Summary
Date Posted: Wednesday, January 03 2024, Base Salary: Not Disclosed

JOB DETAILS:
DUTIES AND RESPONSIBILITIES
i. To develop and analyze information to assess the current and future financial status of the Corporation;
i. To establish procedures for custody and control of assets; records, loan collateral and securities in order to ensure safekeeping;
ii. To evaluate financial reporting systems, accounting and collection procedures and make recommendations for changes to procedures, operating systems and other financial control Functions;
iii. To oversee and manage the flow of cash and financial instruments;
iv. To develop and implements strategies for resource mobilization;
v. To provide financial advice to the Managing Director;
vi. To prepare financial and regulatory reports required by laws, regulations and Board;
vii. To examine, evaluate and process loan application;
viii. To ensure that all financial statements and reports are prepared to summaries and interpret current and projected Financial position for the Corporation and its subsidiaries in accordance with International Financial Reporting standards (IFRS) and adherence with International Accounting Standards (IAS);
ix. To manage financial resources and operations;
x. To prepare the budget for the Directorate;
xi. To monitor the utilization of approved Finance Unit budget and expenditure;
xii. To prepare and submit the Directorate’s monthly, quarterly and annual performance reports;
xiii. To review collection reports to determine the status of Collections and the amount of outstanding balances;
xiv. To record classify and summarize financial transactions and events in accordance with accepted accounting principles and financial accounting standards;
xv. To ensure that payrolls and statutory deductions are timely prepared and remitted to the respective banks or authority;
xvi. To review and approve Payment vouchers and Journal entries;
xvii. To work close with both internal and external auditors during Financial and Operational audits;
xviii. To assist the implementation of annual budgets through preparation of all allocation;
xix. To monitor financial performance and controls budget vis-à-vis actual;
xx. To develop external relationship with appropriate contacts such as bankers and solicitors to mobilize new sources of finance;
xxi. To analyze, assesses and advices on the financial performance of subsidiaries, Joint venture and affiliated companies;
xxii. To monitor and interprets cash flows and predicts its future trend;
xxiii. To develop financial management mechanism that minimize financial risks;
xxiv. To evaluate and reviews expenses to explore cost reduction opportunities;
xxv. To review training and skills needs of the staff in the directorate and recommends the appropriate training program;
xxvi. To develop individual objectives/targets and performance standards as part of individual performance agreement in consultation with the immediate supervisor; and
xxvii. To perform any other related duties as may be assigned from time to time by supervisor.

QUALIFICATION AND EXPERIENCE
• Holder of Master Degree in one of the following fields: Accounting, Finance, Commerce, Business Administration
• majoring in Accounting and Finance from recognized institution. The Master Degree must be related to the Bachelor Degree.
• Must have CPA (T), ACCA, ACA or equivalent professional qualification and registered by NBAA
• PhD in the related fields will be an added advantage.
• Possession of computer application skills in various accounting package.
• He/she must have minimum experience of at least ten (10) years in the related field of which two (2) years must have been in managerial position.

REMUNERATION SMC. 12



Work Hours: 8

Experience in Months: 120

Level of Education: Postgraduate Degree

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