Finance Manager at LEAD Enterprise Support Company Limited

LEAD Enterprise Support Company Limited is a foremost Human Resources Solutions organization with many years of cumulative experience and expertise. We are prolific in Outsourcing, Recruitment, Head hunting and HR Advisory. We are a multi-sectorial servicing company, with landmark service deliverables to our clients in varied industries.

We are recruiting to fill the position below:

Job Title: Finance Manager

Location: Ikeja, Lagos
Employment Type: Full-time

Job Description

• The Finance Manager shall have the overall responsibility for the identification, measurement, analysis, and interpretation of accounting information that helps leaders in the Company and its subsidiary companies in strategic planning and in making sound financial decisions to efficiently manage their daily operations.
• He/She shall provide operational and line management leadership for the Finance Department at the Company, and periodically analyze all subsidiary businesses’ operational and financial data to predict inconsistencies, maximize profits and minimize losses.
• The Job holder shall oversee the management of the Company’s financial systems, including accounting, budgeting, financial reporting, forecasting, cash flow analysis, payroll management, audit and controls, investments, and risk management.
• The job holder also takes responsibility for periodically collecting, consolidating, analyzing, and reporting information about the operations and finances of all subsidiary businesses - monthly, quarterly, half-yearly, and annually.

Principal Responsibilities & Accountabilities/Key Performance Areas
Financial Accounting System:

• Supervise and lead the Finance department team
• Oversee the maintenance of an error-free accounting system and books for the Company
• Prepare monthly, quarterly and annual financial statements and reports including P&L accounts, cash flows, variance analysis and commentaries.
• Monitor and report on accounting inconsistencies.
• Cash flow management
• Conduct internal audits.
• Oversee tax payments.
• Adhere to all statutory financial reporting and tax legislation.
• Prepare internal and external financial reports and long-range financial planning instruments, including financial and compliance audits
• Keep up-to-date with financial policies, practices, and regulations.
• Comply with state and federal tax regulations.
• Liaise with external auditors.

Budgeting/Forecasting:

• Prepare comprehensive annual budgets and forecasts for the Company in line with its business objectives.
• Guide annual budgeting procedures for all subsidiaries and review proposed budgets for consistency with group objectives before the budgets are approved by the boards.
• Collect and collate approved budgets from all subsidiaries as per given timelines
• Prepare periodic budget monitoring reports, comparing actual performance with budgets showing variances.
• Make periodic forecasts to assist business planning and decision-making.
• Prepare financial reports and budgets, as well as control and forecast income and expenditure.
• Ensure accurate consolidation of results, budgets, and forecasts for the Company and all its subsidiaries
• Analyze actual performance versus forecasts and budgets for the Company and its subsidiaries.

Payroll Management:

• Responsible for all of the outputs of the payroll function with a view to putting in place the necessary controls and checks that ensure all employees are paid accurately as per company policy.
• Oversee the periodic reconciliation of the payroll and finance systems and investigate and report any differences.

Investment/Fundraising:

• Assist the company in managing its investment portfolio
• Prepare periodic investment reports
• Write clear and well-informed investment recommendations based on thorough research and analysis.
• Analyze requirements and determine appropriate investment strategies for the organization.
• Lead Fundraising efforts for the Company and its subsidiaries.

Management Accounting:

• Provide monthly accurate and sound management reporting to assist with key decision-making using ratios, trend analysis, and other analytical tools.
• Gather and analyze financial information of the company and its subsidiaries – to evaluate the efficiency of financial procedures
• Evaluate the company’s performance using key data
• Produce analysis packs based on group performance & present commercial information to management
• Advise on problems and impacts of key management decisions on company performance and suggest improvements
• Support The Company new investment decisions in new projects/new business - by determining NPV, FV, breakeven point, payback period and other indices to help make preferred investment choices.
• Keep informed of regulatory requirements and best practices in management accounting.
• Perform ad hoc analysis e.g. business case modelling.

Risk Assessment and Management:

• Conduct financial and operational risk assessment for THE COMPANY and its subsidiaries and advise on ways to minimize risk
• Review, develop and implement cost-effective financial policies and procedures, to mitigate financial risks.
• Ensure that the organization complies with all legal and regulatory requirements.
• Ensure that financial and accounting record keeping meets the requirements of auditors and government agencies.
• Maintain relations with external auditors and investigate their findings and recommendations
• Provide support to the tax consultant.

Leadership & People Development:

• Lead, manage, guide, and motivate the Finance department team
• Support capacity development within the Finance team through personal development planning, coaching, mentoring, and internal and external training.

Job Requirements

• Education: B.Sc / M.Sc in relevant field.
• Experience: Must have at least 10 years experience working for The Big Four Accounting Firms. Must also be a member of ICAN.

Application Closing Date
10th June, 2022.