Finance Manager at Fembol Group

Fembol Group is a leading provider of comprehensive shipping, freight, and forwarding solutions. We specialize in delivering reliable and cost-effective logistics services to businesses globally. Our commitment to excellence, innovation, and customer satisfaction has positioned us as a key player in the logistics industry.

We are recruiting to fill the position below:

Job Title: Finance Manager

Location: Apapa, Lagos
Employment Type: Full-time

Job Overview

• We are seeking a proactive and detail-oriented Finance Manager to lead our financial operations at Fembol Investments Limited.
• The Finance Manager will oversee all financial aspects of the business, including Goods in Transit (GIT) management, Accounts Payable (AP), and Accounts Receivable (AR).
• This role requires a deep understanding of the shipping, freight, and forwarding industry, as well as expertise in financial management, strong problem-solving abilities, and a collaborative leadership style.

Key Responsibilities
Financial Reporting & Analysis:

• Prepare and present accurate monthly, quarterly, and annual financial statements (Profit & Loss, Balance Sheets, Cash Flow) to senior management.
• Analyze financial data to identify trends, cost-saving opportunities, and areas for growth.
• Provide actionable financial insights to support strategic business decisions, including capital investment, cost management, and pricing strategies.

Goods in Transit (GIT) Management:

• Oversee the accurate tracking, valuation, and reporting of Goods in Transit, ensuring that all inventory is accounted for properly during shipping and delivery.
• Work closely with the operations and logistics teams to monitor and manage GIT levels, ensuring timely reconciliation of GIT balances in the financial records.
• Ensure compliance with internal controls and external regulations related to GIT, including accurate documentation and reporting.
• Collaborate with the warehouse, supply chain, and freight teams to optimize GIT management and reduce operational inefficiencies.

Accounts Receivable (AR) Management:

• Supervise the AR function, ensuring that all customer invoices are issued accurately and on time.
• Monitor and manage overdue accounts, working with the sales and customer service teams to ensure timely collections and resolution of disputes.
• Prepare AR aging reports and analyze trends to improve cash flow and reduce outstanding receivables.
• Perform regular credit checks and assessments of customer accounts to minimize risk and maintain appropriate credit limits.
• Ensuring all requested quotes are accurately created and sent out in a timely manner

Accounts Payable (AP) Management:

• Oversee the AP process, ensuring that all supplier invoices are accurately processed, and payments are made within agreed terms.
• Manage the payment cycle, including reviewing payment schedules and monitoring cash flow to ensure efficient management of the company’s obligations.
• Review and resolve vendor discrepancies, maintaining strong relationships with suppliers.
• Ensure timely and accurate AP reporting, including the preparation of AP aging reports and related financial analysis.
• Ensure timely and accurate bank reconciliations are done.

Budgeting & Forecasting:

• Collaborating with the Financial Consultant and Financial Analyst on the budgeting and forecasting process and aligning financial projections with company goals and business strategies.
• Monitor financial performance against budget, identifying and addressing variances to ensure financial objectives are met.
• Assist in developing long-term financial plans and support senior management in strategic decision-making.

Cash Flow & Working Capital Management:

• Oversee the management of cash flow, ensuring that the company maintains liquidity while effectively managing receivables and payables.
• Monitor working capital to optimize the use of resources and minimize financial risks.
• Ensure effective collection of receivables and payment of payables to support the company’s operational needs.

Financial Strategy & Risk Management:

• Collaborate with senior leadership to develop and implement financial strategies aligned with business goals.
• Identify financial risks, including currency fluctuations, vendor issues, and payment delays, and implement mitigation strategies.
• Provide risk analysis and guidance to protect the company’s financial health.

Team Leadership & Development:

• Lead, mentor, and manage the finance team, promoting a high-performance culture.
• Provide training and development opportunities to ensure the finance team is well-equipped to meet departmental and company objectives.
• Conduct performance evaluations, set goals, and provide constructive feedback to enhance team capabilities.

Vendor and Customer Financial Relationships:

• Maintain strong relationships with key suppliers, customers, and financial institutions, addressing any financial issues or concerns promptly.
• Oversee the financial interactions with freight vendors, service providers, and logistics partners, ensuring accurate billing and payments.

Financial Systems & Process Improvements:

• Continuously improve financial processes, adopting best practices and technologies to streamline operations.
• Evaluate financial software and systems, ensuring they meet the needs of the company and support financial accuracy and reporting.
• Any other responsibilities that might be needed by the company.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or related field (Master’s preferred)
• 5 - 8 years of progressive experience in finance or accounting roles
• 2+ years in a managerial or supervisory capacity
• Strong knowledge of financial principles, reporting, and forecasting
• Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle)
• Advanced Excel and data analysis skills
• Excellent communication, leadership, and problem-solving abilities
• High attention to detail and integrity

Application Closing Date
10th August, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online