Chief Financial Officer (CFO) at Grand Cereals Limited
Job Description
Grand Cereals Limited (GCL) is an integrated foods company whose primary activity is the creation of superior value from local raw materials, with leading brands in the Cereals, Vegetable Oil and Animal Feed categories.
In 1997 UAC of Nigeria Plc acquired a major shareholding in Grand Cereals Limited, located on a 16-acre site at Kilometre 17, Zawan Roundabout, Bukuru, Jos South, Plateau State, Nigeria. The company which was incorporated in 1983, was originally designed to produce baking flour from imported wheat. Following the ban placed on imported wheat, GCL modified its operation and production objectives, and today, this growing subsidiary of UACN Plc is steadfastly engaged in many value-added agricultural-based industrial activities.
The result is seen today in the current production and marketing focus of the company. GCL consistently delivers to consumers, high quality cereals, oils and feed, via the careful application of internationally acclaimed techniques to manufacture premium products. The core activities being carried out by GCL take place through the operations of the following production units:
A CEREAL MILLcapable of processing Maize into Flour, Grits and Offal as by-product. The Cereal Mill also cleans Sorghum for industrial use.
AN OIL MILL capable of processing Groundnuts, Soya Beans, Palm Kernel and Cotton Seeds into high quality Groundnut Oil, Soya Oil, Cotton Seed Oil, Deodorized Groundnut Oil, Cakes, Soap Stock and Lecithin.
AN ANIMAL FEED PLANT capable of processing the by-products (bran and cake) from the Cereal and Oil mills respectively at 140 tonnes per day. The plant is also capable of processing pelletised poultry feed, cow, pig and fish feed on request. Incorporated in the feed plant is the concentrate/premix plant. The feed plant has undergone a number of capacity expansion initiatives, the latest being the new ultra modern, fully automated feed plant, ready for full activation by June 2004. This new plant will take the company’s feed production capacity to 400 tonnes per day.
STRATEGIC SILOS capable of holding 16,000 tonnes of grains.Purpose Statement
Responsible for directing, leading, and overseeing all financial activities of the company and ensuring compliance with corporate governance requirements and in the business planning, accounting, and budgeting efforts of the business.
Key Accountabilities
Provide the Managing Director and Management Team with expert advice and support regarding financial management and control.
Responsible for conducting annual budgeting and monthly reviews. Ensure the appropriateness of the key assumptions included in financial plans and annual budget proposals. Identify and highlight potential areas of concern in a timely manner.
Manage all financial activities, including cost analysis, capital expenditures, working capital, cash flow management and tax planning. Work with the corporate team or other defined units in the establishment of appropriate policies in these areas.
To advise management on the financial implications of proposals and be proactive in decision-making and implementation.
To co-ordinate the preparation of Annual Estimates, Long Term Plan etc., review and monitor actual performance against plans.
Reduction of the company’s business and operational risks by procuring and managing insurance policies at competitive costs.
Advise on the economic viability and financial implications of marketing decisions in the areas of channel development, product mix, promotion etc.
To prepare Board Reports for the Managing Director’s review and attend Board Meetings. Also, organize relevant documents in liaison with the Company Secretary.
To provide all necessary information that aids the Board in making operational and strategic decisions.
To evaluate and advise on the viability of new investment proposals at both Management and board levels. Also, prepare Capital Expenditure/Revenue proposals with sound justification and reliable information.
Maintain credible and foolproof systems of bookkeeping and financial reporting that will ensure that companies’ assets and liabilities are completely and accurately recorded and that information generated there meets the needs of various users.
Ensure that the company’s trade debtors are managed through strict implementation of approved credit policy.
Ensure that the company’s operations and financial reporting systems comply with relevant statutory and regulating requirements.
Ensure that the company’s working capital is maintained at an optimal level to attain the twin objectives of profitability and liquidity.
Provide quality commercial support for the Sales team to ensure that the company retains the patronage and loyalty of its customers.
Train, develop and upgrade the competencies of commercial personnel for rapid career progression.
Carry out other jobs as may be assigned by management.
Qualifications
First Degree in Accounting.
10-year experience.
Reputable manufacturing company with recognized professional accounting qualifications (ACA, CPA, ACCA ).
Professional Qualifications – ICAN, ACA, CPA, ACCA,
Knowledge, Skills & Experience
Self-confidence and integrity.
Good at information management.
Demonstrates interpersonal communication skills.
Leadership Skill
Innovative and creativity
Externally oriented
Sound analytical skills and business knowledge
Good at customer management.
Maintain standard and group accounting policies and procedures.
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