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  • Career Opportunity at JTI

  • Posted on: 7 February, 2016 Deadline: Not Specified
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  • JTI Is Recruiting to Fill the role of Factory Finance Associate in Ilorin.

    Factory Finance Associate


    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:

    • 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
    • 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
    • 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.
    • 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.
    • 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.
    • GSC & Market Management Support
      • Provide Costing expertise and assistance to Factory Finance Manager
      • Participate in the review of Costing assumptions used by ITC for its Selling Price to JTI
      • Review & validate ITC cross charges to JTI
    • 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


    • 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

    To apply, send your CV to

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