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Job Details

Date Posted

May 19, 2015


Adexen Recruitment Agency

Job Title

Chief Finance Officer At Adexen Recruitment Agency

Job Type



Adexen Recruitment Agency is mandated by Nigeria's 1st Integrative and the fastest growing pharmacy chain in West Africa to recruit Chief Finance Officer for their operations in Lagos, Nigeria.


Our client is Nigeria's 1st Integrative Pharmacy, the fastest growing pharmacy chain in West Africa with over 40 retail stores nation wide

Job description

General Business

  • Direct and coordinate all Accounting/Finance functions and activities of the company in order to ensure the smooth and efficient running of the Department
  • Ensure compliance with statutory authority and audit requirements
  • Maintain integrity of Accounting system (software), ensuring it remains effective and operational at all times
  • Ensure all taxation and legislative requirements are complied with at all times
  • On a monthly basis conduct balance sheet reconciliation for review by Directors
  • Where inconsistencies in reconciliations emerge, take remedial actions or refer to relevant personnel as appropriate
  • Update “chart of accounts” monthly to reflect account management activities
    Provide assistance and direction to the business entities regarding financial matters

Finance Administration

  • Ensure the monthly reconciliation of all ledgers and sub-ledgers
  • Ensure daily on-line reconciliation of bank accounts across the various Banks
  • Analyse weekly business performance/results on an outlet by outlet basis, providing feedback to Senior Management
  • Review branch stock position comparing POS figures with financials, advice management on optimum stock levels at branch and warehouse
  • Track and monitor daily revenue for accuracy, verifying it against POS reports and Bank takings 
  • Suggest and where approved, implement cost management strategies
  • Ensure monthly accruals are adjusted to meet demands of the business
  • On a monthly basis monitor and track debtors to ensure they are consistent with contract conditions 
  • In conjunction with Directors, source and identify finance providers at competitive rates
  • In conjunction with IT Systems Administrator, coordinate and implement upgrades to QuickBooks, providing necessary information/training to direct reports

Budgeting/Forecasting & Reportin

  • Co-ordinate and prepare business plan financial forecasts, annual/monthly budgets, including operating and capital expenditure budgets
  • Ensure the accurate preparation/reporting of monthly/weekly financial results in strict accordance with Company deadlines
  • Where required, provide assistance/direction to managers with regards to the preparation of budgets
  • Ensure approved capital expenditure budgets are adhered to at all times
  • Collate all relevant information to produce end of year statutory accounts for the company
  • Ensure that end of year statutory accounts report is finalized by specified date and presented to Directors for review
  • On an annual basis prepare “budget reports” for review by Directors.
  • On a monthly basis track and review expenditure against set budgets providing Directors with a Budget Inconsistencies Report

Asset Management

  • Ensure all company assets are monitored and accurately accounted for
  • Ensure the fixed assets register is managed and maintained with strict adherence to fixed assets register procedure
  • On a monthly basis ensure the general ledger is reconciled to the assets register

People Management

  • Make self available as coach/mentor in assisting direct reports to develop in their positions
  • Ensure that relevant information is communicated to direct reports enabling them to effectively carry out their functions
  • Delegate tasks to direct reports in line with skill, knowledge and ability and identify skill gaps and training requirements
  • As required, become involved in relevant personnel matters including recruitment, induction, development, performance management, counseling/disciplinary and termination
  • Complete KPI assessment of direct reports within Company specified time frame
  • Ensure all reasonable steps are taken in order to achieve workplace harmony within the organization at all times.



  • Bachelor’s degree in Accounting, with
  • 15 years minimum experience in a structured organization, 10 years of which must be in a managerial capacity. 
  • Experience in a fast growing company or in the retail or fast food industry is an advantage 
  • Professional membership of ACA/ACCA is an added advantage 
  • Experience with ERP Software tools 
  • Impressive Excel skills 
  • Proven presentation skills to both finance and non-finance individuals 
  • Passion for working with the business to achieve key goals 
  • A critical thinker with high attention to detail 
  • Strong commercial acumen 
  • Demonstrated process improvement 
  • Extraordinary interpersonal and communication skills 



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