Overview

3. FINANCE MANAGER, FINANCIAL CONTROL & REPORTING

Job Overview

We are looking for a Manager, Financial Control & Reporting to ensure control over costs, cash and  handle regulatory financial reporting.

Reporting to the Head of Finance, the Financial Control & Reporting Manager is responsible for  preparing business performance reports (including weekly & monthly management accounts); conducting  daily, weekly and monthly transaction reconciliations; and designing and implementing internal control  structures to record and report on all accounting transactions.

Responsibilities

Strategy

 

Able to develop, analyse and monitor operational plans and budgets and recommend  corrective actions as required.
Identify, assess and advise on information required for management decision making. ∙ Provide strategic support to Commercial, Credit, Marketing and Operational Business  heads in developing strategy, formulating business plans and budgets, and providing  robust forecasts.
Business

 

Provide relevant and analytical financial insight to help in the formulation of Company’s  business strategy.
Partner with the business in driving effective cost and investment management. ∙ Provide financial input and co-ordinate the formulation of the Business operating  plans/budget and monitor progress towards their achievement, drawing attention to  important trends opportunities to maximize earning and minimize risk.
Undertake the financial analysis of the Business’ monthly performance. Update Business  Heads regularly on performance highlighting opportunities and potential risks.
Assist business in analyzing variance reports and variations from stated strategies at  business and segment level.
Review and monitor the business performance against our policies for Market Risk,  Liquidity Management and relevant Regulatory and Statutory requirements
Undertake regular financial analysis of new and existing products highlighting the impact  on business performance and the risks of such products
Assist in the evaluation of projects which are specific to the various Business Divisions in  accordance with Group and local guidelines and actively participate in their  implementation
Enhance financial controls environment through improvement of existing infrastructure  and capabilities.
Ensure adherence and support compliance to International Accounting Standards (IAS),  International Financial Reporting Standards (IFRS), Group Accounting Policies and  Financial Control Policy to ensure strong corporate governance.
Undertake ad hoc projects as may be required from time to time
Financial Management

 

Understand financial systems design and internal controls.
Able to prepare financial statements and disclosures for internal and external users and in  compliance with regulatory standards.
Evaluate and adapt financial accounting systems and processes to respond to emerging  developments.
Develop, prepare, analyse and interpret relevant financial information and non-financial  performance measures
Interpret and advise the organisation on reporting obligations.
Ensure timely month-end closings, reconciliation of general ledger accounts and bank  reconciliations
Regulatory Reporting

 

Submit all returns of the company to the regulatory bodies in line with the country  requirements and in time as prescribed in the regulations.
Calculate for Credit Risk, Market Risk as well as Operation Risk.
Manage data and processes

 

Collect and capture financial data that provides eligible collateral to facilitate capital  savings and accurate reporting.
Collect and capture data relating to provisions to facilitate capital savings and accurate  reporting.
Actively assist with the automation of the credit risk and remaining manual sections of  the return.
Ensure smooth transition from manually populating information to using an automated  process.
Manage Internal Reporting

 

Responsible for reporting all debt requirements.
Provide the Management team with MIS reports as required to facilitate the capital  management processes.
Facilitate all other ad hoc reporting requirements in support of business initiatives.
Management Accounting

 

Review of monthly Management Report.
Ensure the TB balances at all times.
Periodic checking of the data on the system to identify inconsistencies.
Review of monthly group reports.
Attend IFRS queries.
Deliver timeous commentaries for review to the manager of the business area.
Balance Sheet Substantiations (BSS)

 

Annual review of BSS Policy and other processes.
Annual review of risk profiling of suspense accounts.
Arrange BSS Awareness training to cover Reconciliations & internal control issues. ∙ Maintenance of Master Document to ensure that it’s up to date and all accounts have  ownership.
Track all Audit issues.
Reconciliation review.
Internal Financial Control (IFC)

 

Assist in developing and managing the annual department budget.
Recommend, monitor and execute accounting policies and procedures and internal  controls to ensure proper accounting of revenue and expenses.
IFC mandate for changes if need be.
Facilitate External and Internal Audit.
Ensure external financial reporting and surveys are completed timely, team up with the  external auditors to ensure timely response to audit requests and monitor progress for  closure of all issues raised on Revenue assurance/leakage reports.
Ensure issues raised are all resolved or escalated.
Qualifications

Essential requirements

 

Bachelor’s degree in accounting required and/or a master’s degree in related field from a  regionally accredited institution. CPA required.
5 – 7 years of experience in applying accounting practice along with detailed knowledge of  GAAP regulations required.
Supervisory experience preferred.
Strong analytical capabilities; excellent written, verbal, problem solving and communication  skills; critical thinking skills, in-depth working knowledge of computerised accounting systems;  demonstrated track record as a team player; proven experience with Microsoft office suite  product.
Desirable requirements

 

Have a commercial mindset
Good time management skills
Attention to detail
Problem solving skills
Sense of ownership and pride in your performance and its impact on company’s success
Skills and Competencies

 

Ability to foster a cooperative work environment.
Ability to make administrative/procedural decisions and judgments.
Skill in budget preparation and fiscal management.
Outstanding interpersonal and community relations skills and the ability to communicate and  work effectively within a diverse community.
Knowledge of financial/business analysis techniques.
Ability to provide technical guidance and leadership to professional personnel in areas of  expertise.

 

If any of the above roles defines you, simply submit your application

MODE OF APPLICATION

Click “APPLY FOR JOB” button above to apply for this job.

by 31st May 2022.

NOTE; USE THE JOB TITLE AS THE SUBJECT LINE.

Only Qualified Candidates will be contacted.

“Partnering With You For Better Performance”