Head of Finance at a Leading Pharmaceutical Company - Nextzon Business Services Limited

Nextzon Business Services Limited - Our Client is a start-up mega drug distribution centre in the pharmaceutical sector located in Anambra State, and is looking to fill the role of the:

Job Title: Head of Finance

Location: Anambra
Reports To: Managing Director
Supervises: Finance Manager

Purpose

• To manage the Company’s finance unit / activities and direct overall financial plans and accounting practices within the company

Key Roles and Responsibilities

• To provide an accurate and timely financial service including setting and monitoring of budgets, forecasts, cash flow analysis, management and financial accounts and advice and support to inform decision making at all levels
• To review and ensure appropriate overall performance reporting to the CEO and the Board of trustees
• To support the chief executive and senior team to develop a medium-term financial plan
• Manage the financial systems across the company linking accounts payable, receivables, capital expenditure etc to provide accurate financial statements reflecting the company’s position
• To manage the annual audit process in conjunction with the appointed auditors to ensure statutory accounts are produced within the required deadlines
• Define and communicate corporate accounting guidelines, including chart of accounts, periodic closing schedules as well as reporting requirements within the Finance unit
• Compiles and analyses financial information to prepare entries to accounts, such as general ledger accounts and documenting business transactions
• Monitor internal key performance indicators (e.g. working capital ratio, interest cost, debt/equity ratio, ROI, etc) based on Finance Unit’s strategic plan
• Developing and maintaining financial analysis to support decision making of the company and ensuring that the company complies with all taxation laws.
• Analysing financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for internal and external use.
• Monitors compliance with generally accepted accounting principles and company procedures
• Developing and maintaining financial models to support long-range planning needs of the company and address issues that affect shareholder value
• Directing and managing the preparation of the annual budget and regular forecasts
• Responsible for statutory reporting, treasury management (working capital management, investment analysis) and financial review of growth opportunities
• Present financial reports to the Company’s Board of Directors
• Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
• Makes recommendation regarding the company’s accounting reserves, assets and expenditures.
• Liaise effectively with the external auditors to ensure that efficient and effective audit process is carried out
• Conducts studies and submits recommendations for improving the company's accounting operation.
• Maintain an excellent relationship with all statutory bodies and ensure prompt compliance with stated guidelines

Key Performance Indicators

• Average budget variances (actual vs. plan)
• Average cost of capital (as a percentage of revenue)
• Planned Budget/Actual Operating Cost
• Net Cash Flow
• Observations from external audit bodies
• Company’s gearing ratio
• Corporate credit rating at the banks
• Lead time for annual budget preparation, presentation and approval
• Timeliness/Accuracy of cash forecasts and funding estimates
• Percentage error rate in daily postings
• Number of detected breaches in internal controls

Required Skills and Competencies

• Financial analysis and execution
• Credit analysis
• Knowledgeable in the following key areas:
  • Financial Management and corporate finance
  • Accounting policies and standards
  • Financial analysis and interpretation
  • Management and Cost Accounting
  • Tax Management
• Appreciation of finance & investment management principles
• Ability to use several accounting packages (Sage, QuickBooks, etc.)
• Microsoft Office skills with high proficiency in the use of excel
• Oral & Written Communication skills
• Relationship Management:
  • Possession of human skill (ability to interact effectively with people - both staff and clients alike)
  • Ability to develop, build and maintain relationships with customers
  • Ability to build and manage banking relationships
• Leadership
• Proactive decision-maker
• Self-starter
• Sound ethics and integrity:
  • Must be discernibly honest and of consistent upright character

Experience and Qualifications

• Minimum of 13 years post-graduate experience out of which a minimum of 2 years should have been in a similar position
• Preferably female
• A good University degree or HND or its equivalent in Accounting or related field
• A recognised professional accounting certification (i.e. ACA, ACCA or equivalent)
• A post graduate degree or any other qualification/certification will be an added advantage

Application Closing Date
20th June, 2016.

How to Apply
Interested and qualified candidates should send their Resumes (as an attachment), stating the reference code HDFIN031 as the subject of the email, to: jobs@nextzon.com

Note: All applications will be treated in strict confidence. Only shortlisted candidates will be contacted.