You are on MyJobMag Nigeria. Go to MyJobMag Nigeria instead.
  • Latest Job Announcement at FJAJobs Associates Limited

  • Posted on: 3 November, 2015 Deadline: Not Specified
  • View Jobs in Consulting View All Jobs at FJAJobs Associates Limited
  • Subscribe to free job alerts
  • If you have not been getting our emails, check your Spam folder folder on Yahoo or Promotions tab on Gmail; mark us as Not Spam and add us to your contact list. Learn how to

    FJA is part of the AfricaRecruit Limited (Registered in England: 4793819) group of companies. We may share your information with associated companies within this group in order to provide the services that you have requested.

    In no circumstances will we pass your information to third parties to enable them to contact you themselves about products and services which they offer.

    Factory Finance Associate


    Description :    

    Position Purpose:
    The candidate will be responsible to support in performing the following assignments:

    - Take charge of continuously monitoring ITC payment to JTI SA (With full reconciliations)
    - Timely and accurate reporting to GSC Finace HQ
    - Ensure transparency over JTI Product costing manufactured by ITC,
    - Ensure adherance to GSC Policies & Procedures and internal controls in general,
    - Participate in safeguarding JTI investments (M&E, FG, SP and Materials inventories)
    - Provide assistance and support to Factory Finance Manager

    Main Areas of Responsibility:

    1. Perfome weekly / monthly follow up with ITC payment to JTI SA

    • Perfome weekly / monthly JTI SA AR reconciliations vs HL payment to ITC
    • Reconciliation of JTI SA Acc Receivable from ITC versus Materials at ITC
    • Follow up with all ITC Forex sourcing transaction and Telex copies
    • Report on ITC Credit Line & AR evolution including status of Overdue

    2. Month End Closing / Actuals reporting:

    • Support in performing monthly Actual Product Cost calculation for the JTI
    • Portfollio (4 brands, 4 SKUs) and Explain variances to Standard.
    • Prepare monthly reports for GSC Finance HQ
    • Prepare Conversion Cost make-up & variance trend analysis
    • Follow up GME postings made from Entity Finance to Factory Cost

    3. Product Cost Planning / VMCUnder the supervision of Factory Finance Mgr., prepare Standard Product Cost (VMC) during, and eventually in between (Launches), Planning cycles (A&SP, May & September LE, TDT), in an accurate and timely manner.

    4. CAPEX

    - Control the CAPEX operations from a Finance perspective, i.e. commissionning, Asset numbering, Depreciation, GlobCon Load etc.
    - Provide guidance and support on Capital Expenditure projects to facilitate the decision making process.
    - Ensure close follow-up on project development and where applicable, post-implementation assessement.

    5. GSC Pol & Procedures / Internal Controls

    - Support and assist Factory Finance Manager in maintaining adequate internal controls in order to safeguard full compliance with JTI Product Cost Policies & Procedures.
    - Closely monitor Spare Parts Management Inventory & Reporting
    - Attend Finish Goods and Materials inventory counts, reconcile with inventory records and follow-up on discrepancies.

    6. GSC & Market Management Support

    - Provide Costing expertise and assistance to Factory Finance Manager
    a) Participate in the review of Costing assumptions used by ITC for its Selling Price to JTI
    b) Review & validate ITC cross charges to JTI

    7. Other / Ad-hoc- As may be required, provide assistance during the M&E importation process (gathering of documentation, etc).

    - Handle special projects on Management request.
    - Mornitoring of Consignment Inventory (Locally purchase NTMs), Re-Order Level, Issues of Purchase Requisition and Tracking of delivery

    Qualifications :    

    • University degree, preferably in Finance or business administration
    • At least 3 year experience in finance, strong knowledge of Factory processes (preferably tobacco industry), strong analytical skills and experience in Financial Reporting & Planning. International environment.
    • Excellent knowledge of English language, written and spoken.
    • Computer Literate (MS Excel & MS Project) & SAP knowledge.


    • Familiar with internal controls and other Factory Finance procedures
    • Knowledge of Accounting Software (SAP would be an asset).
    • Self starter able to work independently
    • Time management skills and ability to work under strict deadlines
    • Good communication and analytical skills
    • High degree of probity and integrity
    • Self-motivation, enthusiasm and desire to develop

    Method of Application

    Interested and suitably qualified candidates should send detailed CVs to

  • ❮ Back to All Jobs
  • Know more about FJAJobs Associates LimitedSimilar Jobs
  • Search for jobs by keyword
  • IT Personnel at Eduwalt Communications (EWC)
  • Information Technology (IT) Support Officer at a Downstream Oil and Gas Company - Stresert Services Limited
  • Church Administrator at Harbour Human Capital Solutions (HHCS) Limited
  • Sales Vacancies at Ascentech Services Limited
  • Customer Service Officer at Adexen Recruitment Agency
  • Payroll Officer at Oscar Temple
  • Financial Planning and Analysis Manager at Platinum Careers
  • Marketing Officers at Green Field Health Management Limited
  • Filter Jobs
  • State | Search by region instead




    Also include jobs without defined experience

    Job Title

Display your company or industry jobs on your website or blog Get Started
Send your application through

Yahoomail Gmail Hotmail