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Lancaster University Ghana is a partnership between Transnational Academic Group and Lancaster University, UK. Our campus is a branch campus of Lancaster University, UK. We provide excellent and inspiring teaching and places great emphasis on a strong student experience, employability and gives students access to academics who are experts in their field. Lancaster University Ghana offers the exact same degree to the degrees offered at our Lancaster University main campus in the UK. This means that you will be awarded the same qualifications - as if you were studying at the main campus.

Job Description

• Finance: the role entails the overseeing of financial record keeping, company legal and secretarial compliance for all group entities
• Treasury/Banking: Oversee and monitor cash management and banking function and cash flows for all entities.   
• Financial Strategy: Participating in new business development efforts, and ensuring that all new business efforts are aligned with the strategy, risk and compliance portfolio of the Company.
• Governance: Ensure compliance of all financial policies, statutory audits and take actions in the best interest of company.
• Reporting: the position requires collaboration across departments and reports directly to the Vice Chairman/Board of Directors and administratively to CEO’s.

• Oversee the Finance department and ensure all reporting is done in terms of International Financial Reporting Standards (IFRS);
• Prepare financial statements; oversee audit for operating entities and at group level and report back to board of directors;
• Consolidate financial statements at group level;
• Preparing budgets, monitoring actual performances and reporting variances;
• Review and formulate accounting and financial procedures, policies and practices;
• Ensure that all companies have complied with the requirements of all the relevant tax authorities;
• Coach and mentor finance staff members;
• Establish and implement short and long range finance departmental goals, objectives, and policies and improve operating procedures;
• Review contracts to ensure the company’s risk exposure is minimised and that all contracts are financially sound;
• Ensure all insurances are prepared and renewed as per all statutory and contractual obligations of the company;
• Ensure that all rebates and other exemptions under the law for educational institutions are properly filed and documented;
• Ensure that all variations to any agreement follow due process and after approval from Board are properly documented;

• Forecast 12 month cash flow positions, related borrowing needs, and available funds for investment and report requirements to the Board;
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements;
• Use best practices to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions;
• Maintain banking relationships;
• Assist in determining the company's proper capital structure;
• Arrange for working capital and debt financing as approved by the Board;
• Make recommendation to the Board on investing the available funds to avail best returns.

• Manage processes for financial forecasting, budgets and consolidation and reporting to the Company
• Provide recommendations to strategically enhance financial performance and business opportunities.
• Ensure that effective internal controls are in place and ensure compliance with IAS & IFRS and applicable local regulatory laws and rules for financial and tax reporting;
• Provide Executive Management with advice on the financial implications of business activities;
• Evaluate viability of business plans regarding business expansion and operational efficiencies;
• Interact with Executive Management to provide support and recommendations through financial and management information analyses and reports.

• Be responsible for the statutory audit of the company and ensure a clean audit report;
• Ensure compliance of all financial policies;
• Responsible for all internal and external financial filing requirement and reporting all non-compliance;
• Report any material matters relating to the Founders and Board as soon as they occur;
• Ensure all financial reports are prepared and submitted to the Board well in time before Board meetings;
• Take all actions in the best interest of the Company;

Required Skills or Experience