Senior Finance Manager

Job Responsibilities

1. Financial Planning & Analysis:

• Develop and manage financial models to forecast company performance.

• Analyze financial data to identify trends, variances, and key performance indicators.

• Provide insights and recommendations for cost reduction, revenue enhancement, and profitability improvement.

1. Budgeting & Forecasting:

• Lead the annual budgeting process, working closely with department heads.

• Monitor and report on budget vs. actual performance.

• Prepare regular financial forecasts and scenario analysis.

• Reviewing daily inventory reports for all workshops from all inventory officers from the warehouse.

• Coordinate end-of-the-month and end-of-the-year inventory audits.

1. Financial Reporting:

• Oversee the preparation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.

• Ensure compliance with accounting standards and regulatory requirements.

• Prepare management reports and present findings to senior leadership.

• Coordinate the end-of-the-month management reporting process.

• Preparation of in-depth & insightful financial analysis.

• Prepare segmental reports to review margins, receivables, inventory, and cash collections.

1. Taxation and Statutory Compliance( Preferably in multi-markets).

• Oversee the preparation and filing of corporate tax returns.

• Ensure compliance with local, state, and federal tax regulations.

• Ensure compliance with GAAP and other regulatory requirements.

• Manage relationships with external tax advisors and regulatory bodies.

• Oversee the preparation and filing of corporate tax returns.

• Monitoring statutory deductions (taxes) and ensuring that they are paid as of when due.

• Oversee tax compliance for the company.

• Ensure full adherence to all company financial policies across all departments.

1. Accounting and Financial Management

• Oversee the preparation of financial statements and reports.

• Manage the general ledger and ensure accurate and timely closing of accounts.

• Coordinate internal and external audits.

• Facilitating invoice discounting and other forms of funding for the company.

• Reconciliation of variances between the Actual and Budgeted costs and investigating the reasons.

• Developing and implementing various control policies, such as credit control policies, Inventory policies, payables policies, and debt collection policies.

• Preparation of Financial statements, the statement of financial position (Balance sheet), statement of financial performance (Profit or loss account), and cash flow statement following IFRS standards

1. Cash Flow Management:

• Monitor and manage the company's cash flow to ensure adequate liquidity.

• Oversee accounts receivable and accounts payable processes.

• Implement strategies for optimizing working capital.

1. Risk Management:

• Identify and assess financial risks, and implement measures to mitigate these risks.

• Ensure that the company’s financial practices are in line with statutory regulations and legislation.

• Coordinate with auditors for annual audits and ensure compliance with audit requirements.

Qualifications:

• Minimum of B.sc in Accounting, Finance or related field.

• Minimum of 6 years of experience in accounting, financial reporting, or tax management, with at least 3 years in a managerial role.

• ACCA or ICAN Certification.

• Advanced skills in accounting software (e.g., SAP, Oracle, QuickBooks).

• Proficiency in using spreadsheets (Excel) and other financial analysis tools.

• Strong knowledge of financial accounting, reporting, analysis, budgeting, forecasting, taxation and statutory compliance.

• Excellent analytical, problem-solving, and decision-making skills.

• Strong leadership and team management abilities.

• Excellent communication and interpersonal skills.