Financial Controller Lagos at Domeo Resources International (DRI)

Main Function    

The Financial Controller is responsible for overseeing all financial operations of the organization, including budgeting, accounting, financial reporting, internal controls, treasury management, and regulatory compliance. The role ensures the accuracy and integrity of financial information while supporting strategic decision-making and maintaining strong financial governance.

The ideal candidate must be analytical, detail-oriented, and highly organized, with strong leadership skills and extensive experience in financial management and reporting.

Role Responsibilities

Financial Planning and Budget Management

• Lead the preparation of annual budgets, forecasts, and financial projections.
• Monitor budget performance and provide variance analysis with recommendations.
• Support management in strategic planning and financial decision-making.
• Develop financial models to evaluate business performance and new opportunities.

Accounting and Financial Reporting

• Oversee bookkeeping, general ledger operations, and month-end/year-end closing processes.
• Prepare accurate and timely financial statements in line with accounting standards.
• Ensure compliance with IFRS, GAAP, and local financial regulations.
• Review and approve accounting entries, reconciliations, and financial reports.
• Maintain proper documentation of all financial transactions.

Internal Controls and Compliance

• Develop and enforce strong internal control systems to safeguard company assets.
• Conduct periodic audits to ensure compliance with financial policies and procedures.
• Identify risk areas and implement corrective and preventive measures.
• Ensure adherence to corporate governance, tax laws, and statutory requirements.
• Liaise with external auditors during annual audits and ensure timely resolution of audit queries.

Cash Flow and Treasury Management

• Manage daily cash flow, banking operations, and liquidity planning.
• Oversee payments, collections, and bank reconciliations.
• Develop strategies to optimize working capital and reduce financial risk.
• Maintain strong relationships with banks and financial institutions.

Cost Management and Financial Efficiency

• Monitor and analyze operational costs to identify savings and efficiency opportunities.
• Implement cost-control measures and financial discipline across departments.
• Review procurement processes and ensure value-for-money expenditures.

Taxation and Regulatory Compliance

• Ensure accurate and timely filing of tax returns (VAT, PAYE, WHT, CIT, etc.).
• Maintain updated knowledge of tax laws and regulatory changes.
• Coordinate tax audits and ensure full compliance with tax authorities.
• Provide guidance on tax planning and regulatory requirements.

Financial Strategy and Business Support

• Provide financial insights and recommendations to support business growth.
• Evaluate investment proposals, capital projects, and expansion opportunities.
• Track financial KPIs and develop improvement strategies for profitability.
• Support management in pricing decisions, revenue analysis, and market trends.

Leadership and Team Management

• Lead, mentor, and supervise finance and accounting staff.
• Assign responsibilities, monitor performance, and ensure high-quality output.
• Identify training needs and coordinate capacity-building programs for the finance team.
• Promote a culture of accountability, accuracy, confidentiality, and professionalism.

Competencies/Skills    

• Strong knowledge of accounting principles and financial management.
• Expertise in budgeting, forecasting, and financial analysis.
• Excellent leadership and team management abilities.
• High proficiency in financial software, ERP systems, and Microsoft Excel.
• Strong analytical, critical thinking, and problem-solving skills.
• Excellent communication and presentation abilities.
• Deep understanding of regulatory compliance, taxation, and audit processes.
• Strong attention to detail and accuracy.
• Ability to work under pressure and meet deadlines..

 Behavioural Qualities/Other Competences    

• High level of integrity, professionalism, and confidentiality.
• Strong ethical judgment and accountability.
• Self-motivated, disciplined, and reliable.
• Strategic thinker with a proactive mindset.
• Excellent interpersonal and leadership qualities.
• Strong work ethic and commitment to excellence.
• Ability to adapt to dynamic business environments.

Experience/Qualification    

• Bachelor’s degree or HND in Accounting, Finance, Economics, or related field.
• Professional certification such as ICAN, ACCA, or CPA is required.
• Minimum of 7–10 years of progressive experience in accounting or financial management.
• Experience in corporate finance, budgeting, and internal control systems.
• Prior experience in hospitality, manufacturing, retail, oil & gas, or FMCG sectors is an advantage.
• Strong familiarity with IFRS, audit processes, and financial reporting standards.