Chief Financial Officer at Fadac Resources and Services Limited

Fadac Resources and Services Limited - Our client is the foremost luxury goods company in Nigeria with a diversified portfolio that comprises over 13 of the world's most prestigious luxury brands is recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Lagos
Employment Type: Full-time

Job Summary

• Develop adequate processes and procedures for cost control function to maintain efficient operational excellence.
• Consolidate, review, and finalize monthly expenditure profiles.
• Highlight cost areas of concern and suggest ways of improvement.
• Analyze cost & revenue trends and reporting problems or potential problems to Executive Management.
• Monitoring, reporting and forecasting project cost and revenue trends.
• Monitoring, reporting and forecasting actual versus scheduled progress, productivity and reporting problems, productivity and reporting problems or potential problem to execute management.
• Direct cash management operations to include daily cash administration, management of current accounts and bank relations.
• Review and drive improvement in cash management, ensuring financial obligations are met in accordance with company policies and procedures.
• Monitor cash transactions to ensure to ensure the bank account balance to the report and any unusual items are investigated.
• Forecast, monitor and track cash flow (weekly, monthly, quarterly etc.) .
• Prepare cash flow reports, and identify and evaluates variances.
• Actively participate in two-way communications sharing and exchanging relevant and appropriate information with the Branch Managers, and all external customers associated with the company.
• Analyzing and reviewing each day’s sales and performing bank reconciliations. Highlighting anomalies for investigation.
• Ensuring management accounts are reliable and production of profit and loss account on a timely basis.
• Anchor the preparation of corporation tax returns as required the government. Summarize and analyze various annual returns and accounts to enable the compilation of key financial indicators. Financial Reporting and Compliance:
• Monitor and ensure timely identification and compliance with evolving accounting guidance, prepare technical memorandums that documents issues in a clear, logical and comprehensive manners.
• Communicate and explain accounting issues and evolving accounting guidance to the Chief Executive and Executive Director.
• Manage communications with external auditors and external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues.
• Assist in the coordination of annual audit and quarterly review activities of external auditors.
• Product insight on market analytics, pricing and cost.
• Identify scope and execute strategic price improvement initiatives.
• Provide analyses of cost data and make recommendations to management regarding price.
• Provide management with reports specifying and comparing factors affecting prices and profitability of products. Regularly inform and consult with the Executive Director regarding negotiating strategies for large or new business proposals.
• Work with the Executive Director to coordinate the determination of minimum gross margin (GM) required for all company product sold across all branches.
• Use business acumen and technical knowledge to develop and deliver Business Intelligence solutions for internal customers.
• Responsible for reviewing the company profit & loss account and relevant sections of the Balance Sheet to ensure they are completed accurately and on a timely basis, and to provide supplementary reporting, analysis and support to company budget and Executive team.
• Responsible for obtaining, collating and verifying information on a monthly basis for inclusion in Executive Management.
• Responsible for reviewing monthly payroll and updating monthly forecast.
• To ensure the provision of timely and valuable management and operational information across the business, maintaining and expanding a range of report in order to assist departmental heads in the effective management of their cost revenue targets.
• To implement improvements in financial processes (including profit and loss reporting and analysis, etc.) and systems to achieve an effective and efficient way of working.

Requirements

• B.Sc. / M.Sc. in Accounting or related field.
• Minimum of 20 years experience in managing a Finance team in the retail or FMCG, Big 4 consulting firms.
• Possession of ICAN, ACA or other relevant professional qualifications.
• Exceptional problem-solving skills.
• Excellent leadership skills.
• Proven ability to drive results and to manage teams
• Commercial awareness and strong business acumen
• Experience in managing, coaching, mentoring and developing a team
• Excellent written and spoken communication skills
• Positive interpersonal skills
• Proficient use of Microsoft Office Packages and ERP.

Application Closing Date
28th October, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the mail.