Financial Controller at AfyA Care

AfyA Care - Set up to actively invest in and operate healthcare assets with a vision to make healthcare accessible and affordable.

We are recruiting to fill the position below:

Job Title: Financial Controller

Location: Lagos, Nigeria
Reports to: COO and CFO

Summary

• We seek a Financial Controller to oversee the finance and accounting department of our hospital investee company.
• The Financial Controller will be responsible for the performance of a variety of duties including, working capital management, treasury, transaction processing, reporting, planning and compliance.  

Core Functions/Responsibilities
Management:

• Manage the operations of the finance and accounting department of the hospital.
• Develop and implement finance and accounting policies, processes and procedures in line with leading practices.
• Maintain a documented system of accounting policies and procedures.
• Oversee the activities of any supplier to which functions have been outsourced.
• Oversee the finance and accounting department of hospital subsidiaries/spokes (where applicable).

Treasury and Working Capital Management:

• Ensure adequate funding is available to meet ongoing operational and capital investment requirement through effective working capital management.
• Proactively manage cashflows and implement treasury management best practices.

Transactions:

• Verify all expense claims to certify correctness and ensure that all appropriate supporting documents have been provided.
• Record cash receipts in a timely manner and deposit them promptly.
• Ensure that all cash and cheque payment requests are duly completed, certified and approved by authorized staff and all necessary supporting documents are provided before payment is done.
• Ensure invoices are issued as soon as services are rendered to customers.
• Oversee the prompt collection of account receivables.
• Maintain banking relationships.
• Prepare monthly bank reconciliation for all bank accounts.
• Make scheduled debt payment as needed.
• Process payroll information and issue compensation payment to employees when due.
• Maintain records of all expenses and entries into their ledgers and reconciliations of the ledgers.
• Maintain an orderly filing system for all hard copies of source documents, including a system of document archiving and destruction.
• Maintain a comprehensive system of control over all accounting functions.

Reporting:

• Coordinate and oversee the timely preparation of monthly management accounts and financial reports.
• Supervise the preparation of consolidated financial statement accounts for Hospital and subsidiaries/spokes in accordance with acceptable IFRS standards.
• Prepare various financial analysis and management report.
• Provide valuable analysis and insightful review of financial results and value drivers.
• Measure financial and operational performance of the business and report to management.
• Engage in benchmarking studies to establish areas of potential operational improvement.
• Identify key business metrics and report on them to the management.
• Identify financial risks and assess the long-term effect of risk using scenario analysis.
• Provide information needed by external auditors in the preparation of audited financial statement.

Planning:

• Coordinate the creation of the annual budget.
• Calculate and report reasons for variances between actual and budgeted results to management.
• Assist management in the formulation of its overall strategic direction.  

Compliance:

• Monitor the company’s compliance with debt covenants and report any breach to management.
• Manage regulatory payments–PAYE, Pension, WHT and Tax filings.
• Supervise and monitor compliance with relevant tax laws.

Application Closing Date
Not Specified.