Financial Controller

Responsibilities

Financial Strategy

?     Develop financial strategies to ensure sustainability of the business.

?     Work with other Executive Management to minimize risk and identify growth opportunities

?     Develop appropriate financial policy framework to guide Management decision-making, particularly in the areas of assets and liability management (ALM).

Financial Analysis

?     Analyze current and past financial data and performance

?     Prepare reports and projections based on this analysis

?     Evaluate current capital projects/expenditures and depreciation

?     Explore and advice on investment opportunities

?     Establish and evaluate profit plans

?     Identify trends in financial performance and provide recommendations for improvement

Cost Management

?     Perform project cost forecasts/budgets, cost tracking, monitoring and controls.

?     Perform cash flow forecasting, budgeting and work closely with the operations and project teams in analyzing margins, variances and cost analyses.

?     Issue project cost reports for review and approval.

?     Ensure inter-company cost allocations are in line with management agreements and transfer pricing policy

?     Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns

?     Work in consultation with the respective departments on cost reduction initiatives

Budgeting

?     Develop budget in line with the business objectives of the organization.

?     Coordinate the company’s budgeting process and deliver within the stipulated time.

?     Develop models that will enhance the quality of the company’s budget.

?     Automate the company’s budgeting process

Treasury Management

?     Monitor and manage the organisation's bank relationships and liquidity management

?     Manage foreign currency exposure and foreign currency payments

?     Analyze various scenarios and risks and report to senior management accordingly

?     Forecast medium and long- term funding and hedging requirements (if applicable)

?     Daily cash management

?     Debt facilities management

?     Interest rate risk management and development of risk mitigation strategies

?     Foreign exchange risk management and development of foreign exchange risk mitigation strategies

Internal Control/Compliance

?     Manage new and existing statutory compliance and incorporate them into financial and management accounts

?     Develop and maintain internal control and effective accounting system and policies

?     Ensure timely and accurate Management Information System (MIS) and statutory reporting

Tax Management

?     Compute tax owed such as PAYE, VAT etc, prepare tax returns ensuring compliance with payment deadlines

?     Proactively manage and engage tax authorities

?     Ensure compliance with new and old tax laws and accounting standards as they relate to tax laws

?     Negotiate tax agreements within acceptable company standards

Accounting Operations

?     Handle full spectrum of financial and cost accounting role e.g. Account Receivable, Account Payable, General Ledger, forecasting, budgeting etc.

?     Oversee staff payroll processing, accruals, reconciliations, and statutory deduction calculations

?     Monitor cash and bank balances and coordinate monthly cash flow requests

?     Review and approve payment vouchers and journal entries Provide strategic input into the long and short strategic plan of the company

?     Manage inventory and all other assets, monitor, and report daily stock movements and ensure proper reconciliation on an ongoing basis (weekly and monthly)

?     Coordinate annual internal and external audit

?     Develop monthly and quarterly financial reports

?     Establish account department standard operating protocols and policies

Financial Reporting

?     Prepare monthly and quarterly Management Accounts, consolidated financial statements, payments, cash-flow management reporting

?     Analysis of key income statement and balance lines

?     Monitor and analyze prudential ratios

?     Prepare Financial Report in line with IFRS standards

Accounting Software

l  Update all accounting transactions on the accounting software

l  Review the software from time to time to ensure it functions optimally to meet the company’s needs

Qualification and Experience

?     A Bachelor’s degree or Masters degree in Accounting , Finance or a related field.

?     Professional qualification such as ACA, ACCA, CFA, CIMA are a must

?     Minimum of 10 years related experience

?     Experience in financial reporting, business analysis  and performance management.

?     Experience in the use of Business Intelligence tools, Accounting software and ERP software

?     Experience in a renowned audit or tax advisory firm is a plus