Vacancies in a Reputable Educational Institution


  2020-10-19
  Unspecified

A reputable educational Institution is recruiting to fill the position below:

Job Title: Finance Manager

Location: Lagos
Employment Type: Full-time

Job summary

  • The Finance Manager will ensure effective utilization of the financial resources of the School, including achieving cost efficiently in line with defined goals and objectives.
  • He / she will provide Management with timely, complete and accurate financial information for business decision-making.

Duties and Responsibilities
Strategic:

  • Provide leadership and strategic decision in the execution of the department’s work plans and programmes
  • Identify risks and long-term financial implications of intended projects / initiatives, and advise the Management accordingly
  • Develop and implement cost management strategies to monitor and control costs
  • Develop investment strategies that will ensure high returns on investment while assuring liquidity for the School’s operations
  • Ensure on-going incorporation of leading practices in the operations and activities of the department

Operational:

  • Coordinate the development of the School’s budget, and the allocation / distribution of financial resources in line with the School’s short, medium and long-term strategic plans
  • Analyse and report on the School’s loan and borrowing portfolio including analysis on existing loan facilities and interest rate exposures
  • Ensure the timely reconciliation of accounts and prepare periodic activity / management reports to the Management, on the activities of the finance function
  • Ensure implementation of an effective and adequate financial controls
  • Ensure availability of adequate funding as required for the School’s operations, in line with the School’s financial policies
  • Analyse and report on the School’s investment portfolio, yields and investment instruments
  • Coordinate timely preparation of financial statements and ensure that the statements reflect the School’s financial position and comply with statutory and regulatory requirements
  • Manage the interface between the School and external auditors and regulators to ensure the School’s financial interest is protected
  • Participate in management meetings and provide insight into the financial position of the School and opportunities that can be explored.

General:

  • Continuously review the department’s policies, processes and activities, and make recommendations for improvement to the Management.
  • Manage the human and material resources of the department to optimize performance and enhance output
  • Oversee and coordinate the day-to-day activities of the department and provide overall leadership and guidance to subordinate.
  • Assign detailed responsibilities to subordinates and supervise them to ensure timely delivery of high quality results
  • Motivate, guide and ensure knowledge transfer and capacity building of staff within the finance & accounts function
  • Review and authorize key expenditures / transactions of the department in line with approved departmental budget and manual of authority
  • Ensure periodic meetings to communicate School and departmental goals/targets and agree work plan
  • Conduct periodic performance appraisals for staff and manage the career and developmental needs of subordinates in line with defined HR policies and procedures.
  • Monitor the activities of vendors to ensure adherence to Service Level Agreements (SLAs).
  • Perform any other duties as assigned by the Management.

Qualification and Work Experience
The Finance Manager must satisfy the following minimum qualifications:

  • First degree in Accounting / Banking & Finance / Statistics or its equivalent.
  • Membership of a recognised professional body of Accountants e.g. ICAN, ACA, ACCA, CPA, CIMA.
  • Minimum of ten (10) years cognate experience in a reputable organization with at least five (5) years at management level
  • Experience in strategic financial planning and analysis

Skills and Competencies:

  • Advanced financial accounting knowledge, including in-depth understanding of finance best practices, International and Nigerian accounting and financial reporting standard
  • Excellent communication, business presentation and analytical skills
  • Excellent negotiation and problem-solving skills
  • Strong business acumen, maturity and tact
  • High integrity and ethical standards
  • Good appreciation and working knowledge of office productivity tools
  • Good understanding of financial controls
  • Good understanding of the School’s operations, inter-relationships and dependencies
  • Strong leadership, supervisory, coaching and mentoring skills
  • Ability to think strategically and holistically
  • Good understanding and working knowledge of financial accounting systems.

Job Title: Chief Financial Officer

Location: Lagos
Employment Type: Full-time

Job Summary
The Chief Financial Officer (CFO) will be a strategic and operational leader providing counsel to the Management. The CFO will ensure:

  • The efficient and effective stewardship of the School’s physical and financial resources,
  • Efficient operation of support services,
  • Oversight of risk management for the School, and
  • Project management for the campus master planning and future multi-building capital project initiatives.

Duties and Responsibilities
Strategic Financial Management:

  • Adopts a long-term perspective about the School’s finances while also cognizant of short-term needs; brings a sophisticated understanding of the financial levers and risks.
  • Provides accurate, comprehensive and transparent financial information to the senior administrative team and Management to inform priority setting and helps guide multi-year decision-making and long-term implications of capital investments.
  • Seeks innovative approaches to support the School’s strategic objectives.

Operational Leadership:

  • Provides discipline and focus on efficiency, effectiveness, and continuous improvement of operational processes.
  • Supports major capital, technology and deferred maintenance projects on campus, planning the scope and financing necessary for them and serving as project manager for facilities and projects.
  • Manages and builds good rapport with staff across all levels within the organization.

Collaborative Partner:

  • Demonstrates a consultative demeanor to build rapport and establish credibility with all stakeholders.
  • Possesses a deftness of style that solicits input, listens well and incorporates feedback, yet can make decisions.
  • Provides counsel and maintains close relationships within the institution and community.
  • Engages faculty and staff in discussion around the financial objectives and challenges of the School, conveying a strong appreciation of the School’s mission and the need to make informed decisions around competing priorities.
  • Appropriately delegates projects to his/her team members and with a clear set of agreed-upon objectives.

Banking and Treasury Function:

  • Profitable investment of excess funds
  • Ensuring the school’s compliance with all banking requirements to facilitate smooth operation of its accounts
  • Monitoring the appropriateness of bank charges of all categories across all accounts
  • Preparing loan proposals when required.

Budget:

  • Preparation of the school’s annual budget for approval by the Management
  • Responsible for effective implementation of the financial budget
  • Carrying out periodic budget performance evaluation
  • Escalating appropriately any adverse or unforeseen budget performance.

Financial Management:

  • Put in place strategies to ensure the proper management of working capital (including credit control by keeping receivables to a minimum), and also ensure that the school maintains acceptable operating capital ratios.
  • Monitoring and advising on the school’s cash flow position and trend
  • Advising on and instituting cost reduction strategies
  • Reporting on the school’s business and financial performance
  • Ensuring that the school has value for money in purchasing and procurement, and in concert with other relevant functions, ensure that physical assets are maintained in a state to serve the school effectively for their projected lifetimes.

Accounting:

  • The Chief Financial Officer is responsible for all accounting functions including journal postings, maintaining the general ledger, preparation of management and final accounts, billing and invoicing, among other sundry accounts functions.
  • Ensure that there is a proper structure in place to record and account for all tangible assets owned by the school.

Compliance:

  • Ensuring that the school complies with processes, controls and procedures specified in the Financial Manual and the Administration Operating Manual especially in key capital and operational expenditure areas such as Capital purchases, Projects and Procurement.
  • Providing training, support and guidance to staff as required to ensure the capacity is built that will enable adherence to prescribed compliance requirements
  • Ensuring that both the Financial Manual and the Administration Operating Manual are updated as required and that they reflect the school’s current needs and operating realities.

External Relationships:

  • Maintaining relationships with appropriate external contacts including the school’s bankers, external auditors, and tax authorities.

Regulatory Matters:

  • Ensure that the school is compliant with all tax regulatory requirements at Federal and State levels including (Corporate, Staff PAYE, Withholding taxes, VAT and any other relevant taxes and levies), and any payments due are paid over
  • Ensure the school makes all required statutory deductions (including Pension) at the appropriate time and that such deductions are immediately paid over to the relevant authorities.

Qualification and Work Experience
The CFO must satisfy the following minimum qualifications:

  • First degree in Accounting / Banking & Finance / Statistics or its equivalent. An MBA will be an added advantage.
  • Membership of a recognised professional body of Accountants e.g. ICAN
  • 10-17 years’ total experience in financial leadership roles with

Skills and Competencies:

  • Strong analytical skills and a deep knowledge of Accounting and Finance, Cost
  • Control, Payroll, Risk Management and relevant Regulatory matters. The CFO
  • should also have demonstrable working knowledge of Administration and Facilities.
  • Excellent IT skills and knowledge of accounting software
  • Experience leading and managing a team including hiring, performance management, training and professional development
  • A strong business orientation; including setting short- and long-term priorities and charting an informed, sustainable and ambitious future, matched with the ability to effectively communicate the short- and long-term financial implications of decisions to stakeholders
  • Experience working in, or exposure to, a school setting and/or non-profit organization is desirable but not required
  • Strong technological capability, including expertise with enterprise-wide financial systems.

Deadline: 30th October, 2020

How to Apply
Interested and qualified candidates should submit their CV to: recruitment2nig@gmail.com using “Finance Manager” as the subject of the email

Note: Please do not apply to this position if you did not meet the requirements.

Let\'s



This job originally appeared elsewhere

Subscribe


We promise not to spam you : ).
* indicates required
     TOOLS
  • Email this to a friend
  • Share with a friend NEW!!
          Facebook Twitter LinkedIn
  • Report this Job
  • Save this Job


OTHER JOBS IN UNSPECIFIED

Graduate Financial Analyst at DataPro Limited


Generation Unlimited/Unicef Call for Innovative Solutions to curtail Unemployment in Nigeria


Job Recruitment in Indigenous Non-Profit and Non-Governmental Organization


Photo Editor at RGS Worldwide Limited


Operations Coordinator at Bolt Nigeria


Trulli
Authors choice 2019 (click image for copy)
Inside Banker