Author Topic: Finance Roles at School Kits Limited, Thursday 3, January 2019  (Read 246 times)

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Finance Roles at School Kits Limited, Thursday 3, January 2019
« on: January 03, 2019, 09:47:30 AM »
School Kits Limited is a leading professional school outfitting firm and a one-stop shop for a wide range of requirements for students from pre-school age through the secondary (High) school age. We are passionate about providing value to schools and parents hence we strive to deliver quality, flexibility and affordability on school supplies.

School Kits Limited commenced business in 2000 and has experienced significant growth for the years becoming a credible brand within the school supply industry in Nigeria. Our competence and credibility can be attested by many satisfied School clients from start-ups schools to well-established institutions as listed in our portfolio.

HEAD OF FINANCE

DETAILS:

Qualification: BSc/MSc and a Professional Accounting Qualification (ICAN/ACCA/CFA)

Years of Experience: Minimum of 5years

Age: 30-35years

JOB BRIEF
We are looking for a Head of Finance to supervise all fiscal functions of our company and ensure we use capital and resources beneficially.
Head of Finance responsibilities include creating forecasting models, assessing risk in investments and ensuring all accounting activities comply with regulations. To be successful in this role, you should have experience crafting financial strategies and managing accounting teams.
Ultimately, you will maintain our company’s financial health and increase profitability in the long run.

RESPONSIBILITIES
Forecast monthly, quarterly and annual results
Approve or reject budgets
Conduct risk management
Evaluate and advise on investments
Supervise Accounting Teams
Allocate resources and manage cash flows
Conduct profit and cost analyses
Develop secure procedures to maintain confidential information
Ensure all accounting activities comply with financial regulations
Consult senior management and board members about funding options
Recommend cost-reduction strategies

REQUIREMENTS
Proven work experience as a Financial Controller or similar role
In-depth understanding of cash flow management, bank reconciliation and bookkeeping
Hands-on experience with budgeting and risk management
Excellent knowledge of data analysis and forecasting models
Proficiency in accounting software
BSc/BA in Accounting, Finance or relevant field
MSc/MBA or relevant certification (e.g. ACCA/ICAN) is a plus

SKILLS AND ATTRIBUTES
 Strong analytical and decision-making skills
 Creative thinking and ability to proffer solutions to address financing challenges
 Strong systems, process and best practice experience
 Leadership skills with High level of integrity
 Excellent presentation and delivery skills
 Excellent written and verbal communication skills

SPECIFIC RESPONSIBILITIES 
Strategic Functions
Provide strategic financial analysis and leadership on decision-making issues affecting the Company (i.e. growth, new markets, and evaluation of potential alliances, employee benefits, retirement plans, and investments).
Undertake financial analysis periodically, to assist the Senior Management Team  in evaluating profitability of income streams and potential for cost efficiencies
Would be required to enhance and/or develop, implement and enforce Finance policies and procedures of Company by way of systems that will improve the overall operation and effectiveness of the company.

Accounting/Finance Management:
Prepare and send accurate, complete and timely financial and management reports, which will include weekly/monthly/quarterly management accounts and balance sheet control
Oversee, monthly reconciliation of all Company Bank accounts
Treasury & Working Capital Management – manage authorization of weekly electronic and manual payments and management of foreign exchange requirements.
Liaison with bankers on loan facilities and other correspondence.
Develop a reliable cash flow projection and facilitate cash management policies that balance receivables collection with payables and include a minimum cash threshold to meet operating needs.
You will prepare the cash flow statements, income and expenditure accounts, tax returns and balance sheet.to be presented and a monthly performance review session

Tax Matters
To ensure that the company is in compliance with all statutory requirements including:
Payment and filing of VAT returns,
PAYE and Pension remittance
Withholding deduction and remittance
Corporate Income Tax- Liaising with auditors on the payments

Budget
Drafting and management of annual.budget
Monitor expenditure to ensure adherence to the company’s fiscal year budget.
Continuously improve on the budgeting process through engagement of other departmental heads on financial issues impacting department budgets.
Analyze budget variances and consolidate the financial statement for further analysis

Interface with Sales Unit
Ensure that sales invoices are raised on all sales orders generated by the sales executives after confirmation of lodgement into bank or authorisation of credit sales by the approving authority.
Ensure that receipts are raised on confirmation of lodgement into bank accounts
Audit: Ensure timely submission of all external reports such as Audit/Tax Reports etc.

Payroll: Supervise monthly payroll operation, PAYE and management of employer stakeholder pension plan.

INTERNAL CONTROL OFFICER

DETAILS:

The Internal Control Officer will be responsible for ensuring accuracy and reliability of all departments' transactions, Inventory data, and stock balances.
In addition, the officer will device and maintain a system of control that is sufficient to provide reasonable assurances on relevant company and clients’ related transactions.

Required Knowledge and Skills:
Good administrative and organizational skills
Strong analytical skills
High attention to detail and a pursuit to constantly improve current processes and procedures
Good interpersonal relationship skills
 Accounting background
Advanced Computer Skills
2 years of experience on the same role
High level of Integrity and ability to keep confidential information

TO APPLY
Applicants should send Cvs to humanresources@schoolkitsng.com

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Finance Roles at School Kits Limited, Thursday 3, January 2019
« on: January 03, 2019, 09:47:30 AM »

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