Finance Manager at a Reputable Educational Institution

A reputable educational Institution is recruiting to fill the position below:

Job Title: Finance Manager

Location: Lagos
Employment Type: Full-time

Job summary

• The Finance Manager will ensure effective utilization of the financial resources of the School, including achieving cost efficiently in line with defined goals and objectives.
• He / she will provide Management with timely, complete and accurate financial information for business decision-making.

Duties and Responsibilities
Strategic:

• Provide leadership and strategic decision in the execution of the department's work plans and programmes
• Identify risks and long-term financial implications of intended projects / initiatives, and advise the Management accordingly
• Develop and implement cost management strategies to monitor and control costs
• Develop investment strategies that will ensure high returns on investment while assuring liquidity for the School's operations
• Ensure on-going incorporation of leading practices in the operations and activities of the department

Operational:

• Coordinate the development of the School's budget, and the allocation / distribution of financial resources in line with the School's short, medium and long-term strategic plans
• Ensure implementation of an effective and adequate financial controls
• Ensure availability of adequate funding as required for the School's operations, in line with the School's financial policies
• Analyse and report on the School's investment portfolio, yields and investment instruments
• Analyse and report on the School's loan and borrowing portfolio including analysis on existing loan facilities and interest rate exposures
• Ensure the timely reconciliation of accounts and prepare periodic activity / management reports to the Management, on the activities of the finance function
• Coordinate timely preparation of financial statements and ensure that the statements reflect the School's financial position and comply with statutory and regulatory requirements
• Manage the interface between the School and external auditors and regulators to ensure the School's financial interest is protected
• Participate in management meetings and provide insight into the financial position of the School and opportunities that can be explored.

General:

• Continuously review the department's policies, processes and activities, and make recommendations for improvement to the Management.
• Manage the human and material resources of the department to optimize performance and enhance output
• Oversee and coordinate the day-to-day activities of the department and provide overall leadership and guidance to subordinate.
• Assign detailed responsibilities to subordinates and supervise them to ensure timely delivery of high quality results
• Motivate, guide and ensure knowledge transfer and capacity building of staff within the finance & accounts function
• Review and authorize key expenditures / transactions of the department in line with approved departmental budget and manual of authority
• Ensure periodic meetings to communicate School and departmental goals/targets and agree work plan
• Conduct periodic performance appraisals for staff and manage the career and developmental needs of subordinates in line with defined HR policies and procedures.
• Monitor the activities of vendors to ensure adherence to Service Level Agreements (SLAs).
• Perform any other duties as assigned by the Management.

Qualification and Work Experience
The Finance Manager must satisfy the following minimum qualifications:

• First degree in Accounting / Banking & Finance / Statistics or its equivalent.
• Membership of a recognised professional body of Accountants e.g. ICAN, ACA, ACCA, CPA, CIMA.
• Minimum of ten (10) years cognate experience in a reputable organization with at least five (5) years at management level
• Experience in strategic financial planning and analysis

Skills and Competencies:

• Advanced financial accounting knowledge, including in-depth understanding of finance best practices, International and Nigerian accounting and financial reporting standard
• Good understanding of financial controls
• Good understanding of the School’s operations, inter-relationships and dependencies
• Strong leadership, supervisory, coaching and mentoring skills
• Ability to think strategically and holistically
• Excellent communication, business presentation and analytical skills
• Excellent negotiation and problem-solving skills
• Strong business acumen, maturity and tact
• High integrity and ethical standards
• Good appreciation and working knowledge of office productivity tools
• Good understanding and working knowledge of financial accounting systems.

Application Closing Date
30th October, 2020

How to Apply
Interested and qualified candidates should submit their CV to: [email protected] using "Finance Manager" as the subject of the email

Note: Please do not apply to this position if you did not meet the requirements.