Financial Controller (Supply Chain Division) at Food Concepts Plc

Job Purpose

• This role will focus on all internal controls relating to the SCD division of the business to enhance corporate governance
• culture and to ensure adherence to laid down policies, safeguard the company assets, minimize risks, ensure accuracy of records and promote operational efficiency and growth.

Core Responsibilities and Key Result Areas

Strategic Development and Implementation

• Developing financial strategy, including risk minimization plans and opportunity forecasting for the Division.
• Design and implement efficient Financial Operational manuals.
• Improving efficiency and reducing costs across all departments within the division,
• Design, review and update financial models.
• Design and maintain optimal working capital structure.
• Ensure transactions are carried out in line with Company’s approval matrix.
• Supervises, motivates, and leads teams by identifying roles and providing guidance on service output and quality.
• Provide insight and guidance contemporary Accounting and reporting issues.
• Ensure effective and efficient use of resources.
• Accounting, Operational & Financial Reporting.
• Lead the day-to-day activities of SCD Finance team in conjunction with the Head of Finance.
• Plan efficient allocation of financial and human capital resources.
• Actively promotes improvements on reporting in conjunction with the Supply Chain Division.
• Overseeing all financial control activities, including reviewing and analysis of daily, weekly and monthly reports.
• Provides financial advisory and consultancy services to the DMD-Supply Chain Division on various accounting matters including enhancing profitability and maintaining strong cashflows.
• Facilitate adequate funding for the division in conjunction with the Senior Manager Treasury.
• Manage vendor relationships in conjunction with the procurement team.
• Help the business to optimize inventory holding by developing optimal inventory- reorder level and enforcing same.
• Perform continuous assessment of the close process and process re-engineering to reduce the timing to close monthly financial report.
• Participates in supply chain projects on costs and working capital and process improvement projects.
• Take ownership of the division’s income statement and the statement of financial position, ensuring all financial statement assertions and information processing objectives are upheld and accounts schedule are prepared monthly for all balance sheet account lines.
• Providing Finance leadership (DMD-SS and HOF) with accurate and comprehensive financial information to guide effective policy making and financial strategies.
• Summarize budget trends, analyze deficiencies and report variances.
• Oversee the process of preparing, analyzing and interpreting periodic (weekly, monthly, quarterly, and annual) business performance reports for the departments within the Division and consolidated SCD reports, advising management on performance improvement mechanisms.
• Manage annual budgeting process for the division working with relevant partners.
• Timely communication deviation from plans.
• Ensure financial transactions are performed in compliance with company policies and applicable accounting standards.

Regulatory compliance

• Establish reporting procedures and ensure compliance with regulatory guidelines.
• Ensure that appropriate finance systems are maintained and that all procedures/controls are implemented.
• Ensure that all accounting records are in compliance with the approved policies and accounting standards.
• Oversee the proper maintenance of the division’s accounting records.
• Ensure timely delivery of audits as may be applicable to the division.

Key Performance Indicators

• Timely delivery of accurate monthly management Accounts and Dashboard.
• Minimal audit corrective journals for the division.
• Effective cashflow management.
• Top notch debt (payable) management.
• Delivery of monthly account schedules Timeliness and accuracy of monthly divisional reports.
• Timeliness and accuracy of balance sheet schedules (assets and liabilities).
• Accurate production reporting (minimal inventory variance) for CK and PPU.
• Subordinate Effectiveness.
• Timely reconciliation of vendor balances.
• Prompt conclusion of year end audits.
• Annual management budget and forecast.
• Overall Internal Audit Compliance Score.

Knowledge Requirements

• Knowledge of financial reporting and analysis.
•  Knowledge of Supply chain finance.
•  Knowledge of Accounting Standards and regulations (GAAP/IFRS etc.)
•  Knowledge of relevant Software Application Industry Knowledge.
•  Knowledge of Financial & Management Accounting Numerical Analysis.              

Job Specifications

Educational Requirements

• A good first degree in accounting or related discipline
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage.
• Membership of the ACCA, ICAN, or any other related professional qualification is required.
• Minimum of 10 years in Accounting and Finance with at least 5 years in Management capacity.

Decision Expectations

• Recommend operational, strategic and financial decisions
• Enforce agreed decisions
• Gives recommendations and makes investment decisions
• Provide information to auditors
• Ensures accurate financial reporting
• Analyze income, expenses and reconcile accounts