Financial Controller via Fadac Resources and Services – Lagos

An undisclosed retail organisation is recruiting a Financial Controller in Lagos through Fadac Resources and Services to oversee financial reporting, forecasting, cash flow and internal controls.

• 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.