Credit Control & Financial Reporting Manager (Modern Trade) at Omnibiz Africa

At Omnibiz, we’re fully dedicated to supporting local businesses and helping them navigate the modern market. Over 52,000 businesses across the FMCG industry have trusted us to provide them with the services and necessary tools to overcome contemporary challenges in the market place. Why? The answer is simple - they believe the same thing that we at Omnibiz believe: for the global economy to thrive, local businesses must be given the grounds to grow.

As our adventure evolves, we will continue to support local businesses, provide retailers with the necessary tools to thrive in today’s market, partner with industry stakeholders, and relentlessly pursue opportunities to help Africa’s economy grow. Our work has only just begun and although the current results are encouraging, we also realize that the road ahead is long and full of challenges. Regardless, we are excited about the opportunities that exist, the pathways we are creating, and the businesses we are building relationships with.

We are recruiting to fill the position below:

Job Title: Credit Control & Financial Reporting Manager (Modern Trade)

Location: Ijora, Lagos
Employment Type: Full-time
Department: Finance

Job Summary

• We seek a highly skilled Credit Control & Financial Reporting Manager to oversee credit risk management and financial reporting for the modern trade operations of our e-commerce business. 
• The ideal candidate will be responsible for ensuring timely collections, accurate financial reporting, and strong internal controls, contributing to overall financial stability.

Key Responsibilities
Credit Control & Risk Management:

• Develop and implement credit control policies to minimize financial risk and improve cash flow.
• Assess customer creditworthiness and set appropriate credit limits.
• Monitor accounts receivable, ensuring timely collections and resolving overdue accounts.
• Collaborate with the sales team to resolve disputes while maintaining strong client relationships.
• Prepare and distribute periodic AR aging reports, bad debt provisions, and collection performance analyses.

Financial Reporting & Compliance:

• Oversee the preparation of accurate financial statements in compliance with IFRS and local regulations.
• Ensure account reconciliations and maintain the integrity of financial records.
• Conduct monthly and quarterly financial analysis, highlighting variances and key trends.
• Work closely with external auditors to facilitate the annual audit process.
• Provide financial insights and reports to support strategic decision-making.

Risk & Compliance Management:

• Identify and mitigate financial risks associated with modern trade operations.
• Ensure compliance with company policies, tax regulations, and statutory requirements.
• Implement internal controls to safeguard assets and enhance financial reporting accuracy.
• Develop processes for managing disputes, returns, and credit-related concerns.

Collaboration & Stakeholder Management:

• Work closely with sales, procurement, and logistics teams to align credit policies with business goals.
• Maintain communication with customers to align on payment terms and credit-related resolutions.
• Provide regular updates to senior management on credit risk and financial performance.
• Mentor and train finance team members to strengthen credit control and reporting functions.

Key Performance Indicators (KPIs)

• Receivables Turnover - Reduce overdue accounts and improve collection efficiency.
• Bad Debt Reduction - Minimize bad debt provisions and improve credit risk management.
• Timeliness & Accuracy - Ensure prompt and precise financial reporting.
• Compliance & Audit Performance - Achieve regulatory and internal audit compliance.
• Stakeholder Satisfaction - Improve collaboration across departments for financial efficiency.

Required Skills & Experience

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Professional certification (ICAN, ACCA, or CFA) is required.
• Minimum 5 years of experience in credit control, financial reporting, or related roles within modern trade, e-commerce, or FMCG industries.
• Proven expertise in credit risk management and financial statement preparation.
• Proficiency in accounting software (SAP, Oracle ERP) and advanced Microsoft Excel.
• Strong knowledge of IFRS, financial reporting standards, and credit management principles.
• Experience with financial analysis tools and techniques.

Personality Requirements:

• Strong analytical and problem-solving skills.
• Excellent communication and negotiation abilities.
• High level of integrity, attention to detail, and professionalism.
• Ability to work independently and collaborate across teams.

Application Closing Date
30th March, 2025.