View Jobs at IO Furniture Limited |
Full Time |
Posted 5 years ago |
IO Furniture Limited is recruiting candidates for a Head, Finance.
JOB TITLE: Head, Finance
JOB LOCATION: Lagos
JOB DETAIL:
- General Business
- Finance Administration
- Budgeting / Forecasting & Reporting
- Asset Management
- Regulation & Statutory Compliance
- People Management
Core Working Relationships:
- Sales Operation
- Technical Team
- Production Team
- Logistics / Procurement Team
- Finance Team
- Board
- Management Team.
Task Complexities
General Business:
- Oversee the smooth and efficient running of the Finance Dept.
- Ensure compliance with statutory authority, audit requirements and relevant
- Accounting Standard
- Maintain integrity of Accounting system (software), ensuring it remains effective and operational at all times.
- Ensure all taxation requirements are complied with at all times by designing and implementing efficient Tax Management Strategy.
- Establishing and maintaining cordial relationship that will be of immense benefit to the company with bankers/financiers.
- Designing and implementing all necessary Policies and Procedures to ensure standardized flow of works and transactions.
- Involves in Planning and Execution of Financial goal and being abreast of development in FX market for ultimate benefit of the company.
- Reviewing of Government policy with their respective impact on the business and supporting other department in moving the business forward.
Finance Administration:
- Ensuring monthly reconciliation of all ledgers and sub-ledgers.
- Analyzing the business performance/results, providing feedback to Senior Management.
- Tracking and monitoring revenue/cost for accuracy, verifying it against sub ledger report on a monthly basis.
- Ensuring that revenue and Cost are allocated correctly, taking corrective action where inconsistencies arise.
- Ensuring monthly accruals are adjusted to meet demands of the business.
- Negotiating competitive rates with insurers and in conjunction with relevant personnel tracking, monitoring as well as managing insurance claims.
- Ensuring that debtors are monitored and collections are consistent with set company time frames.
- In conjunction with Directors sourcing and identifying financial providers.
- Collating all relevant information to produce end of year statutory accounts for the company.
- Ensuring that end-of-year statutory accounts and report are finalized by specified date and presented to Directors for review.
- Managing Petty Cash payments and re-imbursement system.
- Ensuring timely stock counting in line with company and audit requirement.
- Instituting Internal Control to safe guide the company assets.
- Ensuring timely reconciliation of Bank Statement against the General ledger for prompt discovering of errors or misstatement.
- Ensuring effective and efficient payroll system in conjunction with HR
- Verifying on monthly basis the bank charges debited by banks.
- Amortizing the prepayment like rents, advertisement and any other advance payments.
- Managing the company General Ledger i.e. Chart of Accounts
Budgeting / Forecasting & Reporting
- Coordinating and preparing annual budgets, including operating and capital expenditure budgets, ensuring the accurate preparation / reporting of monthly financial results
- Providing assistance / direction to managers with regards to the preparation of budgets.
- In conjunction with the Managing Director, ensure that business cash flow adequately supports company work activities and produces optimal results.
- Ensure approved capital expenditure budgets are adhered to at all times.
- Ensure any variations to budgets and forecasts are explained in management reports, including any future / potential exposures to the organization.
- To prepare “budget reports” on an annual basis for review by Directors.
- On a monthly basis, track and review expenditure against set budgets providing
- Directors with a “budget inconsistencies report”.
Asset Management:
- Ensuring all company assets are monitored, insured and accounted for.
- Ensuring company motor vehicles and property are effectively managed.
- Ensuring the fixed assets register is managed and maintained with strict adherence to “fixed assets register procedure.”
- On a monthly basis ensuring the general ledger is reconciled to the assets register
- Preparing on the monthly basis the Fixed Assets Movement Schedules.
- Ensuring timely capitalization and disposal of Fixed Assets in line with company policy.
- Ensuring accurate depreciation is charged to P & L monthly. 4.9 Ensuring proper tagging of Fixed Assets.
- Ensuring Tax Acceptance Certificate is obtained from relevant authority for capital allowance purposes where applicable.
Regulations & Statutory Compliance:
- Ensuring there is proper documentation and annual reconciliation of gross wages, payroll tax and workers compensation against general ledger.
- On an ongoing basis, reviewing company expenditure to ensure compliance with Loan Covenants with banks, reporting violation immediately to the MD.
- Collecting and collating all necessary documentation in readiness and preparation of company income tax returns.
- Ensuring prompt remittance of pension contribution deducted.
- Assisting in formulating and implementing policy on Corporate Governance.
People Management:
- Providing leadership direction for the Finance teams.
- Making self-available as coach / mentor in assisting my team to develop in their positions.
- Ensuring that relevant information is communicated to my team enabling them to effectively carry out their functions.
- Delegating tasks to my team in line with skill, knowledge and ability and where necessary identifying skill gaps and training requirements.
- When needs arise, involving in relevant personnel matters including recruitment, termination and counseling.
- Completing KPI assessment of direct reports within Company as required from time to time
- Any other job that may be assigned by the MD any time.
- Being a company ambassador to bring business and project the company image in positive light.
Key Job Attributes
Generic:
- Leadership and Motivation
- Analytical and quantitative decision making skill
- Oral and written communication skills
- Problem-solving, creativity
- Ability to Multitask
- Ability to work with a team
- Ability to work independently
- Ability to be proactive and deliver results
- Integrity/Discipline
- Excellent interpersonal skills
- Strong negotiation skills
Technical:
- ACA qualification
- Solid ability to use the Microsoft office package
- Ability to use the Sage financial package
Education & Experience
Education:
- First Degree in Accounting, Finance, Economics or a related field.
- ACA or ACCA certification
- Experience with ERP systems; Microsoft Navision experience is a plus
Experience:
- Minimum of 5 years work experience in a managerial role.
Method of Application
Interested and qualified candidate should send their CV to: [email protected] using the Job Title as the subject of the email.
Job Features
Job Category | Accounting / Audit / Finance |
Deadline | 29th February, 2020. |