Latest Jobs at Flour Mills of Nigeria Plc

Purpose

• To oversee the financial processes relating to production activities, ensuring accurate costing, inventory control, and financial reporting while acting as the financial interface between Production and Central Finance to safeguard the company’s financial interests.

The Job 

• Coordinate production, inventory, and costing processes to ensure accurate financial reporting.
• Manage month-end closing for production, inventory, and costing, including system recalculation and closure.
• Prepare monthly production reports, cost analysis, and trend reports.
• Ensure Bills of Materials (BOMs) are correctly set up with accurate ingredients, quantities, and conversion costs.
• Prepare product cost analysis, cost per ton, and capacity utilization reports.
• Review direct cost components including labour, power, depreciation, and maintenance.
• Monitor conversion cost recovery and provide analysis and recommendations.
• Investigate costing variances and ensure corrective actions are implemented.
• Monitor production postings daily to ensure accuracy in ERP system.

Qualifications

• B.Sc. / HND in Accounting, Finance, Economics, or related discipline.
• Professional qualification (ACA / ACCA or equivalent) is required.
• Master’s degree will be an added advantage

Experience:

• Minimum of 5 years’ experience in manufacturing finance, costing, or production finance.
• Experience in FMCG or manufacturing environment is required.

The Person Must:

• Have good interpersonal and communication skills.
• Possess strong analytical and numerical skills.
• Have good knowledge of production finance, costing, and inventory control.
• Strong knowledge of ERP systems and inventory/costing processes.

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Purpose

• To effectively monitor all inventory transactions relating to production materials, finished goods, engineering spares, and other stock items to prevent financial exposure and ensure accurate financial control of inventory within Flour Operations.

The Job 

• Ensure all inventory transactions and stock transfers are correctly posted in the system.
• Perform monthly reconciliation of inventory sub-ledger with the general ledger and resolve all variances.
• Ensure adequate provision is made for stock losses and prevent prior-year adjustments.
• Implement proper controls and approval processes for stock write-offs.
• Monitor stock status to ensure correct item setup and accurate costing at all times.
• Ensure there are no negative stock balances or incorrect inventory postings.
• Monitor transit locations to ensure transfers are completed within standard timelines.
• Reconcile manual inventory records with system records to ensure accuracy.
• Prepare weekly and monthly inventory reports, including movement analysis and stock level reviews.
• Ensure all spare parts transactions are correctly recorded and monitored.

Qualifications

• B.Sc. / HND in Accounting, Finance, Economics, or related Social Science discipline.
• Professional qualification (ACA /ACCA or equivalent) is required.
• Master’s degree will be an added advantage.

Experience:

• Minimum of 5 years’ experience, with at least 3 years in manufacturing finance or inventory control.
• Experience in FMCG or manufacturing environment will be an added advantage.

The Person Must:

• Have good interpersonal and communication skills
• Possess strong analytical and problem-solving skills.
• Have good knowledge of inventory control and manufacturing finance.
• Be able to work under strict deadlines and reporting timelines.