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  • Finance Career Opportunity at The Nigerian Bottling Company

  • Posted on: 22 September, 2016 Deadline: 29 September, 2016
  • View Jobs in Manufacturing / Production / FMCG View All Jobs at Nigerian Bottling Company
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    The Nigerian Bottling Company - Coca-Cola first arrived in Nigeria in 1951. That same year, the Nigerian Bottling Company Ltd (NBC) was incorporated to bottle and sell carbonated non-alcoholic beverages. NBC has the sole franchise to bottle Coca-Cola products in Nigeria.
    The Nigerian Bottling Company Ltd is one of the biggest companies in the non-alcoholic beverage industry in the country and is the sole franchise bottler of The Coca-Cola Company in Nigeria.
    Our company serves approximately 160 million people by producing and distributing a unique portfolio of quality brands, bringing passion to marketplace implementation, and demonstrating leadership in corporate social responsibility.

    Supply Chain Finance Analyst


    Job Reference     SCFA/09/2016
    Job role     Supply Chain Finance Analyst
    Functional areas     Finance
    Department     Finance
    Job Details    

    The Supply Chain Finance Analyst reports to Manufacturing Finance Manager/Logistics Finance Manager/Cost Ac, OH, OPEX & CDO Finance ManagerThe job holder is responsible for ensuring that financial data are accurate and reliable and routine reports are timely prepared, all variances are determined on time and explained in order to provide support with process improvements and decision making

    Other key responsibilities of the role include;

    • Own and Manage the information required for Supply Chain Overheads (Production + Logistics), verifying results and preparing reports, statements and submissions
    • Prepare accurate and timely reports related to Production & Logistics Overheads:
    • Perform the following assigned daily activities :
    • Daily Cost center and cost element coding review to reduce the incidence of frequent reclassification journals
    • Review all Raw materials usage variances in production to reveal huge variances for explanation
    • Review to ensure spares parts are not directly posted to general cost centers instead of internal orders
    • Review of postings to line specific cost centers in to ensure direct postings are not made to them;
    • Execute the order reports for PM, Vehicle and CAM and review the reasonableness of postings by maintenance planners and storekeepers
    • Review of PM and CAM orders for input of activity quantities Hours
    • Review of Petty cash document for completeness
    • Daily tracking of vendors bills in database/Cost Control via daily tracking and monitoring
    • Approval of all assets movements to other locations/plants
    • Perform the following assigned weekly activities :
    • Review all RMs usage variances to ensure all posted variances are allocated to produced goods
    • Check and ensure correction of all error logs of production execution orders
    • Review the settlement rules per order for correction and update
    • Business Loss highlights Review with other plant management team with agreed action plan
    • Every Monday Plant performance tracker to Head Office SC finance with evidence of review with the plant management team every Monday Generation of production reports
    • Volume, Yield, Breakages etccompare with standard and escalate as appropriate
    • Monthly payroll approvals Overtime, shift allowance and staff deduction
    • Communicate with the plant management team (Production + Logistics) for any updates that may affect financial results
    • Provide Risks and Opportunities to Finance after meeting with the plant management team
    • Provide inputs for Annual Business Plan and Rolling Estimate
    • Ensure adherence to company policy on annual vacation management
    • Strong participation In the monthly Rolling Estimate and Annual Business Plan (ABP) processWork closely with Production & Logistics departments
    • Prepare and share routine reports:
    • Weekly Energy cost tracking using cost driver report Provide variance analysis in terms of Price, Volume and Mix (usage);
    • Daily review of postings to cost centers for abnormally large amounts3)Weekly issuance of debt notes to HO for breakages & AGO used by third parties for deduction from their bills
    • Lead weekly expense review(MES), correction and analysis of balances therein with other plant management team
    • Ensure weekly generation of VMS consumption GRNAnd ensure appropriate GRN reference number and PO number are indicated on the invoice before dispatch to HO
    • Weekly review of GIT report to ensure all in coming goods are captured via GRN
    • Weekly analysis and review of 'Other Indirect material expense escalate negative trend and send report to HO SC finance
    • Daily tracking of sundry sales within the plant and depots
    • Sugar bags, empty drums, bad pallets, used nylon etc
    • Ensure the distribution of raw water balances to respective department in line with SAP processes and proceduresMonthly
    • Tracking provision for obsolete raw materials, finished goods, accidental breakages staff bad debt, etcMonthly report to HO SC finance
    • Lead the plant management in financial operation review before the SC leadership
    • Weekly review of plant financial variances to gain full understanding and drive change
    • Collate, verify, and review all monthly standard accruals before submission to head office
    • Lead the process of maintenance of a valid purchase order for raw water, AGO, PMS, and Natural Gas
    • Lead the process of monthly stock count, review, reconcile, obtain adequate explanation for stock differences and advise HO for booking
    • Monthly Coordination of plant Audit Committee report on remediation status to HO Internal Audit
    • Active participation in supply chain meetings/activities(Production & Logistics programmes )
    • Liaise with Production, Quality, Logistics, Engineering, other Finance Sub departments in order to ensure proper overheads accounting and explanation
    • Provide strong, clear financial input into project work and ad hoc requests for information
    • Get fully involved in implementing relevant SAP/GERS Change Management Actions
    • Attend all required training on SAP and develop self on SAP continuously in order to respond to business needs
    • Review current processes and design new/more efficient ways of utilizing current data to provide meaningful reports to senior management
    • Only candidates who meet the advertised criteria,will be shortlisted and contacted


    Education level    
    Bachelor Degree or equivalent in Economics, Accounting, Finance, Business Adminsitration, related field or equivalent
    Possession of ICAN or ACCA will be an advantage

    Experience needed     7

    Desired candidate profile    
    Bachelor Degree or equivalent in Economics, Accounting, Finance, Business Administration, related field or equivalent
    Possession of ICAN or ACCA will be an advantage

    The job holder must be:

    proactive, mature and results oriented
    demonstrate professionalism, numerical and analytical skills, good inter-personal skills
    have a strong knowledge of supply chain services and manufacturing operations to be able to carry out thorough review and analysis of data with a view to presenting value adding information to management
    Job location     Port Harcourt

    Method of Application

    Interested and qualified? Go to Nigerian Bottling Company career website on to apply

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