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.