Financial Controller at Nosagie Holdings

Nosagie Holdings is an indigenous registered company, having its headquarters office located in Benin City, Edo State. It provides EPIC and Project Management Services for the Offshore/Onshore Oil & Gas, Refining and Petrochemicals Industries.

We are recruiting to fill the position below:

Job Title: Financial Controller

Location: Benin, Edo
Employment Type: Full-time

Job Description

• We are looking for a highly skilled and experienced Financial Controller to join our organization.
• The ideal candidate will oversee the financial operations and accounting functions across multiple business units, including our Microfinance Bank, Engineering SBU, Hotel, Poultry, School, Water Factory, Bakery, Spar, and Facility Maintenance divisions.
• The Financial Controller will ensure the accuracy, integrity, and timeliness of financial reporting, provide financial analysis, and maintain strong internal controls to drive business growth and compliance.

Key Responsibilities
Financial Management for Microfinance Bank:

• Oversee the financial operations of the Microfinance Bank, ensuring compliance with the Central Bank of Nigeria (CBN) regulations and IFRS.
• Ensure the preparation of accurate financial statements, including balance sheets, profit & loss statements, and cash flow reports, in accordance with regulatory and reporting standards.
• Manage the budgeting and forecasting process, providing financial analysis and recommendations to improve operational performance.
• Monitor liquidity, capital adequacy, and risk exposure, advising management on financial strategy to maintain regulatory compliance and sound financial health.

Financial Management for Engineering SBU:

• Oversee financial operations within the Engineering SBU, ensuring accurate reporting of project costs, revenues, and profitability.
• Provide financial insights for project management, helping to evaluate the financial feasibility of engineering projects, including capital expenditures and return on investment (ROI).
• Ensure effective cost management and resource allocation within the engineering division.

Financial Management for Other Business Units (Hotel, Poultry, School, Water Factory, Bakery, Spar, Facility Maintenance):

• Hotel: Manage financial operations for the hotel, ensuring profitability, cost control, and compliance with hospitality industry financial standards.
• Poultry: Oversee financial activities related to the poultry business, including cost management, inventory, revenue tracking, and profit optimization.
• School: Manage the financial performance of the school, including budgeting, tuition fee collection, and resource allocation.
• Water Factory: Oversee financial operations related to water production and distribution, ensuring cost-efficiency and compliance with local regulations.
• Bakery & Spar: Ensure sound financial management for the bakery and spar business units, including inventory control, cost of goods sold, pricing strategies, and profitability.
• Facility Maintenance: Manage the financial aspects of facility maintenance, ensuring budget adherence and cost control in maintaining company facilities.

Financial Reporting & Analysis:

• Prepare accurate and timely financial reports for all business units, including consolidated financial statements and performance reports.
• Analyze financial performance and identify areas for cost reduction, revenue growth, and operational improvements.
• Present financial findings to senior management, providing actionable insights to inform business decisions and improve profitability.
• Ensure all financial statements and reports comply with international accounting standards (IFRS), tax regulations, and local regulatory requirements.

Budgeting and Forecasting:

• Develop and manage annual budgets for each business unit, ensuring that financial resources are allocated appropriately to support growth and operational needs.
• Monitor actual performance against budgeted targets, identifying discrepancies and recommending corrective actions.
• Provide accurate financial forecasts to support strategic planning and decision-making processes across the company.

Internal Controls and Risk Management:

• Establish and maintain robust internal control systems to safeguard company assets, ensure financial integrity, and prevent fraud.
• Conduct regular audits and financial reviews to assess the effectiveness of internal controls and ensure compliance with accounting policies and regulations.
• Ensure that financial operations across all business units adhere to company policies, local tax laws, and regulatory requirements.

Cash Flow Management:

• Oversee cash flow management for all business units, ensuring sufficient liquidity to meet operational needs, payroll, and other financial obligations.
• Develop strategies for optimizing working capital and managing financial risks related to cash flow, payments, and collections.
• Work closely with the CFO to manage short- and long-term funding needs, ensuring the company’s financial stability.

Tax and Regulatory Compliance:

• Ensure timely and accurate tax filings and compliance with Nigerian tax regulations for all business units.
• Collaborate with external auditors and tax consultants to ensure that tax planning strategies are aligned with business goals and regulatory requirements.
• Monitor changes in financial regulations, tax laws, and accounting standards to ensure ongoing compliance across all sectors.

Team Leadership and Development:

• Lead and manage the finance team, providing guidance, training, and support to ensure that financial operations are carried out efficiently and accurately.
• Foster a culture of financial discipline, accountability, and continuous improvement within the finance department.
• Coordinate and oversee the preparation and execution of internal audits, providing leadership and support to ensure the audit process is thorough and efficient.

Key Requirements
Educational Qualifications:

• Bachelor’s Degree in Accounting, Finance, Economics, or a related field.
• Professional certification such as ACA, ACCA, or equivalent is required.
• A Master’s Degree in Finance, Business Administration, or a related field is a plus.

Experience:

• Minimum of 8 - 10 years of experience in financial management, with a proven track record in overseeing financial operations in diverse sectors such as banking, engineering, hospitality, manufacturing, and facilities management.
• Experience in managing the financial operations of a microfinance bank and engineering business unit is highly desirable.
• Demonstrated experience in preparing and managing consolidated financial statements, budgets, and financial forecasts across multiple business units.
• Familiarity with Nigerian tax laws, regulatory frameworks, and industry-specific financial regulations (e.g., CBN regulations for microfinance banks).

Skills & Competencies:

• Strong proficiency in accounting software and enterprise resource planning (ERP) systems.
• Solid understanding of financial reporting standards (IFRS, Nigerian tax laws, etc.) and regulatory compliance.
• Excellent analytical and problem-solving skills, with the ability to make data-driven decisions and drive financial improvements.
• Strong leadership and people management skills, with the ability to build and maintain effective finance teams.
• Exceptional communication and interpersonal skills, with the ability to present complex financial information to non-financial stakeholders.
• Attention to detail and accuracy in financial reporting and forecasting.

Salary
N270,000 - N300,000 / Month.

Application Closing Date
17th June, 2025.