Vacancy for a financial business analyst
Our client is a leading player in the cement manufacturing and concrete mix production looking to hire a Financial Business Analyst.
Job Location: Lagos State
Responsibilities:
· Responsible for the overall budget management for Other West Africa markets inclusive of coordinating the business plan and rolling estimates for these markets.
· Monthly monitoring of actual performance and providing financial information on variances from plan so that potential financial problems can be identified early enough for effective corrective action to be taken.
· Financially responsible for the delivery of budget profit for the other West-Africa markets
· Preparation for the finance director project specific financials and reports
· Preparation of debt recovery schedule providing adequate information for further debt management decisions.
· Analysis of Profit variance starting with Net sales down through to Net profit, which assist management in identifying what actually is the cause of variances – favourable or otherwise.
· Preparation of Category Income statement, which highlights the contribution of each product category to overall profitability.
· Preparation of report analysing Material price variance into components as well as showing justification for releases into Income statement, which ensures better decisions are made as regards pricing and standard costs.
· Preparation of report forecasting MPV, with adequate highlight of key parameters underlying such variance, hence promoting awareness of impact of raw material price changes on profitability.
· Preparation and presentation of report analysing over and under absorption of overheads into volume and rate variance with respects to planned and updated production volume as a contribution towards factory planning and control.
· Computation of financial implication of Margin Improvement initiatives as well as tracking such initiatives through the financial statements.
· Providing adequate commercial support, including promo evaluation (pre and post), NPD evaluation and sales activity evaluation (pre and post) for planning and control purposes.
· Maintenance of Distributors’ Records and Details, which ensures the completeness and accuracy of individual distributors’ balance, as well as reconciling and resolving one off disputes over balances, which sustain better customer relationship with distributors.
· Monthly Reconciliation of Receivables Ledger as a contribution towards preparation and presentation of Monthly Financial Reports by Reporting Accountants, as well as ensuring the
Account Receivables is accurately stated in the financial statements.
· Active involvement in the identification, preparation and presentation of doubtful debts to be provided for on monthly bases, which ensures the Account Receivables figure represents debts reasonably recoverable in due time.
· Classification of Receivables associated with trade promotions and related internal expenses, so that Profit and Working Capital are not ultimately misstated.
Qualification:
1) A University degree in Accounting or related courses.
2) 7-8 years’ experience with at least 4 years in a similar role.
3) A professional qualification in Accounting - Must.
Experience and Knowledge:
1) Strong working knowledge of Excel (Macro & Pivot Table), power point and word applications.
2) Extensive experience with with analytical tools such as Cognos, Business Objects, systems
3) Advanced knowledge of financial modeling and analytical techniques essential
4) Be highly numerate and methodical
5) Results driven, can work at fast pace whilst ensuring accuracy
6) Excellent writing and presentation skills. Written work must be concise and persuasive.
7) Manufacturing experience
8) Have a proven track record of working closely with commercial teams, sales and operational teams
9) Familiarity with Business Intelligence.
Remuneration:
· Salary range is N 7,500, 000 –N 8, 000, 000 / annum
- Qualified Financial Business Analyst with required experience should forward CVs to ‘[email protected]’ using ‘Financial Business Analyst’ as subject of mail before 26th April, 2016. Candidates who meet the qualifications listed above will be invited for interviews.
