Posted on Tue 13th May, 2025 - hotnigerianjobs.com --- (0 comments)
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).
This role will focus on all internal controls relating to the SCD division of the business to enhance corporate governance culture and to ensure adherence to laid down policies, safeguard the company assets, minimize risks, ensure accuracy of records and promote operational efficiency and growth.
Core Responsibilities and Key Result Areas
Risk Assessment and Management:
Manage end-to-end processes for identifying, evaluating, and mitigating risks across SCD business areas, including risk control assessments.
Collaborate with Production Units and process owners to implement and monitor remediation efforts stemming from internal control evaluations, ensuring corrective actions are effectively embedded.
Conduct periodic reviews of internal control systems in production and yield analysis to validate their integrity, drive improvements, and provide value-added recommendations.
Investigate and report alleged cases of fraud, waste, abuse, or inefficiencies within SCD, proposing preventive or remedial actions to safeguard assets and processes.
Deliver actionable plans to address control deficiencies, monitor progress, and ensure timely resolution of identified gaps.
Inventory & Financial Control Oversight:
Perform daily validation of inventory record accuracy, reconciling records with SCD Finance and reviewing SAP postings (Revenue, Receivables, Payables) for errors.
Monitor inventory transactions and movements (WIP, stock in transit, local purchase orders) on SAP BYD, ensuring alignment with system records and operational integrity.
Track CK and PPU postings weekly, analyze WIP variances, and drive closure to maintain financial accuracy.
Oversee vendor management processes, including daily monitoring of Local Purchase Orders, inventory supply chains, and inter-PPU transfers.
Conduct monthly physical inventory counts versus ERP records to detect discrepancies (e.g., shrinkage, spoilage) and reconcile inventory records with financial reporting.
Verify asset tags and internal control checks to safeguard company assets and ensure compliance with inventory management protocols.
Compliance & Process Improvement:
Propose and embed key controls and improvement opportunities within SCD warehouses and revised processes to strengthen operational efficiency.
Coordinate monthly and quarterly stock counts with Internal Control teams across distribution centers, ensuring adherence to compliance standards.
Review aged cash advances monthly, follow up with vendors for retirement, and maintain robust internal control documentation.
Submit detailed monthly reports highlighting control gaps, deficiencies, and remediation recommendations to leadership.
Collaborate with the Head, Risk and Compliance, to resolve internal control issues promptly and align SCD practices with organizational standards.
Lead training and knowledge-sharing sessions for SCD business partners to enhance internal control awareness and compliance.
Execute ad hoc assignments as directed by the department Head or DMD, supporting continuous improvement in SCD operations.
Key Performance Indicators
Achievement of Company Sales, EBITDA, GP, PAT targets
Achievement of the Marketing Department’s budget/targets/objectives
Achievement of Individual Personal Development Plans
Job Specifications
A good first degree in Business Management or related areas.
Possession of a master’s degree in business administration or related degree is an added advantage.
A good experience in Warehousing or Inventory management in a Stabilized establishment.
Minimum of 5-6 years’ experience in a similar role, especially in the QSR/FMCG sector.
Decision Expectations:
Acts on defined procedures and decisions.
Enforces agreed decisions.
Plans own work schedule and work schedule of subordinates.
Recommend operational, strategic and financial decisions
Working Conditions:
Jobholders typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
This role is largely office-based and requires the job holder to strongly pay close attention to detail.
Like other accounting positions, it involves a lot of papers and documents. Job role holder needs to have a well-organized system to match the right documents to the right files and payments.
Additionally, prioritizing payments based on due dates, amounts and the relationship with the payee is important.