Vacancy!!! Finance Officer at Tongston Entrepreneurship Holdings

Tongston is a pan-African group of companies connecting entrepreneurship and education through finance, media, consulting and training. Tongston, with special focus on secondary education, partners with educators, parents, students, profit and non-profit enterprises, social influencers, investors and government, whilst leveraging on media, learning and finance, to transform secondary schools into entrepreneurship institutes, secondary teachers to entrepreneurial educators and secondary students to entrepreneurial learners.

We are recruiting to fill the position of:

Job Title: Finance Officer

Location: Abuja (FCT)

About the Role:
The Finance Officer is responsible for assisting with the preparation of financial statements, maintaining cash controls, supervising and managing  payroll with close liaison with the Admin and HR function, approving and settling expenses claim, cash advance etc. maintaining accounts payable, managing the Company’s income and expenditure, producing the organization’s budget, liaising with the Business Development and Corporate Communications team to produce the Company’s annual report, liaising with auditors to audit the Company’s accounts and file returns with the Corporate Affairs Commission. The Finance Officer would administer and monitor the financial system in order to ensure that the Company finances are maintained in an accurate, transparent and timely manner, and support financial planning, modelling and forecasting.  The Finance Officer shall manage fundraising process with third party investors and fundraising roadshows in close coordination with the business development team.

Roles and Responsibilities

• Maintain and keep financial records of all the Company’s activities
• Manage the disbursement of funds for all activities and other general administrative functions of the Company
• Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives
• Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion
• Develop financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans
• Manage processes for financial forecasting, budgets and consolidation and reporting to the Company
• Ensure that effective internal controls are in place and ensure compliance with IFRS and applicable federal, state and local regulatory laws and rules for financial and tax reporting
• Manage financial controls and accounting procedures
• Provide advice on how to increase revenue and reduce costs
• Maintain speed and accuracy of billings and client payments
• Coordinate and produce all tax documentation
• Develop corporate financial model for the Company
• Manage fundraising process with third party investors
• Lead fundraising roadshows in close coordination with the business development team
• Perform risk management by analyzing the organization’s liabilities and investments
• Control and evaluate the organization’s fundraising plans and capital structure
• Set up and oversee the company’s finance IT system
• Implement and update financial policies and procedures following board approval
• Reconcile the general ledger
• Prepare and reconcile financial statements
• Establish and maintain vendor accounts and relationships
• Review, Approve and Pay expenses claim, business requirements, cash advances, minimum cash balance and other expenditures
• Document income and expenditure
• Ensure appropriate budget is provided for programs and other activities
• Manage requests for extra-budgetary expense
• Prepare income statement, balance sheet and cash flow statements
• Manage annual audit process with auditors
• File annual returns with the Corporate Affairs Commission
• Manage company accounts and maintain financial files and record.

Education / Experience

• Bachelor’s degree in any discipline preferably in the management sciences and quantitative degrees (e.g. statistics, accounting, finance, mathematics)
• Additional qualification such as ACCA or ICAN is a requirement where the bachelor’s degree is not in the preferred courses above
• A Chartered Financial Analyst qualification or equivalent will be a plus
• Minimum of 3 years of relevant experience
• Experience with Microsoft Excel, Powerpoint and Word

Required Skills
The candidate should demonstrate competence in all of the following:

• Financial Planning and Strategy
• Managing Profitability
• Strategic Planning and Vision
• Process Improvement
• Forecasting
• Corporate Finance
• Developing Budgets
• Financial Skills
• Dealing with Complexity
• Understanding ethical business practices and ensure that own behavior and the behavior of others is consistent with these standards and aligns with the values of the organization
• Building Relationships
• Effective Communication
• Teamwork
• Organizational skills
• Problem solving
• Strategy skills

Application Closing Date

30th October, 2020

Method of Application

Interested and qualified candidates should send their Cover Letter & CV to: [email protected] using the Job Title as subject of the email.

Note: Shortlisted Candidates will be invited to a series of competency-based tests, interviews and assessment centres

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