Finance Officer Job at Food Concepts Plc

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders. Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Position: Finance Officer

Requisition ID: 762
Job Location: Lagos
Job Type: Full time

Key Responsibilities

• Processing of suppliers / vendor invoices for payment
• Maintaining the creditors’ schedule
• Detect and eliminate errors in payment request
• Confirm all retirement before another cash advance is processed for a staff
• Ensure posting of items received by the store into appropriate Trade Creditor’s account
• Ensure daily/weekly collection of Bank statements and   confirmation of cheques
• Manage all forms of payment (internet banking, Remita, interswitch etc)
• Keeping the financials documents organized and filed
• Verify all intercompany transactions across businesses - review and sign off on all intercompany transactions across the divisions
• Confirm on monthly basis that charges on COT and Interest are in line with the agreed rate.
• Perform any other related duties from time to time

Key Performance Indicators

• Outputs
• Frequency
• Daily Cash Position
• Daily (12 noon)
• Review of Bank Reconciliation Statements
• Weekly (WD 2)
• Bank Charges/Interest Verification Report
• Monthly (WD 5)
• Report on Fixed Deposit
• Monthly (WD 5)
• Treasury Sectional Report
• Monthly (WD 5)

Functional Competencies / Requirements

• Skill to improve risk management through reduction/transparency of cash balances
• Banking transaction execution and settlement skill
• Cash and investment reporting skill
• Compliance to audit observation as to the segregation of duties with reference to back office functionality of recording transactions through a systematic driven authorization/execution process.