Chief Finance Officer (FMCG, Lagos)
Novella Africa Ltd
Apapa, LA, ng
6d ago

Job Description

A leading company in FMCG industry with strong commitment in the manufacturing of fruit juices and drinks is seeking to hire Chief Finance Officer (CFO)

General Accounting

  • 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 companys financial reporting systems.

  • Produce accurate financial reports to specific deadlines including :
  • i. Monthly management accounts

    iii. Working capital

    iv. 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
  • Requirements

  • First degree in a relevant field (Accounting / Business Management)
  • Professional certification is required (ACA, ACCA, FCA)
  • A post-graduate degree or MBA will be an added advantage.
  • Strong commercial finance experience.
  • Minimum of ten (10) years’ relevant work experience.
  • Previous experience as a Financial Controller in Beverage / FMCG industry is essential.
  • Outstanding oral and written communication skills.
  • Demonstrated ability to evaluate and balance team and individual workloads.
  • Negotiation skills, analytical skills and ability to multitask.
  • Requirements

    First degree in a relevant field (Accounting / Business Management) Professional certification is required (ACA, ACCA, FCA) A post-graduate degree or MBA will be an added advantage.

    Strong commercial finance experience. Minimum of ten (10) years’ relevant work experience. Previous experience as a Financial Controller in Beverage / FMCG industry is essential.

    Outstanding oral and written communication skills. Demonstrated ability to evaluate and balance team and individual workloads.

    Negotiation skills, analytical skills and ability to multitask.

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