Financial Controller needed at Novella Africa

Job title : Financial Controller

Job Location : Lagos

Deadline : June 08, 2024

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Responsibilities

General Accounting

  • Provide finance leadership and oversee financial and accounting processes to ensure compliance with Corporate and local policies, statutory requirements, and IFRS. Maintain ethical standards with unyielding integrity.
  • Lead the smooth implementation of the company’s financial solutions and applications, including SAP
  • Serve as the primary contact with independent auditors and audit-related accounting matters.
  • Manage administration of accounts receivable, accounts payable, inventory control accounting, and payroll.
  • Oversee month-end close process to ensure timely closure and financial reports preparation.

Budgetary Function

  • Preparation of annual budgets – Profit & Loss, Cash Flow & Balance Sheet.
  • Analyze and report variances – Propose and implement remedial action.
  • Estimate the requirement of funds – short-term and long-term.

Financial Management Reporting and Cost Control Function

  • Implement financial controls and develop financial management mechanisms to minimize financial risk.
  • Maintain a documented system of accounting policies and procedures.
  • Manage the company’s financial reporting systems.
  • Produce accurate financial reports to specific deadlines including, Monthly management accounts, Flash reports, Working capital, Board and investor Packs
  • Analyze, interpret, and report operating results and make specific recommendations to achieve cost-effectiveness and profit improvements.
  • Provide gross profit reporting, analyses, and forecasting.
  • Anticipate management needs and develop analyses in response to those needs and in support of management decisions.

Balance Sheet and Assets Management Function

  • Work with operating personnel to achieve effective balance sheet and assets management.
  • Oversee development and carrying-out of inventory control procedures, including physical stock take and audit.
  • Account for and maintain proper inventory reserves for Excess, Expired and Obsolete Inventory.
  • Review assets register to keep track of and safeguard company assets.
  • Cash Flow Management & Control Function
  • Daily control of elements affecting working capital.
  • Oversee operational cash management and cash flow forecasting.

Audit Function

  • Oversee preparation of financial accounts for auditing purposes.
  • Oversee annual audits.
  • Liaising with auditors to ensure that annual monitoring is carried out effectively.
  • Conduct internal audits

Control Function

  • Develop and implement accounting policies, procedures and internal controls in support of business processes and decisions.
  • Ensure all activities comply with relevant Acts, legal demands, ethical standards, and the internal management policies.
  • Review the preparation and submission of company statutory documents

Requirements

  • First degree in a relevant field (Accounting/Business Management)
  • A post-graduate degree or MBA is mandatory.
  • Strong commercial finance experience.
  • Minimum of ten (10) years’ relevant work experience including 4 years in senior leadership position.
  • Previous experience as a Financial Controller in the Beverage/FMCG industry is essential.
  • Strong understanding and proficient use of SAP is essential
  • Outstanding oral and written communication skills.
  • Demonstrated ability to evaluate and balance team and individual workloads.
  • Negotiation skills, analytical skills, and ability to multitask.

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

  • Accounting / Financial Services  jobs
  • Financial Controller jobs

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