Group Financial Controller

Company Name: Tutor_Me Soft

Job Description:

This job description is a general description of essential functions. It is not intended to describe all the duties performed by an employee in this position. All employees are expected to perform tasks as assigned by supervisory personnel, regardless of job title or routine job duties.

Responsibilities

• Manage the daily activities of the finance department
• Manage the company’s accounts and its subsidiaries
• Coordinate Internal & External audits. Ensure all internal and external audit control reports are fully and promptly addressed
• Attend to audit inquiries promptly and give assistance to auditors
• Develop and manage an efficient and effective financial reporting system
• Assist in the development and implementation of policies and procedures relating to financial management, budgeting and accounting
• Provide financial analysis statements including monthly balance sheets, income statements, cash flow statements, actual to budget and previous year variance analysis

Detailed Functions and Responsibilities

• General Business
• Finance and Treasury Administration
• Budgets/Forecasts and Reporting
• Fixed Asset Management
• Group Tax management and General Statutory Compliance

General Business Duties:

• Oversee the smooth and efficient running of the finance department
• Ensure compliance with statutory authority and audit requirements
• Maintain integrity of Accounting System (software), ensuring it remains effective and operational at all times
• Ensure all taxation and legislative requirements are complied with at all times
• Assures protection for the assets of the business through internal control, internal auditing and assuring proper insurance coverage
• Update “chart of accounts” monthly to reflect account management activities
• Training and constant coaching of Finance and Accounting Staff

Finance Duties:

• Develop and manage a financial reporting system including a chart of accounts, cash flow reports and a monthly bank reconciliation reports
• Timely financial reporting to management based on agreed timelines
• Ensure the accurate and timely processing of accounts payable, purchase orders, and petty cash
• Ensure the monthly reconciliation of all ledgers and sub-ledgers
• Analyse business performance/results, providing feedback to Senior Management
• Track and monitor revenue for accuracy, verifying it against sub ledger report on a monthly basis
• Negotiate competitive rates with insurers
• Track, monitor and manage insurance claims
• Engage Bankers for new debt raise and take ownership of debt raise process
• Ensure that debtors are monitored and collections are consistent with set company time frames
• Prepare monthly reports that summarise the company business activity and financial positions in areas of income, expenses and earnings
• Prepare Cash Expenses, Account Payable and Capitalisation Reports on monthly basis
• Reviews and approves accounts payables, i.e. verify that payables comply with company policy
• Coordinate the month-end and year-end closing process
• Provide first-level tax advice

Treasury & Tax Duties:

• Prepare and submit Group monthly treasury position (cashflow utilization/plan) on or before 5th of every month
• Preparation of monthly/yearly Cash Flow Forecast and periodic review
• Ensure availability of adequate cash flow to meet company’s needs
• Management of bank transfer of local and foreign currency
• Monitor banking activities of the organisation
• Ensure bank mandates on all accounts are updated and always in line with current organization structure, with CEO as part of signatories to all accounts
• Ensure timely filing/remittance of monthly taxes – VAT, WHT, Company Income Tax, PAYE, etc. Submission of filing reports and yearly tax status reports for management review
• Coordinate tax audits for the group and attend tax meetings with FIRS/LIRS

Budgeting/Forecasting and Reporting Duties:

• Coordinate and prepare annual budgets, including operating and capital expenditure budgets
• Ensure the accurate preparation/reporting of monthly management financial results in strict accordance with company deadlines
• Where required, provide assistance/direction to managers with regards to the preparation of budgets
• Ensure any variations to budgets and forecasts are explained in management reports, including any future/potential exposures to the organisation
• On a monthly basis prepare “budget reports” for review by Management
• Ensure that end of year statutory accounts report is finalised by specific date (31 March) and presented to Management for review
  

Asset Management Duties:

• Ensure all company assets are monitored and accounted for
• Develop fixed asset policy for Management approval and ensure its implementation
• Ensure fixed assets register is managed and maintained with strict adherence to fixed asset policy
• On a monthly basis ensure the general ledger is reconciled to the asset register
• Coordinate year-end stock take

Job Requirements

Work Experience

8 – 10 years’ cognate experience in Finance/Financial Management

Skills/Competencies Required

Advanced experience in Gas and Utilities industry; Treasury Management & Operations; Budgeting & Budgetary Controls; Corporate Performance Management; Cost Management, Finance & Accounting, Tax Management, Financial Analytics, Financial Controls, Financial Process Documentation, Financial Reporting, Financial Risk Management, Investment Management, Foreign Exchange & Money Markets, Regulatory & Statutory Compliance

Real-Time Cloud-Based Accounting Package(s), Microsoft Excel & PowerPoint, Interpersonal and Leadership Skills, Stakeholder Management, Communication – written and verbal, Organisational Skills with proven ability to complete multiple tasks simultaneously, Flexible, Self-driven and Result Oriented

Education/Qualification Requirements

HND or bachelor’s degree in accounting, Finance or related field

Relevant professional qualifications including ACCA, ICAN, or CFA

• Minimum Qualification :
• Experience Level : Mid level
• Experience Length : 8 years

Job Type:Full time

Job Posted: 18th March 2025