Finance & Accounts Manager at Megastone Limited

Company: Megastone Limited
Position: Finance & Accounts Manager
Employment Type: Full-Time
Reporting To: Managing Director

JOB SUMMARY

Megastone Limited is seeking to recruit a highly qualified, experienced, and trustworthy Finance & Accounts Manager (CPA) to take full responsibility for the company’s:

• Accounting
• Financial management
• Financial reporting
• Compliance
• Budgeting
• Internal financial controls

The successful candidate will be expected to establish and maintain a strong financial management system that provides management with accurate, timely, and reliable financial information for effective decision-making.

KEY RESPONSIBILITIES

The Finance & Accounts Manager will be responsible for:

• Preparing monthly, quarterly, and annual financial statements.
• Preparing and reviewing the company’s:
  • Profit & Loss Statement
  • Balance Sheet
  • Cash Flow Statement
• Managing the company’s complete accounting records and General Ledger.
• Preparing:
  • Annual budgets
  • Financial forecasts
  • Cash-flow projections
• Monitoring:
  • Company income
  • Operating expenses
  • Liabilities
  • Receivables
  • Payables
• Managing bank reconciliations and ensuring all company bank accounts are properly reconciled.
• Supervising:
  • Company payments
  • Receipts
  • Petty cash
  • Invoices
  • Payment vouchers
  • Other financial documentation
• Ensuring proper documentation and authorization of all company financial transactions.
• Managing accounts receivable and following up outstanding customer balances.
• Managing accounts payable and ensuring suppliers and service providers are paid according to agreed terms.
• Preparing management accounts and financial reports for the Managing Director.
• Providing financial analysis and recommendations to support management decisions.
• Monitoring company profitability.
• Analyzing the financial performance of:
  • Different projects
  • Departments
  • Branches
  • Business activities
• Developing and maintaining strong internal financial controls to prevent:
  • Fraud
  • Financial loss
  • Unauthorized expenditure
  • Accounting errors
• Managing the company’s tax matters and ensuring timely compliance with all applicable tax obligations.
• Preparing and coordinating:
  • VAT
  • PAYE
  • Withholding Tax
  • Corporate Income Tax
  • Other statutory tax requirements where applicable
• Liaising with:
  • Tax authorities
  • Auditors
  • Banks
  • Consultants
  • Other relevant financial institutions
• Preparing financial records and supporting documents for annual external audits.
• Working closely with external auditors to ensure timely completion of audited financial statements.
• Managing:
  • Payroll preparation
  • Salary payments
  • Statutory deductions
  • Employee-related financial records
• Maintaining the company’s Fixed Asset Register.
• Developing:
  • Accounting policies
  • Accounting procedures
  • Financial reporting systems
• Supervising accountants, finance officers, cashiers, or other finance department employees where applicable.
• Ensuring confidential financial information is properly protected and securely maintained.
• Advising the Managing Director on:
  • Financial risks
  • Cost control
  • Investments
  • Profitability
  • Financial planning
• Performing any other finance and accounting responsibilities assigned by management.

MINIMUM QUALIFICATIONS

The successful candidate must have:

• A Bachelor’s Degree in:
  • Accounting
  • Finance
  • Commerce
  • Business Administration
  • Or a related field
• Professional accounting qualification, preferably CPA or equivalent recognized professional qualification.
• Strong knowledge of:
  • Financial accounting
  • Management accounting
  • Taxation
  • Auditing
  • Budgeting
  • Financial reporting
• Strong understanding of accounting standards and financial control procedures.
• Good knowledge of accounting and financial management software such as:
  • QuickBooks
  • Sage
  • Xero
  • ERP systems
  • Or similar accounting systems
• Advanced knowledge of Microsoft Excel and financial reporting tools.

REQUIRED EXPERIENCE

• At least 7 to 10 years of professional accounting and finance experience.
• At least 3 years of experience in a senior accounting, Chief Accountant, Finance Manager, or similar leadership position.
• Proven experience preparing complete financial statements and management accounts.
• Demonstrated experience in:
  • Budgeting
  • Financial forecasting
  • Cash-flow management
  • Taxation
  • Audit preparation
• Previous experience managing or supervising an accounting/finance team will be an added advantage.
• Experience in any of the following commercial sectors will be highly preferred:
  • Trading
  • Logistics
  • Shipping
  • Import/export
  • Construction materials
  • Manufacturing
  • Other commercial businesses

REQUIRED SKILLS AND COMPETENCIES

The ideal candidate should demonstrate:

• High level of integrity, honesty, and confidentiality.
• Excellent analytical and financial management skills.
• Strong attention to detail and accuracy.
• Ability to identify financial risks and accounting irregularities.
• Strong leadership and supervisory skills.
• Ability to work independently with minimal supervision.
• Excellent problem-solving and decision-making abilities.
• Ability to meet strict financial reporting and tax deadlines.
• Strong communication and reporting skills.
• Ability to present financial information clearly to senior management.
• Strong organizational and time-management skills.
• Ability to establish effective financial systems, procedures, and controls.

PREFERRED CANDIDATE PROFILE

Megastone Limited is particularly interested in a candidate who is capable of independently managing the company’s entire finance and accounting function.

The candidate should be able to provide management with a clear and accurate understanding of:

• How much the company is earning.
• How much the company is spending.
• The company’s monthly profitability.
• The company’s annual profitability.
• The company’s cash-flow position.
• Customer outstanding balances.
• Supplier obligations.
• Tax obligations.
• Financial risks.
• Cost-control opportunities.
• Financial performance of individual projects or business activities.

APPLICATION REQUIREMENTS

Interested candidates should submit:

• Updated Curriculum Vitae (CV).
• Copies of academic and professional certificates.
• Evidence of CPA or equivalent professional qualification.
• Contact details of at least two professional referees.
• A brief cover letter explaining relevant experience and suitability for the position.

Only candidates with strong accounting experience and the required professional qualifications should apply.