AAVA Brands Limited, a new generation company of Chanrai Summit Group (Fareast Mercantile Co. Limited), has been proudly serving Nigeria since 1890 and connects world-class brands to the Nigerian consumer, every day. Now under the umbrella of DP World, AAVA Brands Limited is further strengthened as a flexible and agile service provider. Keeping pace with the evolving needs of African consumers, we strive harder to make the right products available at the right place, in the right time.
We have dedicated our resources to supply chain management through the import / manufacture and distribution of products covering branded Food, Beverages and Fast Moving Consumer Goods for the best multi-nationals in the world. A product portfolio spanning 3,500 SKUs is managed by capable, professional teams, robust infrastructure, and strong delivery systems to ensure availability to consumers every day. As a socially responsible group, we have partnered with various NGOs such as the Tulsi Chanrai Foundation to support their social welfare initiatives.
We are recruiting to fill the position below:
Job Title: Finance Analyst
Location: Lagos
Department: Finance & Accounts
Reporting to: Manager- Reporting & Commercial
Primary Objectives
- The Financial Analyst is responsible for supporting the financial planning and analysis function within the organization.
- This role involves analyzing financial data, preparing financial reports, forecasting future financial performance, and providing insights to support decision-making by senior management.
Principal Accountabilties and Responsibilties
Financial Analysis:
- Conduct thorough analysis of financial data, including income statements, balance sheets, and cash flow statements.
- Identify trends, variances, and opportunities for improvement.
- Analyze key performance indicators (KPIs) and financial metrics to assess the company's financial health and performance.
Budgeting and Forecasting:
- Assist in the preparation of annual budgets and periodic forecasts.
- Collaborate with department heads to gather budget inputs and assumptions.
- Monitor actual performance against budgets and forecasts, investigating and explaining variances.
Financial Reporting:
- Prepare and distribute accurate and timely financial reports for management and stakeholders.
- Develop financial models and dashboards to facilitate decision-making.
- Ensure compliance with accounting principles and company policies.
Strategic Planning Support:
- Support strategic initiatives by providing financial analysis and insights.
- Assist in evaluating potential investments, acquisitions, and other strategic opportunities.
- Participate in cross-functional teams to drive business performance and growth.
Business Partnering:
- Collaborate with various departments, including operations, sales, and marketing, to understand business drivers and challenges.
- Provide financial guidance and support to help achieve departmental and company objectives.
- Communicate financial results and insights effectively to non-financial stakeholders.
Process Improvement:
- Identify opportunities to streamline processes and improve efficiency within the FP&A function.
- Implement best practices in financial planning, analysis, and reporting.
- Continuously strive for automation and optimization of financial processes.
Person Specifications
- Eligibility: Bachelor's Degree in Finance, Accounting, Economics, or related field; MBA or advanced degree preferred.
- Chartered Accountant.
Key Competencies:
- Proven experience in financial analysis, budgeting, and forecasting.
- Strong understanding of financial principles, accounting standards, and financial modeling techniques.
- Proficiency in financial software and tools, such as Excel, ERP systems, and financial planning software.
- Excellent analytical and problem-solving skills.
- Effective communication and presentation abilities.
- Ability to work independently and collaboratively in a fast-paced environment.
- Attention to detail and accuracy.
- Strong business acumen and strategic thinking.
- The above job description serves as a general outline for the role of a Financial Analyst in the FP&A function. Specific responsibilities and qualifications may vary depending on the organization and industry.