Country

  • Nigeria
  • City

  • Lagos
  • Industry

  • Oil & Gas
  • Job Type

  • Office
  • Posting date

  • June 28, 2024

Contact

Olusegun Davidson

  • Permanent
  • Nigeria
  • Competitive NGN / Year

Website WTS Energy

This job is closed.

Finance Manager (Reporting)

June 28, 2024

Job Description

Job Summary

Provide support for implementing the company’s Finance strategy by managing key finance activities, including financial reporting, financial analysis, and receivables management, etc.

 
Main Responsibilities

  • Co-lead the financial reporting for the company and all related entities.
  • Responsible for developing and preparing periodic and ad hoc global financial reports (statutory and management) for the Group, ensuring accuracy and timely delivery per the differing local regulations and requirements and in adherence to IFRS standards.
  • Coordinate the collation of financial information and data required to generate statutory and management reports and statements.
  • Support the development of the annual corporate budget derived from the company’s multi-year financial plan.
  • Support the development of functional budgets that feed into the corporate budget, guiding functional leads and budget holders on key principles throughout the process.
  • Track the performance of the approved budget ensuring periodic and ad hoc reports are provided as required.
  • Based on the proposed budget and corporate trends provide a funding plan to support the annual budget.
  • Develop financial management mechanisms that minimize financial risk.
  • Conduct reviews and evaluations for cost-reduction opportunities.
  • Monitor the Company’s cash flow and liquidity ratios, ensuring the provisioning for adequate liquidity to manage its obligations, including debt financing, settlement for goods and services supplied, project financing, etc.
  • Provide regular financial analysis, providing accurate information to support management decision-making.
  • Ensure the reconciliation of all accounts on a monthly and other agreed periodic basis.
  • Ensure the capture of all financial data such as accruals, deferrals, reclassifications, and interdepartmental entries into the ledger.
  • Liaise with auditors to ensure annual monitoring is carried out.
  • Ensured the accurate processing of all financial transactions, and carried out periodic reviews of data entry, ensuring these were managed in line with the approved process.
  • Provide analysis for the renegotiation payment plans with vendors and creditors during liquidity-challenged periods, getting their buy-in for the revised plans and options.
  • Oversee the management of the account receivables ensuring adherence to credit limits, KYC, etc.
  • Provide aging analysis for all debts and ensure effective follow-up of all debtors, escalating critical cases as required.
  • Recommend policies that require updating and provide analytical support for the review of financial procedures and policies.
  • Provide support for the Investor Relations function by providing financial reports for investors and shareholders


Educational Qualifications & Experience

  • A first degree in Accounting, Finance, Economics, or any relevant field of study
    An MBA or M.Sc. in Finance, Economics, etc. will be an added advantage.
  • Min. 10 years of experience + Min. 3 years in a similar role
  • ACA or ACCA certification
  • Good knowledge of IFRS
  • GAAP, Financial Analysis, Spreadsheet, and Financial Modelling skills.
  • Strong Numerical and IT skills.

Location:                Lagos

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