Financial Manager

Company overview:

Seinde Signature is a leading name in the world of luxury niche parfums, renowned for its dedication to showcasing and celebrating exclusive fragrances from around the globe. As a world-class fragrance studio, we are passionate about spreading the appreciation of these unique scents, creating an environment where perfume lovers and collectors can explore, experience, and immerse themselves in the world of luxury niche parfums.

Our Experience Studio and retail store, Salon de Parfum, are more than just outlets, they are destinations where the art of perfumery is celebrated. At Seinde Signature, we pride ourselves on offering an unparalleled sensory experience, allowing customers to revel in the beauty and complexity of the finest fragrances the world has to offer.

Job Description:

The Financial Manager at Seinde Signature will be responsible for overseeing and managing the company's financial health. This role involves strategic financial planning, analysis, and reporting to ensure optimal financial performance and compliance with regulatory requirements. The Financial Manager will collaborate closely with leadership to drive profitability, manage budgets, and provide insights to support business growth while maintaining the sophistication and excellence synonymous with the Seinde Signature brand.

Key Responsibilities

Financial Strategy, Analysis and Planning

• Develop, implement, and continuously refine short-term and long-term financial strategies to align with the company's business objectives, vision and market trends.
• Provide financial insights and analysis to guide strategic decision-making and business growth initiatives.
• Collaborate with management to provide financial insights that influence strategic decision-making, business growth initiatives, expansion plans, and operational efficiencies.
• Evaluate financial performance against strategic goals, providing actionable recommendations for improvement.
• Perform financial modeling and analysis to assess investment opportunities, capital expenditures, and business growth strategies

Accounting and Reporting

• Oversee daily financial operations, ensuring the accurate recording of transactions and maintenance of the general ledger.
• Prepare detailed monthly, quarterly, and annual financial statements and reports, including performance analyses and variance explanations ensuring compliance with regulatory standards.
• Ensure timely filing of all statutory reports and tax returns, maintaining compliance with local laws and regulations.

· Manage the company’s cash flow, working capital, and financial risk by monitoring and optimizing liquidity.

Budget and Cost Management

• Develop comprehensive annual budgets in coordination with department heads, ensuring alignment with organizational objectives.
• Conduct regular reviews of budget performance, identifying variances and implementing corrective measures to maintain financial discipline.
• Provide detailed forecasts and scenario analyses to support planning and decision-making processes.
• Monitor expenditures to identify areas for cost reduction without compromising operational efficiency or quality.

Risk Management and Compliance

• Identify potential financial risks, such as liquidity constraints, market fluctuations, or regulatory changes, and develop mitigation strategies.
• Ensure adherence to financial policies, regulatory standards, and audit requirements to maintain organizational integrity and trust.
• Liaise with external auditors, tax consultants, and financial regulators to ensure seamless audits and compliance processes.
• Evaluate and update risk management policies regularly, ensuring relevance to current operational and market conditions.
• Ensure timely and accurate reporting of financial information to internal stakeholders and external regulatory bodies.

Team Leadership and Collaboration

• Foster collaboration between the finance department and other teams, ensuring financial alignment across all business functions.
• Act as a trusted advisor to other departments, providing financial insights to support marketing, sales, and operational strategies.
• Create a culture of accountability and continuous improvement within the finance team.

Cash Flow and Treasury Management

• Monitor daily cash flow to ensure sufficient liquidity for operational needs while optimizing investment opportunities.
• Develop and maintain relationships with financial institutions to secure favorable terms for banking, loans, and credit facilities.
• Manage accounts receivable and payable to maintain healthy cash conversion cycles and reduce financial risks.
• Assess and implement strategies for capital allocation, ensuring the company’s resources are used effectively.

Technology and Process Improvement

• Evaluate and implement financial software and tools to streamline operations, improve accuracy, and enhance reporting capabilities.
• Automate routine financial processes to increase efficiency and reduce errors.
• Regularly review and update financial policies and procedures to reflect best practices and organizational needs.

Job Description: Financial Manager

Company Overview
Seinde Signature is a renowned luxury niche parfums studio dedicated to celebrating the art of perfumery. With our flagship Experience Studio and Salon de Parfum at the Oriental Hotel, Victoria Island, Lagos, we provide an exceptional sensory journey for perfume enthusiasts and collectors. At Seinde Signature, we are committed to excellence in all aspects of our business, ensuring our operations reflect the sophistication and elegance synonymous with our brand.

Job Summary

The Financial Manager at Seinde Signature will oversee the company’s financial health by managing budgets, analyzing financial performance, and ensuring compliance with regulatory standards. This role will focus on strategic financial planning, risk management, and providing actionable insights to support business growth. The Financial Manager will collaborate closely with leadership to drive profitability, maintain financial discipline, and uphold the sophistication and excellence associated with the Seinde Signature brand.

Key ResponsibilitiesFinancial Strategy, Analysis, and Planning

• Develop, implement, and refine short-term and long-term financial strategies aligned with Seinde Signature’s business objectives and market trends.
• Provide financial insights and analysis to guide strategic decision-making, business growth initiatives, and expansion plans.
• Collaborate with leadership to influence strategic decisions, enhance operational efficiencies, and evaluate investment opportunities.
• Perform financial modeling and analysis for assessing capital expenditures, business growth strategies, and risk management.

Accounting and Reporting

• Oversee daily financial operations, ensuring accurate recording of transactions and maintenance of the general ledger.
• Prepare detailed monthly, quarterly, and annual financial statements and reports, including performance analyses and variance explanations, ensuring compliance with regulatory standards.
• Ensure timely filing of statutory reports and tax returns, maintaining compliance with local laws and regulations.
• Manage the company’s cash flow, working capital, and financial risk by monitoring and optimizing liquidity.

Budget and Cost Management

• Develop comprehensive annual budgets in coordination with department heads, ensuring alignment with organizational objectives.
• Conduct regular reviews of budget performance, identifying variances and implementing corrective measures to maintain financial discipline.
• Provide detailed forecasts and scenario analyses to support planning and decision-making processes.
• Monitor expenditures to identify areas for cost reduction without compromising operational efficiency or quality.

Risk Management and Compliance

• Identify and manage potential financial risks, including liquidity constraints, market fluctuations, and regulatory changes.
• Ensure adherence to financial policies, regulatory standards, and audit requirements to maintain organizational integrity and trust.
• Liaise with external auditors, tax consultants, and financial regulators to ensure seamless audits and compliance processes.
• Evaluate and update risk management policies regularly to ensure relevance to current operational and market conditions.
• Ensure timely and accurate reporting of financial information to internal stakeholders and external regulatory bodies.

Team Leadership and Collaboration

• Foster collaboration between the finance department and other teams to ensure financial alignment across all business functions.
• Act as a trusted advisor to other departments, providing financial insights to support marketing, sales, and operational strategies.
• Create a culture of accountability and continuous improvement within the finance team.
• Lead, mentor, and develop the finance team to achieve high performance and professional growth.

Cash Flow and Treasury Management

• Monitor daily cash flow to ensure sufficient liquidity for operational needs while optimizing investment opportunities.
• Develop and maintain relationships with financial institutions to secure favorable terms for banking, loans, and credit facilities.
• Manage accounts receivable and payable to maintain healthy cash conversion cycles and reduce financial risks.
• Assess and implement strategies for capital allocation, ensuring the company’s resources are used effectively.

Technology and Process Improvement

• Evaluate and implement financial software and tools to streamline operations, improve accuracy, and enhance reporting capabilities.
• Automate routine financial processes to increase efficiency and reduce errors.
• Regularly review and update financial policies and procedures to reflect best practices and organizational needs.

Problem Solving

• Proactively address financial challenges, identifying issues and implementing innovative solutions to optimize performance.
• Collaborate with cross-functional teams to resolve complex financial problems, ensuring alignment with business goals and objectives.

Skills and Qualifications

Education

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• A professional certification (e.g., ACCA, CFA, ICAN) is highly preferred.

Experience

• A minimum of 5 years of experience in financial management, preferably within the luxury retail or hospitality industry.
• Proven experience in budgeting, financial planning, analysis, and risk management.

Skills

• Strong analytical and problem-solving skills with attention to detail.
• Excellent communication and interpersonal skills for effective collaboration.
• Proficiency in financial software and tools (e.g., ERP systems, financial modeling tools), with advanced Excel skills.
• Strategic thinking with the ability to translate financial data into actionable business insights.

Personal Attributes

• High level of integrity and professionalism with a commitment to excellence.
• Self-motivated, results-oriented, and adaptable to changing business needs
• Adaptability to a dynamic and fast-paced environment.

Working Conditions

• Location: Seinde Signature Experience Studio and Salon de Parfum, Oriental Hotel, Victoria Island, Lagos.
• Hours: Full-time position with flexibility, including occasional weekends and holidays, as required.

Job Type: Full-time