Finance Manager

at  Abans and Company Limited

Abans and Company Limited - Our client is recruiting suitable candidates to fill the position below:

REQUIREMENTS

• Candidates should possess a Bachelor’s Degree with 5 - 8 years of experience.

Financial Planning and Budgeting:

• Develop and oversee the annual budget for the group, coordinating with department heads to set realistic projections and expense limits.
• Work closely with project managers to prepare project-specific budgets, ensuring cost controls and alignment with overall group financial objectives.
• Monitor budget performance, identifying variances and recommending corrective actions to keep the organization within financial targets.

Financial Reporting and Analysis:

• Prepare accurate and timely monthly, quarterly, and annual financial reports, providing insight into financial performance across business units.
• Conduct financial analysis to support strategic decisions, focusing on profitability, cost efficiency, and financial sustainability.
• Develop key financial metrics and KPIs to measure and monitor the performance of various business units and report these to senior management.

Cash Flow and Treasury Management:

• Oversee cash flow planning and ensure adequate liquidity for day-to-day operations and long-term investments.
• Manage the group’s cash reserves and ensure effective treasury management by optimizing banking relationships and managing financial transactions.
• Identify and implement strategies to enhance cash flow, including the efficient handling of receivables, payables, and investments.

Internal Controls and Compliance:

• Develop, implement, and monitor internal controls to safeguard the organization’s assets, prevent fraud, and ensure the accuracy of financial records.
• Ensure compliance with financial regulations, tax laws, and company policies across all business units.
• Coordinate with internal and external auditors, providing necessary documentation and responding to audit findings and recommendations.

Cost Management and Optimization:

• Implement cost control measures across departments to improve efficiency and reduce unnecessary expenses.
• Work with department heads to review operational costs and identify areas for cost savings without compromising on quality or performance.
• Analyze cost structures and recommend process improvements for more efficient resource allocation across the group.

Payroll and Benefits Management:

• Oversee payroll administration and ensure accurate, timely processing in compliance with local tax regulations and labor laws.
• Manage employee benefits and liaise with HR to ensure that payroll and benefits align with budgetary constraints and organizational policies.

Financial Strategy and Risk Management:

• Contribute to the development of financial strategies to support the group’s growth and expansion objectives.

Vendor and Procurement Financial Oversight:

• Collaborate with the procurement department to negotiate vendor contracts, ensuring cost-effectiveness and compliance with financial guidelines.
• Review and approve major purchases and capital expenditures, ensuring alignment with budgetary allocations and financial policies.

Leadership and Team Development:

• Manage, mentor, and develop the finance team to enhance their skills and performance, promoting a culture of continuous learning and accountability.
• Provide training to non-financial managers on financial principles to improve budget management and financial understanding across departments.

Reporting to Stakeholders:

• Provide financial insights to the executive team, board of directors, and investors, ensuring transparency in financial matters.
• Prepare financial presentations for senior management meetings, focusing on performance, key challenges, and growth opportunities.
• Identify financial risks and develop strategies to mitigate them, including currency risks, investment risks, and operational financial risks.
• Conduct financial modeling and scenario analysis to support strategic planning and investment decisions.