Financial Controller

Our client in the Retail Industry seeks to hire for the position of a Financial Controller. Qualifications:

• HND/BSC in Accounting, Finance, or a related field.
• Professional certification such as ACA or ACCA is required
• Minimum of 8 years of experience in accounting, finance, or a related field, with at least 3 years in a senior financial management role.
• Proven experience in financial reporting, budgeting, and internal controls.
• Preferably within the retail industry or a multi-entity organization.
• Strong knowledge of accounting principles, financial regulations, and tax laws.
• Proficient in financial management software and ERP systems (e.g., SAP, Oracle).
• A master’s degree or MBA is an added advantage
• Advanced Excel skills, with the ability to analyze complex data sets.

Key Responsibilities:

• Oversee the preparation and presentation of accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
• Ensure compliance with accounting standards and regulatory requirements.
• Lead the budgeting and forecasting process, working closely with department heads to create realistic and achievable financial plans.
• Monitor performance against budgets and forecasts, providing analysis and recommendations to management.
• Develop, implement, and maintain a strong internal control environment to safeguard the organization’s assets and ensure financial accuracy.
• Regularly review and update internal control procedures.
• Manage the organization’s cash flow, including cash flow forecasting, monitoring liquidity, and ensuring adequate cash reserves to meet operational needs.
• Conduct detailed financial analysis to support strategic decision-making.
• Provide insights and recommendations on cost control, revenue enhancement, and overall financial performance.
• Coordinate and manage internal and external audits.
• Ensure compliance with all relevant financial regulations, tax laws, and reporting requirements.
• Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.
• Oversee the recruitment, training, and performance management of finance staff.
• Identify financial risks and develop strategies to mitigate them.
• Ensure that the organization’s financial risk management practices are robust and effective.
• Prepare and present financial reports to senior management, the board of directors, and other key stakeholders.
• Provide clear and concise explanations of financial performance and risks.
• Evaluate and improve financial systems, processes, and tools to enhance efficiency and accuracy. Stay updated on industry best practices and emerging technologies.