Finance Manager at Powerex Limited

Powerex Limited is a reputable company that provides electrical and power services in Nigeria. With our team of competent staff, we serve our clients by combining good customer service with sound technical skills. Our responsiveness and professionalism uniquely endear us to our growing clientele. We appreciate that high-quality power availability means a lot to your business, and that is what we are set to ensure. Your electric power concerns are safe in our hands; you may confidently go to sleep. You would find our partnership more rewarding than you thought. We are focused on strengthening relationships with our customers and leading global solutions vendors; ensuring that we continually provide cutting-edge technology solutions with the highest quality of service delivery exceeding our customers' expectations. We welcome you to our world where we attentively listen to and appreciate your needs, and are always willing to meet and exceed your expectations cost-effectively and efficiently.

We are recruiting to fill the position below:

Job Title: Finance Manager

Location: Ikeja, Lagos
Employment Type: Full-time

Job Summary

• The Finance Manager is responsible for overseeing the financial operations of the company, ensuring accuracy in financial reporting, compliance with regulatory requirements, and efficient management of financial resources. 
• The role includes handling tax audits, financial planning, cash management, and accounts reconciliation to support the company’s financial health and strategic goals.

Responsibilities
Financial Management and Reporting:

• Oversee financial reporting and ensure compliance with accounting standards.
• Prepare monthly closure and management meeting reports.
• Review and approve vouchers, stock requests, and cash management transactions.
• Manage financial postings and processing on Sage (Melange and Powerex).
• Conduct inventory stock analysis and receivable follow-ups with clients.
• Analyze foreign sales reports for audit and management purposes.

Taxation and Audit Compliance:

• Lead tax audits, respond to auditors’ queries, and ensure accurate tax filings (FIRS, and LIRS).
• Oversee ITF annual returns and other statutory tax compliance requirements.
• Coordinate meetings with regulatory bodies for tax assessments and compliance.

Cash Flow and Treasury Management:

• Manage company cash flow, ensuring availability of funds for operations and investments.
• Supervise FX bidding and purchase for foreign supplier payments.
• Oversee loan documentation, interest calculations, and loan liquidation.

Strategic Financial Planning:

• Support senior management in financial decision-making and strategy implementation.
• Coordinate finance department operations and streamline financial processes.
• Conduct financial reviews to optimize costs and improve profitability.
• Develop and review job descriptions and SOPs for financial departments.

Stakeholder Engagement and Coordination:

• Liaise with external consultants, banks, and auditors for financial assessments.
• Facilitate payment follow-ups with key clients, suppliers, and partners.
• Provide financial insights to support corporate decision-making.

Key Performance Indicator
Financial Performance & Reporting:

• Timeliness of financial reports
• Accuracy of financial forecasts
• Cost Management and efficiency
• Management of operating cost by implementing cost savings initiatives
• Number of successful initiatives
• Costs saved
• Compliance rate with Financial Regulations
• Number of issues identified during internal audits
• Team management and development
• Team productivity
• Training and development sessions conducted
• Contribution to business strategy
• Level of financial insights provided.

Key Competencies and Skills:

• Strong knowledge of financial reporting and accounting principles.
• Expertise in tax laws, audits, and statutory compliance.
• Proficiency in financial software, especially Sage
• Excellent cash management and treasury operations skills.
• Strong analytical and problem-solving abilities.
• Effective leadership and team coordination skills.
• Ability to handle financial negotiations and stakeholder engagements.
• Support senior management in financial decision-making and strategy implementation.
• Coordinate finance department operations and streamline financial processes.
• Conduct financial reviews to optimize costs and improve profitability.
• Develop and review job descriptions and SOPs for financial departments.

Application Closing Date
23rd May, 2025.