FINANCE MANAGER-VACANCY AT FOOD COURT

Job Description

Analyze financial data and make recommendations to optimize financial performance.

Responsibilities

Financial Planning and Analysis:

• Develop financial plans, budgets, and forecasts.
• Analyze financial data and make recommendations to optimize financial performance.

Accounting:

• Oversee accounts payable, accounts receivable, general ledger, and payroll functions.
• Ensure accurate and timely financial statements compliant with regulations.

Cash Management:

• Monitor and forecast cash needs, manage banking relationships, and ensure liquidity.

Risk Management:

• Identify and manage financial risks, and develop strategies to minimize exposure.

Tax Compliance:

• Ensure compliance with tax laws, file tax returns, and implement tax planning strategies.

Financial Reporting:

• Prepare and present financial reports to management and the board of directors.

Team Management:

• Lead and mentor a team of finance professionals, providing effective guidance.

Key Performance Indicators (KPIs):

Financial Performance:

• Revenue growth, profitability, gross margin, return on investment (ROI).

Cash Flow Management:

• Days sales outstanding (DSO), days payable outstanding (DPO), cash conversion cycle, net cash flow.

Budgeting and Forecasting:

• Accuracy of budget forecasts, variance analysis, and budget adherence.

Risk Management:

• Risk identification, mitigation strategies, and risk monitoring.

Compliance:

• Compliance with tax laws, accounting standards, and financial reporting regulations.

Team Management:

• Team performance, efficiency, and effectiveness in responsibilities.

Stakeholder Management:

• Stakeholder satisfaction, effective communication.

Reports:

Daily Reports:

• Cash Position Report: Monitor daily cash balances, ensuring sufficient liquidity for operations.
• Accounts Payable Report: Track outstanding bills, ensuring timely payments to vendors.
• Bank Reconciliation Report: Reconcile bank statements with accounting records for accuracy.
• Inventory Report: Monitor inventory levels, ensuring adequate stock for customer demand.
• Sales Report: Analyze daily sales, identifying trends and opportunities for improvement.
• Expense Report: Track daily expenses, identifying cost-saving opportunities.

Monthly Reports:

• Income Statement Report: Summarize monthly revenue, expenses, gross profit, and net income.
• Balance Sheet Report: Provide a snapshot of assets, liabilities, and equity at month-end.
• Cash Flow Statement Report: Outline cash inflows and outflows, detailing operational, investing, and financing activities.
• Budget Performance Report: Compare actual financial results to budgeted projections, explaining variances.
• Forecast Reports: Project future revenue, expenses, and cash flow, guiding financial decisions.
• Management Reports: Present KPIs, financial ratios, and metrics, offering insights for decision-making.
• Tax Reports: Ensure compliance with tax laws, including tax returns and payments.
• Audit Reports: Provide an overview of financial performance, ensuring accuracy and compliance.
• Investor Reports: Communicate financial performance and prospects to stakeholders.
• Accounts Payable Aging Report: Track outstanding bills, facilitating effective cash flow management.
• Fixed Asset Report: Monitor investments in fixed assets, ensuring effective utilization.

Location: Lagos State, Nigeria.

For More Information: FINANCE MANAGER