Workforce Group Job Vacancy for Finance Manager 2018 – Workforce Management Centre Limited is a Management Consulting and Outsourcing Professional Services Firm. Workforce Management Centre Limited (Workforce) has built an enviable reputation as the leading indigenous management and professional services consulting firm in Nigeria.
Workforce Group Job Vacancy for Finance Manager 2018 – The Company is positioned to assist businesses across diverse sectors of the economy in their quest to create sustainable value for their stakeholders.
We are recruiting to fill the position below:
Job Title: Finance Manager
The Finance Manager is a critical role to the success of the company’s value proposition delivery being responsible for all financial activities
The Finance Manager is responsible for performing and supervising daily, weekly, monthly, quarterly and yearly accounting and financial activities relating directly and indirectly with cash flow, inventory, compliance, budgeting, cost accounting, treasury, and financial reporting
Monthly reporting of financial ratios including but not limited to AR turnover, Inventory turnover, Accounts Payable Turnover and Inventory turnover in Days to the CEO.
Monthly reporting of financial statements including but not limited to Cash flow statement, Balance sheet and P&L statement to the CEO.
Managing excess project cash flow to generate 10-30% termly returns through yielding short-term investment portfolios.
Diversifying our company’s cash investments in order to mitigate the risk of forex exchange loss due to unforeseen economic or financial activities. Financial Control
Product and Service costing including all associated cost to determine final selling price with a competitive profit margin.
Quarterly product price review to establish gain/loss to operational, economical, and financial variations including but not limited to forex exchange fluctuation, logistic cost variance, supplier price changes & competitive landscape.
Develop, implement and supervise standard operating procedure(SOP) for all processes within the department including an accounting manual.
Ensuring all accounting and financial records are kept according to established IFRS standards using an automation accounting system.
Analyze company’s cost behavior to establish and report break-even point, desired profit point and minimum monthly revenue threshold.
Supply Chain Management:
Maintain Days in inventory turnover at 90 days or less at all times.
Negotiate credit terms with local and international suppliers with a 60% advance and 40% balance after 30days payment term.
Ensure zero loss on obsolete inventory by ensuring all inventory stock remains within the warranty period of at least 1 year before installation and commissioning.
Accounts Receivable & Receivables:
Ensure all receivables are redeemed within 30 days of due date with redeemable penalties for defaulters.
Promote a system that guarantees accounts payable fulfillment from accounts receivables and not working capital by matching APs with ARs.
Adhere timely to governance compliance requirements including but not limited to PAYEE, Annual Returns, Pension, VAT and Company Tax.
Forecasting sales and departmental expenditure within the last quarter of each financial year against the new financial year planning, based on historical data and the strategic goals of our company.
Approving and controlling project budget in order to generate increased cost savings and in turn higher profit margins.
Implement innovation systems/processes aimed at driving down cost and increasing efficiency across all cost centers within the organization.
Evaluate, monitor and report on established revenue streams for our company by identifying contribution per unit, key revenue contributors as well as declining revenue contributors, while initiating measures to enhance and unclog blocked revenue streams.
Monthly analyzing our company’s business according to customer segment profile to determine revenue, cost, profitability, work in process, inventory, accounts receivables and accounts payables.
Develop financial/investment profiles required to secure funds required to finance investment for our company’s expansion/scaling projects whether equity or credit facility.
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