Senior Finance Manager at Anchoria Investment and Securities Limited

⏲ Mar 29, 2023, 11:25 AM
⋕ View all Banking & Financial Services jobs
⌂ See more jobs at Anchoria Investment and Securities Limited

Anchoria Investment and Securities Limited, incorporated in 1994, is a provider of investment and financial services fit for purpose to satisfy the needs of individual and institutional clients and grow their wealth, operating in both primary and secondary markets. Our investment products focus on asset allocation and diversification, which has helped Anchoria build on its reputation of providing innovative and personalised services and products.

We offer countless trading possibilities, superior services, possess a solid capital base alongside vital technical and human resources, and better control of risk-to-ratio rewards for our clients. Anchoria Investment and Securities Limited is a member of The Nigerian Stock Exchange licensed to deal in shares and stocks on all exchange trading floors as well as the NASD.

We are recruiting to fill the position below:

Job Title: Senior Finance Manager

Location: Lagos

Job Summary

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

Reporting Relationships:

Report to: Managing Director
Supervises: Finance Team

Key Task

Financial/Management reporting
Budget and budgetary control
Business Performance Management
Tax management
Data analytics

Strategic Tasks:

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

Timelines:

Monthly management account on or before the 3rd day of the new month
Weekly management report to be sent before 8:00am on Mondays
Submission of audited financial statement by 28 February, annually
Weekly variance analysis of business performance
Weekly reporting on operational metrics and data analytics
Remittance of PAYE and pension on or before 7th of the new month
WHT and VAT remittance on or before 20th of the new month
Filing of CIT returns and CAC returns on or before 28 June

Operational Responsibilities

Implementation of AISL’s goals, objectives, policies and operating procedure.
Actively contribute to the implementation of AISL’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.
Research technical accounting issues for compliance
Monitoring and enforcing internal controls over financial transactions and financial reporting.
Execution of month-end procedures and process
Implementation of the accounting software

Budget and Budgetary control:

Engages all stakeholders in the preparation of the business’ budgeting and budgetary control document to achieve the agreed corporate objectives
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 Board.
Monitors the implementation of budgetary mechanisms to proactively identify and manage budget/ performance variances by the business sectors

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
Research on future legislation that impacts taxation and operations, including future risks.
Ensure 100% remittance of all tax and statutory obligations.
Develop and maintain relationships with appropriate personnel in relevant tax authorities

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
Serve on committees or cross-functional teams and perform other duties as assigned by the MD or the Board
Participate in the recruitment, selection, training, professional development, and performance evaluation of staff in line with the Company’s Human Capital policies

Key Performance Indicators (KPI)
KPI: 90 Day Deliverables:

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

KPI: Non-Financial:

80% accuracy in cash-flow estimates
80% accuracy of average budget variances – Actual vs. Plan
80% accuracy of variances in expense accounts- Actual vs. Plan
100% performance in external audit examinations
Zero non-compliant cases raised by the regulatory bodies
Quality of financial advice provided to the company
Accuracy and timeliness of management information and reports
Internal customer satisfaction levels

Competence Requirements

Minimum of 5 years experience as a Finance Professional with A solid understanding of the nigerian capital markets & stockbroking firms.
Knowledge of GAAP/ IFRS
Knowledge of finance, accounting, budgeting, and cost control principles
Ability to analyze financial data and prepare financial reports, statements, and projections
Excellent communication & presentation skills.
In-depth understanding of the organization’s business.
Good communication skills.
Attention to details.
Good Management abilities.

Negotiation: