Senior Manager, International Financial Reporting Standards & Consolidation (IFRS&C) at Flour Mills of Nigeria Plc

PURPOSE

• We are seeking a highly skilled and detail-oriented Senior Manager IFRS and Consolidation to oversee the consolidation and financial reporting processes for our diversified manufacturing group. The ideal candidate will be responsible for ensuring timely and accurate preparation of consolidated financial statements in line with International Financial Reporting Standards (IFRS), supporting internal and external reporting, and working closely with independent divisional finance teams.

THE JOB

• Lead the end-to-end group consolidation process for multiple manufacturing divisions across different locations.
• Prepare accurate and timely consolidated financial statements in compliance with IFRS and group reporting deadlines.
• Ensure proper elimination of intercompany transactions, including inventory transfers, management fees, and intercompany loans.
• Provide technical guidance and interpretation of complex IFRS standards (e.g., IFRS 10, 15, 16, IAS 2) as they apply to manufacturing operations.
• Review and ensure the correct application of IFRS accounting treatments for inventory valuation, revenue recognition, fixed assets, and production-related costs.
• Overall responsibility for intercompany reconciliations and coordination of balance sheet reconciliation for the different legal entities.

THE PERSON MUST

• Have excellent verbal and written communication skills.
• Have strong technical knowledge of IFRS, especially IFRS 10 (Consolidated Financial Statements), IFRS 15 (Revenue), IFRS 16 (Leases), and IAS 2 (Inventories).
• Be proficient in using consolidation software (e.g., SAP BPC, Oracle Hyperion, or similar) and advanced Excel skills.

QUALIFICATIONS

• Bachelor's degree in accounting, Finance, or related field.

EXPERIENCE

• Minimum of 10 years of post-qualification experience, with at least 3 years in a consolidation or IFRS reporting role.