Finance Manager at VFD Tech

VFD Tech, a subsidiary of VFD Group Plc, is recruiting suitably qualified candidates to fill the position below:

Job Title: Finance Manager

Location: Lagos
Employment Type: Full-time
Department: Finance (VFD Tech)

Job Summary

Responsible for accurate financial reporting, management accounting, and finance activities of VFD Tech that support the achievement of the Company’s objectives.

Reporting Relationships:

Key Task

Strategic Tasks:

To ensure timely preparation of financial information which provides a complete and accurate picture of VFD Tech’s financial position
To co-ordinate the analysis and synthesis of VFD Tech’s financial and non-financial information, which provides a basis for sound business decisions by executive management
To protect VFD Tech’s interest by ensuring that relevant statutory or regulatory reports/returns regarding VFD Tech’s financial affairs are generated on a timely basis.

Timelines:

Operational Responsibilities:

Implementation of VFD Tech’s goals, objectives, policies and operating procedure.
Actively contribute to the implementation of VFD Tech’s corporate strategy
Identify, communicate and monitor critical interdependencies across the business sectors and forge effective organizational linkage to ensure a concerted/seamless implementation of the Group’s overall business strategy
Daily evaluation of business performance via data analytics

Financial / Management Reporting:

Ensure integrity and accuracy of accounting records by performing daily reconciliations
Ensure timely reporting of Financial / management accounts of all the entities latest by the 3rd of every month.
Execution of month-end procedures and process
Implementation of the accounting software
Research technical accounting issues for compliance
Monitoring and enforcing internal controls over financial transactions and financial reporting.

Budget and Budgetary Control:

Engages all stakeholders in the preparation of the business’ budgeting and budgetary control document to achieve the agreed corporate objectives
Monitors the implementation of budgetary mechanisms to proactively identify and manage budget / performance variances by the business sectors
Tracks and reports on the implement robust cost optimisation strategies to monitor and control cost for the asset management business
Periodically review key the Business activity and performance reports and makes recommendations to the CFO and the Board.

Performance Management:

Ensure key business performance analyses and reports are generated and circulated to the product managers and business development team
Monitoring of performance for the business and staff
Suggest strategic guidance where necessary

Tax Management:

Ensures compliance with local, state and federal government reporting requirements and tax filings.
Supervise the asset management finance team to ensure complete documentation of relevant supports and proof of tax remittance
Develop and maintain relationships with appropriate personnel in relevant tax authorities
Researches on future legislation that impacts taxation and operations, including future risks
Ensure 100% remittance of all tax and statutory obligations

Others:

Create, coordinate and evaluate financial programs and supporting information system for the company to include budgeting, tax planning, and conservation of assets
Initiate and facilitate finance meetings to define and agree on targets and work plans, consistent with the business’ strategy and plans
Participate in the recruitment, selection, training, professional development, and performance evaluation of staff in line with the Company’s Human Capital policies
Serve on committees or cross-functional teams and perform other duties as assigned by the CFO or the Board

Key Performance Indicators (KPI)
Financial Target (Non-Core):

Achievement of at least 75%-80% of business targets in FX, FDs, Loans, Mutual Funds, Cross-Selling and Special Products

KPI: 90 Day Deliverables:

Developing robust template for monitoring operational metrics for various products especially Vbank app. This is to be presented at weekly MANCO meetings
Deploy effective structure for preparation of daily reconciliations for bank statements and intercompany balances.
Automation of data gathering process for budget preparation and monitoring.
Implementation of automated budget and cot control system for the company.

KPI: Non-Financial:

Job Requirements

Core Skills:

In-depth understanding of the organization’s business.
Good communication skills.
Ability to analyze financial data and prepare financial reports, statements, and projections
Excellent communication & presentation skills
Negotiation
Working knowledge of Microsoft Office Suite and other relevant accounting tools
Attention to details.
Good Management abilities.
Knowledge of GAAP/ IFRS
Knowledge of finance, accounting, budgeting, and cost control principles