Fresh Jobs at Chemical and Allied Products - CAP Plc

Objective/ Purpose of Job

• Effectively and efficiently, monitor the credit control policies of the organization in such a way as will maximize prompt settlement from customers and minimize losses through bad debts.
• Ensure prompt and proper administration of our insurance claim policies. Ensure strict adherence to the approved trade terms of the organization.

Duties & Responsibilities

• To ensure that there is an efficient system of credit procedures and controls including reconciling customers’ accounts and follow up of overdue debts, prompt and reliable invoice and statement distribution.
• To design efficient debt collection procedures and ensure that these procedures are strictly adhered to at all CAP Plc sales outlets.
• To discuss and resolve problems, queries and disputes arising on credit sales transactions.
• To compute quarterly rebate for the Management approval and ensure prompt payment.
• To visit branches and customers regularly to discuss and solve any problem being encountered on credit sales transactions.
• To assess debtors quarterly and at year-end with a view to ensuring that adequate bad and doubtful debts provisions are made.
• To liaise with the Finance Controller to ensure accurate reporting of debtors' situation.
• To provide quality and timely management information on credit control.
• To provide parameters for placing defaulting customers on stop list and ensure these are enforced.
• To recommend debtors for legal action and liaises with Company Legal Department for all debts pursued through the courts.
• To ensure that judgment given by the courts against the debtors are promptly followed up with the legal department
• To age debts in accordance with the approved debtors' ageing analysis.
• To ensure adequate insurance cover for company assets, review of asset portfolio report on status of claims to management and prompt reporting of our claims to the brokers.
• To ensure compliance on company discount policies as approved by the management.
• Ensure efficient day-to-day operation of the credit control department is maintained.
• To investigate and rectify anomalies on the invoices, receipts e.t.c.
• To assist in organizing consolidation of monthly financial accounts in order to ensure that all accounting returns and statements are submitted on due dates to management.
• Perform any other duty assigned by the Finance Controller.

Education and Years of Experience

• First degree (with Hons) in Accountancy or related discipline plus ACA with a minimum of 5 years post-qualification experience.

Knowledge, Skills and Attributes

• The jobholder must be versatile in Sales and Marketing techniques, Financial Management and Corporate Finance, Database Management system.
• In addition, the jobholder must demonstrate self-confidence and integrity, interpersonal and communication skills, good knowledge of the business.
• Must also be good at information and customer management, and sound external orientation.

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Mission of the Job

• To strengthen CAP’s relationship with its core client groups – painters, interior designers, architects and building professionals such that our brands are the #1 brands recommended by these client groups.

Develop a Client Experience Strategy document within a month of joining. The document should outline the following:

• 2-year plan for winning with key client groups (painters, interior designers and architects).
• Setup of Paint Application as a service and how to leverage technology in setting up this service at CAP’s retail outlet (“uber type service”)
• Understand our key client groups, keep abreast of developments and changes with them, identify key opportunities to partner and boost relationship with these groups, and execute/coordinate the execution of initiatives that will position us to “win” with these groups.
• Obtain approval of this strategy document and plan from CAP management and board (if required)

Lead the execution of approved strategy

• Achieve revenue target of Nxxx from paint application service across retail outlets in 2024.
• Aligned plan enables a minimum of 500 building professionals to use our products in 2024 valued at XXX.
• Organize periodic engagement sessions including focus groups, market visits, trainings with key client groups.
• Position our brands as the most preferred and #1 recommended brand by painters and building professionals such as interior decorators, architects, quantity surveyors etc.
• Review CAP’s existing Painters Academy and propose changes to ensure it becomes the defacto training school and certification program for Painters in Nigeria.

Own and drive Painters Loyalty Scheme

• Critically assess current state, identify opportunities to improve and then drive the acceptance and success of the scheme.
• Sign up minimum of 2000 painters into the scheme 6 months post – launch.
• Achieve N2b revenue via this scheme.

Competencies of the Job

• Problem solving skills.
• Creative skills
• Deep analytical skills (we are not looking for theory - all initiatives must be backed up by strong commercial justification)
• Project management skills
• Innovation and tech-savviness
• Leadership skills - she will drive all the identified initiatives, obtain management buy-in and get all required support from across the organization for her identified initiatives.
• Effective listening skills - ability to pick out insights from listening to target audience and link solutions/recommendations to these insights.
• Excellent interpersonal skills and ability to engage people and create relationships across all social status groups.
• Persistent – ability to keep going and tenaciously ensures task are completed.
• Proven ability to execute – speedily and with excellence.

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• The job holder will have excellent understanding of the production costing system, product margin analysis and will be responsible for managing CAP’s inventory tracking and reporting.

Duties & Responsibilities

• Coordinate all activities of the Stock Control Unit:
• Stock main/sub-ledger reconciliation
• Physical/SAP stock balance reconciliation
• Responsible for POS/Diesel and other inventory related items reconciliation
• Processing of claims for stock losses/damages
• Responsible quarterly stock-taking exercise
• Ad-hoc discrepancy anomaly report investigation and stock adjustments
• Faulty and expiring stock management
• Stock provisions
• Be involved in waste-to-wealth operation.
• Implementation and review of stock policy
• Constant monitoring of work-in-progress items.
• To assess and evaluate stock and review adequacy of provisions in the books and recommend adjustment where necessary.

Analysis of non-standard cost of sale accounts

• BOM analysis
• Variance investigation and analysis by SKU
• Monthly weighted average price tracking.
• Cost of sale data support for naked margin analysis

Business Partnership

• Provide data analysis and support for Logistics & Production
• Monthly inventory flash.
• Monthly Cost of Sales Allocation Analysis
• Monthly Gross Margin Analysis.
• Group insurance analysis support
• Ad-hoc analysis

Education and Years of Experience

• BSc/HND in Accounting, Finance, Banking, Banking and Finance Economics or any related discipline.
• ICAN or ACCA.
• Five years’ experience of which at least three must have been in the manufacturing sector.

Knowledge, Skills and Attributes

• SAP
• Excel Modelling