Finance Manager – C&I – Lagos, Nigeria
03 Sep 2024
Region:
West Africa
Country:
Nigeria, Starsight Energy
Company:
Starsight Energy
Segment:
C&I
Experience:
8+

Job Summary

The Finance Manager is responsible for serving as a team lead in the finance department and managing O2C and P2P operations. Ensuring that customers are correctly billed in line with the terms of their contracts as advised by the Sales/Analytics team, revenue is accurately & completely recognized, and due payments are made with the correct applicable tax charged. Financial Records: The holder of this role will be directly involved in preparing, analysing, and interpreting the business’s financial records. This may be in the form of a Management Account or Statutory Financial Statements. He/she will also play a significant role in the audit activities in line with the organisations, and external parties’ requirements.

Job Details

Duties and Responsibilities

  • Ensure customers are correctly billed in line with the terms of their contracts.
  • Ensure revenue is accurately/completely recognized.
  • Responsible for revenue assurance functions (i.e., ensure no revenue leakages.
  • Maintains customers’ confidence and protects operations by keeping financial information confidential.
  • Review weekly payment schedules by verifying supporting documents for the disbursement requests.
  • Ensure cash advance retirement is reviewed and approved within 42 hours.
  • Summarizes current financial status by collecting information and preparing the company’s financials and other reports as may be required by the management.
  • Analyse the accounting records, including financial statements and other financial reports to assess accuracy, completeness, and conformity to the standards defined within the department.
  • Works with the Financial controller on appropriate fiscal strategies for the organization.
  • Develops systems for the maintenance of financial records, making use of current technologies.
  • Documents financial transactions by entering account information.
  • Recommends financial actions by analysing the accounting options.
  • Substantiates financial transactions by auditing documents.
  • Maintains and enforces company’s controls and recommends updates to the policies and procedures when it is required.
  • Guides accounting clerical staff by coordinating their activities.
  • Reconciles financial discrepancies by collecting and analysing account information.
  • Secures financial information by completing database backups.
  • Perform payroll administration functions (review, postings, and other related activities).
  • Assist in the budgeting and budgetary process including analysing the result against the plan and providing recommendations for reporting.
  • Coordinate the activities of AP and AR teams for month, quarter and year-end processes.
  • Update the monthly Management Account Reports
  • Provide required inputs that will aid the review of the monthly Management Account
  • Serve as the finance team lead for the annual audit and related activities
  • Perform other assigned functions/responsibilities.

Requirements

Qualification:

  • 8 – 10 years experience in Accounting and Finance Operations.
  • Experience within the engineering industry (telecom, power solutions, construction, etc.)
  • Qualified Accounting professional from ACCA, ICAN, CIMA, and other related finance accreditations.
  • Good overall knowledge of accounting and administration.
  • Audit or Internal Control procedures experience is an added advantage
  • Good understanding of IFRS/IAS standards.

Competencies

  • Financial Management
  • Collaboration Skills
  • Ethical Conduct
  • Thoroughness
  • Excellent Communication skills, both written and oral
  • Sound interpersonal skills
  • Good analytical skills
  • Self Confidence
  • Confidentiality – the ability to keep the company’s information safe
  • Excellent Team Player.

KPIs

  • Days to complete Month End.
  • Delivering monthly Management Accounts of Nigeria/Ghana entities on/before the agreed due date.
  • Manage GL postings and ensure they are correctly mapped to the right account class.
  • Timely and accurate revenue billings and recognition.
  • Number of delayed billing days per month (% of overdue billings).
  • Accurate deduction of relevant taxes and ensuring an error-free payment.
  • Number of invoices missed per month (% of overdue payment).
  • Efficient management of accounts payable.
  • Minimum complaints from vendors regarding delayed response.
  • Delivery of assigned reconciliation schedules for month end.
  • Weekly payment run.

Benefits

  • Competitive compensation package
  • Medical insurance
  • Trainings
  • Life Insurance

Apply here