The Prima Group has been doing business in Nigeria for over 45 years. Founded as a partnership in 1965 by the late Naraindas G. Vaswani, the company was incorporated in 1974. Since founding, the group has grown from an import oriented trading company to a medium-sized conglomerate with interest in banking, manufacturing, trading, and real estate.
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The Plant Controller is responsible for planning and coordinating plant budget and business planning activities in alignment with corporate policies and practices. The incumbent will provide financial direction to the plant and provide recommendations to improve site performance.
S/He will be a part of the BU finance team and will be responsible for Product Costing, Cost Control, Inventory Management, Book Keeping, Factory MIS and Compliance.
Estimate product costs to support quoting activities
Understanding manufacturing processes, yield computations of raw material, updating BOM on regular basis, overhead absorption.
Provides management with timely, relevant financial information so that they can better understand the business and cost/revenue profile.
Prepare forecasts of income statement, balance sheets, and statement of cash flows for the Plant.
Manage month-end closing and prepare monthly financial statements and other operational reports for site.
Manage all accounting operations including Billing, A/R, A/P, G/L, Inventory/Cost Accounting and Revenue Recognition.
Conduct Monthly Analysis, such as Inventory valuation, Gross margin analysis, Ageing analysis and provisioning, RM Purchase price variance, review of yield variance and Run material ledger.
Monitor and implement plant internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks
Ensure Compliance to systems, policies, & controls at the Plant
Coordinate with Internal & External Auditors to ensure smooth plant audit.
Collaborates with the Finance Head, Plant accountants and senior management to explain results, make improvements, manage projects, identify inefficiencies, understand operations and lead the development of complex analysis.
Investigates and recommends improvements to the current financial system, work standards and procedures to contribute towards improving profitability through cost control, improved internal controls and greater work efficiency.