Posted on Wed 28th May, 2025 - hotnigerianjobs.com --- (0 comments)
Ziba Consulting - Our client is recruiting suitable candidates to fill the position below:
Job Title: Finance Manager
Location: Lekki, Lagos
Job Summary
Our client is seeking a dynamic and experienced Finance Manager to oversee all financial operations and contribute to the strategic financial planning of our retail business in Lagos.
The ideal candidate will have a minimum of 3 years of progressive experience in finance, specifically within the retail or a closely related consumer-facing industry.
This role requires a strong analytical mind, excellent leadership skills, and a proven ability to manage financial reporting, budgeting, forecasting, and internal controls to drive profitability and sustainable growth.
Responsibilities
Financial Reporting & Analysis:
Prepare accurate and timely monthly, quarterly, and annual financial statements (Profit & Loss, Balance Sheet, Cash Flow).
Conduct in-depth financial analysis, including variance analysis against budget and previous periods, to identify trends, opportunities, and areas for improvement.
Generate insightful financial reports for management, highlighting key performance indicators (KPIs) relevant to the retail sector (e.g., sales per square foot, gross margin, inventory turnover).
Budgeting & Forecasting:
Lead the annual budgeting process, collaborating with various departments to develop realistic and achievable financial plans.
Develop regular financial forecasts (e.g., quarterly, rolling forecasts) to anticipate future performance and inform strategic decisions.
Monitor budget adherence and provide actionable recommendations for cost control and revenue optimization.
Cash Flow Management:
Manage daily cash flow, ensuring optimal liquidity for operational needs and strategic investments.
Oversee accounts receivable and accounts payable functions, ensuring efficient collection and timely payments.
Develop and implement strategies to improve working capital management.
Internal Controls & Compliance:
Establish and maintain robust internal financial controls to safeguard company assets and ensure data integrity.
Ensure strict compliance with all relevant accounting standards (IFRS/GAAP), tax regulations (e.g., VAT, WHT, CIT), and other statutory requirements in Nigeria.
Liaise with external auditors during annual audits.
Strategic Financial Support:
Provide financial insights and recommendations to support business development initiatives, expansion plans, and new product launches.
Conduct financial modeling and analysis for potential investments or projects.
Participate in strategic planning sessions and contribute to overall business strategy.
Team Leadership & Development:
Supervise, mentor, and develop the finance team (if applicable), fostering a culture of accuracy, efficiency, and continuous improvement.
Delegate tasks effectively and ensure team members meet their objectives.
Qualifications
Bachelor's Degree in Accounting, Finance, Economics, or a related field.
Professional accounting qualification (e.g., ACA, ACCA, CIMA) is highly preferred.
Minimum of 3 years of progressive experience in a finance role, with significant exposure to the retail, FMCG, e-commerce, or hospitality industries.
Proven experience in financial reporting, budgeting, forecasting, and cash flow management.
Solid understanding of Nigerian tax laws and regulatory compliance.
Proficiency in accounting software (e.g., QuickBooks, Sage, SAP, Oracle) and advanced Microsoft Excel skills (pivot tables, VLOOKUPs, financial modeling).
Strong analytical skills with the ability to interpret complex financial data and translate it into actionable insights.
Excellent communication, interpersonal, and presentation skills.
High level of integrity, attention to detail, and accuracy.
Ability to work independently and collaboratively in a fast-paced retail environment.
Strong problem-solving and decision-making abilities.