JOB PURPOSE: Responsible for the effective implementation and monitoring of financial and management accounting systems, policies and procedures for the Data Capturing & Business Intelligence Project.
Strategy & Policy Development
Participate in the development of strategy/business plan for the Finance function and monitor its implementation.
Initiate the development/review of policies, standard operating procedures (SOPs), work plan and other support systems including monitoring mechanisms to achieve set targets of the Finance function.
Budget Preparation & Control
Monitor the implementation of approved budgets, reporting systems and procedures for analyzing budgetary performance to aid in the monitoring and control of approved budget.
Prepare annual budget for review and approval.
Responsible for the preparation of variance analysis of revenue and expenditure against budget and report/advise on any deviations for corrective action.
Lead in the implementation and maintenance of internal financial controls. This involves the following; -
Implementation and effective monitoring of all system accounts (General Ledger, Fixed Assets Register, Debtors and Creditors accounts, etc.) to ensure accurate balances
Preparation of complete and accurate financial reports and analysis
Monitoring of key financial risk indicators Contributing to the improvement of the overall financial environment. Monitor cash resources and advise on investment opportunities as appropriate.
Prepare periodic cash flow statements and submit the reports to General Manager/Finance Director for review and approval.
Responsible for the development of accounts payable/receivable systems and monitor its implementation to ensure that all payments are in line with approved accounting polices/ guidelines.
Review periodic bank reconciliation statements and accounts reconciliation of the project and initiate corrective actions where necessary.
Review and analyze financial accounting systems and advise on any inconsistencies for remedial action.
Responsible for the development of an effective fixed assets register system and monitor its implementation to ensure compliance with approved policies and guidelines.
Monitor to ensure compliance with statutory deductions and payments (i.e. tax, SSNIT, etc.).
Monitor cost/expenditure and prepare relevant reports to guide decision-making.
Monitor to ensure the efficient management of the project’s liquidity to maximise returns on assets through short/long term investment.
Responsible for managing the project’s assets and liabilities. Stakeholder Relations & Management
Maintain professional relationships with External Auditors, Regulatory Agencies, Financial Institutions and other external stakeholders in the area of financial management.
Manage business relationships with counterparts as appropriate.
Information & Reporting
Stay abreast with legislations, rules and regulations, new developments and international best practices in the area of financial/management accounting and treasury management.
Responsible for the maintenance and update of records on financial and non-financial data to facilitate qualitative and quantitative analysis of the Finance function to support Management decision making
Responsible for the preparation of monthly, quarterly and other financial reports as may be required from time to time.
Monitor to ensure that all financial and management accounting reporting systems are in line with regulatory requirements and International Financial Regulatory Standards.
Employee Performance & Development
Hold direct reports accountable for the performance of assignments in their respective areas of responsibilities.
Conduct performance appraisal and provide input for career development and recommend performance incentives for subordinate staff.
Identify training needs and facilitate training for direct report(s).
Master’s Degree in Finance or its equivalent in a related field. Must be a member of ICA, ACCA or any recognised accounting professional body.
Seven (7) years working experience with at least 3 years in management position.
Knowledge & Skills
Demonstrated knowledge and understanding in the use of accounting methodologies and tools.
Considerable knowledge and understanding of Accounting Standards and related regulations.
Good planning and organizing skills. Considerable knowledge and understanding of the International Financial Reporting System (IFRS), Accounting and Auditing Standards and related regulations.
Good financial knowledge, including treasury management, investment planning, asset allocation, etc. Good knowledge/understanding of the operations of ICT Group.
Considerable knowledge and experience in strategic planning.
Demonstrated ability in financial modelling.
Excellent analytical ability and problem-solving skills.
Good negotiation and conflict management skills.
Excellent communication and presentation skills.
Ability to develop and maintain professional relationships with internal and external stakeholders and work effectively with all categories of employees.
Knowledge of project management.
Ability to work in a fast paced and often pressured environment.
Good knowledge in the use of accounting/financial software and tools, Microsoft Word, PowerPoint, Excel, Internet etc.
Considerable knowledge and understanding of enterprise-wide accounting information systems.
Good managerial, coaching, mentoring and interpersonal skills in a "team" setting.