Financial Controller at Distritech Distribution Limited

Distritec Distribution has been in System Integration & Business Continuity since 1994. What Distritech envisages: The right mix of Products, services, People, infrastructure, and technical expertise Today, we have invested Millions of Naira in establishing core service and delivery infrastructure and developing a specialized Technology Consulting Team across Pan Nigeria for better services and reachability to our valued customers.

We are recruiting to fill the position below:

Job Title: Financial Controller

Location: Lagos Island, Lagos
Type: Full-time
Department: Finance
Reports to: GMD / CEO

Job Summary

• The Financial Controller is responsible for managing the company’s financial operations, ensuring the accuracy of financial reports, and providing strategic financial insights.
• This role involves overseeing accounting practices, preparing financial statements, managing budgets, and ensuring compliance with financial regulations.

Key Responsibilities
Financial Management:

• Oversee all financial and accounting operations including Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting, and Revenue Recognition.
• Manage the preparation of the company’s budget and forecasts.
• Ensure the timely and accurate preparation of financial statements.
• Monitor and analyze accounting data and produce financial reports or statements.

Compliance and Audit:

• Ensure compliance with all financial regulations and standards.
• Coordinate the preparation of regulatory reporting.
• Manage and coordinate internal and external audits.
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.

Strategic Planning:

• Provide financial analysis and insights to support strategic decision-making.
• Work with senior management to develop financial strategies.
• Participate in corporate policy development as a member of the senior management team.

Team Leadership:

• Manage and mentor the finance team.
• Set performance goals and conduct performance evaluations.
• Foster a culture of high performance and continuous improvement within the team.

Financial Systems:

• Oversee and manage the implementation and maintenance of financial systems.
• Ensure the accuracy and integrity of financial data.

Reporting:

• Prepare monthly, quarterly, and annual financial reports.
• Present financial reports to senior management, stakeholders, and the board of directors.

Key Performance Indicators (KPIs) & Performance Goals
Financial Reporting Accuracy:

• KPI: Percentage of financial reports submitted on time without errors.
• Target: 100% on-time submission; <1% error rate.

Budget Management:

• KPI: Variance between actual and budgeted financial performance.
• Target: Maintain variance within 5%.

Audit Findings:

• KPI: Number of significant audit findings.
• Target: Zero significant findings.

Compliance:

• KPI: Compliance with financial regulations and internal policies.
• Target: 100% compliance.

Financial Systems Efficiency:

• KPI: System downtime and data accuracy.
• Target: Less than 1% downtime; 100% data accuracy.

Team Performance:

• KPI: Employee performance and satisfaction ratings within the finance team.
• Target: Average performance rating of 4 out of 5; satisfaction rating of 80% or higher.

Cost Control:

• KPI: Achievement of cost-saving targets.
• Target: Meet or exceed annual cost-saving targets.

Cash Flow Management:

• KPI: Accuracy of cash flow forecasts.
• Target: Forecast accuracy within 95%.

Debt Management:

• KPI: Debt-to-equity ratio.
• Target: Maintain a ratio within the industry standard or company’s goal.

Strategic Contributions:

• KPI: Implementation of strategic financial initiatives.
• Target: Successful implementation of 90% of planned initiatives.

Qualifications

• Education: Bachelor’s Degree in Accounting, Finance, or related field; CPA or CMA certification preferred.
• Experience: 7 – 10 years of progressive experience in accounting or finance, with at least 3 years in a managerial role.

Skills:

• Strong understanding of accounting principles and financial regulations.
• Proficiency in financial management software (e.g., SAP, Oracle, QuickBooks).
• Excellent analytical, strategic planning, and communication skills.
• Leadership and team management abilities.
• High level of integrity and dependability.

Application Closing Date
30th July, 2024.

How to Apply
Interested and qualified candidates should send their Resume to: [email protected] using the Job title as the subject of the Email.