior management monthly basis showing controls are in place
• Prepare accurate financial reports monthly, interpret the financial results to management, research and report on factors influencing business performance
• Manage the company's financial accounting, monitoring, and reporting systems for effective decision making and statutory compliance
• Ensure to maintain master data file for loans given to related and third parties helping in understanding the live position of the accounts
• Ensure Fixed asset register is kept and maintained with accuracy as per statutory requirement
• Ensuring accuracy of invoicing to affiliates thereby helping them in getting the actual costings of products and decision of selling price.

Taxation:

• Ensure the monthly filing of the PAYE returns and TDS returns are executed on timely basis to meet statutory requirement
• Ensure the monthly statutory contributions return are filed on timely basis to meet statutory requirement
• Communicate every change in relation to personal income tax and corporate tax matters to senior management in the organization for timely decision making.
• Ensure the accuracy and timeliness of the quarterly APS returns and annual tax returns as per statutory requirement
• Ensure the liaison with other third parties like tax authorities and ensure our tax controls are up to date, backed with all supporting evidence they might require.
• Conduct monthly payroll duties in a timely manner including disbursing statutory contributions as per the statutory requirements.

Bookkeeping :

• Perform checks and bank reconciliations within agreed timelines and undertake end of year processes within the agreed timelines to facilitate timely closure of Accounts
• Ensure petty cash is updated on timely basis to capture all the expenses and accurate reporting
• Ensure the financial records are up to speed with statutory requirements and high quality management reports.
• Act as a secondary check on payroll duties in a timely manner including disbursing statutory contributions as per the statutory requirements.
• Ensure clearing of Recons Accounts to meet internal controls guidelines
• Ensure Inventory reconciliation is conducted on monthly basis to mitigate reporting risks
• Ensure Supplier reconciliation is conducted on quarterly basis with proper signing offs for timely settlement of Supplier accounts.
• Ensure Intercompany loans reconciliation is executed on quarterly basis (principal and interest) to meet internal controls guidelines

Cost & Cash Flow Management:

• Assist the Treasury department on schedules they might require in relation to redemption/maturity of fixed deposits accounts, loans and investment in equity and debt instruments.
• Monitor and interpret cash flows and predict future trends through in-depth analysis of changes and advising accordingly

Process Excellence:

• Review and update all existing business, financial and operational processes as per statutory requirement
• Conduct a gap analysis for current processes and develop new proposed processes if required to control business risks.
• Implement optimal process framework in accordance with strategic business objectives 
• Develop a compliance checklist and monitor progress through dashboards and/ or data analytics; to monitor internal controls.
• Identify of areas of improvement in overall business performance, with a focus on cost optimization, revenue assurance and maximization, improved process efficiency, supply chain management and resource utilization
• Monitor systems implementation project management and keep track of any systems changes for effective decision making

Compliance:

• Receive all invoices and ensure they are appropriately authorised according to the outlined standard operating procedures
• Increase organizational effectiveness through sound financial analysis and process improvement.
• Liaise with the audit function and offer required support to ensure annual audit is conducted and also developing external relationships with appropriate contacts, e.g. 
• external auditors, bankers and approach independent person/body to conduct test on our tax compliance.

Requirements:

Knowledge: Skills and Experience required for this Role:

• A first degree in Accounting/Finance or any related discipline.
• Membership in either of the following professional bodies Certified Public Accountant (CPA) or Association of Certified Chartered Accountants (ACCA).
• Possession of any of the following certifications is an added advantage: Certified Quality Auditor (CQA), CISA or International Systems Audit and Control Association (ISACA).
• At least 7 years of post-qualification experience.
• Experience in use of modern accounting/financial techniques and software.
• Must have the experience and capability to ensure timely and accurate preparation of the consolidated financial reports.
• In-depth understanding of finance and accounting principles and standards, responsibilities, code of ethics and certification.
• Ability to identify key audit issues, present sensitive and difficult audit findings and recommendations to the management.

Competencies required for this Role:

• Entrepreneurial and Commercial Thinking
• Adhering to principles and values
• Applying expertise and technology
• Presenting and communicating information
• Working with people 
• Analyzing