Chief Finance Officer at an FMCG Company - Novella Africa Limited

Novella Africa Limited - Our client, a leading company in FMCG industry, with strong commitment in the manufacturing of fruit juices and drinks, is recruiting to fill the position below:

Job Title: Chief Finance Officer

Job ID.: ZR_42_JOB
Location: Apapa, Lagos
Employment Type: Full-time

Responsibilities
General Accounting:

• Oversee financial and accounting processes to ensure compliance with Corporate and local policies, statutory requirements, and IFRS. Maintain ethical standards with unyielding integrity.
• Lead the smooth implementation of the company’s financial solutions and applications including SAP
• Serve as the primary contact with independent auditors and audit-related accounting matters.
• Manage administration of accounts receivable, accounts payable, inventory control accounting, and payroll.
• Oversee the month-end close process to ensure timely closure and financial report preparation.

Budgetary Function:

• Preparation of annual budgets - Profit & Loss, Cash Flow & Balance Sheet.
• Analyze and report variances - Propose and implement remedial action.
• Estimate the requirement of funds - short-term and long-term.

Financial Management Reporting and Cost Control Function:

• Implement financial controls and develop financial management mechanisms to minimize financial risk. Maintain a documented system of accounting policies and procedures.

Manage the company's financial reporting systems:

• Produce accurate financial reports to specific deadlines including:
  • Monthly management accounts
  • Flash reports
  • Working capital
  • Board & Investor Packs
• Analyze, interpret and report operating results and make specific recommendations to achieve cost-effectiveness and profit improvements.
• Provide gross profit reporting, analyses, and forecasting.
• Anticipate management needs and develop analyses in response to those needs and in support of management decisions.

Balance Sheet and Assets Management Function:

• Work with operating personnel to achieve effective balance sheet and assets management.
• Oversee development and carrying-out of inventory control procedures, including physical stock-take and audit.
• Account for and maintain proper inventory reserves for Excess, Expired, and Obsolete Inventory.
• Review assets register to keep track of and safeguard company assets.
• Cash Flow Management & Control Function
• Daily control of elements affecting working capital.
• Oversee operational cash management and cash flow forecasting.

Audit Function:

• Oversee preparation of financial accounts for auditing purposes.
• Oversee annual audits.
• Liaising with auditors to ensure that annual monitoring is carried out effectively.
• Conduct internal audits
• Control Function
• Develop and implement accounting policies, procedures, and internal controls in support of business processes and decisions.
• Ensure all activities comply with relevant Acts, legal demands, ethical standards, and the internal management policies.
• Review the preparation and submission of company statutory documents

Requirements

• First Degree in a relevant field (Accounting / Business Management)
• Professional certification is required (ACA, ACCA, FCA)
• A Post-graduate Degree or MBA will be an added advantage.
• Strong commercial finance experience.
• Minimum of ten (10) years of relevant work experience.
• Previous experience as a Financial Controller in Beverage/FMCG industry is essential.
• Outstanding oral and written communication skills.
• Demonstrated ability to evaluate and balance team and individual workloads.
• Negotiation skills, analytical skills, and ability to multitask.

Application Closing Date
17th August, 2022.