Fadac Resources and Services Limited - Our client, a leading organisation in the retail industry, is recruiting to fill the position below:
Job Title: Financial Controller
Location: Lagos Employment Type: Full-time Industry: Retail
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.