Finance Manager

We are seeking a highly experienced and hands-on Finance Manager who will be responsible for leading the finance team, managing day-to-day accounting. The ideal candidate must be ACCA qualified with a minimum of 5 years of progressive experience in finance.

1. Team Management & Leadership

• Lead, supervise, and develop a finance team comprising accountants, junior finance officers, and accounts staff.
• Assign clear responsibilities across the finance team (accounts payable, receivable, general ledger, bank reconciliation, etc.).
• Conduct weekly team meetings to review progress, resolve bottlenecks, and align on financial goals.
• Monitor team KPIs, ensure accountability, and manage team performance through regular appraisals and feedback.
• Foster a collaborative and high-performance culture that encourages learning and growth.
• Identify training gaps and organize relevant workshops or mentoring to elevate team capability.
• Ensure the team adheres to internal controls, deadlines, and reporting standards.
• Support HR in recruitment and onboarding of new finance team members when needed.

2. Financial Planning & Analysis

• Develop and implement robust financial planning models to support business objetc.ives.
• Prepare detailed forecasting reports covering revenue, cash flow, capital expenditures, and profitability.
• Deliver monthly, quarterly, and annual financial reports to senior management with actionable insights.
• Track financial KPIs and analyze performance against budget and forecasts.

3. Accounting and Financial Reporting

• Ensure accurate and timely preparation of financial statements.
• Oversee the month-end and year-end closing processes across the finance team.
• Supervise all general ledger activities, ensuring financial accuracy and completeness.
• Review and approve bank reconciliations –
• Manage and verify VAT reconciliation monthly, ensuring accurate classification of goods/services.
• Monitor payroll, vendor payments, receivables, and journal entries processed by team members.

4. Budgeting & Cost Control

• Lead the annual budgeting process, coordinating inputs from relevant departments.
• Monitor departmental budgets, flagging and explaining any variances.
• Conduct cost-benefit analysis, implement cost control measures, and ensure overall budget discipline.
• Report and analyze budget vs actual performance to identify trends and optimization areas.

5. Product & Operational Costing

• Establish and maintain accurate costing systems, especially for production and inventory costing.
• Analyze cost behavior and recommend strategies to reduce overheads and increase margins.
• Ensure standard costs are up to date and reflect actual operations.
• Collaborate with operations and procurement to manage costing accuracy.

6. Cash Flow & Treasury Management

• Supervise team efforts in maintaining daily cash flow reports and managing liquidity.
• Conduct cash flow forecasting to ensure the company meets all obligations.
• Manage bank relationships and negotiate terms for loans, credit lines, and foreign transactions.
• Oversee overseas payments, ensuring exchange rate monitoring, documentation, and compliance.

7. Compliance & Internal Controls

• Ensure compliance with local tax laws, regulatory standards, and internal company policies.
• Coordinate internal and external audits, ensuring timely preparation and addressing of findings.
• Design, document, and enforce internal controls to safeguard financial assets and processes.

8. Strategic Financial Support

• Act as a key advisor to senior management on financial implications of business strategies.
• Provide analytical support for new investments, expansions etc.
• Participate in strategy development sessions and provide input on business model optimization.

9. Risk Management

• Identify and assess financial risks, both operational and strategic.
• Implement risk mitigation policies and procedures.
• Ensure the company has adequate insurance coverage and risk transfer strategies.

10. Inventory & Raw Material Reconciliation

• Oversee and ensure accurate reconciliation of raw materials, working closely with production and procurement.
• Investigate inventory variances, usage inefficiencies, and recommend process improvements.
• Develop standard procedures for inventory tracking, reporting, and reconciliation.