Head of Finance and Account

Responsibilities:

• Direct the preparation of timely and accurate monthly, quarterly, and annual financial statements in accordance with IFRS.
• Manage the Month-End and Year-End closing processes, ensuring all reconciliations are completed within the corporate calendar.
• Serve as the liaison for internal and external auditors to ensure clean audit reports.
• Oversee costing systems, ensuring accurate valuation of Raw Materials, Work-in-Progress (WIP), and Finished Goods.
• Analyze Production Variances (material, labor, and overhead) and collaborate with Plant Managers to implement corrective actions.
• Implement and monitor robust Inventory Control procedures, including cycle counts and annual physical verification.
• Optimize the Cash Conversion Cycle by streamlining Accounts Receivable (collections) and Accounts Payable (vendor terms).
• Prepare detailed weekly and monthly Cash Flow Forecasts to ensure adequate liquidity for operational needs and capital expenditure (CAPEX).
• Monitor credit risk and approve credit limits for major distributors and institutional clients.
• Lead the annual Budgeting and Forecasting process across all manufacturing departments.
• Perform Break-even Analysis and Margin Analysis by product line to identify low-margin items for phase-out or price adjustment.
• Evaluate the financial viability of proposed capital investments (e.g., new machinery).
• Ensure 100% compliance with all statutory requirements, including VAT and Corporate Tax.
• Manage the department’s internal control framework to prevent fraud and financial leakage.
• Oversee Fixed Asset Management, ensuring all factory equipment is properly tagged, insured, and depreciated.

Requirements:

• Bachelor’s degree/HND in Finance, Accounting, Economics.
• A master’s degree (MBA or MSc in Finance/Accounting) is an added advantage.
• Certification in the Association of Chartered Certified Accountants (ACCA).
• Strong academic background in corporate finance, investment, and strategic management.
• At least 5 years of progressive experience in finance, accounting, or corporate strategy, with at least 1 year in a leadership role.
• Proven track record in financial planning, risk management, capital raising, and stakeholder engagement.
• Experience in managing large teams and complex financial operations.
• Deep knowledge of financial management, accounting standards, and regulatory compliance.
• Strong leadership, strategic thinking, and decision-making skills.
• Excellent communication and negotiation abilities to engage with investors, boards, and regulators.
• Proficiency in financial systems, ERP software, and data analytics tools.
• Ability to balance risk management with growth opportunities.
• Certification in Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Chartered Accountant (CA), or CIMA is an added advantage.