RS Hunter Limited is recruiting to fill the position of:
Job Title: Finance Manager
Location: Lagos
Job Description:
- The Finance Manager has overall responsibility for the financial activities of the organization. The role will, in addition to managing the company accountant, include providing support to the management team on a variety of finance related issues, including direct liaison with Corporate CFO office, while also ensuring maximum return on investment and minimizing risk of financial loss through unsecured exposures.
- The Finance Manager, will also provide in-depth financial analysis including, but not limited to financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, reviewing operational performance and development and implementation of a detailed manual of policies and procedures to guide the operations of the organization as a going concern.
- The position will report to the Managing Director and Board of Directors.
Finance Manager Job Duties:
Management
- Manage the job function of the company accountant and 1st level approver for all financial transactions
- Develop and maintain a documented system of accounting and general operational set of policies and procedures, in line with the organization's guidelines and approved by the Board of Directors.
- Manage outsourced functions and personnel
- Establish and maintain close liaison with Corporate CFO office for support, preparation and approval of MRF, management reports, cash flow statement and treasury operations.
Funds Management
- Forecast cash flow positions and/or related borrowing needs and propose cash management options to Corporate CFO office for approval.
- Ensure sufficient availability of funds to meet ongoing operational and capital investment requirements.
- Ensure all local currency sales are hedged against a major convertible currency to mitigate financial risks related to financial exposures or foreign exchange positions.
- Maintain banking relationships
Budgeting
- Work with Managing Director during the annual budget cycle to develop the company's financial targets for the year and prepare budget presentation for management approval.
- Assist management in the formulation of its overall strategic direction.
- Prepare quarterly management report showing variances across the different financial KPIs of the budget and provide reasons for such variances.
Financial Analysis
- Engage in ongoing cost reduction analyses in all areas of the company.
- Interpret the company's financial results to management and recommend improvement activities.
- Assist in the determination of product pricing in relation to features offered and competitor pricing.
- Support the CAPEX approval process by preparing economic evaluation models showing Net Present Value (NPV) and Internal Rate of Return (IRR) based on a discounted cash flow analysis and establishment of realistic cost and revenue estimates that are in line with the market.
- Oversee the extension of credit to customers
Minimum Applicant Attribute
- Education / Qualification: Bachelor degree in Accounting finance or accounting, or equivalent business experience
- Preference will be given to candidates with ACA, ACCA, CIMA, CFA or similar certification
- Possession of a Masters degree in a Commercial discipline will be an advantage.
Languages: English.
Experience: 10+ years of mid-senior level experience for a major company or division of a large corporation.
- Operational Know-How when hired
- Detailed working knowledge of accounting, including understanding of the International Financial Reporting Standards (IFRS), corporate finance and management reporting
- Conversant with MS office and wide range of accounting/ERP packages.
- Attention to detail, deadline oriented, confidentiality, time entry and general math skills.
- Excellent communication skills are essential, particularly in regard to presenting the results of analyses to management.
- Should have an outstanding knowledge of electronic spreadsheets.
Application Closing Date
30th August, 2014
Method of Application
Interested and qualified candidates should send CV to:
[email protected]
NB: "Finance Manager" should be the subject of your application.