Finance Manager

Position: Finance Manager
Company: CWAY NIGERIA DAIRY INDUSTRIES CO. LTD
Main Tasks, Duties, and Responsibilities
 Prepare the Annual Business Budget in collaboration with all business units and
functions, and submit it to the Board of Directors for approval as per the
schedule.
 Prepare the Mid-Year Business Budget together with all business units and
functions, and submit it to the Board of Directors for approval as per the
schedule. The mid-year budget should ensure alignment with the company’s
objectives for revenue, sales volume, and profit growth.
 Manage the monthly, half-yearly, and yearly consolidated profit and loss account
of the company to achieve budget targets, along with individual profit and loss
accounts of different business units through GMs/BU Heads.
 Develop high-quality SOPs with the team to improve and sustain efficiency in key
finance operations.
 Oversee the company’s financial performance, including asset management,
cash flow, banking relations, SAP management, risk management, audits, and
investments.
 Ensure periodic stock audits and take necessary steps for improvements.
 Conduct monthly, half-yearly, and yearly financial analysis for the business group.
 Develop job descriptions for all positions in the finance department through HR
and design an efficient KPI system for all roles, utilizing a matrix management
approach.
 Establish and enforce an Authorization Management System, empowering the
team to make timely and effective financial decisions.
 Analyze financial challenges and provide solutions to ensure smooth operations
and growth within the finance department.
 Organize and lead financial management, including cost management, budget
planning, accounting, audit supervision, and inventory control, to strengthen the
company’s financial standing and improve economic benefits.
 Oversee the execution of internal audit activities to ensure financial accuracy and
compliance.
 Ensure the company’s compliance with national financial laws, regulations,
guidelines, and policies, safeguarding shareholders' rights and interests.
 Review and analyze major financial contracts and agreements and provide
recommendations for strategic financial decisions.
 Serve as the company’s representative in financial matters, maintaining strong
relationships with external departments and institutions.
 Prepare monthly, quarterly, half-yearly, and yearly financial statements.
 Ensure tax compliance with accurate projections based on business volume and
proper financial record-keeping.
 Manage and oversee the organization’s taxation affairs, liaising with external tax
firms for specialized advice.
 Ensure all external agencies are handled efficiently, preventing any legal or
administrative issues that could damage the company’s reputation or lead to
financial burdens.
 Manage relationships with external auditors, ensuring compliance with

accounting standards and regulations.
 Manage hedging and foreign currency transactions, if applicable.
 Oversee the company’s banking and borrowing arrangements.
 Ensure funds are available for purchases (both international and local) to sustain
business operations.
 Ensure adequate funding is allocated for new projects, including ordering
equipment and initiating project startups.
 Manage fund transfers between different bank accounts and maintain strong
relationships with banks to facilitate loans and financial transactions.
 Ensure accurate accounting to prevent financial losses and verify the adequacy
of all payments.
 Assess financial risks and implement mitigation plans, including insurance
coverage for warehouses and other company assets.
 Implement risk management frameworks to ensure the business has a solid
financial risk strategy in place.
 Provide financial recommendations and best practices to optimize revenue
generation and cost reduction.