Financial Controller at Health Plus Limited

Reference #: HP/FIN/FC
Location: Lagos
Contract Type: Permanent
Job Functions: Accounting, Administration, Auditing, Banking, Data Analysis, Finance, Management, Retail
Industries: Accounting,Accounting & Auditing, Bookkeeping, Distribution, Warehousing & Freight, Ecommerce, Financial Services, Fmcg (Fast Moving Consumer Goods Sector), Food & Beverages, Freight / Shipping / Transport / Import / Export, Health / Fitness / Beauty, Healthcare, Hotel / Catering / Hospitality / Leisure, Management Consulting, Pharmaceutical / Medical / Healthcare / Hygiene, Procurement & Purchasing, Retail

Introduction

• Our company is currently seeking a Financial Controller to join our growing team.
• The Financial Controller will be responsible for the efforts and results of the finance department.
• He/she will report to the Chief Financial Officer (CFO) in regards to all financial and accounting activities.
• Overseeing the finance department’s staff in day-to-day operations.

Specification( Key elements of the role)
Management:

• Oversee all company accounts and investments
• Manage the Finance team, ensuring a timely and accurate monthly close process in accordance with approved accounting reporting standards
• Review and manage Accounts Payable and Accounts Receivable processes
• Maintain a documented system of accounting policies and procedures
• Oversee the operations of the department, including the design of a structure that is adequate for
• achieving the department's goals and objectives
• Oversee the accounting operations of three sales channels – retail, wholesale and ecommerce; specifically analyze and review the control systems, transaction-processing operations, monthly cost center closings, and accounting policies and procedures
• Monitor the cash flow position throughout the company, understand the sources and uses of cash, and provide insight to management on cash flow projections
• Understand and monitor all of the company’s liabilities
• Report to the CFO with timely and accurate financial information

Budgeting:

• Setup a Cost Center budgeting system
• Prepare the annual corporate budget(s).
• Implementation of budgeting & budgetary controls at all levels and across all operations of the Organization
• Coordinate and direct the preparation of the budget and financial forecasts and report variances
• Prepare monthly forecast update, primarily by working closely with department heads in forecasting their department’s overheads.

Transactions:

• Assure accuracy and timely recording of all transactions
• Ensure that accounts payable are paid in a timely manner
• Ensure that accounts receivable are collected promptly
• Ensure that daily, weekly and monthly bank reconciliations are completed
• Maintain the chart of accounts
• Prepare and review general ledger activities, journal entries and accruals
• Maintain an orderly accounting filing system
• Develop and document business processes and accounting policies to maintain and strengthen internal controls

Reporting:

• Prepare monthly reports, including comparative reports of operations results, financial position and variance explanations
• Prepare the annual budget and financial forecasts to Executive Management
• Auditing and reconciliation of Inventory and Fixed Assets
• Calculate variances from the budget and report significant issues to Management on a monthly basis
• Establish and implement financial reporting systems to comply with government regulations and legislation
• Assist the CFO in presenting reports to senior executives, stakeholders, and board members.
• Additional controller duties as necessary

Requirements
Desired Skills & Experience:

• Minimum 10 years relevant experience
• Relevant Bachelor's Degree in Accounting, Finance or related fields
• Relevant Master's Degree
• Must be ICAN/ACCA certified
• Ability to effectively train and develop Finance and Accounting Personnel
• Solid written and verbal communication skills and High attention to detail
• Strong time management, leadership, interpersonal and organizational skills to operate in a demanding, multi-tasking environment
• Interest in providing financial analyses and enjoy working on a diversity of accounting and finance issues
• Excellent knowledge in Excel
• Ability to identify and communicate issues with Senior Management.

Salary
Market Related.