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    Financial Controller - Lagos, Nigeria - Novella Africa

    Novella Africa
    Novella Africa Lagos, Nigeria

    1 week ago

    Default job background
    Full time
    Description

    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.


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