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Apply for Finance Manager – Lagos.
The location is LAGOS, Nigeria
Job Description
- The Finance Manager plays an important role within the school’s Business Office by assisting and supporting the School Administrator and Director as the case may be.
- He/She is required to demonstrate a high level of competency in financial matters and accountability to prepare regular, accurate, and timely financial reports.
- In addition to this, the School Finance Manager will provide leadership to the finance staff and will report directly to the School Director.
Key Responsibilities
- Financial Management and Development:
Perform the day-to-day activities associated with financial reporting and general ledger maintenance and control.
- Debtor and Fee Management:
- Prepare and administer debtor payments/funds received for banking
- Liaise with the College Finance Officer to allocate late payment fees to debtor accounts
- Maintain all accounts receivable records and backup material, ensuring the type of record retained and period of storage meets regulatory and legal requirements
- Financial Reporting and Development:
- Prepare the Annual Financial Statements (AFS), including all end-of-year financial accounts and reports.
- Liaise with and assist external auditors in conducting the annual interim and final audit of the School.
- Ensure internal controls are adhered to and maintained.
- Report any breach of internal controls to the appropriate authority.
- Complete all regulatory, educational and general compliance requirements as they fall due.
- Prepare financial statements for presentation to the School Management as required Prepare and compile the Annual Budget for review and approval by the agreed timeline.
- Liaise with Heads of Department to ensure all necessary financial data is made available for the construction of an accurate Annual Budget
- Identify weaknesses and risks inherent within the budgetary processes
- Issue monthly Financial Statements and relevant reports to budget holders as required.
- Monitor Budget expenditure and follow up budget exceptions with Departmental Heads as required.
- Advise the School management of inherent risks, errors, and omissions in any returns
- General Ledger Maintenance and Control:
- Prepare and maintain accurate monthly general ledger reconciliations
- Prepare and maintain bank reconciliations as required, ensuring approval by the School Director on a monthly basis
- Prepare month-end accounting entries
- Prepare and enter into the general ledger all fortnightly payroll journal entries in accordance with AFS and salary packaging deductions.
- Ensure ongoing maintenance and reconciliation of the School Asset Register, including regular audit of School Assets and their condition.
- Administration:
Contribute to the administrative functions of the School, specifically as they relate to financial matters involving payments and entitlements
- Specific Duties:
- On a timely basis, prepare, communicate and distribute school fee statements to all families each term.
- Complete all regulatory, educational, and general compliance requirements and returns as they fall due.
- Develop a thorough understanding of the School Administration software package and maintain its operation in conjunction with IT support
- Review and approve purchase orders as required and if appropriate, identify improvements in the school ordering process
- Ensure that all administrative duties, checks, documentation, reports, and returns (internal and external) are completed accurately and submitted with the in required deadlines.
Job Requirement
we are looking for a candidate who fulfill these requirements
- Requirements and Qualifications Proven work experience as a Financial Manager or similar role In-depth understanding of cash flow management
- bank reconciliation and book-keeping Hands-on experience with budgeting and risk management Excellent knowledge of data analysis and forecasting models Proficiency in accounting software B.Sc/BA in Accounting
- Finance or relevant field Possession of any other relevant accounting qualification 6+ Years of Relevant Experience
- BSC
Perks
Competitive compensation generous benefits and career growth