Financial Controller at Fadac Resources

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 days ago

Additional Details

Job ID
162007
Job Views
25

Job Description






Job Summary




  • Our client is seeking an experienced and results-driven Financial Controller to oversee its financial operations, ensure accurate financial reporting, strengthen internal controls, and support strategic business decisions.



Key Responsibilities




  • Financial Reporting: Oversee the preparation of accurate and timely monthly, quarterly, and annual financial statements and management reports.

  • Budgeting and Forecasting: Lead the annual budgeting process, financial forecasting, variance analysis, and performance monitoring to support business objectives.

  • Financial Planning and Analysis: Analyse financial performance, profitability, operating costs, and key financial indicators to identify opportunities for improvement.

  • Cash Flow and Treasury Management: Monitor cash flow, working capital, bank balances, and liquidity to ensure the availability of funds for business operations.

  • Inventory and Cost Control: Monitor inventory valuation, cost of goods sold, stock movements, shrinkage, wastage, and stock variances in collaboration with the inventory and operations teams.

  • Internal Controls and Risk Management: Establish and maintain effective financial controls to safeguard company assets, prevent fraud, minimise financial risks, and ensure compliance with company policies.

  • Revenue Assurance: Monitor sales reconciliations, point-of-sale (POS) transactions, cash collections, electronic payments, refunds, discounts, and other revenue-related activities.

  • Accounts Payable and Receivable: Oversee supplier payments, customer balances where applicable, reconciliations, and the timely settlement of financial obligations.

  • Tax and Regulatory Compliance: Ensure compliance with applicable tax laws, statutory obligations, accounting standards, and regulatory reporting requirements.

  • Audit Management: Coordinate internal and external audits, ensure proper documentation, and implement corrective actions.



Requirements and Qualifications




  • Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.

  • Professional qualification such as ICAN, ACCA, or an equivalent recognised accounting qualification.

  • 7–10 years of relevant experience in finance and accounting, with demonstrated experience in a financial management or supervisory role.

  • Previous experience in the retail industry, preferably in supermarkets, FMCG, consumer goods, or multi-branch operations.

  • Strong knowledge of financial reporting, budgeting, forecasting, cash flow management, and internal controls.

  • Proficiency in Microsoft Excel and financial management systems or ERP platforms.



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