Revenue Assurance Manager at Food Concepts Plc

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Title: Revenue Assurance Manager

Requisition ID: 1682
Location: Nigeria
Job type: Full-time

Key Responsibilities
Managing Cash Assets:

• Review daily cash position report
• Prepare monthly cash forecast, cash flow report (Source and Application of fund)
• Monitor and follow-up with investments placement including interest and roll-overs
• Review imprest system and cashier’s float, to ensure they are properly accounted for
• Review daily sales and daily lodgement verification

Bank Oversight:

• Monitor daily bank balances to ensure payment instructions are not issued on unfunded accounts
• Manage bank POS terminals and deployment
• Maintain relationship with bank officials
• Prepare quarterly and yearly reports to regulatory bodies i.e.  SEC on  fund utilization (when necessary and where applicable)
• Ensure all treasury transactions are posted and reconciliation of GL and sub GL accounts.
• Confirm and verify bank charges
• Review bank reconciliation report
• Review, monitor and ensure payment processes are strictly adhered to
• Ensure daily/weekly collection of Bank statements and confirmation of cheques.
• Confirmation of cheques

Financial Advisory:

• Advise management on utilization of surplus funds
• Evaluate the fiscal decisions of their organization and recommending the best possible course of action.
• Analyse the risks and rewards of various decisions on a regular basis
• Ensure the management understands the risks of any given financial decision and is aware of alternative decisions they might be better off making instead.
• Coordinate the process of fund raise and provide all required information in conjunction with the Financial Adviser

KPI:

• Provision of Daily cash report
• Provision of Bank Reconciliation Report
• Accuracy of treasury reports, fund balances etc
• Time taken to create month-end accounting journals for all treasury transactions
• Accuracy of cash forecast
• Rate of compliance with internal controls especially on payments
• Accuracy of forecasted investment income

Educational Qualifications / Experience

• A good first degree in Accounting or Finance
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
• Minimum of  5 years in a core financial / treasury capacity.

Knowledge Requirements:

• Knowledge of Cash Management Principles
• Knowledge of banking systems and processes
• Knowledge of Risk Management
• Knowledge of the Food/QSR Industry processes

Professional Requirements:

• Membership of the Certified Treasury Professional(CTP), ICAN, ACCA, CFA or any other related professional qualification is required, as well as courses on  Treasury and Fund Management.

Application Closing Date
Not Specified.