Head of In Country Shared Services at GlaxoSmithKline

Requisition ID: WD173187
Location: Nigeria
Position: Full time
Functional area: Finance
Relocation: Not Indicated

Job Purpose

• To plan, direct and coordinate finance services functions of GSK entities covering treasury management, inventory management, account receivables, accounts payable, fixed assets management, payroll and financial reporting.
• To ensure adequate financial and management controls are in place to support the GSK entities in Nigeria.
• Support the commercial ambition of the business via cross functional engagement to drive business growth, profitability and create value for stakeholders
• Manage regulatory agencies - FIRS, SIRS, SEC, NSE and other affiliate agencies
• Develop and document business processes and accounting policies to maintain and strengthen internal controls
• Support the commercial risk management process by identifying and reviewing potential finance risk exposures and making recommendations to minimise cost or damage should a loss occur.
• Interface with GMS finance team to achieve financial and management reporting

Key Responsibilities
Financial Reporting & Compliance:

• To develop, short, medium and long term strategic plans for financial reporting and drive compliance to achieve
• Provision of accurate and complete monthly financial statements and other management reports in line with GSK defined guidelines and stipulations of IFRS
• Support the production of the quarterly financial statements for presentation to the Board of Directors and publication in line with guidelines of SEC, NSE and Financial Reporting Council Nigeria
• Conduct periodic audits
• Provision of advisory services to the business on matters of corporate governance, corporate financial reporting and disclosure requirements
• Effective management of tax compliance with the laws of the federation Nigeria governing tax administration and payments
• Development of policies and SOPs to support proper running of the business and safeguard assets of the companies
• Proper accounting and management of the fixed assets of the GSK entities to ensure accuracy and completeness
• Ensure adequacy and correctness of management responses to management control reports issued by external auditors from time to time
• Proper over bank reconciliations and governance
• Review of financial statement and disclosures

Treasury management:

• Manage working capital to support business growth and expansion objectives as may be set from time to time.
• To ensure good governance and compliance with financial treasury requirement of the group
• To ensure the banking relationship are maintained and well managed
• Explore opportunities to invest surplus cash and obtain cash requirements at lowest cost possible.

Inventory & Fixed Asset Management:

• Management SB14 reporting
• Stock taking and reporting
• Ensure compliance with policies and improve the control environment on a continuous basis.

Accounts Receivables/Payroll:

• Drive compliance with credit control policy and reduce incidence of bad debt and expensive debt administration costs
• Ensure internal check of payroll input is adequate to guarantee completeness and data integrity
• Ensure sales are recorded correctly

Accounts Payable:

• Ensure timely payment of vendor and intercompany obligations.
• Develop integrity of payment process to ensure error proof payment system is in place.

Risk Management:

• Finance risk identification, assessment, & evaluation.
• Tracking & reporting of identified risk in line with Group policies management recommendations and
• Effective management of insurance portfolio of GSK entities and relationships with Insurance brokers
• Providing support, education and training to staff to build risk awareness within the organisation.

Manage and create team motivation:

• Identifying development needs during performance reviews
• Recruitment of right mix of staff
• Constructive feedback to enhance performance
• Coaching and mentoring as required

Complexity:

• Responsibilities cover coordination of all financial transactional activities and other departments (Marketing, Distribution, Sales, Administration, Production, IT) within GSK entities in Nigeria
• Manage strategic alliances between GSK Nigeria and its suppliers of goods and services, local regulatory agencies and other GSK sites

Requirements
Basic qualification:

• Qualified Accountant
• Required degree: Bachelors

Work Experience:

• 7-10 years' experience in Finance or accounting-related function
• Membership of professional bodies, ACA, ACCA, CITN
• Strong ERP exposure
• Proactive , self motivated and capable of working in a complex and challenging environment
• Strong interpersonal, communication and influencing skills.
• Proven ability to create commercial analyses and translate findings into strategic recommendations.
• FMCG commercial awareness.