Husk Power Energy Systems Nigeria Limited Recruitment for Assistant Manager, Financial Planning & Analysis (Nigeria) 2022- Husk Power Energy Systems Nigeria Limited job is recruiting for a suitable candidate to fill a position for Assistant Manager, Financial Planning & Analysis (Nigeria). Interested candidate should kindly apply using the steps and guideline provided in this article below.
Husk Power Energy Systems Nigeria Limited Recruiting for Assistant Manager, Financial Planning & Analysis (Nigeria) 2022
Husk is one of the world’s leading rural energy providers. We provide low-cost and reliable power to rural households and businesses, entirely from renewable energy sources. Powering economic possibilities in every village is at the heart of everything we do.
We design, build and operate the lowest cost hybrid (solar and biomass) power plant and distribution network in India and Africa. To date, Husk has provided electricity to over 15,000 homes and business, reducing 95,000 tonnes of CO2. Our aim is to provide 30MW of power to 225,000 customers by 2025, and save 350,000 tonnes of CO2 each year.
We are recruiting to fill the position below:
Job Title: Assistant Manager, Financial Planning & Analysis (Nigeria)
Location: Abuja
Job Type: Full-time
Role Summary
- Are you a go getter who loves to work with numbers as well as financial modelling, etc., ensuring the tasks is completed with great detail and initiative.
- Do you like to bring order to a vast variety of financial data, spanning across India, Africa and the US, plotting and analyzing the same.
- Husk is looking for an Assistant Manager, Financial Planning and Analysis to join its Finance Team, with responsibility for developing and maintaining a strategic financial plan and annual operating and capital budgets, financial analysis, acquisitions and business development, revenue management and preparation of the financial statements, in accordance with financial techniques appropriate to the energy sector, decision support and cost accounting of the organization.
- This role involves direct interface with external consultants, external auditors, banks and regulators such as NERC, FIRS etc.
- This role reports to the Chief Financial Officer (CFO) with a matrix reporting to the Country Director.
Key Roles
General:
- Evaluating the company’s current assets and investments, working capital, calculating return on investment (ROI) and suggesting alternative ways the company might utilize its cash flows.
- Gauging the company’s overall financial health, primarily by using key financial ratios.
- Identifying which BUs have the highest profit margin (and which have the lowest).
- Examining and evaluating the cost-efficiency of each department of the company, in light of what percentage of the company’s financial resources each department consumes.
- Working with individual departments to prepare budgets and consolidate them into one overall corporate budget.
- Preparing internal reports and dashboards for executive leadership and supporting their decision making.
- Creating, updating, and maintaining financial models and detailed forecasts of the company’s future operations.
- Comparing historical results against budgets and forecasts, and performing variance analysis to explain differences in performance and make improvements going forward.
- Considering opportunities for the company to expand or grow. Mapping out growth plans, including capital budgeting.
- Generating three- to five-year financial forecasts including Balance sheet and cash flows.
- Other related tasks and projects as requested
Accounting, Reporting & Auditing:
- Coordinate all monthly and annual financial processes for the local entity
- Liaise with external financial consultants, ensuring adherence to all agreed timelines on deliverables (monthly accounting calendar), checking reconciliations, accurate recording in ledger and comprehensive and clear filing of all records and supporting documents.
- Ensures that all balance sheet accounts are reconciled monthly and a system of internal controls is in place and followed to facilitate a clean audit opinion with no audit adjustments or internal control deficiencies noted. i.e., of internal controls; verifying the month end cash counts, reviewing monthly account reconciliations for balance sheet accounts, verifying the reconciliation between physical Inventory and ERP inventory values and ensuring the Fixed asset register is accurate
- Identify new metrics to drive business performance relative to strategic priorities while minimizing risk
- Develop strategies to increase cash flow forecast with the Country Director to ensure availability of cash annually.
- Serve as lead liaison with banks, negotiating minimum costs on transactions and FX
- Produce monthly financial reports and interpret financial information to managerial staff while recommending further courses of action
- Ensure supporting documents to grantors/financiers and other strategic partners are maintained and available as requested
- Responsible for overseeing the end of year annual external audit and ensuring findings from the audit management letter are addressed.
- Provide support to business heads in implementing financial plans and productivity benchmarks, and to monitor progress toward financial goals i.e., financing projects for and by third parties.
- Oversee operations of the local finance function
- Plan, assign, and review work of staff to ensure that group objectives are met. Hire, train, develop and manage staff to ensure that a qualified staff exists to meet group objectives
Tax & Regulatory Compliance:
- Ensure proper corporate governance practices including compliance with applicable Corporate Governance Code(s), statutory and other regulatory requirements.
- Verify that tax filings – VAT, PAYE, Withholding Taxes, NASSIT calculations, corporate income taxes are accurate and are filed before the statutory due dates
- Ensure regulatory and tax compliance with the relevant regulators to ensure optimal planning. Register and renew dues & payments to statutory agencies
- Ensure adequate budgeting systems for both operating and capital budgets
- Manage memberships and registration to industry-specific, statutory organizations & subscriptions
- Serve as lead liaison with NERC, especially on tariff and regulatory matters in conjunction with the Country Director.
- Prepare, publish and update a compliance tracker capturing compliance requirements for project, contract, industry, investor, regulatory, specific
Business Growth and Support:
- Ensure support for Business Units to ensure alignment with contracting, procurement and operational outlook.
- Drive cost optimization strategies are for implementation across various cost lines.
- Design and influence adoption by the Finance (and other relevant) team of tools for local management information and reporting purposes.
- Identify and track financial KPIs across core business functions with the goal to build on performance delivery quarter-on-quarter.
- Support Procurement Team on identifying and securing vendors and suppliers with better payment terms for core business component delivery.
- Support business growth and continuous cost & quality improvements in the business.
Minimum Qualification
Does this sound like you?:
- A Graduate of Accounting, Economics, Finance or similar course of study, an MBA is a plus.
- At least 4-7 years of financial management, accounting or audit experience
- ACA, ACCA, or CIMA qualifications are compulsory
- Working knowledge of accounting concepts, GAAP and IFRS
- Experience in Financial modelling, financial planning and analysis.
- Knowledge of ERP (Tally)
- Experience of working in dynamic high growth entrepreneurial/ start up organizations.
- You are able to manage a team, and work under pressure
- You are self-driven and goal oriented.
- You are detailed and meticulous
- You have great presentation and communication skills
General Skills & Attributes:
- Solid proficiency in Microsoft Office, especially Excel, SAP, and/or other financial and enterprise planning and management software.
- Excellent financial planning and modelling skills with strong knowledge of financial operations procedures.
- Analytical thinker with strong conceptual and problem-solving skills.
- Proven proactive approach to financial management and regulatory compliance.
- Ability to process large amounts of data and convert to useful business information and recommendations.
- The ability to evaluate and convey complex information to others in an effective manner through persuasive communication, negotiating skills and clear presentation skills in both verbal and written contexts.
Additional Information:
- You are driven to support the delivery of business growth in a new market.
- You are an effective planner and have a strong orientation to process
- You building strong relationship built on trust, and are a strong verbal communicator
- You pride your communication skills.
- Most importantly, candidate must fit company spirit where people work smart, play hard, have fun and are dedicated to success.
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