Finance Manager at Frutta Foods and Services Nigeria Limited

Employment Type: Permanent
Reporting to: Chief Executive Officer

Job Description
General Accounting:      

• Oversee financial and accounting processes to ensure compliance with Corporate and local policies, statutory requirements and IFRS. Maintain ethical standards with unyielding integrity.
• Serve as the primary contact with independent auditors and audit-related accounting matters.
• Manage administration of accounts receivable, accounts payable, inventory control accounting and payroll.
• Oversee month end close process to ensure timely closure and financial reports preparation.

Budgetary Function:

• Preparation of annual budgets - Profit & Loss, Cash Flow & Balance Sheet.
• Analyze and report variances - Propose and implement remedial action.
• Estimate the requirement of funds - short term and long term.

Financial Management Reporting and Cost Control Function:

• Implement financial controls and develop financial management mechanisms to minimize financial risk. Maintain a documented system of accounting policies and procedures.
• Manage the company's financial reporting systems.
• Produce accurate financial reports to specific deadlines including:
  • Monthly management accounts
  • Flash reports
  • Working capital
  • Board & Investor Packs
• Analyze, interpret and report operating results and make specific recommendations to achieve cost effectiveness and profit improvements.
• Provide gross profit reporting, analyses, and forecasting.
• Anticipate management needs and develop analyses in response to those needs and in support of management decisions.

Balance Sheet and Assets Management Function:

• Work with operating personnel to achieve effective balance sheet and assets management.
• Oversee development and carrying-out of inventory control procedures, including physical stock-take and audit.
• Account for and maintain proper inventory reserves for Excess, Expired and Obsolete Inventory.
• Review assets register to keep track of and safeguard company assets.

Cash Flow Management & Control Function:

•  Daily control of elements affecting working capital.
• Oversee operational cash management and cash flow forecasting.

Audit Function:

• Oversee preparation of financial accounts for auditing purposes.
• Oversee annual audits.
• Liaising with auditors to ensure that annual monitoring is carried out effectively.
• Conduct internal audits

Control Function:

• Develop and implement accounting policies, procedures and internal controls in support of business processes and decisions.
• Ensure all activities comply with relevant Acts, legal demands, ethical standards, and the internal management policies.
• Review the preparation and submission of company statutory documents

Qualifications

• First Degree in a relevant field (Accounting/Business Management)
• A post-graduate degree or MBA will be an added advantage.
• Strong commercial finance experience.
• Minimum of eight (8) years’ relevant work experience.
• Previous experience as a Finance Manager in Beverage/FMCG industry a must
• Outstanding oral and written communication skills.
• Demonstrated ability to evaluate and balance team and individual workloads.
• Negotiation skills, analytical skills and ability to multitask.