Management Accountant at Emmanuel Bakeries Limited

Emmanuel Bakeries Limited stands out as a prominent distributor of Fast Moving Consumer Goods (FMCGs) and Non-Consumable Goods in Kogi State. Operating from the heart of the city, Lokoja the state capital, the company has a strong reputation for delivering high-quality retail distribution services of food products over 22 years. Our non-consumables include home care and body essentials.

We are recruiting to fill the position below:

Job Title: Management Accountant

Location: Lokoja, Kogi
Employment Type: Full-time

Objective

• The Management Accountant will occupy a central role within Emmanuel Bakeries, directly supporting the company's strategic initiatives through detailed financial analysis, reporting, and forecasting.
• This role is designed to enhance financial transparency and accountability, streamline operations, and ultimately position Emmanuel Bakeries as an attractive opportunity for investors.

Key Responsibilities
Strategic Financial Management:

• Conduct comprehensive financial analysis to support strategic decision-making, identifying areas for financial improvement, investment opportunities, and cost management.
• Collaborate with senior management to craft financial strategies that align with Emmanuel Bakeries’ goals of expansion and investor engagement.

Investor-Ready Financial Reporting:

• Prepare detailed financial reports that meet investor standards, including profit and loss statements, balance sheets, and cash flow statements, ensuring accuracy and compliance with international financial reporting standards (IFRS).
• Develop and present financial metrics and KPIs that clearly communicate the company’s financial health and operational efficiency to prospective investors.

Budgeting, Forecasting, and Planning:

• Lead the budgeting process, setting comprehensive budgets that reflect the strategic direction of Emmanuel Bakeries.
• Perform regular financial forecasting, updating projections based on market trends and operational performance to guide management decisions.

Cost Analysis and Reduction:

• Implement rigorous cost-analysis and reduction strategies to enhance profitability without compromising quality or service.
• Monitor and report on cost variances, identifying trends and recommending actions to senior management.

Compliance and Risk Management:

• Ensure full compliance with local and international financial and tax regulations.
• Proactively manage financial risk, including credit, market, and liquidity risks, developing strategies to mitigate these risks in alignment with company objectives.

Stakeholder Engagement and Reporting:

• Act as a key point of contact for financial matters with external stakeholders, including auditors, tax advisors, and potential investors.
• Prepare and deliver financial presentations for board meetings, investor briefings, and internal strategic reviews.

SLA (Service Level Agreement):

• Reporting Accuracy & Compliance: Guarantee 100% accuracy in all financial reporting, adhering to IFRS and local financial regulations.
• Budgeting and Forecasting Precision: Deliver budget and forecasting reports with a maximum 5% deviation margin from actual figures.
• Cost Management: Achieve a year-on-year operational cost reduction of at least 5% through effective cost control measures.
• Investor Engagement: Produce and update investor decks and financial models quarterly, or as required by the business development team.

Qualifications

• Bachelor's Degree in Accounting, Finance, or related field; Master's Degree preferred.
• Professional accounting qualification (ACCA, CIMA, CPA) is required.
• A minimum of 5 years experience in a management accounting role within the FMCG sector, with a proven track record of preparing for and engaging with investors.
• Experience with financial modeling and analysis in preparation for mergers, acquisitions, or public offerings is highly advantageous.

Skills Required:

• Expertise in financial analysis, reporting, and forecasting with a keen eye for detail.
• Proficiency in financial software (e.g., SAP, Oracle, QuickBooks) and advanced Excel skills.
• Strong presentation skills, capable of conveying complex financial information in an understandable format to non-financial stakeholders.
• Excellent communication, negotiation, and interpersonal skills for engaging with internal teams and external investors.
• Strategic thinker with the ability to operate both in detail and with a broad, long-term perspective.

Application Closing Date
22nd March, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.

Note

• Emmanuel Bakeries Limited is an equal opportunity employer and encourages candidates from diverse backgrounds to apply.
• We appreciate all applications; however, only shortlisted candidates will be contacted.