Job Offers at Food Concepts Plc

Key Responsibilities:

• Processing of suppliers / vendor invoices for payment
• Maintaining the creditors’ schedule
• Ensure daily/weekly collection of Bank statements and   confirmation of cheques
• Manage all forms of payment (internet banking, Remita, interswitch etc)
• Keeping the financials documents organized and filed
• Detect and eliminate errors in payment request
• Confirm all retirement before another cash advance is processed for a staff
• Ensure posting of items received by the store into appropriate Trade Creditor’s account
• Verify all intercompany transactions across businesses - review and sign off on all intercompany transactions across the divisions
• Confirm on monthly basis that charges on COT and Interest are in line with the agreed rate.
• Perform any other related duties from time to time

Key Performance Indicators:

• Outputs
• Frequency
• Daily Cash Position
• Daily (12 noon)
• Review of Bank Reconciliation Statements
• Weekly (WD 2)
• Bank Charges/Interest Verification Report
• Monthly (WD 5)
• Report on Fixed Deposit
• Monthly (WD 5)
• Treasury Sectional Report
• Monthly (WD 5)

Skills, Competencies and Requirements:

• Skill to improve risk management through reduction/transparency of cash balances
• Banking transaction execution and settlement skill
• Cash and investment reporting skill
• Compliance to audit observation as to the segregation of duties with reference to back office functionality of recording transactions through a systematic driven authorization/execution process
• General Management Competencies/Requirements:
• Strong Oral and Written Communication skills
• Good Presentation Skills
• Relationship Management
• Strong Problem solving skills
• Ability to plan, schedule and coordinate effectively

Educational Qualifications/Experience:

• Minimum of university degree or HND Accounting, Finance or related discipline
• Minimum of 1 years post professional qualification experience.

Desired Personal Attributes:

• Integrity
• Proactive self-starter
• Assertive and tenacious
• Ability to work with little or no supervision
• Ability to work with all levels of management, build partnerships and teams
• Highly organized and able to adapt quickly to changing priorities
• Ability to cope with and work under pressure

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Job Purpose

• The Market Insight Officer is responsible for continuously researching markets, analyze competitor pricing and strategies, and adapting offerings to maintain competitiveness and profitability in a dynamic market landscape

Core Responsibilities and Key Result Areas

Market research

• Conduct research on target markets and competitor activity.
• Monitor price sensitivity and competitive pricing trends to optimize pricing decisions and maximize profitability.
• Identify opportunities for product differentiation and market positioning to stay ahead of competitors.
• Monitor competitor pricing, menu offerings, pricing strategies, promotions, and marketing strategies to inform strategic decisions and maintain a competitive advantage.
• Analyse market trends to identify opportunities for menu optimization.
• Stay abreast of fast-moving market and competitive developments.

Reporting

• Prepare comprehensive reports, presentations, and dashboards to communicate findings and recommendations to key stakeholders, including senior management

Key Performance Indicators

• Weekly price trend report
• Weekly competitor updates on pricing, promotion, menu offerings
• Monthly Market trend report

Knowledge Requirements

• Demonstrates good research, quantitative, and analytical skills.
• Excellent attention to detail
• Competent in software programs such as Microsoft Office, Excel and PowerPoint
• Highest standards of accuracy and precision; highly organized
• Demonstrates commercial and economic awareness, including an awareness of global economic factors that can influence the Food & Beverage and QSR industry.
• Ability to think creatively, highly driven and self-motivated.
• Knowledge of written and verbal communication skills.

Requirements

• Bachelor’s Degree in Accounting/Finance/ Statistics or related field
• Membership of the ACCA, ACA or any other related professional qualification is required.
• Minimum of 0-2 years experience in market research, data analysis, or business intelligence,.
• Experience in a QSR company in a similar role is an asset

Decision Expectations

• Utilize market research insights to inform pricing and product positioning decisions.
• Implement findings from competitor pricing and menu analysis.
• Convert market insights into actionable menu and promotional recommendations.
• Incorporate market and competitive developments into quarterly strategic reviews.