Business & Finance Analyst at Herbal Goodness

Herbal Goodness is a manufacturer of premium quality, unique, organic, non-GMO superfoods, and herbal products to support healthy living and impact lives. Founded in 2013, the company excels in the botanical and natural supplements industry and manufactures product lines such as Herbal Teas, Supplements, Extracts, Essential Oils, Smoothies, and Juices. The company is unique in its values of Quality, Sustainability, and Impact. 100% women and minority-owned, Herbal Goodness believes in Business for social good. We donate 10% of our profits to promote the education of girls.

We are recruiting to fill the position below:

Job Title: Business & Finance Analyst

Location: Abuja (FCT)
Contract type: Permanent (Remote)
Category: Finance & Admin
Reports to: CEO

Job Summary

• We are searching for a skilled Financial Analyst with a strong foundation in Business, Data, and Technology Innovation to join our dynamic team.
• This role demands a unique blend of financial expertise, analytical prowess, and a forward-thinking approach. A crucial responsibility will be producing insightful reports that inform executive decision-making.

Key Responsibilities
Financial Reporting and Compliance:

• Tax Prep & Support: (1) Provide a template for books that will support improved/efficient tax reporting. (2) Support the updated corporate structure to ensure an optimized tax and employee compensation structure for exit. Deploy tax optimization strategies to achieve the target EBIDTA.
• Ensure accurate transaction posting in QuickBooks Online (QBO).
• Prepare and present financial dashboards and weekly channel performance reports to help leaders assess the business's performance. 
• Generate, Review and discuss management reports highlighting key financial trends and opportunities.
• Support strategic planning with data-driven financial insights.
• Profitability Analysis by Product & Channel
• Analyze revenue, cost, and margin performance across products, sales channels, and departments.
• Identify top-performing and low-performing products to guide marketing and pricing strategies.
• Monitor financial KPIs to assess business performance.
• Provide cost-benefit analysis for new investments, hiring, or business expansion.
• Work with operations, marketing & sales teams to align financial goals with business objectives.

Financial Planning and Analysis (FP&A):

• Develop Financial Forecasts: Create 1-year, 3-year, and 5-year financial forecasts aligned with growth goals and exit objectives, using various scenarios.
• Revenue and Expense Modeling: Build models that project revenue and identify major expense drivers, allowing the company to assess profitability and scalability.
• Key Performance Indicators (KPIs): Define, track, and report KPIs relevant to growth (e.g., gross margin, cash flow, EBITDA) and perform regular variance analysis against budget.
• Develop and maintain the company’s annual budget by department and function.
• Track actual financial performance against budgeted numbers.
• Work with department heads to establish realistic financial goals and projections.
• Review, revise, and update budgets based on real-time business performance.

Cash Flow Management and Optimization:

• Track daily, weekly, and monthly cash inflows and outflows.
• Ensure the company maintains healthy liquidity for operations.
• Forecasting & Future Cash Need
• Develop financial forecasts for expected revenue, costs, and expenses.
• Predict future cash flow challenges and recommend action plans.
• Ensure adequate working capital is available for smooth operations.
• Managing Accounts Payable & Receivable
• Oversee timely payment of invoices and vendor contracts to maintain supplier relationships.
• Work with accounting to optimize receivables collection and reduce outstanding balances.

Cost Management and Process Optimization:

• Reviews and approves all POs and pays all bills under $200.
• Ensure cost control and resource allocation align with business priorities.
• Analyze variances between budgeted vs. actual expenses and identify cost-saving opportunities.
• Prepare monthly variance reports and recommend corrective actions to management.
• Work with vendors to renegotiate better terms to reduce COGS.
• Track and benchmark operational expenses to industry standards.
• Review all fixed and variable expenses and propose ways to reduce unnecessary costs.
• Identify opportunities for automation in financial tracking and reporting.
• Work with the accounting team to simplify and optimize financial workflows. 
• Approves all new vendor setups to prevent unauthorized edits in QBO.

Supporting Business Decision-Making:

• Assess the financial viability of expansion into new markets, stores, distribution, or product lines.
• Provide ROI projections for major business initiatives.
• Work with lenders & investors to explore financing options if needed.
• Prepare financial reports and models to support funding applications.
• Analyze product pricing structures to maximize revenue.
• Assess market trends and competitors to ensure competitive pricing.

Compliance, Risk Management & Audit:

• Ensure compliance with financial regulations and tax laws.
• Identify financial risks and develop mitigation plans.
• Work with external auditors to ensure accurate financial reporting.
• Maintain clean financial records for tax and regulatory purposes.
• Collaborate with CPA to optimize tax strategies.
• Ensure all tax filings are accurate and on time.

 Collaboration with Other Departments:

• Align inventory purchases with cash flow projections.
• Ensure smooth procurement planning without excess costs.
• Provide budget and financial support for campaigns and product launches.
• Help track customer acquisition costs (CAC) and marketing ROI.

Qualification and Experience

• Bachelor’s Degree in Business, Finance, Accounting, Marketing, or related analytical field. Advanced degree a huge plus.
• 7+ years of relevant experience.
• Proficiency in Excel and Google Sheets: You should be comfortable working with spreadsheets, formulas, pivot tables, and data manipulation techniques.
• Strong financial modeling and data analysis skills.
• Proficiency in data analytics tools such as Excel, SQL, Python, R, Tableau, Power BI, or similar platforms is a plus.
• A passion for innovation and a desire to stay up-to-date on emerging technologies.
• You should be able to approach complex data challenges with creative and practical solutions.
• Experience with data visualization tools such as Tableau, Power BI, or similar platforms is a plus.
• Effective communication skills to convey data insights and recommendations clearly to both technical and non-technical stakeholders.
• Ability to work on multiple projects simultaneously and meet multiple deadlines, as well as take on projects independently or work collaboratively well.
• close attention to detail with excellent organizational skills and the ability to take charge, set objectives, and drive results.
• Must have excellent Internet connection, working laptop, and ability to adjust work hours to Central Standard Time (Between 9 am and 5 pm Central Standard Time).

Benefit

• Health Insurance
• Paid Time off
• Sign-on bonus
• Data Allowance
• Performance-based bonuses
• Professional Development opportunities

Application Closing Date
Not Specified.

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