KEY RESPONSIBILITIES
- Work closely with the executive team to provide strategic leadership in all financial matters.
- Formulate financial targets and budgets in accordance to the strategy determined by the Governing Council and monthly review of the same with budget holders.
- Responsible for management of the capital expenditure budget to ensure high rate of return in investment.
- Oversee treasury management to optimize cash flow and working capital.
- Lead the negotiation of all financial contracts on behalf of the institute to get the best value in money.
- Responsible for continuous review of internal controls and ensure adherence to mitigate any risks that may arise.
- Ensure the institution complies with the statutory requirement like Tax, SHA, NSSF and audits to avoid penalties from regulators.
- Secretary to the Finance and Investment Committee of the Governing Council responsible for taking meetings.
- Oversee implementation of Governing Council resolutions in Finance Department to ensure compliance.
- Serve as the first signatory of all institute bank’s accounts to ensure accuracy of all payments before the final signatory.
- Develop and train staff to ensure proper succession planning and availability of optimum skills.
KEY PERFORMANCE INDICATORS
- Achievement of Profit Margin set
- Timely preparation of Budget
- Achievement of the set Budget
- Sound working capital
- Fixed assets safe custody
- Ensure statutory compliance
- Real time Financial reporting
- Availability and optimal utilisation of resources
COMPETENCIES
- Finance strategy development
- Financial Accounting
- Management Accounting
- Reporting
- Taxation
- Reconciliation
- Budget and Planning
- Stakeholder relationship Management
- Computer Literacy
- International Financial Reporting Standards (IFRS)
KNOWLEDGE & EXPERIENCE REQUIRED
- Master’s Degree on a relevant field from a recognized institution.
- Ten (10) years of relevant work experience
- Be a CPA finalist and a registered Member of ICPAK
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