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Financial Controller at Frutta Foods and Services Nigeria Limited

by Sammy
vacancy

Job Description
General Accounting:

  • Provide finance leadership and oversee financial and accounting processes to ensure compliance with Corporate and local policies, statutory requirements and IFRS. Maintain ethical standards with unyielding integrity.
  • Lead the smooth implementation of the company’s financial solutions and applications including SAP
  • Serve as the primary contact with independent auditors and audit-related accounting matters.
  • Manage administration of accounts receivable, accounts payable, inventory control accounting and payroll.
  • Oversee month end close process to ensure timely closure and financial reports preparation.

Budgetary Function:

  • Preparation of annual budgets – Profit & Loss, Cash Flow & Balance Sheet.
  • Analyze and report variances – Propose and implement remedial action.
  • Estimate the requirement of funds – short term and long term.

Financial Management Reporting and Cost Control Function:

  • Implement financial controls and develop financial management mechanisms to minimize financial risk. Maintain a documented system of accounting policies and procedures.
  • Manage the company’s financial reporting systems.

Produce accurate financial reports to specific deadlines including:

  • Monthly management accounts
  • Flash reports
  • Working capital
  • Board & Investor Packs
  • Analyze, interpret and report operating results and make specific recommendations to achieve cost effectiveness and profit improvements.
  • Provide gross profit reporting, analyses, and forecasting.
  • Anticipate management needs and develop analyses in response to those needs and in support of management decisions.

Balance Sheet and Assets Management Function:

  • Work with operating personnel to achieve effective balance sheet and assets management.
  • Oversee development and carrying-out of inventory control procedures, including physical stock-take and audit.
  • Account for and maintain proper inventory reserves for Excess, Expired and Obsolete Inventory.
  • Review assets register to keep track of and safeguard company assets.

Cash Flow Management & Control Function:

  • Daily control of elements affecting working capital.
  • Oversee operational cash management and cash flow forecasting.

Audit Function:

  • Oversee preparation of financial accounts for auditing purposes.
  • Oversee annual audits.
  • Liaising with auditors to ensure that annual monitoring is carried out effectively.
  • Conduct internal audits.

Control Function:

  • Develop and implement accounting policies, procedures and internal controls in support of business processes and decisions.
  • Ensure all activities comply with relevant Acts, legal demands, ethical standards, and the internal management policies.
  • Review the preparation and submission of company statutory documents

Job Requirements

  • First Degree in a relevant field (Accounting / Business Management)
  • A Postgraduate Degree or MBA is mandatory.
  • ACA / ACCA / FCA is mandatory
  • Strong commercial finance experience.
  • Minimum of ten (10) years relevant work experience including 4 years in senior leadership position.
  • Previous experience as a Financial Controller in Beverage/FMCG industry is essential.
  • Strong understanding and proficient use of SAP is essential
  • Excellent knowledge of industry and finance best practices
  • Excellent financial modelling skills
  • Outstanding oral and written communication skills.
  • Demonstrated ability to evaluate and balance team and individual workloads.
  • Negotiation skills, analytical skills and ability to multitask.
  • Must be able to coach finance team.
  • Very hands-on with excellent leadership skill.
How to Apply

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