3 weeks ago
Job title : Chief Financial Officer (QSR Industry)
Job Location : Lagos
Deadline : October 12, 2024
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- The ideal candidate will have to build and lead a high-performing finance function that provides clear data to support profitability, ensures 100% compliance with statutory and regulatory obligations, safeguards assets and revenue, delivers relevant and actionable business insights and assures the accuracy and integrity of financial reporting, all within a one-year timeframe.
Responsibilities
Team Development and Leadership
- Develop an organogram and recruit ïA’ players with clear roles that delivers on Mission
- Review existing organogram and team including roles and responsibilities.
- Present clear thoughts on proposed changes.
- Implement relevant changes.
Financial Reporting and Governance
- Ensure accuracy, transparency, and integrity in management and financial reporting.
- Review systems and processes for data collation and reporting (from store level to head office) for accuracy, present relevant findings and conclusions with 3-months.
- Implement changes as required to ensure 100% data accuracy and transparency.
- Prepare clear and simple templates for store level and corporate reporting; train as required to guarantee culture change at all levels.
- Review pricing weekly and make documented recommendations to protect naked margin (i.e. revenue less food and packaging costs).
Revenue Assurance and Regular Asset Reconciliation
- Provide revenue assurance and ensure regular and accurate reconciliation of key balance sheets and other key accounts (investigate and report discrepancies in a timely fashion)
- Daily revenue and cash reconciliations
- Monitor and ensure daily inventory count, reporting and reconciliation at the Store Level
- Oversee monthly inventory review count and reconciliations
Profitability & Cost Management
- Enhance profitability through effective cost control and margin improvements
- Complete a full menu profitability analysis within 3-months, with recommendations for optimizing menu offerings to boost revenue.
- Target operating profit improvement across the store network by reviewing and reducing unnecessary costs.
- Support operations to deliver meaningful costs reductions for food, labour and energy costs.
Cashflow and Liquidity Management
- Improve cash flow management and ensure liquidity for business operations.
- Implement a robust cash flow forecasting system that accurately projects 12-month liquidity needs and identifies funding gaps.
- Review and improve inventory and payables management practices to ensure adequacy of working capital.
- Clear framework for vendor payments and overall debt reduction for the business.
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now
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