Job title: Finance Manager
Job Description
Our Client, Magical Aviation Group, is seeking a skilled and experienced Finance Manager. The Finance Manager will be responsible for overseeing all aspects of financial operations, including accounts, financial reporting, budget and compliance.
This position provides strategic leadership in financial planning and accounting processes particularly in the management and development of finance and accounting policies, systems and processes that safeguard utilization of financial resources to ensure prudence of resource utilization and resources allocation at both the internal and external stakeholders.
The position also oversees the implementation of short term and long-term investment strategies.
Key Responsibilities
I. Managerial / Supervisory Responsibilities
- Oversee preparation of financial reports, lead period-end closing process and conduct monthly financial forecast.
- Approve bank reconciliations to ensure accountability and for financial reporting purposes;
- Approve payment vouchers to initiate timely payments for goods and services delivered to the institution by suppliers
- Lead in Mentoring, coaching and training of staff in the department to provide them with necessary skills and knowledge to perform their duties and grow professionally;
- Prepare and/or approve payroll and initiate payment of salaries and allowances to employees and casual staff;
- Manage petty cash payment schedules for reimbursement of official expenditure incurred by staff members;
- Oversee review and recommend for approval of budget variance reports to inform decision making relating to budgetary allocation;
- Liaise with department heads to submit budget proposals as input and estimates for budgetary allocations;
- Guide review and present monthly cash flow forecast to the management to inform on the institutional liquidity position;
- Approve monthly fixed asset movement schedule to ensure accuracy and completeness of the books of accounts
- Manage the relationship between the internal and external stakeholders such as clients, contractors and suppliers to ensure conducive working relationships
- Manage internal and external Audits to ensure they proceed smoothly in line with relevant legislation and professional standards
- Spearhead review of financial bids for business development proposals for submission to management for approval.
- Steer development and implementation of a robust financial systems and procedures to guide financial matters in the organization;
- Lead developing of financial controls to ensure prudent usage and management of financial resources; and
- Liaise with other Departments so as to ensure that financial and related regulations are complied with and where applicable give procedural guidance including dealing with any staff enquiries on any payment related matters
I. Managerial / Supervisory Responsibilities
- Maintain inventory of bank accounts and approved signatories’ specimen for accountability and safeguarding of resources
- Sign cheques/Electronic Funds Transfers for release of funds towards making payments
- Identify, assess and provide mitigation measures on financial risks involved in the financial activities of the organization.
- File documents accordingly to ensure ease of retrieval and reference and prevent them from loss and unauthorized modification;
- Identify incidences of non-compliance with laid down financial systems and financial risks facing the Fund;
- Ensure proper cash flow management.
- Ensure compliance to Performance Contracting Financial Key Performance Indicators (KPIs);
- Monitor status of advances and expenses accounts to ensure that payments/expenditure reporting are up to date;
- Evaluate financial performance of the organization and measure returns on investments.
- Provide financial insight and analysis to drive the business performance of the organization.
Key Skills
- At least 5 years of experience, with three (3) as a Principal Accountant/Finance Officer.
- Experience in the tourism and hospitality industry will be an added advantage
- Certified Public Accountant (CPA) or Certified Chartered Accountant (ACCA) or equivalent qualification from a recognized institution
- Be proficient in accounting packages;
- Certificate in Leadership Course from a recognized institution will be an added advantage
- Certificate in computer applications from a recognized institution
Required Qualifications
- Masters’ degree in any relevant field will be an added advantage
- Bachelors’ degree in Commerce (Accounting option); Commerce (Finance option); Business Administration (Accounting option) or equivalent qualification from a recognized institution;
How To Apply
If you meet the above requirements for this position, please submit your cover letter and CV as one document by clicking the link here >> FINANCE MANAGER VACANCY on or before 20th May 2024 5.00pm. Do not attach certificates or testimonials. Applications will be reviewed on a rolling basis with a view to hiring in advance of the deadline. Only short-listed candidates will be contacted.