Finance Officer at VFD Group Plc

VFD Group is an alternative financial service holding company that creates value by working within Nigeria's informal financial sector to create innovative products and solutions that are accessible to the everyday Nigerian.

We are recruiting to fill the position below:

Job Title: Finance Officer

Location: Lagos
Employment Type: Full Time

Job Purpose

• Responsible for the preparation of quarterly budget and forecast and analysis of financial studies and reports.
• Reporting to the Head, Finance, this role involves providing sound financial advice and support to colleagues and management to enable them to make sound business decisions.
• The ability to work without direction, use initiative and possess a positive attitude towards teamwork is critical.
• A hands-on position that requires working knowledge of accounting disciplines such as, financial accounting, compliance reporting and budget preparation is essential.
• Responsible for the preparation of quarterly budget and forecast and analysis of financial studies and reports

Dimensions:

• Entrepreneurial, enthusiastic with capability to use initiative and intellectual capital to derive solutions.
• Comfortable with working under pressure, to clear deadlines and focus on bottom-line.
• High achiever with evidence of continuous leadership roles and academic prowess.
• Goal directed with excellent negotiating skills and high comfort levels in rapid and early closure.
• Attention to detail, displays natural tact/discretion with imagination and drive.

Areas of Responsibility
Finance Operations:

• Prepare template, guidelines for annual budget processing
• Assist Head of Finance in the development of the annual budget and performs periodic analysis to ensure the company is operating within budget guidelines
• Provide training to budget holders so that they understand key financial concepts
• Ensure all budget holders understand the financial information they are sent every month and to answer questions they may have
• Develop and analyze the annual budgets to ensure expenditures are within appropriate operating ratios and they meet projected growth expectations
• Assist in gathering information in preparation for the annual financial audits
• Prepare monthly projections comparing projected revenue to actual revenue booked in the general ledger
• Prepare monthly projections comparing projected spending to actual spending budgeted for the period
• Prepare management reports and Financial report in line with defined report formats and present to the Head of Finance
• Prepare quarterly management reports, to include P&L/Balance Sheet and analysis of variances.
• Constantly communicate with Department Heads to verify budget overruns (where required) and justification for such
• Perform monthly analysis of the financial statements to determine variances and areas for improvement
• Produces monthly reports necessary to explain the variances to be used by management
• Prepare and monitor cash flow projection
• Periodically reviews balance sheet accounts to ensure accuracy
• Assist in reporting on financial results for Everdon's operations and ensures that all financial reports are accurate and completed in a timely manner
• Work with the internal auditor to help manage Everdon's Financial compliance with both the internal documentation and evaluation of internal controls and the ongoing monitoring and testing
• Performs other duties as assigned

Communication and Reporting:

• To liaise with all departments, when necessary
• To report to the Head, Finance regularly on Financial operations at meetings and at other times. Issues raised/discussed must be reported
• To provide such information to the Head, Finance as required in order to assess the performance of the business and achievement of agreed strategy and budget

Key Performance Indicators:

• Accuracy of Budget draft
• Timeliness of Budget preparation
• Timely detection of significant budget variation
• Timeliness and accuracy of budget uploaded on the financial system

Financial KPIs - Financial target schedule as updated from time to time

Knowledge/Skills/Experience
Essential:

• BSc or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc) from a reputable university.
• First-hand experience in planning, budgeting and forecasting
• Knowledge in Financial analysis and reporting will be preferred
• Sound knowledge of Nigeria fiscal legislation
• 4-5 years of relevant work experience in accounting, finance
• Analytical approach to work;
• Good time management skills and the ability to prioritise;
• Ability to lead, motivate and develop a finance team
• Working knowledge of Microsoft Office Suite and other relevant accounting tools
• Must be ICAN/ ACCA chartered

Desirable:

• Professional Qualifications and membership in relevant professional body (ACCA, CIMA, CIPFA or equivalence).

Generic Skills:

• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation.

Application Closing Date
17th April, 2019.

Method of Application
Interested and qualified candidates should send their CV to: careers@vfdgroup.com with the relevant position applied for as heading.