Manager – Financial Planning and Analysis at Promasidor Nigeria

Promasidor – We are an African company proud of our heritage and totally committed to the continent. We manufacture, market and sell unique brands which bring practicality and pleasure to millions of consumers across Africa.

We are recruiting to fill the position below:

Job Title: Manager – Financial Planning and Analysis

Location: Lagos

Job Objectives

Be concerned with business data gathering (from internal & external sources) analysis, processing, interpreting and communicating the result information so that management can effectively plan, make decisions and control operations.
This shall be executed through the following functional areas.

Key Responsibilities
Management Accounting Functions:

Provide leadership and quality supervision for the Business support team
Coordinating and preparation of the company’s operational master budget annually and involve in standard setting across the company.
Coordinate and facilitate the preparation of the company’s mid-year forecast and financial projection
Ensure accurate uploading of budget figures into the company’s ERP
Ensure effective implementation of budgetary control and monitoring
Undertake detailed analysis of variances, underscore the root cause and recommend necessary action points
Liaising with budget holders to ensure all keep to the budget rules and agreed cost
Ensure integrity of accounting entries in the company’s records
Undertake detailed review of the P&L and Balance Sheet accounts and bring to the management noted areas of concern for corrective measures
Preparation of ad hoc report for management use, including building business cases, scenarios, simulations and sensitivity analysis for informed decision making
Monitor adherence to the financial and accounting control procedures
Preparation of management reports including product gross margin analysis
Industry Analysis of related and competitors published accounts.

Accruals/provisions:

Update monthly provisions and accruals in local books.
Update monthly provisions in management reports.
Ensure adequate provisions to avoid overstatement of our profit.

Analyze OPEX:

Deliver monthly OPEX analysis and reporting
Advise on areas of OPEX improvement
Drive cost saving initiatives

Revenue management:

Prepare, Analyze and Report Monthly Revenue and Naked Margin
Ensure Price compliance (Approved vs Actual price).
Perform profitability appraisal – brands, customers, etc.
Validate approval of all sales discounts and ensure all sales promotions are duly applied as approved.

Business Support Functions:

Assist in ensuring the accuracy and completeness of Marketing accruals and provisions and efficient and effective information on marketing spend. Analyzing Marketing cost (ATL/BTL) by brand.
Advise Marketing team on marketing/Finance related issues.
Support management team and the Heads of Department with data-driven analysis
Implement a business intelligence tool and dashboard reports

Project Management Office:

Support PMO project appraisals, providing complete and accurate project and investment appraisals for timely delivery of required output.
Advise Project managers on PMO/Finance related issues.
Building business cases with proper calculation of NPV, IRR and payback periods for an informed decision making

Job Requirements