Job Summary

Responsible for Development and Implementation of Finance Strategy & Controls in the Business Units (Somaliland, Ethiopia & Djibouti) aligned with business objectives. Provide valuable analysis to support as input for business level decision making.

Roles & Responsibilities

Manage the company\'s financial accounting, monitoring, and reporting systems.

Ensure local/legal compliance with accounting policies and regulatory requirements.

Produce & provide management with accurate timely financial data, related to business financial performance, quantitative analysis & KPIs in accordance with global financial best practices and evaluation models, to support day to day business & investment decision making.

Manage relevant risk to ensure reliability, validity of internal control procedures & governance models.

Responsible for all price updates at all levels & pricing structures in order to achieve profitability & margin returns for all SKU products.

Reporting: Provide regular financial reports & updates to management, with detailed analysis, variance reports in comparison with BP, KPIs, sales & product/SKU analysis to support business decisions.

Month end closing: Review & finalize BU profitability statements, month-end closing to meet deadlines & ensure smooth flow of processes for all units.

Business Support: Provide consulting solutions to internal customers on various issues ranging from finance evaluation, process optimization, trading, pricing, control environment & other various finance related daily activities to streamline internal financial processes in order to achieve target objectives & maximize operational efficiencies.

Budgeting: Develop innovative budgeting models, to ensure effective budgeting flow & reliability of forecasted financial data & lead the process & preparation of the annual business plan.

P&L Forecasting: Conduct forecasting analysis to align the existing business plan with realistic/current estimates & liaise with senior management to ensure validity of business plan parameters, providing actual & budget variance analysis, realistic estimates.

KPIs

• Support BU to achieve Budget Nos.
• Working Capital Management
• Detailed Analysis of Marketing Spent
• Optimize ERP Modules
• Statutory Legal/Financial Compliance

Work Experience Requirement

10 and above years of experience in Finance within FMCG manufacturing environment with at least 4 years in the Finance Department Leadership Role.

Qualification

• Degree/Post Graduate Degree in Commerce/Accounting/Economics/Other commensurate functional area.
• Professional qualification in Chartered Accountancy.

Skills

• Excellent business judgment, analytical, and decision-making skills.
• Strong exposure to Costing/Pricing, Budgeting/Forecasting, CAPEX.
• Good Business Acumen.
• Ability to work and effectively communicate with senior-level business partners.
• Strong demonstrated use of Excel, Word, and PowerPoint (Knowledge of ERP, SAP will be a plus).
• Results Oriented.

Competencies

Ownership & Result Orientation

Business Acumen

Financial Reporting

Financial planning and Analysis

Financial Compliance

Forecasting

Self and Team Management

Planning & Decision Making

Strategic Thinking

Change Management

Business Unit: International Sales-Consumer (368)

Business Group: Oils & Fats

IFFCO