UpMan Placements is inviting applications for an exciting career opportunity with one of our esteemed clients from the Food & Beverages industry.

Role: Group Director - Finance

Reporting To: CEO

Location: Nigeria

Role Purpose:

Providing strategic and financial guidance at Group level to ensure that the company's financial commitments are met. Developing all necessary policies and procedures to ensure sound financial management and control of the company's business. Assist CEO / Executive Director / Board to manage and inspect the work of finance department of the Group Companies and Affiliates in Nigeria.

Role Responsibilities:

1. Business Financial Insights: In-depth knowledge on financial/management accounting principles will lead to accurately reflecting business performance.

- Financial performance review and developing the best practices.

- Financial Impact on Strategy Execution

- Reviewing the group chart of accounts in SAP

- Current SAP modules review and improvement if required. SAP Implementation for all Business units as per business requirements.

- Group Financial reporting structure review and format standardization.

- Cost structure review for all BC`s and BU`s.

2. Controls, Compliance & Assurance: Ability to evaluate risks and determining their impact on the management audit, developing and/or modifying audit procedures as required. You ensure compliance to legal and secretarial requirements as well as functioning within the norms of statutory audit regulations respective to country/ business

- Ensuring & developing effective Internal Control System and periodic review.

- Establishing effective group internal audit system, audit team and improve the audit quality.

- Compliance Measures

- Business risk measure & assurance

- System Automation drive.

- Format standardization for monthly MIS and annual budget

- SOP`s standardization and periodic review.

- Cash flow/fund flow planning at group level.

- New Project monitoring.

- Developing group tax compliance chart

- Corporate Tax planning

- Corporate Fund planning

3. Reporting & process efficiencies: as Director Finance demonstrates conceptual ability to ideate and implement robust systems & processes suited to the Group/business Centers. also display accuracy and efficiency in MIS reporting, budgeting.

4. Capability Building: Build capability in finance function, growing finance leadership pipeline and ensuring effective knowledge & expertise transfer for effective execution of finance strategies. Develop business acumen of managers and senior managers.

- Personal Credibility & Thought Leadership

- Finance and Accounts Dept structure, Job responsibilities and KPI setting.

- Building Functional Capability

- Team Building and knowledge upgradation of Finance & Accounts department

5. Financial Reporting: Preparation & co-ordination of audit of standalone & Consolidated financial statements of the Group Companies and Affiliates in Nigeria. as per local & IFRS guidelines.

6. Monthly MIS: Providing the assistance to business centre finance team to improve & Standardization Monthly MIS Format and also to develop the checklist for timely and accurate monthly closing work and providing monthly MIS to the Board on performance, variances, production, capacity utilization, sales, consumption's, overheads analysis etc.

7. Fund/Treasury function: Providing the assistance to business centre finance team on daily funds management, payable, receivables, dealing with banks for loans, trade, forex etc.

8. Banking Relation: Maintaining and improving good banking relationship to ensure & support value maximization initiatives (Banking Transactions, interest, Forex & Trade Finance etc.)

9. Working Capital Management: Managing the receivables & payable, monitoring the inventory & receivable levels, alerting the management on alarming levels, expiry, near expiry stocks, non-moving & slow-moving stocks etc.

10. Budgets: Annual Budget Format standardization/improvement, Providing the assistance to business centre finance team for preparation of annual Budgets, both revenue and capital, will monitoring of actual in line with budgets on monthly basis.

11. Insurance: Will review the Group Insurance risk/requirements and placing & ensuring adequate insurance for all risks of the Company & its subsidiaries, ensuring adequate coverage for all risks like stocks/ fixed assets fire, burglary, transit, both inland & foreign, public liability, Mediclaim, Group Personal Accident, Motor, Erection All Risks, Machinery break down, Loss of profit etc.

12. New Projects activities: CAPEX controlling & monitoring, working out paybacks for new projects, monitoring of actual in line with budgets on monthly basis. SOP drafting for new projects.

13. Group Tax Compliance: Right Tax projections, Minimum tax payment with complete tax compliance for all Business Centers, Business Units and the group Companies and manage the Tax books accordingly. Manage the tax notices and tax demand accordingly.

14. Systems & Practices upgradation & Automation: Ensuring & developing proper internal controls & systems in coordination with IT and other depts. Focus on system automation for monthly finance closing and monthly MIS etc.

15. Ad-hoc tasks assigned by supervisor as and when required.

Contract Period: Two years (Extension based on mutual agreement between the employee and employer)

Expat Benefits:

- Salary - Best in industry (80% Basic + 20% KPI) - Paid Quarterly

- Local allowance N 221k pm over and above the salary

- Annual bonus at Diwali time /annual salary review, both as per the company policy

- Paid leave - Once in a year- economy class ticket to Mumbai / Delhi / Chennai / Kolkata or Bangalore

- Medical cover, Personal accident cover in Nigeria.

- Family Status stay - free accommodation arranged by Company in a secure complex near the workplace. Individual comfortable air conditioned big room with ensuite bathroom. We give separate individual houses or flats in family status.

- Company organized Cooks given to make Indian food

- House girl for cleaning room / washing clothes / ironing etc.

- Gym, entertainment parlor with Karaoke, DSTV available in the complex etc.

- Departmental vehicles available for official or personal usage (may have to be shared based on availability)

- Free internet, drinking water from company.

- Laptop allowance for using personal laptop for company work.