Head of Finance Vacancy in a Leading Luxury Cosmetics Company

Productive People - Our client, a leading luxury cosmetics brand in Nigeria, is recruiting to fill the position of:


Job Title: Head of Finance

Location: Lagos
Reporting Relationships:

• Functionally reports into: Managing Director
• Administratively reports to: Managing Director
• Supervises: Inventory Administrator & Accountant, Account Officer

• To facilitate the execution of best practice financial management processes and maintain good relationships with local and international financial institutions, government agencies, consultants etc.

• Financial Accounting & Treasury Management and Reporting
• Ensure Proper record keeping of all financial records for adequate reporting
• Ensure all ledgers are reconciled and updated monthly (i.e. Creditors Ledger, Debtors Ledger, Prepayment Accounts, etc)
• Ensure Monthly business performance reporting (Profit & Loss Account, Balance Sheet, Cashflow Analysis, Sales Analysis, etc)
• Manage Organization’s Tax matters
• Ensure Monthly provision of Business
• Safeguard all company’s assets
• Monitor payment processes (Suppliers, Salaries, etc).
• Ensure Monthly preparation of Bank Reconciliation Report
• Develop and maintain credit control Policies and Processes
• Manage cashflow and collections within the outlets
• Design and maintain effective internal control systems
• Ensure Monthly reconciliation of all outlets

• Prepare corporate Annual Budget and variance report
• Ensure budgetary Analysis and control

• Manage relationship with banks
• Maintain cordial relationship with Suppliers and Debtors.

• Ensure products received and issued are properly documented and are in good condition with secured packaging not tampered
• Ensure accuracy and efficiency in bar-coding and tagging of all received goods.
• Ensure reconciliation of waybill of actual goods received against shippers packing list and contact the supplier through the Merchandise Buyer to resolve discrepancies.
• Issue dispatch instructions to dispatch riders and drivers and provide routing information to ensure that delivery times and locations are coordinated.
• Plan, develop, and implement warehouse safety and security programs and activities
• Verify inventory computations by comparing them to physical counts of stock and investigate discrepancies or adjust errors.
• Determine and ensure proper storage methods, labelling, identification, and location of merchandise based on quantities, fabric types, environmental factors and physical capabilities of facilities.
• Prevent inventory shrinkage
• Train and evaluate performance of store personnel.
• Schedule and monitor surface pickup, delivery or distribution of merchandise or materials
• Ensure the processing and reconciliation of outlets orders and their delivery
• Monitor demand and supply of goods from outlets
• Review invoices, work orders, reports, and demand forecasts to estimate peak delivery periods and to issue work assignments.
• Ensure proper arrangement of goods for easy identification and retrieval
• Supervise and maintain good relationship with transporters, clearing Agents  to ensure quality and timely service delivery

• Revenue Growth
• Operational Efficiency/Cost Management
• Net Margin
• Timeliness of completed quarterly financial reports
• Performance of external audit
• Quality and ease of retrieval of financial information.
• Return on investment
• Budget Variance

• B.Sc. or HND in Accounting or related discipline;
• Professional qualification (ACA, ACCA) would be an added advantage.

• Minimum of 10 years’ cognate experience.
• Key experience in one of the "big four" finance firms.
• Experience in audit of a trading or manufacturing company.

• IT skills
• Execution
• Problem solving skills
• Proficient knowledge of SAGE
• Relationship management
• Communication skills

• Knowledge
• Budgeting/Forecasting
• Company operations
• Management Accounting.
• Accounting and Finance
• Cost management
• Taxation