Financial Controller at Twinings Ovaltine Nigeria (TONL)

⏲ Oct 15, 2024, 9:02 PM
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Twinings has become one of the world’s most loved tea companies over its 300-year history because we never stop learning, never stop experimenting and never stop inventing. We are passionate about tea from bud to cup and have been working with some of our tea estates around the world since the early 18th Century.

More than 300 years later, the passion for tea is still here - and so are we! We still sell tea from Thomas's shop, and we still work hard to bring the most exciting new blends to tea lovers around the world. Now, we have over 500 varieties and our teas are cherished all over the world. Our expert master blenders taste more than 3,000 cups of tea every week. So you can be sure the next cup you taste will be every bit as good as the one yesterday or the day before.

We are recruiting to fill the position below:

Job Title: Financial Controller

Location: Lagos
Employment type: Permanent - Full time
Workplace type: Hybrid
Deparment: Finance

Description

Twinings Ovaltine Nigeria (TONL) is looking Financial Controller to take full responsibility for the accounting, statutory compliance, finance operations (i.e. payments and cash receipts) and controls of the total Africa business.
The role will also be responsible for managing and monitoring the working capital.
The Financial Controller will develop and maintain TONL’s processes and procedures including the SAP/BI reporting systems, Anti Bribery & Corruption (ABC) and credit control.

Key Responsibilities

Lead the development, implementation and monitoring, documentation, testing and continuous improvement of TONL’s control framework, coaching all TONL team members in control processes, driving a culture change where necessary.
Responsible for the legal entity and statutory compliance
Responsible for the business and financial control environment including:
- Operation and improvement of the SAP system
- Excellence in delivering against ABF’s Financial Control Framework
- Oversight of financial controls at the Ovaltine Factory
- Adherence to and reporting against Anti Bribery and Corruption policy, including supporting the Head of Finance in training of staff and relevant third parties and ensuring required documentation is in place.
Internal audit coordination for TONL Ovaltine Factory.
Preparation of financial statements and annual accounts in line with group policies and statutory requirements for review by the external auditors. Ensure compliance with IFRS requirements
Continuously look for improvements in processes, systems and ways of working to drive team efficiency
Responsible for co-ordination of month-end close. Ensuring completion ahead of IM reporting timelines
Responsible for monthly preparation of complete and accurate Trail balance, review of month end reports and reconciliations
Responsible for the pro-active management of working capital
Support the preparation and collation of the annual budget, quarterly forecast and 5-year strategic plans.
Provide support to the Director of Reporting & Control and wider Africa Team on projects as required.
Reconcile payroll accounts and resolve discrepancies related to payroll transactions, ensuring financial accuracy.
Prepare and present payroll reports for management year end pack, including headcount, salary summaries, and tax liabilities.
Address employee inquiries regarding payroll, benefits, and deductions, providing accurate information and resolving any issues promptly.
Work closely with HR and finance teams to support benefits administration, compensation analysis, and budgeting processes.
Coordinate continuous improvement of processes driving overall team efficiency
Drive professionalism in the finance team, Manage, coach, support and develop the team
Oversee the accurate and timely processing of payroll, ensuring all employee salaries, bonuses, and deductions are calculated correctly.
Ensure compliance with Nigerian tax laws, labor regulations, and statutory obligations, including Pay-As-You-Earn (PAYE) tax, pension contributions, and National Health Insurance Scheme (NHIS) deductions.
Manage key business risks including (BCP) by ensuring continuous and timely reporting of key risk indicators
Review the register of Contracts ensuring visibility of key terms: Start/end dates, costs, payment terms, break clauses, renewal clauses, etc.
Lead the processing and generation of accurate and auditable financial records including payments, month-end journals, GL maintenance and reconciliations
Responsible for CAPEX approvals, maintenance and verification
Review of AP and AR invoices, payments and approval of journals
Ensure timely and accurate reconciliation of all ledger accounts and business partner accounts.
Maintain detailed records of payroll transactions, employee earnings, deductions, and benefits to ensure accuracy and facilitate audits.

Requirements

Minimum of 10 years’ experience working in the finance function of multinational Fast-Moving Consumer Goods (“FMCG”) Company and or relevant role in the Big 4 (with at least 4 years’ experience in similar role)
Organised and pro-active, with the ability to manage multiple tasks
Excellent attention to detail, able to spot irregularities in the details
Adaptable, flexible approach and can thrive and problem solve in an ambiguous environment
Collaborative and adaptive of style to be able to engage, influence and persuade. Be able to work with and engage many different cultures and personalities and interests to deliver the best output for the business.
Qualified accountant (ACA, CIMA, ACCA)
Experience of working in Finance ERP systems
Experience of leading and motivating teams

Benefits