Financial Controller

Job Description : FC NIGERIA African MNC Skills & Knowledge: Good communicator, inclusive but no limited to good oral and written English with strong multicultural awareness. Excellent leadership skills capable of leading team and work with business head to provide complete understanding of the numbers & profitability direction of the business. Demonstrated experience as a business partner in driving controls, compliance and performance while improving the business processes to ease business operations. Expertise in process & cost accounting. High degree of analytical approach on Financials & Budgeting (Actuals vs. Budgets). Managing day to day tracking of key result areas, working capital requirements for the business. SAP and Advanced Excel & Power Point Skills & other office tools. Job Scope / Impact: Meeting Critical Business Challenges & monitor daily business performance. Integrating Financial and Business Data. Provide insightful business information reports, with critical analysis, to business head to help achieve business targets & take meaningful business decisions. Drive cost cutting initiatives and create cost cutting culture in the product division. Gain Flexibility and Agility to work closely with business team, understand business operations. Good understanding of Commodity & Currency hedging requirements. Financial Accounting Accounting policies’ compliance – ensuring accounting policies are in place & effectively adhered to for product division in line with IFRS requirements. Control & reconcile revenues, receivables, inventories, advances, and miscellaneous income, to make sure they are no abnormalities & reconciled with business teams. Working with Corporate teams to ensure accuracy & timely preparation of monthly relevant balance sheet reconciliations & schedules to meet corporate accounting requirements. Monthly review of PL and Balance sheet schedules to ensure cleanliness of product financial accounts. Understanding of Nigerian Import & Export trades, Custom Duty, VAT, WHT and other statutes. Implements/Supervises Internal Controls: Own product data. Collaborate with the business teams & business heads and take responsibility for the collection and governance of financial and management reporting information for the product division. Assure relevance and completeness of business policies and procedures for the functional areas of the business. Initiate periodic updates of financial policies and procedures. Request audits that provide assurance of compliance with financial policies and procedures for product division. Responsible for compiling: Weekly product reviews and reports Month close, MIS & reporting to corporate for product MIS Reconciliations of product schedules M2M and BRM compilation for product division Implement automated system controls in SAP for smooth workflow across multi locations. Managing imports, Form M’s. LC’s and other regulatory requirements/covenants with banks & other external stake holders. Financial Planning & Projections: Co-lead with the Business Head to prepare Annual Operating Plan (AOP) and provide insightful information on key value drivers. Issue the AOP calendar so that each location/ branch manager will prepare its annual comprehensive budget in a timely manner and present it to the Business Head for approval. Proactively advise Business Head on Risks & Opportunities (R&Os) to the attainment of the AOP (i.e. Latest Estimates, Outlooks) and working closely with business team to mitigate risks while realising opportunities. Prepare financial model & analyse financial feasibility of launch of new products or location that those decisions are in line with company’s business strategy with appropriate ROI’s. Treasury: Provide/review daily/ weekly/ monthly working capital projections and coordinate with CFO/Banks for funds planning. Manage forex positions as per the agreed limits & increase efficiency with proper planning. Support business head to reduce working capital cash to cash cycle. Work closely with CFO and corporate banking team to help manage funds to eliminate idle floats, if any Build constructive relationships with banks. Product MIS Reporting: Assure monthly MIS is generated with qualitative analysis within the deadlines & discussed with business head before submitting to Group CFO. Support CFO for year-end closing & preparation for annual audit. Analyse the financial information – PL, Balance sheet and M2M – to match it with expected product profitability. Bring out key variances that have occurred between months and discuss with Business head and presented to CFO & Group CFO. Review the key metrics (agreed with management) relevant for the business and put up analysis for discussions with Business head & management team. Prepare product BRM report & analysis with relevant business outlook and information to be presented & discussed with management. Operations and Risk review Monitor product VaR position limits & ensure strict compliance of all approved risk limits. Review capital expenditure proposals and provide with a proper justification and return parameters. Ensure compliance to capital expenditure policy. Follow up on actual expenditure vis-à-vis approved capex plan and report with critical analysis. Monitor & follow-up receivables, advances, inventory, and other current assets, etc. Arrange regular recons of inventory, analyse the receivables, fixed assets, and liability position. Monitor weekly fund reconciliations for product branch locations. Travelling to factory and upcountry branch locations to review and strengthen the processes. Desired Profile: CA’s with 10+ years of work experience and out of which 4 to 5 years in managing the large trading / FMCG / Manufacturing business. Exposed to best practices and commodity accounting procedures/ trade practices, manufacturing experience, help business head to achieve sales & profit targets / outcomes while maintaining requisite internal controls, credit risk controls, position management, M2M Accounting, etc. Expert knowledgeable of IFRS along with its right application in finalizing Monthly, Quarterly & Annual Financial Statements. High degree of SAP knowledge and office tools understanding as well as their business implications Ample experience in leading and working across functions as a business partner while keeping the finance rigour and accountability Experience in coordinating with external (Big 4) & internal auditors of company, ensuring the proactive and progressive attainment of business objectives and providing support to get the corrective actions on the observations to business head. Team management and development. Identify skill gaps and impart training and making them ready for the immediate role and the next potential role. Compensation: Net Savings around $4000 - $4500 + Accommodation + Food + Transport + All Expat Benefits

---

Back