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.
Net Savings around $4000 - $4500 + Accommodation + Food + Transport + All Expat Benefits
