Job Summary
The Finance Manager will be responsible for managing and coordinating the financial operations of the organization, ensuring accurate financial reporting, effective financial controls, prudent cash management, compliance with applicable financial and tax regulations, and the timely provision of financial information to Management for decision-making.
The role will oversee budgeting, financial planning and analysis, accounts payable and receivable, cash flow management, reconciliations, management reporting, statutory compliance, audit coordination, and financial controls. The Finance Manager will also support Management in monitoring financial performance, controlling costs, identifying financial risks, and improving the overall financial efficiency of the organization.
Duties and Responsibilities
Manage and coordinate the day-to-day financial and accounting activities of the organization.
Ensure accurate and timely preparation of monthly, quarterly, and annual financial reports.
Prepare management accounts, financial statements, financial analysis, and other reports required by Management.
Monitor the organization’s cash flow, working capital, receivables, payables, and overall liquidity position.
Prepare and monitor annual budgets and periodic financial forecasts in collaboration with relevant departments.
Analyse budget performance and investigate significant variances, providing explanations and recommendations to Management.
Develop and maintain effective financial controls to safeguard company assets and ensure the integrity of financial information.
Review payment requests, invoices, expenses, and supporting documentation to ensure accuracy, completeness, and compliance with approved processes.
Oversee accounts payable and receivable functions, ensuring timely processing, reconciliation, and collection of outstanding balances.
Monitor customer receivables and follow up on overdue accounts in collaboration with relevant departments.
Ensure timely bank reconciliations and reconciliation of relevant general ledger and subsidiary accounts.
Monitor banking activities, transfers, collections, payments, and other financial transactions.
Ensure proper maintenance and filing of accounting records, financial documents, invoices, receipts, and supporting schedules.
Coordinate the preparation and submission of statutory financial and tax returns in line with applicable requirements.
Liaise with tax consultants, external auditors, banks, regulators, and other financial advisers as required.
Coordinate internal and external audit activities and ensure timely provision of requested financial information and supporting documentation.
Monitor audit findings and coordinate the implementation of agreed corrective actions.
Ensure compliance with applicable accounting standards, tax regulations, company policies, and financial procedures.
Provide financial analysis and advice to Management on business decisions, investments, cost management, and financial risks.
Support Management in evaluating the financial implications of contracts, projects, business opportunities, and major expenditures.
Monitor operational costs and identify opportunities for cost optimisation and improved financial efficiency.
Review financial processes and recommend improvements to strengthen controls, efficiency, and accountability.
Support procurement and other departments in financial evaluations, vendor payments, pricing reviews, and commercial assessments where required.
Monitor fixed assets, company assets, depreciation schedules, and related financial records.
Ensure proper segregation of duties and adherence to approved financial authority limits.
Maintain confidentiality and security of financial information and sensitive company records.
Identify financial and operational risks and recommend appropriate mitigation measures.
Provide guidance and supervision to Finance & Accounts team members and support their professional development.
Ensure timely completion of departmental activities and adherence to financial reporting deadlines.
Prepare financial presentations, reports, dashboards, and analysis for Management meetings when required.
Carry out any other finance, accounting, or commercial responsibilities assigned by Management.
Qualifications
Bachelor’s degree in Accounting, Finance, Economics, Business Administration, or a related discipline from a recognised institution.
Professional accounting qualification such as ACA, ACCA, or equivalent is required.
Minimum of 7 years’ relevant post-qualification experience in accounting and finance, preferably within a structured corporate, Oil & Gas, Marine, Engineering, or related environment.
Demonstrable experience in financial management, management reporting, budgeting, cash flow management, financial controls, and financial analysis.
Strong experience in preparing and interpreting management accounts and financial statements.
Practical knowledge of Nigerian tax regulations, statutory financial requirements, and applicable accounting standards.
Experience coordinating internal and external audits and liaising with auditors, tax consultants, banks, and regulatory authorities.
Experience in budgeting, forecasting, variance analysis, cost control, and financial planning.
Strong knowledge of accounting systems and Microsoft Excel; experience with ERP/accounting software will be an advantage.
Demonstrable experience in supervising and managing finance and accounting personnel.
Strong analytical, numerical, problem-solving, and decision-making skills.
Excellent written and verbal communication skills.
High level of integrity, accuracy, confidentiality, and attention to detail.
Membership of relevant professional bodies or additional certifications in finance, risk management, taxation, or related areas will be an advantage.
Competency Description
Financial Management Ability to effectively manage financial resources, controls, reporting, and overall financial operations.
Financial Reporting Strong ability to prepare, analyse, and present accurate financial and management reports.
Budgeting & Forecasting Ability to develop budgets and forecasts, monitor performance, and provide meaningful variance analysis.
Cash Flow Management Strong ability to monitor liquidity, working capital, collections, payments, and cash flow requirements.
Financial Analysis Ability to analyse financial information and provide practical insights to support management decisions.
Cost Management Ability to monitor expenditure, identify cost-saving opportunities, and promote financial efficiency.
Internal Controls Strong understanding of financial controls, risk management, segregation of duties, and accountability.
Tax & Regulatory Compliance Knowledge of applicable tax, statutory, accounting, and regulatory requirements.
Audit Management Ability to coordinate audit activities, provide supporting documentation, and follow up on audit findings.
Analytical & Problem-Solving Strong analytical ability and sound judgement in assessing financial and business issues.
Leadership & Team Management Ability to supervise, guide, develop, and motivate finance team members.
Communication Excellent written and verbal communication skills, with the ability to explain financial matters clearly to non-finance stakeholders.
Attention to Detail High level of accuracy in financial records, reconciliations, reports, and supporting documentation.
Integrity & Confidentiality Ability to handle sensitive financial information with discretion, professionalism, and strong ethical judgement.
Stakeholder Management Ability to work effectively with management, employees, clients, banks, auditors, regulators, vendors, and other stakeholders.