Finance Manager The Luxxor Group Nigeria

Job description

The Position

The Finance function within the group is managed centrally and its responsibility is not limited to the day to day running of the P&L but also financial analysis & planning, budgeting, forecasting, monthly management pact etc for all the subsidiaries.

This is a key position reporting to the CFO, with Prime responsibility for; the development and continual refinement of robust financial control, reporting and implementation processes.

Principal Accountabilities

• Managing the company's financial accounting, monitoring and reporting systems
• Liaising with auditors to ensure annual monitoring is carried out
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations
• Producing accurate financial reports to specific deadlines
• Manage vendor invoices - Receive and process vendor invoices and internal cheque requests. Maintain open files for purchase orders, packing/receiving slips and match to invoices. Verify invoices for quantity, unit pricing, extensions, and applicable discounts.
• Carry out bank reconciliation - Prepare monthly bank reconciliation for all accounts. Verify accuracy of bank statements and answer questions or resolve problems. Maintain integrity of cash balances and cash flow systems.
• Preparation of the company annual Financial Statement in collaboration with Finance Manager
• Conducting reviews and evaluations for cost-reduction opportunities
• Attending to External Auditor during statutory Audit.
• Ensure up to date Intercompany reconciliation with parent company and all other subsidiaries within the group.
• Review and ensure Value Added Tax (VAT) and Withholding Tax (WHT) are deducted correctly from Vendor Invoices and subsequently remitted promptly to the respective tax authority (FIRS and LIRS) accordingly.
• Review and ensure all monthly provisions (Audit Fee, Tax Consultancy Fee & etc) prepayment and amortization are made monthly.
• Review Payroll with Human Resources Manager to ensure statutory deductions and pension are calculated and remitted correctly
• Review Petty Cash Expenses with Administration Team
• Review and ensure daily and end of month posting of all payment vouchers and Journals before impacting into general ledger.
• Verify documents for completeness and compliance with government and private agencies.

• Any other duties that may be deemed appropriate to this role

Person Specification

The ideal candidate must be a Certified Chartered Accountant (ACCA, or equivalent), with minimum qualification of a B.Sc in Accounting or Finance. He / She must have minimum of 6 years’ experience. An MBA or Msc in Finance; knowledge of the use of ERPs would be an added advantage.

Skills

· Core accounting skills

· Advanced knowledge of MS Excel

· Financial planning, budgeting, and reporting

· Financial analysis and interpretation skills

· Accounts preparation and bank reconciliation skills

· Attention to detail

· Good presentation and communication skills

· Application of accounting principles

· Preparation of timely financial statements

· Filing of reports to statutory bodies

· Cash flow management

· Knowledge of Statutory returns and reporting

Internal Liaison

All units and departments that have dealings with The Finance Department.

External Liaison

Partners both local, International, Government agencies and various vendors.

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