Food and Beverages Company Chief Financial Officer Job Vacancy

Adexen
Recruitment Agency – Our client, a largest food and beverages company,
currently seeking applications from suitable and qualified candidates to fill
the vacant position below:

Job
Title:
Chief Financial Officer – Expatriate
Job Reference: 1116
Location: Nigeria
Industry: Industry & Manufacturing
Function: Financial

Job
Description

The
Chief Financial Officer (CFO) is responsible for all financial and fiscal
management aspects of the Company’s operations.
Provide
strategic financial leadership, business planning, forecasting, accounting
and budgeting processes, tax and risk management and optimize returns to
the Shareholders.
Responsible
for directing IT function to ensure that the Company’s systems and
information technology attain the best technology standards at every level
of the business with increased data security.
The
CFO reports directly to the Managing Director and assists on strategic and
tactical matters as they relate to financial management and their impact
to the business operations.

Principal
Responsibilities

Collaborates
with the Managing Director to define and articulate the organization’s
vision and to develop strategies for achieving that vision.
Provide
strategic direction and management of the Finance & IT functions and
ensures alignment to the Company’s goals leading to shareholder value
creation.
Participate
in preparation of the Annual Plan and Strategic Business Plans that
improve the efficiency and long term profitability of the business and
ensure optimal realization of brand/market potential.
Ensure
the design of a robust business-decision-making framework, driving through
process improvements and change initiatives that enable the budgeting,
forecasting and reporting to be carried out in a consistent and effective
manner.
Proactively
participate in benchmarking studies of FMCG peers including but not
limited to pricing, COGS, overheads, manufacturing costs along with cash
flows and balance sheet foot prints
Act
in a fiduciary capacity, protecting the value of the brand through
safeguarding assets of the company, both tangible and intangible.
Ensure
compliance with the company’s policies, procedures and local statutory
regulations. Manage Statutory and Internal Auditors.
Organizational
structure and effectiveness through building capabilities both People and
Technology to ensure continuous innovation and growth; also motivating and
retaining high performing employees

Implements/Supervises
Internal Controls:

Protects
and preserve the company’s assets to comply with financial reporting and
control requirements.
Standardize.
Establish company-wide standards for systems, data and processes
Own
the data. Collaborate with the Finance Director & IT Manager and take
responsibility for the collection and governance of financial and
management reporting information.
Assure
relevance and completeness of financial policies and procedures for the
functional areas of the business;
Initiate
periodic updates of financial policies and procedures;
Request
audits that provide assurance of compliance with financial policies and
procedures.

Financial
Planning & Projections:

Review
and discuss with management the long term strategic business plan and
financial projections along with related assumptions
Co-lead
with the MD the Annual Operating Plan (AOP) exercise providing insightful
information on key value / growing drivers
Issue
the AOP calendar so that each department will prepare its annual
comprehensive budget in a timely manner and present it to the relevant
authority for final approval
Proactively
advise MD and senior management in regards to Risks & Opportunities
(R&Os) to the attainment of the AOP (i.e. Latest Estimates, Outlooks)
working closely with executive tam to mitigate risks while realising
opportunities
Conduct/review
financial feasibility studies of new projects to assure that those
projects are in line with company’s investment/business strategy with
appropriate ROI’s

Treasury:

Provide/review
financial projections on cash budgets (i.e. monthly, annually)
Assure
that the periodic reporting requirements to banks are met in a timely
manner;
Assure
that all loan covenants are complied with
Review
the daily bank status reports and cash flow forecasts and initiate the
necessary directives to optimize the use of cash across company’s
operations.
Hold
periodic communication meetings with bank relationship managers and other
senior officers to discuss issues of mutual interests.
Assure
in collaboration with group treasury that the negotiated bank facilities
are competitive in terms of notional, tenor, pricing, roll over, and grace
period;
Assure
the provision of adequate responses to bank queries for renewal of bank
facilities;
Build
constructive relationships with key banks stakeholders.

Budgeting
Control:

Issue
the annual comprehensive budget control guidelines to all company’s
departments so that budget control activities start as early as Period 1
Review
periodic budget control reports of each department to assure that
performance is according to AOP;
Advise
and follow-up on effective implementation of corrective actions based on
budget control performance reports;

Internal
Performance & Reporting:

Ensures
the Business Performance Management (BPM) process take place and partner
with the MD to activate corrective measures towards meeting AOP and
business strategic objectives
Assure
monthly financial statements are generated with quality within the
specified deadlines along with been properly analysed and in line with
profitability and liquidity targets, and recommend corrective actions if
needed to bring performance on course;
Assure
timely and complete year-end closing in preparation for annual audit.

External
Audits:

Coordinate
with the external auditors in planning an effective and efficient audit
programs;
Monitor
execution of annual audits in all department to assure their timeliness
and effectiveness;
Review
draft external audit reports and provide the necessary commentaries for
finalizing timely;
Assure
that the management letter is received from the external auditors.
Assure
that the recommendations in each point of management letter are adequately
attended to by the respective Department Managers.

Technical
Support & Business Partnering:

Provide
needed technical and financial support to all department managers so that
they can perform their respective jobs effectively and efficiently;
Assure
the continued technical and business partnering competence of both the
Finance and IT functions through the continuous training, development and
coaching of employees

Success
Criteria:

Supporting
the Managing Director to create shareholder value
Proactively
measuring and monitoring business performance
Managing
governance/controls/risks / compliance
Developing
a high potential Finance & IT Teams including realistic Succession
planning

Job
Scope / Impact:

Meeting
Critical Business Challenges
Cutting
Costs and Creating Efficiencies
Establishing
a Consistent and Auditable Environment
Gaining
Flexibility and Agility.
Extending
and Elevating Financial Management
Integrating
Financial and Operational Data
Reducing
Errors and Data Duplication
Treasury.

Expectations

Chartered
Accountant / other equivalent Degree from an institution of repute
Good
communicator at every level of organisation from operations room to the
board room – incl. but no limited to good oral and written English with
strong multicultural awareness
Experienced
CFO / Finance Director with minimum of 5 years leading the finance
function and with 15+ years of overall progressive finance experience
(incl. Supply finance, commercial finance, financial controls, decision
support, reporting, others) with most of his/her working experience in a
subsidiary of a global FMCG with turnover of USD 350 – USD 500 million
Exposed
to best practices and global standards and their application in emerging
markets, who knows how to balance global standards and local approaches in
order to attain targets / outcomes while maintaining intact the controls,
compliance and performance agendas
Knowledgeable
of IFRS along with its right application
Meaningful
exposure to different ERPs (SAP, Microsoft Dynamics, others) as well as
their business implications
Excellent
leadership skills capable of leading people from the front and from the
back at every level of the organisation
Demonstrated
experience as a business partner and “co-pilot” of the MD in driving
controls, compliance and performance while improving the business
Ample
experience leading and working across functions as a business partner
while keeping the finance rigour and accountability
Experience
leading Information, Systems & Technology and Risk & Assurance
(Internal Audit) departments, ensuring the proactive and progressive attainment
of business objectives