Chief Finance Officer

July 13, 2022

Job Description

  • Lagos

an FMCG Company - Novella Africa Limited

Novella Africa Limited – Our client, a leading company in FMCG industry, with strong commitment in the manufacturing of fruit juices and drinks, is recruiting to fill the position below:
Job Title: Chief Finance Officer

Job ID.: ZR_42_JOB
Location: Apapa, Lagos
Employment Type: Full-time
Responsibilities
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 the month-end close process to ensure timely closure and financial report 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

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 of 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.

Application Closing Date
17th August, 2022.
Method of Application
Interested and qualified candidates should:
Click here to apply online

To apply for this job please visit jobs.novellaafrica.com.

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