Manager - Financial Planning and Analysis at Promasidor

Job Objectives

• Be concerned with business data gathering (from internal & external sources) analysis, processing, interpreting and communicating the result information so that management can effectively plan, make decisions and control operations.
• This shall be executed through the following functional areas.

Key Responsibilities
Management Accounting Functions:

• Provide leadership and quality supervision for the Business support team
• Coordinating and preparation of the company’s operational master budget annually and involve in standard setting across the company.
• Coordinate and facilitate the preparation of the company’s mid-year forecast and financial projection
• Ensure accurate uploading of budget figures into the company’s ERP
• Ensure effective implementation of budgetary control and monitoring
• Undertake detailed analysis of variances, underscore the root cause and recommend necessary action points
• Liaising with budget holders to ensure all keep to the budget rules and agreed cost
• Ensure integrity of accounting entries in the company’s records
• Undertake detailed review of the P&L and Balance Sheet accounts and bring to the management noted areas of concern for corrective measures
• Preparation of ad hoc report for management use, including building business cases, scenarios, simulations and sensitivity analysis for informed decision making
• Monitor adherence to the financial and accounting control procedures
• Preparation of management reports including product gross margin analysis
• Industry Analysis of related and competitors published accounts.

Accruals/provisions:

• Update monthly provisions and accruals in local books.
• Update monthly provisions in management reports.
• Ensure adequate provisions to avoid overstatement of our profit.

Analyze OPEX:

• Deliver monthly OPEX analysis and reporting
• Advise on areas of OPEX improvement
• Drive cost saving initiatives

Revenue management:

• Prepare, Analyze and Report Monthly Revenue and Naked Margin
• Ensure Price compliance (Approved vs Actual price).
• Perform profitability appraisal - brands, customers, etc.
• Validate approval of all sales discounts and ensure all sales promotions are duly applied as approved.

Business Support Functions:

• Assist in ensuring the accuracy and completeness of Marketing accruals and provisions and efficient and effective information on marketing spend. Analyzing Marketing cost (ATL/BTL) by brand.
• Advise Marketing team on marketing/Finance related issues.
• Support management team and the Heads of Department with data-driven analysis
• Implement a business intelligence tool and dashboard reports

Project Management Office:

• Support PMO project appraisals, providing complete and accurate project and investment appraisals for timely delivery of required output.
• Advise Project managers on PMO/Finance related issues.
• Building business cases with proper calculation of NPV, IRR and payback periods for an informed decision making

Job Requirements

• HND / B.Sc in Accounting.
• Professional Qualification: ACA or ACCA. Computer literacy and advance user of excel is a must

Experience:

• Minimum of 8 years of working experience in a structured organization.

Knowledge & skills:

• Sound Knowledge of the Nigerian Accounting Standard & IFRS
• Advance user of excel
• Advance analytical skills
• Advance financial modelling

Personal Attributes:

• Good Communication skill
• Interpersonal Relationship
• Team Building Spirit
• Ability to work under pressure
• Ability to impact knowledge on subordinates
• Ability to use Excel, Word and PowerPoint applications
• Attention for details.