Financial Controller

Company Description

Africa's Favourite Fruit Juice & Beverage Company. Established in 2003, Frutta has stayed committed to delivering a variety of the best quality fruit juices and beverages for the Nigerian and West Africa market.

Our operational processes conform to international and Nigeria standards to exceed our consumers’ expectations. We use the finest raw material from around the globe to blend our juices and drinks using the most advanced safe technologies under hygienic conditions.

We are recruiting top talent to fill the position below:

Job Title: Financial Controller

Reporting to: CFO

Location: Lagos

Employment Type: Permanent

Job Description

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:
• 1. Monthly management accounts
  2. Flash reports
  3. Working capital
  4. Board & 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

Qualifications

• First degree in a relevant field (Accounting/Business Management)
• A post-graduate degree or MBA is mandatory.
• ACA/ACCA/FCA 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 Beverage/FMCG industry is essential.
• Strong understanding and proficient use of SAP is essential.
• Excellent knowledge of industry and finance best practices
• Excellent financial modelling skills
• Outstanding oral and written communication skills.
• Demonstrated ability to evaluate and balance team and individual workloads.
• Negotiation skills, analytical skills and ability to multitask.
• Must be able to coach finance team.
• Very hands-on with excellent leadership skill.

Additional Information

SAP practical experience and finance experience in FMCG is required.