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Financial Controller

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Job Description - Financial Controller




Our Client



Our client, an electronics company, seeks to employ a financial controller.







Key Responsibilities:



  • Prepare and present *monthly, quarterly, and annual financial statements in compliance with IFRS and Nigerian GAAP.

  • Ensure adherence to FIRS tax regulations, VAT, WHT, and state tax obligations.

  • Manage statutory audits and liaise with external auditors, tax consultants, and regulatory bodies(FRC, CAC).

  • Implement strong internal controls to prevent fraud and ensure financial integrity.

  • Oversee inventory accounting, including **costing, valuation (FIFO/WAC), and write-offs* for consumer electronics.

  • Monitor stock levels, turnover ratios, and obsolescence risks to optimize working capital.

  • Work with procurement and logistics teams to *track import duties, landed costs, and supplier pricing.

  • Ensure accurate *month-end inventory reconciliation between physical stock and financial records.

  • Analyze gross margins by product line and recommend pricing or cost-saving adjustments.

  • Develop annual budgets, forecasts, and financial models tailored to Nigeria’s market conditions.

  • Analyze product profitability, pricing strategies, and sales performance across retail and distribution channels.

  • Advise management on cost reduction, funding options, and investment decisions.

  • Evaluate local supplier contracts, import duties, and logistics costs for efficiency.

  • Manage and mentor the finance, accounting, and inventory control teams in Nigeria.

  • Improve financial and inventory processes through ERP system enhancements (e.g., Zoho Books,Zoho Inventory, SAP, QuickBooks,)

  • Collaborate with sales, procurement, and warehouse teams to align stock planning with financial goals.






Requirements



  • Bachelor’s degree in accounting, Finance, or Economics; ICAN/ACCA certification required.

  • 7+ years in accounting/finance, with 3+ years as a Financial Controller in Nigeria.

  • Experience in consumer electronics, retail, or manufacturing with inventory oversight is a plus.

  • Strong knowledge of IFRS, Nigerian GAAP, and tax laws (CITA, VAT, PAYE, WHT).

  • Expertise in inventory accounting, COGS analysis, and supply chain finance.

  • Proficiency in ERP systems (Zoho One, Sage, QuickBooks, Microsoft Dynamics) with inventory modules.

  • Advanced Excel (pivot tables, VLOOKUP) for inventory forecasting and cost analysis.







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