Finance Lead

Role Overview

The core focus areas for the Finance Lead include:

• Accuracy and Compliance: Ensuring that all financial transactions are recorded correctly, accurately, and in compliance with international accounting standards (IFRS), tax laws, and other regulations.
• Internal Controls: Designing, implementing, and monitoring internal controls to safeguard company assets, prevent fraud, and ensure the reliability of financial data.
• Financial Operations: Overseeing the day-to-day accounting functions, including accounts payable, accounts receivable, payroll, general ledger, tax compliance, and fixed assets.
• Team Leadership: Managing and developing the accounting team (Accountant/Bookkeeper).
• Financial Reporting: Ensuring financial and management statements are developed to be insightful and world-class in their contribution to decision-making.

Detailed Responsibilities

Financial Oversight

• General Ledger Management: Maintaining the integrity of the general ledger, ensuring proper chart of accounts, and accurate journal entries.
• Budget Management: Lead quarterly budgeting process and provide ongoing guidance to team heads, ensuring effective development and monitoring of operational and capital expenditure budgets.
• Financial Leadership: Provide strong leadership and guidance to the accounting function, driving the formulation and implementation of a robust financial strategy aligned with company objectives.
• Financial Forecasting: Drive quarterly forecasting by analyzing performance variances and market trends to update financial projections and support strategic decision-making.
• Financial Modeling: Develop and maintain financial models to project long-term financial performance, aiding risk assessment, funding acquisition, and overall strategic planning.
• Financial Reporting & Analysis: Prepare and analyze accurate financial statements (income statement, balance sheet, cash flows) in accordance with accounting standards, identifying key trends and performance indicators relevant to DAC operations.
• Compliance & Stakeholder Communication: Generate comprehensive financial reports for internal management, investors, lenders, and regulatory bodies, ensuring full compliance with all applicable legal and accounting requirements.
• Performance Analysis: Monitor key performance indicators (KPIs), analyzing variances between actual and budgeted results, and providing insights to management to improve efficiency and achieve financial targets.
• Tax Compliance: Ensure compliance with all applicable tax laws and regulations.

ERP Management and Integration (Syspro)

• System Administration and Configuration: Overseeing the day-to-day administration of the ERP system, customization to meet Octavia’s internal workflows and operational needs.
• Data Management: Ensuring the accuracy and integrity of financial data within Syspro by developing and maintaining data pipelines for secure server backup.
• Process Optimization: Leveraging Syspro functionalities to streamline financial processes, automate routine tasks, and improve efficiency (e.g., automated invoice processing, electronic payment workflows).
• Report Generation: Designing and generating customized financial reports and dashboards within Syspro to provide real-time insights into operational and financial performance.
• User Training and Support: Providing training and support to finance team members and other users on how to effectively use Syspro for financial tasks.
• Upgrades and Implementations: Participating in or leading ERP system upgrades and the implementation of new Syspro modules to support the evolving needs of the DAC company.
• Troubleshooting: Identifying and resolving any financial system-related issues within Syspro.

Qualifications and Requirements

• Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Certifications: CPA–K and/or ACCA certifications.
• Experience: 4 - 7 years of experience in finance control and accounting; experience working with Syspro ERP.
• Skills: Demonstrated experience in preparing and analyzing financial statements; proficiency in MS Excel and financial reporting tools; strong numerical and analytical skills; excellent attention to detail and data accuracy; excellent communication and interpersonal skills; ability to work independently and collaborate in a team; demonstrated problem-solving abilities and critical thinking.
• Personal Attributes: Highly organized with a proactive approach to problem-solving; adaptable and willing to learn new financial practices; demonstrates integrity and confidentiality in handling sensitive information.