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Outsource Africa is a recruitment agency based in Lagos, Nigeria. We are specialists in recruiting talents and understand the effort it takes to find the right talent. From our screening / profiling of candidates to final selection, we are with you every step of the way.

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Jobs at Outsource Africa Recruitment

October 6, 2022

Financial Analyst at Outsource Africa

September 21, 2022 

Outsource AfricaJob Title: Financial Analyst Location: Lekki, LagosEmployment Type: Full-time Job Description Perform a wide variety of highly complex accounting, financial analysis and reporting work auditing, reconciling and maintaining financial records… Read more here

, Lagos
Employment Type: Full-time

Job Description

  • Perform a wide variety of highly complex accounting, financial analysis and reporting work auditing, reconciling and maintaining financial records in support of the school; including budgets, journals and ledgers of income, expenditures and encumbrances.
  • Download, interpret and manipulate information from both financial and nonfinancial systems. This includes student, staff and estates data.
  • Analyse spending patterns and trends to provide insights to budget holders.
  • Perform regular variance analysis on the portfolio and provide commentaries.
  • Conduct, prepare, and submit systematic and periodic reviews of budgets, preparing projections of variance to approved budgets. Creates and updates Standard Operating Procedures.
  • Prepare and audit a variety of financial, statistical and budgetary reports statements and records related to assigned accounting functions.
  • Review and analyse financial statements, records and reports to ensure accuracy, completeness, and compliance.
  • Implements budget revisions in accordance with designated specifications.
  • Conduct financial, statistical, and operational studies of a variety of school operations. Prepare findings, recommendations, and discussion for management review and action.
  • Analyse and interpret legislative, state and federal directives; communicate findings to the Head of Finance and management. Coordinate necessary recommendations for revisions as required for financially sound and consistent policies concerning budget accountability.
  • Analyse budgeting and accounting record procedures to ensure systems internal controls and compliance with regulatory requirements, policies and administrative regulations.
  • Prepare various comparative analysis reports to be presented to management. Prepare various fiscal documentation regarding accounting activities, e.g., weekly, monthly and annual reports.
  • Oversee, calculate, post, audit and adjust journal entries including yearend closing, account reconciliation, reporting, and auditing; monitor, evaluate and reconcile assigned accounts and budgets; update accounts to reflect revenue and expenditures. Coordinate input of budget data. Implement procedures for specialising budgets. Input account item transfers.
  • Manage and analyses budget reports and preparation of recommendations for auditing and internal controls. Evaluate budgets to ensure adequate funds exist prior to authorisation. Forecast short-term and long-term projections of revenues and expenditures. Provide timely and accurate information relating to budget status.
  • May receive, review, and process requisitions from various departments; track requisition processes, including initial receiving, coding and tracking.
  • Generate invoices when required.
  • Maintain financial models (such as staff budgets, tuition fees, etc.) in Excel.
  • Evaluate current capital expenditures and depreciation.
  • Explore investment opportunities.
  • Establish and evaluate profit plans.
  • Identify trends in financial performance and provide recommendations for improvement.
  • Coordinate with other members of the finance team to review financial information and forecasts.
  • Responsible for ensuring that data is accurate, up-to-date and complete.
  • Active role in debt management and control.
  • Maintain relationships with the banks.

Qualification

  • Degree in Finance, or other related fields.
  • Professional qualification

Experience:

  • 3 to 5 years of successful experience in a financial role, preferably in a school
  • Experience using financial software.
  • Working effectively with internal and external partners.
  • Advanced MS Excel skills
  • Higher level IT skills.
  • Excellent analytical and numerical skills.
  • Strong ethics, with an ability to manage confidential data. Excellent interpersonal skills.
  • Effective communicator and presenter – orally and in writing.
  • Ability to work as part of a team.
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