Finance Manager job at Frutta Foods and Services Nigeria Limited

Vacancy title:
Finance Manager

[ Type: FULL TIME , Industry: Agriculture, Food, and Natural Resources , Category: Accounting & Finance ]

Jobs at:

Frutta Foods and Services Nigeria Limited

Deadline of this Job:
19 December 2021  

Duty Station:
Within Nigeria , Lagos , West Africa

Date Posted: Wednesday, October 06, 2021 , Base Salary: Not Disclosed


Finance Manager
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.
• 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 month end close process to ensure timely closure and financial reports 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)
• A post-graduate Degree or MBA will be an added advantage.
• Strong commercial finance experience.
• Minimum of eight (10) years’ relevant work experience.
• Previous experience as a Finance Manager in Beverage/FMCG industry a must
• Outstanding oral and written communication skills.
• Demonstrated ability to evaluate and balance team and individual workloads.
• Negotiation skills, analytical skills and ability to multitask.

Work Hours: 8

Experience in Months: 72

Level of Education:
Bachelor Degree


{module 317}

Job application procedure


All Jobs


{module 321}

Job Info
Job Category: Accounting/ Finance jobs in Nigeria
Job Type: Full-time
Deadline of this Job: 19 December 2021
Duty Station: Lagos
Posted: 06-10-2021
No of Jobs: 1
Start Publishing: 06-10-2021
Stop Publishing (Put date of 2030): 06-10-2065
Apply Now

Notification Board:

Join a Focused Community on job search to uncover both advertised and non-advertised jobs that you may not be aware of. A jobs WhatsApp Group Community can ensure that you know the opportunities happening around you and a jobs Facebook Group Community provides an opportunity to discuss with employers who need to fill urgent position. Click the links to join. You can view previously sent Email Alerts here incase you missed them and Subscribe so that you never miss out.

Caution: Never Pay Money in a Recruitment Process.

Some smart scams can trick you into paying for Psychometric Tests.