Magna Services (I) Pvt Ltd

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Company Name: Magna Services (I) Pvt Ltd
Location: Nigeria
Salary: INR 2500000 - 3000000 per annum
Job Code: CJ852101
Experience: 7 - 12 Years
Education: C.A. - C.A., ICWA - Cost Accounting
Industry Type: FMCG / Consumer Durables
Function Area: Accounting/ Auditing/ Tax/ Financial Services
Date Posted: 20 Apr 2012

Job Description

Key Skills: FMCG,Finance,Nigeria,Middle-East,Lagos

Responsibilities : Company has recently acquired 51% stake in pan-African leading hair care
company that operates in 14 countries across sub-Saharan Africa.
Position is to set up the Finance and Accounts department for new entity in Nigeria
Financial Controller for the business
a. Overall responsibility of the Finance function (review financial statements, monthly MIS, Group reporting) and audits (internal, statutory).
b. Financial evaluation of projects and post implementation review of the projects
c. Monitoring and evaluating business processes; suggesting and implementing changes to bring in control, efficiency and effectiveness.
d. Involvement in operational functioning pertaining to procurement negotiations and cost savings.
e. Review the work of the finance manager / second line if any and ensuring the procedures are being adhered.
2. Strategic, Financial Control / Budgeting
a. Maintain repository of data and information to support business processes b. Overseeing the implementation/maintenance of ERP system.
c. Drafting capital expenditure plans and investments in line with business strategy
3. Planning & Budgeting
a. Preparing Annual Business Plans (ABP) for the unit
b. Anchor the annual budgeting exercise and ensure that the businesses have a rational assumption basis for the budget
c. Responsible for maintaining and reporting P & L for the unit on a monthly basis
d. Preparing Rolling Estimates for remaining year for all regions and reporting the same to HO. e. Responsible for preparing brand contributions, day sales inventory calculation
f. Monthly Management reporting with detailed analysis of sales & profit along with comparison with prior Rolling Estimate, Annual Business Plan & Previous Year
4. Accounting & Statutory Compliances
a. Timely preparation of annual/monthly reports ensuring analysis of the performances on a monthly basis.
b. Ensure compliance of all applicable statutory and legal requirements for the assigned geography
c. Responsible for planning and managing internal/statutory/tax audits
d. Periodic compilation of a comprehensive checklist for audit and risk management
e. Contribute to better corporate governance by identifying internal control weakness and implementing better controls.

Candidate Profile : CA with Strong FMCG/Pharma/Manufacturing finance background of 7+ years and hands-on experience in accounting/financial operations will fit.
Knowledge of SAP/ERP Accounting Systems will be desirable.
Previous experience in Africa/Nigeria is most desired
This will be a challenging Group Expatriate Assignment for career driven professionals to gain hands-on international exposure in a high-growth market
Person will join in India initially and will be psoted to Nigeria after 1-3 months.
Group Expats will be entitled for a competitive compensation package with aggressive performance linked
upside
Appropriate support on key benefits (like housing, conveyance, schooling, medical, home passage etc) will be provided for Group Expats
There will be promising opportunities provided for Group expats to take up postings further in other geographies or in home location (India)
There will a service continuity maintained with Indian operations for Group Expats
Salary is only indicative when based at Mumbai,India and other benefits will accrue when person is posted at Lagos

Company Profile

It is India''s one of the largest group with 7 major companies with interests in real estate, FMCG, industrial engineering, appliances, furniture, security and agri care to name a few with turnover in excess of USD 3.3 billion .
This group company is a leader among India''s Fast Moving Consumer Goods (FMCG) companies, with leading Household and Personal Care Products.They also have a strong emerging presence in markets outside India.
own international brands and trademarks in Europe, Australia, Canada, Africa and the Middle East. As a part of increasing global footprint, they have also recently acquired a leading medicated brand in West Africa, a leading household care company in Indonesia and two leading hair colorant companies in Argentina.

Contact Details

Name: Ketan Mhatre
Phone Number:

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