Chief Finance Officer in an FMCG Company

Novella Africa Limited – Our client, a leading company in FMCG industry, with strong commitment in the manufacturing of fruit juices and drinks, is recruiting to fill the position below:

Job Title: Chief Finance Officer

Job ID.: ZR_42_JOB
Location: Apapa, Lagos
Employment Type: Full-time

General Accounting:

  • 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 the month-end close process to ensure timely closure and financial report 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 & 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


  • First Degree in a relevant field (Accounting / Business Management)
  • Professional certification is required (ACA, ACCA, FCA)
  • A Post-graduate Degree or MBA will be an added advantage.
  • Strong commercial finance experience.
  • Minimum of ten (10) years of relevant work experience.
  • Previous experience as a Financial Controller in Beverage/FMCG industry 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.

Deadline: 17th August, 2022.

Method of Application
Interested and qualified candidates should:
Click here to apply online


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