Finance Manager at Kloverharris Limited

Job Title: Finance Manager

Job Summary

• We are seeking a highly skilled and motivated Finance Managerto join our team. The ideal candidate will have a strong understanding of financial management, accounting principles, and corporate finance. 
• As the Finance Manager, you will be responsible for overseeing the company’s financial health, ensuring accurate financial reporting, managing budgets, and providing strategic financial advice to leadership.

Responsibilities

• Develops adequate processes and procedures for cost control function to maintain efficient operational excellence.
• Determines the actual landed cost of each product by looking at all expenses within the supply chain and compare the landed cost with supplier’s recommended retail price (RRP) and on that premise advise management of the recommended selling price (RSP).
• Analyze and update recommended selling price periodically or as advised by management and product suppliers.
• Carry-out financial analysis and evaluation of product costs, costs of sales and other overheads, actual costs to estimates, analyze variances and generate relevant information for management decision-making.
• Assist in the improvement of internal and financial controls related to product costing.
• Work closely with relevant process owners to obtain necessary information required for compilation, documentation and analysis of costs.
• Analyze products actual landed costs, cost of sales and determine the gross margin and product profitability.
• Conduct monthly cost reviews for all brands, providing adequate documentation.
• Prepare detailed monthly cost analysis and track actual margin against targeted margin.
• Recommending changes to the company’s processes and policies to reduce cost and maximize profit.
• Advise management on appropriate costing based on financial data and cost metrics.
• Identify scope and execute strategic price improvement initiatives with product insight on market analytics, pricing and cost.
• Assist in budget preparation, profitability analysis, reviewing of financial records, researching of market rates for key business costs, providing data for stable budget developments, allocating indirect costs to internal processes and detailed analysis and evaluation of direct cost drivers.
• Work with the Executive Director and Head of Finance for the determination of minimum gross margin required for all company product sold across all branches.
• Use business acumen and technical knowledge to develop and deliver business Intelligence solutions for internal customers.
• Prepare monthly, quarterly and annual cost forecasts and analyze profit margins.
• Assist in month-end and year-end closing.
• Analyze payroll advice and process monthly payroll input on Excel and document same on the Sage ERP solution.
• Process and remit staff salaries, wages, allowances, bonuses, and other staff-related expenses as may be required on a monthly and annual basis.
• Manage the administration and remittances of statutory deductions such as Pension, PAYE, ITF, NSITF, and other statutory dues to the relevant collecting bodies.
• Generate monthly and periodic payroll-related reports for Management decision-making.
• Support the annual budget preparations.
• Compute terminal/ exit benefits and remit as necessary and as provided for by regulations.

Requirements

• Bachelor’s Degree/HND in Accounting, Finance, Economics, Business Administration or related field
• Professional Qualification (ACA, CIMA, ACCA)
• Minimum of 15 years’ experience of which 8 years have been in senior management in the Retail or FMCG industries.
• Costing and forecasting skills
• Ability to effectively manage competing deadlines for projects in a high-pressure work environment.
• Excellent written and spoken communication skills;
• Proficient use of Microsoft office Packages and ERP.

Application Instructions:

The application deadline is 18th April, 2025. Therefore, Qualified and interested candidates should send their updated Resume to: [email protected]   using the Job Title as the subject of the email.

Note: Only qualified candidates will be contacted. It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.

Official Job Website: https://kloverharris.com/