Financial Analyst 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: Financial Analyst

Job Requisition ID: 1800
Location: Nigeria
Reports to: Business Analyst Manager
Department: Corporate Strategy

Job Purpose

• To provide in-depth financial and business analysis, support strategic decision-making, and drive margin improvement through accurate reporting, cost optimization, and insightful financial modelling.
• This position works collaboratively with other cross functional teams to obtain the information needed to identify areas of action for driving successful business results.

Core Responsibilities and Key Result Areas
Financial Analysis

• Analyse detailed financial information along with current and past trends in key performance indicators to provide accurate and timely financial and operational in-depth analysis.
• Support the financial analyst to drive margin improvement through accurate financial information and analysis.
• Present reports on general economic trends, individual corporations and whole industries.
• Creating financial models on performing business units, customer, competitors and cost analysis
• Work closely with the financial analyst on any ad-hoc analysis required for management.

Business Analysis and Research

• Recipe costing and pricing analysis
• Regularly update raw material prices to hedge against inflation
• Conduct business studies, review accounts, vendor reports, contractual terms, prices and market oscillations.
• Perform budget and cost analysis, reviewing and advisory of financial status.
• Consult and participate in studies of new and existing products/projects to determine feasibility, resolve problems including organizational, procedural, technical and fiscal research and analysis

Key Performance Indicators

• Quality of business recommendations
• Increase in revenue attributed to solutions/recommendations
• Profitability of findings from business studies
• Decrease in cost attributed to solutions/recommendations

Requirements

• Bachelor’s degree in Accounting or related field
• Membership of ICAN/ACCA or any other related professional qualification is required.
• Minimum of 3 years’ experience as financial analyst, business analyst or similar role.
• Experience in a QSR company in a similar role is an asset

Knowledge Requirements:

• Demonstrates good research, quantitative, and analytical skills
• Excellent attention to detail
• Presentation and Excel Skills
• Develop insightful presentations and slides with data.
• Exceptional financial modelling and scenario analysis skills, with an expert understanding of Microsoft Excel and PowerPoint
• Competent in financial software applications
• Highest standards of accuracy and precision; highly organized
• Demonstrates commercial and economic awareness, including an awareness of global economic factors that can influence the Food & Beverage and QSR industry
• Ability to think creatively, highly driven and self-motivated
• Knowledge of written and verbal communication skills

Decision Expectations:

• Strategic pricing adjustment
• Margin improvement initiatives
• New Products feasibility and viability.
• Financial performance review.

Application Closing Date
Not Specified.