Finance Manager at BIC Nigeria

The Role:

Responsible for the efforts, results, and success of an organisation's finance department. Provides financial advice and support to help senior executives make key decisions.

Responsibilities:

Financial:

• Heading up the Finance Department of the Nigerian Subsidiary.
• Oversee, review, and adhere to the company’s financial transaction processing systems and build a strong financial discipline and accountability in the system.
• Lead and perform monthly closing activities within deadlines (e.g loading of Net Sales, P or L, inventory, CAPEX, Balance Sheet into HFM; FX Revaluation, Account Payable Revaluation etc.).
• Define with General Manager and Finance Director the annual spend targets for the different functions.
• Ensure intercompany accounts are properly and timely reconciled in line with group laid down procedures.
• Manage the accounting, tax, Financial Planning, and treasury units efficiently and effectively.
• Ensure robustness of financials through proper and timely application of accounting guidelines; implement/apply controls as per Group policies and processes.
• Update and implement financial policies and procedures.
• Analyze and generate insights on Budget Performance to drive decisions and action plans.
• Direct and supervise preparation of all fiscal reporting, such as, filling of all tax returns, Transfer pricing returns and management of company’s tax exposure/risk.
• Ensure regular performance of inventory counts for all warehouses.
• Supervise financial assistants and other employees in the facilitation of day-to-day operations, including tracking financial data, invoicing, payroll, etc.

Audit:

• Ensure timely engagement of external auditors to carry out statutory audit in line with local laws and group requirements.
• Maintain relations with external auditors and ensure timely completion of the statutory audit.
• Review the findings and recommendations made by the internal & external auditors and take corrective actions.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Provide suitable directions and leadership during internal audit inspection and compliance monitoring.

Operations:

• Work with the General Manager in running the business unit from a regulatory & an operational point of view.
• Work with Functional heads and teams to build their annual Operating Plan, Rolling Forecasts, and monthly Risk & Opps. for both Opex and CAPEX.
• Participate in the strategic planning process and key decisions such as business restructuring, annual operations plans, pricing decision, budgeting and rolling Forecasts.
• Contribute on the deployment of Group Initiatives (eg., new procurement processes, tools, etc.) within the division.
• Implement Standard Operating Procedures, operational best practices, and policies to improve the quality of company operations.
• Develop business cases and financial analysis for new product launches.

Risk Management:

• Ensure that all the company’s financial practices are in line with statutory regulations and legislations.
• Monitor all open legal issues relating to financial matters.
• Maintain and administer internal control and compliance policy ensuring that all key risks are covered by appropriate rules.
• Report risk issues of the entity to the Board of Directors.

Others:

• Manage the company payroll alongside with the HR to ensure hitch free payment and adequate reporting.
• Establish and implement a training program for new finance employees.
• Work with human resources units to secure candidates who will be an asset to the finance department.
• Serve as a Business Partner to a broad range of stakeholders (R&D teams, Marketing, S&D, Sales, IT, Procurement, Human Resources...) in the execution of their Strategic and Operating Plans.
• Respect BIC culture and contribute to the execution of BIC’s innovation agenda.

Qualifications:

• Advanced degree in accounting/business/finance
• Experience leading the finance function with direct reports
• Experience in the consumer goods industry and a blend of consulting is a strong plus