Financial Controller at Fadac Resources and Services Limited

Fadac Resources and Services Limited - Our client is an indigenous private sector player with 3 decades of experience in Nigeria. They are into manufacturing, FMCG, and integrated agricultural value chain group With five Subsidiaries (Agrosciences, Lifecare, Agro-Allied, Gossy Warm Spring, and Oil Palm) and two Joint Ventures.

They are recruiting to fill the position below:

Job Title: Financial Controller

Location: Lagos
Employment Type: Full-time

Job Responsibilities
Business Planning and Financial Strategy:

• Financial Controller is responsible for the assessment of the group performance against both the annual budget (in line with the levers of control) and the Group approved Plan.
• The Financial Controller is responsible for ensuring that all foreign currency payments are made in accordance with contracted terms and budgeted exchange rates.
• Responsible for periodic Macro-Economic Analysis to help review the Group’s strategic assumptions and advice on redress measures where necessary.
• Develops tools and systems to provide critical financial and operational information to the Finance Team and provides actionable recommendations on both strategy and operations.

Financial Control and Risk management:

• Identify risks and possible bottlenecks in the Group Operations and report on possible impact on all aspects of operations.
• Ensure there is strict adherence to all procedures and policies in daily activities.
• Manage open positions arising from foreign currency transactions and ensure that limits set are adhered to.

Cash Flow Management:

• Manage the Cash Flow Planning Process and report actual cash flow performance. Identify possible funding gaps and advise on funding sources.
• Optimize and Manage banking relationship especially on effective management of any Loa
• Execute appropriate strategies to monitor and control all financial activities that critical to timely completion of the group

Financial Reporting and General Administration:

• Responsible for the seamless and real-time running of the financial reporting processes to aid the speed of service delivery to both internal and external parties. Provide real-time and reconciled, accurate financial information by 3rd day after month-end. Report the actual financial Performance and compare it with the Control Levers.
• Manage any financial interface for the Group and ensure proper accounting records exist to validate transactions and balances.

Insurance and Tax Affairs:

• Manage the group’s Insurance Portfolio well to ensure that all identified insurable risks are duly covered by adequate insurance from reliable & credible Underwriters, premiums are promptly paid and that all insurance claims are promptly settled.
• Ensure full compliance with all Federal, State and local government tax regimes and reporting requirements in all geographies where the business has a business presence. Ensure remittances are made on time and filing of returns are achieved within the stipulated time in the tax laws.
• Manage the interface between the Group and Tax Consultants, Insurance brokers, Tax authorities and other statutory bodies involving the Group’s Finances
• Manage the interface between the SBU and External Auditors, Tax Consultants, Insurance brokers, etc.
• Perform all any other function as may be assigned by the Group Managing Director
• Embody the Management Team leadership Qualities and promotion of Group’s values at all Time

Job Requirements

• Bachelor's Degree in Accounting, Economics, Finance, or relevant field (Minimum of second class upper).
• Applicant must have a Minimum of 8 years relevant experience in Financial Management and Controls
• Must be a Chartered Accountant (ACCA or ACA).
• An MBA or equivalent postgraduate management degree will be an advantage

Application Closing Date
30th June, 2023.