Exciting Career Opportunity at Ofi
POSITION: Finance Manager
About Us:
We are the global leader in food and beverage ingredients. Pioneers at heart, we work at the forefront of consumer trends to give food and beverage makers goods and ingredients that will thrill their customers. Making a beneficial impact on people and the environment is all part of the fun. With a strong presence in the countries where our ingredients are farmed, we are closer to the farmers, resulting in higher quality and a more stable, traceable, and transparent supply.
Supplying products and ingredients at scale is only the beginning. We add value by offering a distinct, complementary array of natural, delicious, and nutritional products. With our innovative thinking, we assist our customers in unleashing the sensory and functional properties of cocoa, coffee, dairy, nuts, and spices, allowing them to develop naturally wonderful food and beverage items that satisfy consumer expectations. And no matter who we’re with or what we’re doing, we always keep it authentic.
Product Information: Cashew
We’re an expert in all things cashew, including RCN, Kernels, Value Added Kernels, and specialized products like powders, kinds of butter, and more. We are the world’s most integrated cashew supplier, with a strong presence in all main producing countries throughout Africa, Asia, and South East Asia. Our direct procurement ensures traceability from field to factory, allowing us to drive sustainable practices throughout the Cashew supply chain.
The purpose of the function
We are hiring Finance Managers for our West Africa business to help our team in Ghana and supervise Burkina Faso to deliver financial excellence and strategic growth.
Job Responsibilities
- Closing management and financial books monthly, reviewing balance sheets quarterly, analyzing variances, and adhering to reporting timeframes.
- Review of physical vs. SAP reconciliation of all inventory categories, inventory value, cost of products sold reconciliation, grade-wise cost movements, and bin-wise cleaning out-turns.
- Ability to track, comprehend, and assess trade positions, as well as manage risk associated with commodity trading decisions.
- Comparison of budgeted and actual costs for direct costs, direct selling expenses, overheads, and interest.
- Creating monthly M2M files, BRM, fair valuation files, gross contribution reconciliation, and weekly book values.
- Prepare and submit management by exception reports.
- Monitoring and reporting risk exposures for credit, counterparty, currency, positions, and price, as well as validating measures to mitigate operational risks
- Monitoring payment efficiency and anchoring money planning throughout the procurement season.
- Component-wise monitoring, analysis, and reporting of working capital variations versus budgets, as well as actively following up on subsidy receivables, trade receivables for collection, and slow-moving inventories for liquidation.
- Reconcile bank, customer, and vendor reconciliation with confirmations/statements, as well as VAT, payroll deductions, and withholding taxes with statutory returns.
- Conduct audits under local regulatory authorities, centralized audits by statutory auditors, internal audits, tax/customs controls, and cross-country audits.
- Create profitability budgets based on drivers.
- Validate CAPEX project proposals and investment thesis.
- Maintaining transfer price documentation and ensuring compliance with policy.
- Auditing procedures, controls, and financial authority matrix compliance.
- Identify opportunities to maximize trade structured finance arrangements.
- Anchor for all IT, digital, and ongoing business improvement efforts.
Education, Competence, and Experience
- 7–8 years of finance experience in a similar-sized firm capable of handling $200-300 million in turnover.
- A qualified finance professional with comprehensive financial education in derivatives, futures, currency, options, and trading. Equivalent qualifications would be CA or CPA (but with core experience of handling taxation IFRS/SFRS education and experience).
- Experience with financial planning and analysis or as a Finance Manager.
- The ability to learn in a dynamic and progressive setting.
- Proficiency in English communication (both written and verbal) required to interact with worldwide stakeholders (Corporate Finance, Business Unit, Internal Audit, etc.).
- Knowledge of French is an advantage.
- Proficient in Mathematics and Microsoft Excel.
- Capable of multitasking in a complex finance and operations environment.
- Experience managing a multi-location finance staff.
- Business Partnering Experience to Deliver Profitability and Business.
How to Apply for this Career Opportunity at Ofi
Closing Date: October 14, 2024
NOTE:
It is important to keep in mind that employers receive many applications for each job posting and will only select the most qualified candidates. Furthermore, NewsNowGh does not have any influence over the decisions made by employers/recruiters. As a result, we cannot guarantee that sending applications will lead to candidates being shortlisted or selected for a particular position.
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