• Application Deadline:
• Position: Financial Controller


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 7 - 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Summary

• The Financial Controller is responsible for managing the company's financial operations, ensuring the accuracy of financial reports, and providing strategic financial insights.


• This role involves overseeing accounting practices, preparing financial statements, managing budgets, and ensuring compliance with financial regulations.

Key Responsibilities

Financial Management:

• Oversee all financial and accounting operations including Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting, and Revenue Recognition.


• Manage the preparation of the company's budget and forecasts.


• Ensure the timely and accurate preparation of financial statements.


• Monitor and analyze accounting data and produce financial reports or statements.

Compliance and Audit:

• Ensure compliance with all financial regulations and standards.


• Coordinate the preparation of regulatory reporting.


• Manage and coordinate internal and external audits.


• Develop and document business processes and accounting policies to maintain and strengthen internal controls.

Strategic Planning:

• Provide financial analysis and insights to support strategic decision-making.


• Work with senior management to develop financial strategies.


• Participate in corporate policy development as a member of the senior management team.

Team Leadership:

• Manage and mentor the finance team.


• Set performance goals and conduct performance evaluations.


• Foster a culture of high performance and continuous improvement within the team.

Financial Systems:

• Oversee and manage the implementation and maintenance of financial systems.


• Ensure the accuracy and integrity of financial data.

Reporting:

• Prepare monthly, quarterly, and annual financial reports.


• Present financial reports to senior management, stakeholders, and the board of directors.

Key Performance Indicators (KPIs) & Performance Goals

Financial Reporting Accuracy:

• KPI: Percentage of financial reports submitted on time without errors.


• Target: 100% on-time submission; <1% error rate.

Budget Management:

• KPI: Variance between actual and budgeted financial performance.


• Target: Maintain variance within 5%.

Audit Findings:

• KPI: Number of significant audit findings.


• Target: Zero significant findings.

Compliance:

• KPI: Compliance with financial regulations and internal policies.


• Target: 100% compliance.

Financial Systems Efficiency:

• KPI: System downtime and data accuracy.


• Target: Less than 1% downtime; 100% data accuracy.

Team Performance:

• KPI: Employee performance and satisfaction ratings within the finance team.


• Target: Average performance rating of 4 out of 5; satisfaction rating of 80% or higher.

Cost Control:

• KPI: Achievement of cost-saving targets.


• Target: Meet or exceed annual cost-saving targets.

Cash Flow Management:

• KPI: Accuracy of cash flow forecasts.


• Target: Forecast accuracy within 95%.

Debt Management:

• KPI: Debt-to-equity ratio.


• Target: Maintain a ratio within the industry standard or company’s goal.

Strategic Contributions:

• KPI: Implementation of strategic financial initiatives.


• Target: Successful implementation of 90% of planned initiatives.

Qualifications

• Education: Bachelor’s Degree in Accounting, Finance, or related field; CPA or CMA certification preferred.


• Experience: 7 - 10 years of progressive experience in accounting or finance, with at least 3 years in a managerial role.

Skills:

• Strong understanding of accounting principles and financial regulations.


• Proficiency in financial management software (e.g., SAP, Oracle, QuickBooks).


• Excellent analytical, strategic planning, and communication skills.


• Leadership and team management abilities.


• High level of integrity and dependability.