African MNC

Skills & Knowledge:

• Good communicator, inclusive but no limited to good oral and written English with strong multicultural awareness.
• Excellent leadership skills capable of leading team and work with business head to provide complete understanding of the numbers & profitability direction of the business.
• Demonstrated experience as a business partner in driving controls, compliance and performance while improving the business processes to ease business operations.
• Expertise in process & cost accounting.
• High degree of analytical approach on Financials & Budgeting (Actuals vs. Budgets).
• Managing day to day tracking of key result areas, working capital requirements for the business.
• SAP and Advanced Excel & Power Point Skills & other office tools.

Job Scope / Impact:

• Meeting Critical Business Challenges & monitor daily business performance.
• Integrating Financial and Business Data.
• Provide insightful business information reports, with critical analysis, to business head to help achieve business targets & take meaningful business decisions.
• Drive cost cutting initiatives and create cost cutting culture in the product division.
• Gain Flexibility and Agility to work closely with business team, understand business operations.
• Good understanding of Commodity & Currency hedging requirements.

Financial Accounting

• Accounting policies’ compliance – ensuring accounting policies are in place & effectively adhered to for product division in line with IFRS requirements.
• Control & reconcile revenues, receivables, inventories, advances, and miscellaneous income, to make sure they are no abnormalities & reconciled with business teams.
• Working with Corporate teams to ensure accuracy & timely preparation of monthly relevant balance sheet reconciliations & schedules to meet corporate accounting requirements.
• Monthly review of PL and Balance sheet schedules to ensure cleanliness of product financial accounts.
• Understanding of Nigerian Import & Export trades, Custom Duty, VAT, WHT and other statutes.

Implements/Supervises Internal Controls:

• Own product data. Collaborate with the business teams & business heads and take responsibility for the collection and governance of financial and management reporting information for the product division.
• Assure relevance and completeness of business policies and procedures for the functional areas of the business.
• Initiate periodic updates of financial policies and procedures.
• Request audits that provide assurance of compliance with financial policies and procedures for product division.
• Responsible for compiling:
• Weekly product reviews and reports
• Month close, MIS & reporting to corporate for product MIS
• Reconciliations of product schedules
• M2M and BRM compilation for product division Implement automated system controls in SAP for smooth workflow across multi locations.
• Managing imports, Form M’s. LC’s and other regulatory requirements/covenants with banks & other external stake holders.

Financial Planning & Projections:

• Co-lead with the Business Head to prepare Annual Operating Plan (AOP) and provide insightful information on key value drivers.
• Issue the AOP calendar so that each location/ branch manager will prepare its annual comprehensive budget in a timely manner and present it to the Business Head for approval.
• Proactively advise Business Head on Risks & Opportunities (R&Os) to the attainment of the AOP (i.e. Latest Estimates, Outlooks) and working closely with business team to mitigate risks while realising opportunities.
• Prepare financial model & analyse financial feasibility of launch of new products or location that those decisions are in line with company’s business strategy with appropriate ROI’s.

Treasury:

• Provide/review daily/ weekly/ monthly working capital projections and coordinate with CFO/Banks for funds planning.
• Manage forex positions as per the agreed limits & increase efficiency with proper planning.
• Support business head to reduce working capital cash to cash cycle.
• Work closely with CFO and corporate banking team to help manage funds to eliminate idle floats, if any
• Build constructive relationships with banks.

Product MIS Reporting:

• Assure monthly MIS is generated with qualitative analysis within the deadlines & discussed with business head before submitting to Group CFO.
• Support CFO for year-end closing & preparation for annual audit.
• Analyse the financial information – PL, Balance sheet and M2M – to match it with expected product profitability.
• Bring out key variances that have occurred between months and discuss with Business head and presented to CFO & Group CFO.
• Review the key metrics (agreed with management) relevant for the business and put up analysis for discussions with Business head & management team.
• Prepare product BRM report & analysis with relevant business outlook and information to be presented & discussed with management.

Operations and Risk review

• Monitor product Va R position limits & ensure strict compliance of all approved risk limits.
• Review capital expenditure proposals and provide with a proper justification and return parameters.
• Ensure compliance to capital expenditure policy.
• Follow up on actual expenditure vis-à-vis approved capex plan and report with critical analysis.
• Monitor & follow-up receivables, advances, inventory, and other current assets, etc.
• Arrange regular recons of inventory, analyse the receivables, fixed assets, and liability position.
• Monitor weekly fund reconciliations for product branch locations.
• Travelling to factory and upcountry branch locations to review and strengthen the processes.

• CA’s with 10+ years of work experience and out of which 4 to 5 years in managing the large trading / FMCG / Manufacturing business.
• Exposed to best practices and commodity accounting procedures/ trade practices, manufacturing experience, help business head to achieve sales & profit targets / outcomes while maintaining requisite internal controls, credit risk controls, position management, M2M Accounting, etc.
• Expert knowledgeable of IFRS along with its right application in finalizing Monthly, Quarterly & Annual Financial Statements.
• High degree of SAP knowledge and office tools understanding as well as their business implications
• Ample experience in leading and working across functions as a business partner while keeping the finance rigour and accountability
• Experience in coordinating with external (Big 4) & internal auditors of company, ensuring the proactive and progressive attainment of business objectives and providing support to get the corrective actions on the observations to business head.
• Team management and development. Identify skill gaps and impart training and making them ready for the immediate role and the next potential role.

Net Savings around $4000 - $4500 + Accommodation + Food + Transport + All Expat Benefits