Financial Controller - Hyper/Supermarket Retail

Financial Controller - Hyper/Supermarket Retail

Group is one of Nigeria's leading businesses spanning across the consumption space. While retail forms the core business activity of Group, Group subsidiaries are present in shopping mall, manufacturing, real estates, among many others.

1. Financial Reporting :

- Prepare and manage financial reports, including income statements, balance sheets, cash flow statements, and financial ratios.

- Ensure compliance with accounting principles, local laws, and regulations.

- Perform financial analysis to identify trends, patterns, and opportunities for improvement.

2. Budgeting and Forecasting :

- Develop and manage the annual budget process for the company, ensuring alignment with strategic objectives.

- Provide guidance to department heads on budget development and management.

- Forecast future financial results based on historical data and current trends.

3. Cash Flow Management :

- Monitor cash flow and liquidity to ensure the company has sufficient funds to meet its obligations.

- Develop cash management strategies to optimize cash flow.

- Manage relationships with financial institutions and ensure compliance with loan agreements and covenants.

4. Financial Planning and Analysis :

- Work closely with department heads to understand business needs and develop financial plans to support them.

- Analyse financial performance and provide insights to management to support decision-making.

- Conduct sensitivity analysis to evaluate the potential impact of changes in the business environment.

5. Risk Management :

- Identify and assess financial risks and develop strategies to mitigate them.

- Monitor compliance with financial risk management policies and procedures.

- Ensure compliance with internal controls and provide recommendations for improvement.

6. Financial Operations :

- Manage the company's financial operations, including accounts payable, accounts receivable, and payroll.

- Ensure timely and accurate processing of financial transactions.

- Manage the relationship with the external auditors and ensure compliance with audit requirements.

7. Leadership and Team Management :

- Provide leadership and guidance to the finance team.

- Develop and manage performance metrics and objectives for the finance team.

- Develop and implement training and development plans for the finance team.

Qualifications and Skills :

- Bachelor's degree in Accounting, Finance, or related field. A Master's degree in a relevant field is preferred.

- At least 10 years of experience in financial management, with at least 5 years in a leadership role.

- Experience working in a retail hypermarket or related industry is preferred.

- Strong financial and analytical skills, with the ability to interpret and analyze financial data.

- Excellent communication and interpersonal skills, with the ability to work effectively with other departments and stakeholders.

- Strong leadership and team management skills, with the ability to motivate and develop a team.

- Knowledge of accounting principles, financial regulations, and local laws and regulations.

- Proficient in financial management software and systems, such as ERP and financial planning tools.

Overall, the Financial Controller plays a crucial role in ensuring the financial health of a retail hypermarket company. They provide strategic financial insights and recommendations, manage financial operations, and lead a team of finance professionals. Their performance is evaluated based on their ability to achieve financial targets, mitigate financial risks, and provide accurate and timely financial reporting and analysis

- Position is based in Lagos (Nigeria)

- Reports to CFO

- Expat salary & living allowance, accommodation, transport offered