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Senior Finance Officer

2 months ago

Lagos, Lagos, Nigeria Vale Finance Limited Full time

Description

  • Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
  • Preparation of monthly Management Accounts & yearly financial statements including computation of relevant ratios.
  • Valuation of Financial Assets and Liabilities in line with International Financial Reporting Standards IFRS
  • Monitoring the Company's operating expenditure and overseeing the accrual & prepayment process to prevent volatilities of earnings.
  • Prepare the annual and monthly budgets and monitors adherence to budget through monthly performance reviews.
  • Prepare a cash flow projection for the company and manage liquidity.
  • Prepare tax returns and comply with corporate reporting requirements. Ensure that all statutory deductions and tax returns are filed on time.
  • Ensure Bank reconciliation is performed weekly and ensure daily posting of transactions and period-end journals.
  • Reviews invoices, receipts and other documents supporting transactions to verify the accuracy.
  • Prepare, review, and analyse monthly financial statements and report any variances to management, while identifying areas for improvement
  • Coordinate the month-end, quarter-end and year-end closing processes.
  • Coordinate the statutory audit of financial statements and ensures that they are filed with
  • FIRS and other regulatory authorities on time.
  • Monthly review and processing of the payroll schedule, and preparation of month-onmonth variance analysis.
  • Assist with special projects when required.
  • Ensure that all finance policies and procedures for the company are strictly adhered to.
  • Comply with federal, state, and local financial regulatory requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
  • Support fundraising activities and manage existing shareholder and debt provider reporting requirements, including the management of financial covenant monitoring and reporting.
  • Contribute to building a system of strong controls over financial reporting and business operations.
  • Be actively involved in business process review and improvement.
  • Support automation and digital transformation projects in the company.
  • Preparation of Quarterly reports to Board and Board committees.
  • Preparation of accounting policy changes for review by the supervisor within 4 weeks after the communication of the new standard.
  • Assessment and implementation of new accounting standards/policies and preparation of financial statements.

Requirements

  • Interested candidates should possess a Bachelor's Degree in relevant fields with 4 - 7 years work experience.