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Financial Controller at AfyA Care Nigeria

AfyA Care Nigeria is set up to invest in and grow brownfield healthcare assets (Hospitals, Health Insurance and Health-tech) in Africa, using Lagos, Nigeria as launch pad.

 Job Title: Financial Controller

Location: Lagos

Employment Type: Full Time

Reports to: COO and CFO

Summary

We seek a Financial Controller to oversee the finance and accounting department of our hospital investee company. The Financial Controller will be responsible for the performance of a variety of duties including, working capital management, treasury, transaction processing, reporting, planning and compliance. 


Core Functions/Responsibilities 


Management

• Manage the operations of the finance and accounting department of the hospital.

• Develop and implement finance and accounting policies, processes and procedures in line with leading practices.

• Maintain a documented system of accounting policies and procedures.

 • Oversee the activities of any supplier to which functions have been outsourced.

 • Oversee the finance and accounting department of hospital subsidiaries/spokes (where applicable).


Treasury and Working Capital Management 


• Ensure adequate funding is available to meet ongoing operational and capital investment requirement through effective working capital management.

 • Proactively manage cashflows and implement treasury management best practices.


Transactions  


• Verify all expense claims to certify correctness and ensure that all appropriate supporting documents have been provided.

• Record cash receipts in a timely manner and deposit them promptly.

  • Ensure that all cash and cheque payment requests are duly completed, certified and approved by authorized staff and all necessary supporting documents are provided before payment is done.

• Ensure invoices are issued as soon as services are rendered to customers.

 • Oversee the prompt collection of account receivables.

• Maintain banking relationships.

• Prepare monthly bank reconciliation for all bank accounts.

• Make scheduled debt payment as needed.

• Process payroll information and issue compensation payment to employees when due.

• Maintain records of all expenses and entries into their ledgers and reconciliations of the ledgers.

 • Maintain an orderly filing system for all hard copies of source documents, including a system of document archiving and destruction.

• Maintain a comprehensive system of control over all accounting functions.


Reporting 


• Coordinate and oversee the timely preparation of monthly management accounts and financial reports.

• Supervise the preparation of consolidated financial statement accounts for Hospital and subsidiaries/spokes in accordance with acceptable IFRS standards.

• Prepare various financial analysis and management report.

• Provide valuable analysis and insightful review of financial results and value drivers.

• Measure financial and operational performance of the business and report to management.

• Engage in benchmarking studies to establish areas of potential operational improvement.

• Identify key business metrics and report on them to the management.

• Identify financial risks and assess the long-term effect of risk using scenario analysis.

• Provide information needed by external auditors in the preparation of audited financial statement.

Planning 

• Coordinate the creation of the annual budget.

 • Calculate and report reasons for variances between actual and budgeted results to management.

• Assist management in the formulation of its overall strategic direction. 

Compliance 

• Monitor the company’s compliance with debt covenants and report any breach to management.

• Manage regulatory payments – PAYE, Pension, WHT and Tax filings.

• Supervise and monitor compliance with relevant tax laws.


How to Apply

Interested Applicants should apply online at AfyA Care Nigeria.

Good Luck!!!

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