Finance Manager at Sheer Logic

Reporting to the Managing Director, the Finance Manager is accountable for leading the organization in developing financial and accounting policies, systems and processes, tax and regulatory requirements, payroll systems and processes and financial controls, ongoing financial modeling and annual business plan.

Responsible for prudent financial management ensuring effective and continuous improvement of financial control systems, procedure and policies of the Organization to achieve the Organization’s goals and objectives.

Also required to ensure maintenance of accurate financial records, timely availability and reliability of financial information and reports, effective cost control and utilization of resources.

Scope of the Role:

• Internal Advisor proving Financial expertise
• A member of the management team

Key Responsibilities:

Financial Management & Reporting

• Responsible for leading the development and review of annual financial plans, budgets & targets with other departments,
• Provide leadership in preparation of accurate financial reports as well as oversee and be responsible for proper maintance of all books of accounts and safe custody of financial information of the organization;
• Provide quality and timely financial information for decision making to the Management team and the Board of Directors
• Manage, review and ensure accuracy and approval of statutory returns for payroll, domestic taxes, and other levies as may be determined by statutory instruments from time to time.
• Bank reconciliations
• Recording, classifying financial transactions based on international accounting principles & reporting standards

Audit Management

• Set up and continuously evaluate internal control systems in line with changing demands, and ensure they are appropriately designed to serve the best interest of the organization.
• Evaluate audit findings, draw comparisons and analyse data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud or lack of compliance with organisation’s policies and government regulations

Asset Management

• Ensuring asset register is continuous updated and that all assets are tagged
• Monitoring depreciation of assets and monitoring to ensure that this is in line with their expected useful life
• Ensuring the physical asset register matches with the value of assets in the system.

Budgeting Planning & Control

• Develop and Lead the annual business plan development and budgeting process.
• Lead the quarterly, half year and annual review process.

Management Accounting, Trade Receivable ,Credit Management & Inventory & Management

• Raising approval requests for proposed write off of bad debts before year end
• General debt management by ensuring delivery of customer invoices within 24hrs, and addressing any matters that arise pertaining customer accounts
• Revenue performance and cost sensitivity analysis (Analysis of Variance)
• Efficient cash flow management and forecasts
• Approving all credit notes before being posted
• Debt Collection and General Creditors’ Management
• Evaluated the risks associated with (clients, staff, and management), property, finances, goodwill, & image and implementing measures to the control risks

Supervisory Responsibilities:    

• A member of the management team  providing Technical, Advisory and Strategic service to Line Management, Account managers and Staff whilst ensuring consistency and best practice in overall Financial management
• Supervises the staff within the Department.

Desired Competencies

Technical:

• Implement the best financial practices through proper planning, organizing and directing the organizations financial activities.

Desired Competencies

• Ability to work unsupervised and handle pressure
• Good negotiation skills
• Ability to develop, monitor and maintain management information systems and procedures
• Ability to communicate effectively
• Ability to lead and to contribute to the team.
• High level of integrity and honesty
• High Emotional Intelligence and enthusiasm needed to motivate a team to performance

Education and Experience:

• Bachelor of commerce degree (finance or accounting option) or the equivalent from a recognized university,
• C P A (K) or ACCA or the equivalent,
• Membership to a relevant professional body
• Knowledge of financial and accounting software applications
• Experience with an Enterprise Resource Planning system
• At least 8 years’ work experience
• 4 years’ experience in Leadership/Management position
• Master’s degree will be an added advantage