Chief Financial Officer at Fadac Resources and Services Limited

Fadac Resources and Services Limited - Our client is a synergistic company that brings to fore their joint capabilities to specialize in - plantation management, out-growers management, chemicals & polymers, and farmer support to name a few for Extra Neutral Alcohol ( ENA) production from an owned cassava plantation.

Due to expansion, they are recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Edo
Employment Type: Full-time

Job Responsibilities

• The candidate will be responsible for overseeing the company's finances and day-to-day responsibility of managing and controlling all financial-related activities of the company. This includes direct responsibility for accounting, finance, forecasting, strategic planning, investments, budgeting, reviewing detailed financial reports and making recommendations based on them, deal analysis, and negotiations, as well as fostering a solid professional relationship with financial advisors, banking institutions, auditors, and the executive team.
• Developing an Overall Financial Strategy of the business to deliver on the corporate goals and objectives of the company in the
• Ensure that the Financial Strategy is broken down into short and medium plans having clear priorities
• Highlighting Risk Minimization Plans and Opportunity Forecasting
• Ensuring that the plans are fully executed
• Determine the financing requirements of the company and the best way to Fund the operations of the company on a short and midterm basis
• Develop appropriate guidelines and policies that will guide all financial transactions including investment appraisals and decisions
• Develop budgets for the company
• Review all financial plans and budgets regularly to look for cost reduction opportunities
• Examine all financial reports and data closely to check for discrepancies
• Create systems to prevent errors in data collection and calculations
• Ensure that overall revenue, expense & profits are in line with agreed budget.
• Lead, plan, process, and manage short/long term forecasts and annual budgets.
• Costing files are prepared in line with company policies and are duly adhered to.
• Ensuring proper accounting records are maintained aligned with Organizational Goals
• Maintains professional development, remains abreast of relevant accounting issues and financial policy and standards.
• Establishing a mechanism/checklist to ensure operations are under control and give requisite support to business heads.
• Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
• Debt management and collection
• Collaborate with auditing services to ensure proper compliance with all regulations
• Ensure that all financial transactions are properly recorded, filed, and reported
• Coordinating audit processes.
• Ensure quality control over financial transactions and financial reporting
• Liaison with IT team for developing meaningful reports and automating the manual processes.
• Timely and accurate reporting of monthly management accounts according to group policies.
• Reviewing the existing standard operating procedures and implementing new SOPs to strengthen internal controls.
• Completeness and accuracy of bank/cash reconciliations
• Review financial information and analysis from direct reports
• Presenting reports to senior executives, stakeholders, and board members.
• Establish and implement financial reporting systems to comply with government regulations and legislation
• Managing financial transactions.
• Create monthly and annual reports to identify results, trends, and financial forecasts
• Statutory Compliance & Tax
• Tax planning and ensuring statutory tax compliances on Coy Tax, VAT, WHT and other relevant taxes
• Interface with the auditors, tax authorities, banks and regulatory agencies
• Preparing company tax
• Ensuring compliance with all other statutory and financial regulations e.g., IFRS
• Coordinate the preparation of regulatory reporting
• Manage and comply with local, state, and federal government reporting requirements and tax filings
• Cost Control, Cash Flow Management & Administration
• Imports and logistics supervision
• Receivables, Payables and Stocks control
• Improving efficiencies and reducing costs across the business
• Monitor and facilitate administration activities for the company
• Ensure assessment and proper control on the admin expenditure for the company
• People Development & Team Management
• Creating a productive, happy team
• Developing skill sets of team members and initiating external intervention if required
• Assume strategic leadership of the entire finance function of the Company

Job Requirement / Skills

• Bachelor's Degree in Accounting, Finance or relevant field.
• ACCA/ACA, MSc/MBA is an added advantage.
• 10 -15 Years of relevant Experience in Financial Management and Controls
• Goods knowledge and use of Microsoft Office packages & ERP systems
• Commitment to self-learning and continuous skill and professional knowledge development.
• Understanding of new technology for security management
• Problem-solving
• Execution & Delegation Skills
• Decision Making
• Communication skills
• Emotional Intelligence.

Application Closing Date
30th April, 2022.