Chief Financial Officer at a Leading Quick Service Restaurant and Food Services Company - Roberts Walters

Robert Walters - Our client, a leading Quick Service Restaurant and Food Services company is recruiting to fill the position below:

Job Title: Chief Financial Officer

Job Reference: 76NODP-C35DF528
Location: Lagos
Contract Type: Permanent
Specialism: Accountancy & Finance
Focus: Executive
Industry: FMCG

Job Summary

• 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 ‘A’ 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.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should: 
Click here to apply online