Senior Manager, QSR Finance 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: Senior Manager, QSR Finance

Requisition ID: 1940
Location: Mushin, Lagos
Job type: Full-time
Department: Finance Department
Reporting to: Head of Finance

Job Purpose

• The jobholder will oversee routine department activities relating to all QSR financial operations including but not limited to; vendor invoicing, cash advances, franchisee invoicing and general ledger maintenance, and management account reporting to ensure financial  integrity and accuracy of the QSR business operations.

Core Responsibilities and Key Result Areas
Operational Excellence in Procure-to-Pay (P2P) Cycle Management:

• Lead continuous improvement initiatives for the Procure-to-Pay cycle in partnership with Supply Chain Operations, Direct/Indirect Payables, Technology Department, and cross-functional stakeholders.
• Optimize accounts payable processes to enhance efficiency, accuracy, and compliance, including vendor selection, contract management, and relationship oversight.
• Troubleshoot root causes in the Requisition-to-Payment cycle by collaborating with Procurement and operational teams to resolve systemic issues.
• Coordinate periodic reconciliations of supplier accounts, advances to suppliers, and ensure exception-free GL/schedule reconciliations for payables/receivables.
• Ensure timely invoice processing (posting and approval within 24 hours) in compliance with GAAP and internal control standards (ICORF).
• Develop and enforce policies/procedures aligned with SEC Rule 61-63 and COSO framework to harmonize processes, maximize efficiency, and maintain compliance.

Financial Reporting, Compliance & Internal Controls:

• Drive accurate financial reporting by ensuring clean account schedules for auditors, proper amortization of prepayments, and reconciliation of SCD inventory records with financial records.
• Oversee Internal Control over Financial Reporting (ICORF) for all payable and receivable balances, ensuring adherence to regulatory and corporate governance standards.
• Perform monthly profitability and operating efficiency analysis via store-by-store PORL (Profit and Loss) reporting to support data-driven decision-making.
• Provide detailed financial insights into QSR operations, working capital management, and funding needs through bespoke reporting tailored to operational requirements.
• Collaborate with FP&A, Treasury, and Procurement to improve key metrics such as Operating Free Cash Flow (OFCF), Days Payables Outstanding (DPO), and enterprise analytics.
• Maintain compliance with data security, financial regulations, and business controls across teams, ensuring full alignment with company policies and audit readiness.

Team Leadership & Strategic Partnership:

• Lead and mentor payable/receivable teams (including Franchisee Accounting) with a focus on professional development, task execution, and alignment with company goals.
• Foster a "big picture" mindset among team members, connecting daily operations to strategic initiatives and organizational objectives.
• Participate in and lead finance-led initiatives, driving cross-functional collaboration to enhance operational performance and financial outcomes.
• Build strong relationships with internal (Procurement, FP&A, Treasury) and external partners to align processes with business priorities and resolve complex challenges.
• Coordinate stock counts, audits, and inventory tracking with internal control teams across distribution centers, ensuring timely resolution of discrepancies.
• Submit actionable monthly reports highlighting control gaps, remediation plans, and progress updates to leadership for informed decision-making.

Key Performance Indicators

• Timeliness of monthly pork report for QSR Division.
• Accurate record of reconciliation of accounts with key suppliers.
• Accuracy, integrity and timeliness of accruals and prepayments including accurate amortization monthly.
• Timely processing of cash advance retirements and updated weekly cash advance schedule.
• Accurate payable ageing report.
• Accurate receivable ageing report.

Job Specifications

• A good first degree in Accounting or Finance
• Membership of ICAN, ACCA, or any other related professional degree is an added advantage.
• Minimum of 7-9 years in Accounting and Finance role with at least 2-3 years in supervisory capacity.

Knowledge Requirements:

• Ability to Understand profitability reports (store-by-store), manage accounts payable/receivable, track franchise payments, and analyse costs (e.g., fuel, marketing, materials).
• Ability to Monitor inventory, reduce losses (e.g., spoilage), optimize logistics/fuel use, and negotiate supplier contracts for savings.
• Ability to Know key regulations (SEC, GAAP) and internal controls to keep financial records accurate and audit ready.
• Ability to Use SAP (BYD) for financial tasks and tools like Excel/Power BI for reporting and data analysis.
• Ability to Work with supply chain, procurement, and finance teams to align financial goals with operational needs (e.g., cash flow, payment timelines).

Decision Expectations:

• Profitability assessments of stores through the monthly store by store port.
• Weekly advance to suppliers account report, highlighting long outstanding items.
• Weekly and monthly ageing report of payable, identifying long outstanding items, also achieving TB/GL reconciliation.
• Weekly and monthly franchise receivable report, identifying long outstanding items.
• Weekly and monthly purchases reports.
• Weekly and monthly diesel usage and purchase report.
• Monthly marketing spends analysis report.
• Monthly maintenance and repairs report.
• Monthly direct material purchases report for the division.
• Monthly Franchise payment report.

Working Conditions:

• Jobholder 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 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.

Application Closing Date
Not Specified.