Financial Manager Job at RS Hunter, April 2015

At RS Hunter we believe our clients have the resources, what we do is to galvanize, advice and, partner with our clients to understand the peculiarities of their businesses and then find the best solutions and best HR strategies that work.


Our starting objective is to focus on small business and while providing support to larger organizations in the areas of recruitment and executive selection.

We are recruiting to fill the below position:

Job Title: Financial Manager

Directly Reports to: MD/CEO
Location: Lagos /Abuja
Department: Finance and Accounts

Job Description
A financial manager is responsible for providing Financial Projections, budgeting & cost reduction analysis for the company, to ensure prudence, discipline, and manage funds in such a manner as to maximize return on investment, minimize risk, while ensuring adequate control structure is in place overall financial decisions of the company.

Key Strategic Management Activities:

• Maintain a documented system of accounting systems, policies and procedures
• Oversee the operations of the Finance & Account department, including the design of an organizational structure adequate for achieving the department’s goals and objectives

• Forecast cash flow projections & positions, related borrowing needs, and available funds for investment for the company
• Customers Orders/Contract award letters - Receive from Account managers and ascertain/provide financial requirement to successful execution of the order/contract (eg Bank reference, Bank guarantee, Performance bond, Payment milestones, etc
  • Prepare Purchase/Receive Inventory on receiving items from suppliers
  • Obtain CEO's approval for all expenses
  • Review suppliers invoices and schedule for payment after approval
  • Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
  • Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
  • Maintain banking relationships
  • Assist in determining the company's proper capital structure
  • Arrange for equity and debt financing
  • Invest funds
  • Recommend appropriate dividend issuance, based on historical dividend patterns and expected cash flows
  • Review I.O.U retirements and request for additional payments and recommend approval or otherwise
  • Payroll: Review payrolls, make adjustments and advice banks on salaries payment
  • Liaise with External Auditors and Consultants to ensure that all statutory obligations are met
  • Reports: Weekly reports on turnover/LPOs received; collections; payments; receivables & Vendors
  • Reports: Monthly Profit & Loss accounts and Variance analysis
  • Reports: Quarterly Cash flow Statements and Balance Sheet

• Manage the preparation of the company's budget
• Report to management on variances from the established budget, and the reasons for those variances
• Assist management in the formulation of its overall strategic direction

• Engage in ongoing cost reduction analyses in all areas of the company
• Review the performance of competitors and report on key issues to management
• Assist in the determination of product pricing in relation to features offered and competitor pricing
• Compile key business metrics and report on them to management
• Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
• Create additional analyses and reports as requested by management
• Engage in benchmarking studies to establish areas of potential operational improvement
• Interpret the company's financial results to management and recommend improvement activities
• Review company bottlenecks and recommend changes to improve the overall level of company throughput
• Participate in target costing activities to create products that meeting predetermined price goals

• The finance manager candidate should have a Bachelor's degree in finance or accounting, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation.
• ICAN & IFRS compulsory, CITN
• Preference will be given to candidates who understands accounting rudiments and be able to demonstrate applying them. Excellent communication skills are essential, particularly in regard to presenting the results of analyses to management. Should have an outstanding knowledge of electronic spreadsheets.

• Primarily in an office environment. Will be expected to travel as needed to company subsidiaries.