Group Financial Controller at Excellent Jobs

Excellent Jobs is a consulting and recruitment firm dedicated to hiring and managing great talents for its clients.

We are recruiting to fill the position below:

Job Title: Group Financial Controller

Location: Yaba, Lagos
Employment Type: Full-time

Job Summary

• Financial Controller is responsible for driving growth in the company and setting business objectives for the company. He must have strong business acumen with great people management skills.

Job Responsibilities

• Responsible for creating and delivering the growth strategy for the business with full P&L accountability.
• Responsible for general management of the business unit and provides guidance to managers and other leadership colleagues as well as motivation to all staff within the unit.
• Supervise and assign duties to company subordinates.
• Operate a client-responsive organization and be the point elevation person for clients when required.
• Oversee the store, account and finance to ensure proper accountability, etc.
• Direct the planning and coordination of a Greengates Group plan including facility expansion and equipment modifications to support future business growth and compliance.
• Leads the budget process and accounting, booking keeping of stock

Financial Obligations:

• Preparation and presentation of Monthly, Quarterly and Yearly Group financial statements.
• Preparation financial Forecast and Budgets for the Group (Production budget, financial budget, cash budgets etc.
• Set and enforce realistic targets for each subsidiary Company’s in the Group.
• Preparation of standard and acceptable Standard Level Agreements (SLA) that support transfer pricing policies between the companies within the Group.
• Overseeing daily accounting and finance functions of all the subsidiaries within the Group.
• Prepare and report Weekly Group liquidity updates.
• Prepare and report Weekly Group financial obligation updates.
• Maintaining a strong corporate relationship with financial institutions.
• Develop a low risk investment framework for investment application of excess liquidity for relevant value creation.
• Carry out all treasury functions for the Group.
• Providing all relevant financial advice for all projects within the Group.
• Review from time to time all account and finance functions for all the Accounts staff in all the subsidiaries.
• Liaise with the subsidiaries External Auditors, Account Consultants, Tax consultants etc.
• Draw up Audit exercise calendar for each of the subsidiaries.
• Review and implement group project as well as secure low cost fund for the execution.
• Prepare bankable feasibility report that will assist the Group or any of its subsidiaries to obtain funding from the banks, CBN, International donor agency, foreign investors, AFDB, Federal government intervention funds.
• Develop business plan for the Group business.
• Develop internal and external training modules and programs calendar with their budget for the finance and account staff of the Group and Subsidiaries.
• Constantly reviewing all account package use in the account operation of the subsidiaries.
• Analyze and prepare monthly, quarterly and yearly performance report for the board and board committees.
• Any other financial duty that will be assigned from time to time by the Management.

Statutory Obligations:

• Ensuring all statutory renditions within the group are remitted in line with the statutory deadline. (VAT, PAYE, PENSION, WHT).
• Corporate filling/submission of all financial returns with the group. (FIRS, LIRS, CBN, CAC etc.)
• Attending to all tax related issues with the relevant statutory bodies.
• Attending to all audit management letters.
• Providing audited accounts of all the subsidiaries to the Legal department for filling with the CAC.
• Drawing up audit exercise programs for the group.
• Monitor and updating financial infrastructure to keep pace with changing needs, such as compliance issues, reporting requirements, tax, and accounting issues, insurance requirements, etc.
• Any other Statutory duties that will be assigned from time to time by the Management

Compliance Obligations:

• Implementation of controls within the Group.
• Monitoring of all implementation controls.
• Scrutinizing all payment documentation before final approval.
• Monthly group tax compliance updates.
• Making sure all bank charges are in line with the agreed rate.
• Constantly review the Group financial in line with relevant standards.
• Implementing and monitoring weekly cash check schedule for supervisors and managers.
• Ensuring compliance with professional accounting standards, rules, regulations, and laws by directing, supervising, and facilitating the preparation and maintenance of required and appropriate financial records, monthly and annual financial reports, and all other financial reporting as may be required by federal, state, local agencies, or established accounting standards.
• Any other Compliance duties that will be assigned from time to time by the Management.

Administrative Obligations:

• Plan and coordinate administrative procedures and systems and devise ways to streamline processes.
• Assess staff performance and provide coaching and guidance to ensure maximum efficiency.
• Ensure strict compliance of the Staff Hand Book.
• Ensure the smooth and adequate flow of information within the company to facilitate other business operations.
• Ensure the smooth running of tools and equipment.
• Monitor inventory of office supplies and the purchasing of new materials with attention to budgetary constraints.
• Monitor costs and expenses to assist in budget preparation.
• Oversee facilities services, maintenance activities and tradespersons (e.g electricians).
• Organize and supervise other office activities (recycling, renovations, event planning etc.).
• Ensure operations adhere to policies and regulations.
• Keep abreast with all organizational changes and business developments.
• Enforce and manage the procurement function of the company.
• Any other Administrative duties that will be assigned from time to time by the Management.

Key Responsibilities
Financial:

• Develop appropriate business strategies to achieve financial targets
• Prepare team business plans, budgets and any subsequent revisions
• Review monthly team and financial performance against plans and budgets
• Analyse and explain budget variances (i.e. deviations from plan, recommend corrective action, etc.)
• Prepare marketing, sales and call reports as defined below
• Deliver revenue budget
• Manage cost budget to achieve cost reduction targets
• Ensure timely collection of receivables

Customer Relationships:

• Implement regular and documented calling program for all customers (i.e. call plans, call reports, etc.)
• Implement customer commitments as defined and/or agreed during marketing calls
• Log/report and evaluate all customer complaints/issues
• Ensure timely and satisfactory resolution of all customer complaints/issues
• Implement a process which quickly/immediately surfaces and documents customer issues/complaints
• Identify and develop new customer segments

Internal Business Processes:

• Ensure that all business and financial terms are agreed with the customer, documented and appropriately executed/signed-off.
• Set up and document business processes which assure our revenues and deliver customer satisfaction.
• Set-up and maintain ordered customer files in a standardised format which facilitates speedy and efficient access to customer and business information.
• Ensure that all in-coming business correspondence has a received stamp indicating the receiving unit/department, and date and is signed off by the receiving officer.
• Develop and periodically review pricing structure for all the revenue areas.
• Have a friendly disposition towards the regulators of our business.

Innovation, learning & Growth:

• Develop training/knowledge improvement plans for self and supervised staff based on key skills requirements and identified skills gaps.
• Ensure skills upgrade of self and all supervised staff through on-the-job and other training interventions.
• Deliver continuous improvement in revenue quality, customer satisfaction and internal business processes within areas of responsibility.
• Lead by good example

KPIs (Key Performance Indices)
Financial Measures:

• Achievement of overall revenue target to be set on assumption of duty
• New business development (revenues from new customers and products)
• 95% Collection of receivables within 60 days maximum
• Cost consciousness and achievement of cost management targets of 10% from the previous year
• Develop product specification for all revenue areas which include but not limited to products created for sale
• Identify, develop and implement new business opportunities within the subsidiary.

Customer Relationships:

• Achieve 100% signed MOU/Contract with all corporate customers
• Documented and executed customer calling programs
• Timely implementation of customer commitments (i.e. under-promise and over-deliver)
• Adequate surfacing and documentation of customer issues
• Speedy and adequate/satisfactory resolution of customer complaints
• Customer retention (revenues from existing customers)

Internal Processes:

• Develop and implement a clearly defined pricing and discount structure with inbuilt authorisation levels
• Standardisation of key marketing and sales documents (Intro letter, MOUs, Price matrix, etc)
• Knowledge of, and adherence to, Group and Company policies and procedures.
• Documented customer agreements
• Quality of organisation and completeness of customer and business records
• Quality of internal business processes and business controls which support service delivery and assure revenues
• Quality of internal business processes documentation for processes under area of supervision
• Ensuring the company’s fleet are functional and giving required results.
• Ensure the training, and customers’ forum are organized and participated in from time to time.
• To handle all regulatory issues within the time frame.
• Internal control process and SOPs are institutionalized at your resumption.

Innovation, learning & growth:

• Quality of self and staff training plan
• Quality and frequency of documented on-the-job training interventions.
• Training of self and staff on internal business processes relevant to job performance
• Introduction and execution of business innovations resulting in improved customer retention/satisfaction, revenues, staff quality/productivity, and/or cost reduction.
• Ability to provide feasible and structural improvements initiatives you introduced to the company’s marketing/sales, accounting, logistics, customers’ service, regional offices and administration departments.

Core Competencies:

• Excellent interpersonal skills
• Effective oral and written communication skills
• Supervisory skills
• Problem-solving skills
• Negotiation skills
• Time management skills
• Excellent knowledge of MS Office especially Excel and Word
• Competence to drive growth

Qualifications

• M.B.A. in, Business Administration or any other related field with at least 15 years is required
• Minimum of 18 year of prior experience as a GM / General Manager in a manufacturing company.
• Proven leadership and people management skills, including the ability to recruit and retain a highly motivated team and nurture and mentor talent.

Application Closing Date
29th August, 2024.

How to Apply
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the mail.