Jobs at Food Concepts Plc

Requisition ID: 1720

Job Summary

• To ensure timely report on daily cash position for utilization of funds. To monitor and coordinate the banking transactions/activities of the organisation.

Responsibilities
Managing Cash Assets:

•   Prepare daily cash position report
• Monitor and follow-up with investment placement including interest and roll-overs
• Review imprest system
• Review daily sales and daily lodgement verification
• Vet payments   to suppliers and ensure invoices are in order for payment
• Assist in listing vendors for payment
• Ensure the cash position is updated to inform the management about firm liquidity and where cheques are written.

Treasury Advisory:

• Advise management on utilization of surplus funds
• Assist to evaluate the fiscal decisions of their organization and recommending the best possible course of action.
• Analyse the risks and rewards of various decisions on a regular basis
• Ensure the management understands the risks of any given financial decision and is aware of alternative decisions they might be better off making instead.
• Recommends fixed cash to yield interest for the company, in a case of availability of excess funds.

Bank Oversight:

• Monitor daily bank balances to payment instruments are not issued on unfunded account.
• Manage bank POS terminals and deployment
• Maintain relationship with bank officials
• Ensure all treasury transactions are posted and reconciliation of GL and sub GL accounts
• Confirm and verify bank charges
• Review bank reconciliation report
• Monitor and ensure payment processes are strictly adhered to
• Assist in guiding the bank reconciliation process monthly
• Confirmation of cheques

Key Performance Indicators

• Provision of Daily cash report
• Provision of Bank Reconciliation Report
• Percentages of account balances reported daily
• Percentages of cash transactions reconciled daily
• Time taken to create month-end accounting journals for all treasury transactions
•  Rate of compliance with internal controls especially on payments
• Accuracy of forecasted investment income

Job Specifications

• A good first degree in Accounting or Finance
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
• Minimum of  3 years in a core financial/treasury capacity
• Membership of the Certified Treasury Professional(CTP), ICAN, ACCA, CFA or any other related professional qualification is required, as well as courses on  Treasury and Fund Management

Knowledge Requirements:

• Knowledge of Cash Management Principles
• Knowledge of banking systems and processes
• Knowledge of the Food/QSR Industry processes
• Knowledge of the Microsoft Excel software

Decision Expectations:

• Recommend operational, strategic and financial decisions
• Make recommendations to the management on best investment alternatives
• Enforce agreed decisions
• Assign work to subordinates
• Monitor subordinates’ work performance
• Appraise/evaluate subordinates’ performance

Internal Contacts (most frequent contacts):

• Executive Management
• Senior Management

External Contacts (most frequent contacts):

• Service Providers/ Vendors
• Banking Institutions
• Auditors/Consultants
• Financial Advisers

Purpose of Contact:

• Exchange or provide information
• Obtain, clarify, and discuss information
• Present, discuss information and problems
• Collaborate, negotiate and present ideas
• Deal with, influence or motivate subordinates
• Promote, justify or settle highly sensitive matters.

Working Conditions

• Jobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
• This role is largely office-based, although at times the job may require travel to meetings held off-site, as the company has more than one office.
• It also involves maintaining relationship with banking institutions.
• The role can be quite demanding as jobholder bears the brunt of accounting for cash regularly.

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Requisition ID: 1140

Job Summary

• To maintain creditors schedule and ensure accurate cheques writing and cash disbursement.

Responsibilities

• Processing of suppliers / vendor invoices for payment.
• Prepare Creditor’s Age Analysis for tracking un-paid invoices.
• Schedule payment of suppliers’ invoices and ensure that they are due before being paid.
• Maintaining the creditors’ schedule.
• Keeping the financials documents organized and filed.
• Detect and eliminate errors in payment request.
• Imputing of all invoices and payment vouchers to the general ledger.
• Process and disburse expense reimbursement.
• 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
• Finalize posting of products received by Warehouse and recognize respective suppliers.
• Prepare schedule of paid invoices and Bank confirmation letter.
• Update Creditor’s account through proper allocation of payments made on daily basis.
• Ensure proper posting of Payment Vouchers for OPEX, salaries, projects and repairs.
• Prepare weekly Payment Analysis for Cash flow report
• Perform any other task as may be assigned from time to time

Key Performance Indicators
To be measured Weekly:

• Creditors ageing analysis
• Payment analysis schedule
• Status report of outstanding invoices
• Status report of Outstanding posting of invoices and payment vouchers.

Job Specifications

• Minimum of university degree or HND Accounting, Finance.
• Minimum of 2 years post qualification experience.

Functional Competencies/Requirements:

• Promptness in treatment of payments within SLA limits.
• Accuracy of written cheques and cash payment.
• Timeliness in accuracy of GL entry.
• Responsiveness of internal and external clients request.

General Management Competencies/Requirements:

• Strong Oral and Written Communication skills
• Good Presentation Skills
• Strong Negotiation Skills
• Relationship Management
• Strong Problem solving skills
• Ability to plan, schedule and coordinate effectively

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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Requisition ID: 1124

Job Summary

• Ensure compliance with organization processes, procedures and policies and other support for Chicken Republic Stores

Responsibilities

• Ensures that internal control documentation is accurate and up-to-date
• Ensure compliance with organization processes, procedures and policies
• Verify and maintain internal control checks and records including asset tags to ensure the safeguard of the company
• Track cash advance for unnecessary delay in retirement
• Create and maintain an error log closed register to ensure that all identified documentation errors are corrected and closed
• Review Imprest and relate with stores for any irregularities when necessary
• Conduct a periodic physical verification of stock assets monthly
• Vouch and verify all payment vouchers for approval completeness and accuracy
• Supervise the receipts of goods from suppliers and certify the GRN
• Review of administrative operations (Admin and Maintenance)
• Ensure that all necessary corrections are effected, vouchers are properly authenticated
• Prepaid expense retirement review
• Call over of SCD- Finance and finance posting on Oracle
• Due diligence and pricing review
• Ensure that all internal control  registers are updated and closed daily
• Any other ad-hoc assignment as assigned by the HOD

Key Performance Indicators

• The time lag between internal control deficiency occurring and reporting
• Number of internal control improvement initiatives
• Number of internal control breaches
• Identify and respond proactively to business priorities and key controls
• Timely rendition of reports weekly, monthly, quarterly and yearly basis to track support provided to the business and the impact of such support
• Prompt implementation and corrective action with employees and managers

Job Specifications

• Minimum of university degree or its equivalent in related discipline
• Minimum of 2 years post-professional qualification experience
• Knowledge of complex food manufacturing accounting systems would be an added advantage

Functional Competencies/Requirements:

• Financial accounting skills
• Strong knowledge of audit procedures

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.