Senior Finance Analyst

Job Title : Senior Finance Analyst

Location : Agbara, Ogun State, Nigeria

Employment Type : Full-Time

Work Type : On-premise

Reports To : Director, Manufacturing | Finance Director

Collaborates With : All departments and business units

Job Summary

The Senior Finance Analyst will be responsible for overseeing all financial functions of the organization, with a strong focus on cost accounting, budgeting, financial planning and analysis, inventory control, treasury operations, and compliance. The ideal candidate will bring experience from the manufacturing sector and demonstrate a strong understanding of financial systems and controls relevant to a production environment.

Key Responsibilities

1. Financial Planning & Analysis

Lead the annual budgeting and quarterly forecasting processes.

Provide strategic financial insights to guide operational and investment decisions.

Prepare detailed variance analysis and financial performance reports for management.

2. Cost Accounting

Implement and maintain standard costing systems and Bill of Materials (BOM).

Monitor cost of production and analyze cost variances.

Drive cost optimization initiatives across the business.

3. Inventory & Working Capital Management

Ensure proper accounting, valuation, and control of raw materials, WIP, and finished goods.

Partner with operations to manage stock levels, reduce wastage, and improve inventory turnover.

Monitor and report working capital performance metrics.

4. Financial Reporting & Compliance

Prepare and present monthly, quarterly, and annual financial statements.

Ensure compliance with local accounting standards (NGAAP / IFRS) and internal financial policies.

Coordinate statutory audits and liaise with external auditors and tax consultants.

5. Taxation

Ensure accurate and timely computation, filing, and payment of taxes (VAT, WHT, CIT, etc.).

Manage tax audits and provide necessary documentation and reconciliations.

Identify tax-saving opportunities while maintaining compliance.

6. Financial Modelling & Business Case Development

Build and maintain financial models for investment and operational decisions.

Support new projects, capex proposals, and strategic initiatives with robust financial analysis.

7. Treasury & Cash Management

Manage banking relationships and daily cash flow operations.

Forecast liquidity needs and optimize financing structures.

Monitor foreign exchange exposure and assist in FX-related transactions.

8. Cost Optimization

Drive cost-efficiency initiatives across operations, including contract negotiations and third-party partnerships.

Implement strategies to reduce waste, theft, and unplanned expenditures.

9. Operational Excellence

Establish and monitor KPIs to measure performance across operational areas.

Implement continuous improvement initiatives leveraging data and technology.

Champion innovation and best manufacturing practices.

Key Competencies

Strong analytical and problem-solving skills.

High attention to detail and accuracy.

Excellent communication and stakeholder management skills.

Ability to work independently and manage multiple priorities.

Strong leadership and team collaboration capabilities.

Strategic thinking and commercial acumen.

Excellent negotiation and communication skills.

Ability to work under pressure and lead multiple moving parts seamlessly.

Qualifications & Experience

Bachelor’s degree (1st or 2 : 1 class) in Accounting, Finance, or related field (MBA or professional certification preferred).

ICAN, ACCA, or CPA qualification is mandatory.

Minimum of 7 years relevant experience, with at least 3 years in a manufacturing or industrial company.

Proven experience in management accounting, financial management, cost accounting, budgeting, and financial reporting.

Familiarity with ERP systems (e.g., Sage, SAP, Oracle, Microsoft Dynamics) is an advantage.

Strong Excel and financial modeling skills.