Finance Manager at a Boarding International School

Job Title: Finance Manager | Boarding International School | Location: Lagos | Employment Type: Full time


A co-educational full Boarding International School is looking to recruit suitably qualified candidates.

Job Summary

  • The Finance Manager will ensure effective utilization of the financial resources of the School, including achieving cost efficiently in line with defined goals and objectives.
  • He / she will provide Management and the Board with timely, complete and accurate financial information for business decision-making.
  • Articulate, develop and implement strategies to ensure that the School’s funding requirements are proactively anticipated and met at reasonable cost

Duties and Responsibilities
Strategic:

  • Provide leadership and strategic decision in the execution of the department’s work plans and programmes
  • Identify risks and long-term financial implications of intended projects / initiatives, and advise the Principal and Board accordingly
  • Develop and implement cost management strategies to monitor and control costs
  • Develop investment strategies that will ensure high returns on investment while assuring liquidity for the School’s operations
  • Ensure on-going incorporation of leading practices in the operations and activities of the department

Operational:

  • Coordinate the development of the School’s budget, and the allocation / distribution of financial resources in line with the School’s short, medium and long-term strategic plans
  • Ensure implementation of an effective and adequate financial controls
  • Ensure availability of adequate funding as required for the School’s operations, in line with the School’s financial policies
  • Analyse and report on the School’s investment portfolio, yields and investment instruments
  • Analyse and report on the School’s loan and borrowing portfolio including analysis on existing loan facilities and interest rate exposures
  • Ensure the timely reconciliation of accounts and prepare periodic activity / management reports to the CFO, on the activities of the finance function
  • Coordinate timely preparation of financial statements and ensure that the statements reflect the School’s financial position and comply with statutory and regulatory requirements
  • Manage the interface between the School and external auditors and regulators to ensure the School’s financial interest is protected
  • Participate in management meetings and provide insight into the financial position of the School and opportunities that can be explored.

General:

  • Continuously review the department’s policies, processes and activities, and make recommendations for improvement to the CFO
  • Manage the human and material resources of the department to optimize performance and enhance output
  • Oversee and coordinate the day-to-day activities of the department and provide overall leadership and guidance to subordinate.
  • Assign detailed responsibilities to subordinates and supervise them to ensure timely delivery of high quality results
  • Motivate, guide and ensure knowledge transfer and capacity building of staff within the finance & accounts function
  • Review and authorize key expenditures/transactions of the department in line with approved departmental budget and manual of authority
  • Ensure periodic meetings to communicate School and departmental goals/targets and agree work plan
  • Conduct periodic performance appraisals for staff and manage the career and developmental needs of subordinates in line with defined HR policies and procedures.
  • Oversee the activities of the procurement function ensuring the School’s interest is protected and that quality items are provided at reasonable prices
  • Ensure transparent and objective vendor selection and evaluation process, including maintenance of a comprehensive supplier / vendor database.
  • Monitor the activities of vendors to ensure adherence to Service Level Agreements (SLAs).
  • Perform any other duties as assigned by the CFO.

Qualification and Work Experience
The Finance Manger must satisfy the following minimum qualifications:

  • First degree in Accounting / Statistics or its equivalent.
  • Membership of a recognised professional body of Accountants e.g. ICAN, ACA, ACCA, CPA, CIMA.
  • Minimum of ten (10) years cognate experience in a reputable organization with at least four (4) years at management level
  • Experience in strategic financial planning and analysis

Skills and Competencies:

  • Advanced financial accounting knowledge, including in depth understanding of finance best practices, International and Nigerian accounting and financial reporting standard
  • Good understanding of financial controls
  • Good understanding of the School’s operations, inter-relationships and dependencies
  • Strong leadership, supervisory, coaching and mentoring skills
  • Ability to think strategically and holistically
  • Excellent communication, business presentation and analytical skills
  • Excellent negotiation and problem solving skills
  • Strong business acumen, maturity and tact
  • High integrity and ethical standards
  • Good appreciation and working knowledge of office productivity tools
  • Good understanding and working knowledge of financial accounting systems.

Application Closing Date
30th October, 2020.

Method of Application
Interested and qualified candidates should send their CV and Application to: [email protected] using the “Job Title” as the subject of the email.

Note: Please do not apply to this position if you did not meet the requirements.