Group Finance Director

Job Profile:

Providing strategic and financial guidance at Group level to ensure that the company's financial commitments are met. Developing all necessary policies and procedures to ensure sound financial management and control of the company's business. Assist CEO / Executive Director / Board to manage and inspect the work of finance department of CWAY Group Companies and Affiliates in Nigeria.

Principal Responsibilities

1. Business Financial Insights: In-depth knowledge on financial/management accounting principles will lead to accurately reflecting business performance.
   1. Financial performance review and developing the best practices.
   2. Financial Impact on Strategy Execution
   3. Reviewing the group chart of accounts in SAP
   4. Current SAP modules review and improvement if required. SAP Implementation for all Business units as per business requirements.
   5. Group Financial reporting structure review and format standardization.
   6. Cost structure review for all BC`s and BU`s.

2. Controls, Compliance & Assurance: Ability to evaluate risks and determining their impact on the management audit, developing and/or modifying audit procedures as required. You ensure compliance to legal and secretarial requirements as well as functioning within the norms of statutory audit regulations respective to country/ business
   1. Ensuring & developing effective Internal Control System and periodic review.
   2. Establishing effective group internal audit system, audit team and improve the audit quality.
   3. Compliance Measures
   4. Business risk measure & assurance
   5. System Automation drive.
   6. Format standardization for monthly MIS and annual budget
   7. SOP`s standardization and periodic review.
   8. Cash flow/fund flow planning at group level.
   9. New Project monitoring.
   10. Developing group tax compliance chart
   11. Corporate Tax planning
   12. Corporate Fund planning

3. Reporting & process efficiencies: as Director Finance demonstrates conceptual ability to ideate and implement robust systems & processes suited to CWAY Group/business Centers. also display accuracy and efficiency in MIS reporting, budgeting.

4. Capability Building: Build capability in finance function, growing finance leadership pipeline and ensuring effective knowledge & expertise transfer for effective execution of finance strategies. Develop business acumen of managers and senior managers.

4.1 Personal Credibility & Thought Leadership

1. 2. Finance and Accounts Dept structure, Job responsibilities and KPI setting.
   3. Building Functional Capability
   4. Team Building and knowledge upgradation of Finance & Accounts department

5. Financial Reporting: Preparation & co-ordination of audit of standalone & Consolidated financial statements of the CWAY Group Companies and Affiliates in Nigeria. as per local & IFRS guidelines.

6. Monthly MIS: Providing the assistance to business centre finance team to improve & Standardization Monthly MIS Format and also to develop the checklist for timely and accurate monthly closing work and providing monthly MIS to the Board on performance, variances, production, capacity utilization, sales, consumption's, overheads analysis etc.

7. Fund/Treasury function: Providing the assistance to business centre finance team on daily funds management, payable, receivables, dealing with banks for loans, trade, forex etc.

8. Banking Relation: Maintaining and improving good banking relationship to ensure & support value maximization initiatives (Banking Transactions, interest, Forex & Trade Finance etc.)

9. Working Capital Management: Managing the receivables & payable, monitoring the inventory & receivable levels, alerting the management on alarming levels, expiry, near expiry stocks, non-moving & slow-moving stocks etc.

10. Budgets: Annual Budget Format standardization/improvement, Providing the assistance to business centre finance team for preparation of annual Budgets, both revenue and capital, will monitoring of actual in line with budgets on monthly basis.

11. Insurance: Will review the CWAY Group Insurance risk/requirements and placing & ensuring adequate insurance for all risks of the Company & its subsidiaries, ensuring adequate coverage for all risks like stocks/ fixed assets fire, burglary, transit, both inland & foreign, public liability, Mediclaim, Group Personal Accident, Motor, Erection All Risks, Machinery break down, Loss of profit etc.

12. New Projects activities: CAPEX controlling & monitoring, working out paybacks for new projects, monitoring of actual in line with budgets on monthly basis. SOP drafting for new projects.

13. CWAY Group Tax Compliance: Right Tax projections, Minimum tax payment with complete tax compliance for all Business Centers, Business Units and CWAY group Companies and manage the Tax books accordingly. Manage the tax notices and tax demand accordingly.

14. Systems & Practices upgradation & Automation: Ensuring & developing proper internal controls & systems in coordination with IT and other depts. Focus on system automation for monthly finance closing and monthly MIS etc.

15. Ad-hoc tasks assigned by supervisor as and when required.

Upman Placements is a firm of Researcher & Recruitment Specialists. The company started life in 2002 in India as a recruitment specialist firm. The company has built a stellar reputation for high ethical standards, a specialized focus and unparalleled service. Emerged As one of the only truly global specialized staffing firms focusing exclusively in professional positions for our clients spread across more than 20 countries with a sizable presence across industry levels. With footprints in competitive markets of India, Europe, United Kingdom, Middle East, Singapore, Malaysia, Philippines, Indonesia, Brunei and East & Central African countries.