Finance Manager at Teco Group

TECO is a longstanding Nigerian Engineering firm, founded in 1980. We excel in delivering tailored engineering solutions to a wide range of industries throughout Nigeria and the rest of Africa.

We are recruiting to fill the position below:

Job Title: Finance Manager

Location: Ikeja, Lagos
Employment Type: Full-time

Job Description

• The Finance Manager will be responsible for financial planning, budgeting, financial reporting, cost control, tax compliance, and internal financial controls across the organisation.
• The role will also supportproject financial monitoring, ensuring that fabrication and installation projects remain financially viable and properly accounted for.
• The successful candidate will work closely with management, project teams, procurement, and operationsto ensure strong financial governance and profitability.

Key Responsibilities
Financial Management & Reporting:

• Prepare monthly, quarterly, and annual financial statements.
• Maintain accurate general ledger, financial records, and accounting systems.
• Provide financial analysis and reportsto management for strategic decisions.
• Ensure compliance with accounting standards and financial regulations.

Budgeting & Cost Control:

• Develop and monitorannual budgets and departmental budgets.
• Trackproject costs and profitability for palm oil mill fabrication,installation and electrical projects.
• Implement systems tocontrol operational and project costs.
• Monitor cash flow and financial performance.

Tax & Regulatory Compliance:

• Ensure compliance with tax regulations (PAYE, VAT, Withholding Tax, Company Income Tax).
• Coordinate statutory filings and regulatory reporting.
• Liaise with external auditors, tax consultants, and regulatory authorities.

Financial Controls & Risk Management:

• Establish and enforceinternal financial control systems.
• Monitorprocurement and payment processesto ensure financial discipline.
• Identify and mitigate financial risks affecting operations.

Project Financial Oversight:

• Work closely withproject managers and operations teamsto monitor project budgets.
• Reviewproject cost estimates and financial feasibility.
• Ensure properfinancial documentation for project expenditures.

Team Leadership:

• Supervise and guideaccounting and finance staff.
• Support training and development within the finance function.
• Promote a culture offinancial accountability across the organisation.

Requirements
Education:

• Bachelor’s Degree in Accounting, Finance, or related discipline.

Professional Qualification:

• ICAN, ACCA, or equivalent professional certification is required.

Experience

• Minimum 5–8 years accounting/finance experience.
• Experience in engineering, manufacturing, construction, or project-based organisations will be an advantage.

Skills & Competencies

• Strong financial analysis and reporting skills
• Knowledge of tax laws and statutory compliance
• Budgeting and cost control expertise
• Strong Excel and accounting software proficiency
• Excellent leadership and communication skills
• This role is part of our gender balance initiative; therefore, applications from qualified female professionals will be prioritized.

Application Closing Date
Not Specified.