Jobs at DRYVA Logistics

Responsibilities
Investment Activities, Fund Raising & Board:

• Conduct business research and develop financial models and analysis for areas the company has investments interests in.
• Coordinate the company’s deal / transaction structure and fund-raising projects.
• Develop investment policy, manage the enterprise valuation, analyse investment opportunities and prepare investment proposals for management consideration and decision-making; Work with company CEO in defining investment criteria
• Define the appropriate liquidity levels that the business should maintain.
• Support in the preparation of investment marketing materials e.g. teasers, term sheets and information memoranda; Partnership (PPP) transaction structure (e.g. joint ventures), request for proposals etc. Preparation of investment documentation (investment proposals, presentations, information memoranda, pre-qualification memorandum, term-sheets, etc.)
• Evaluate investment proposals, and commercial transactions (local & foreign) to determine funding needs and sources.
• Analyse financial statements to assess business health / performance and provide strategic guidance for management as well as propose corrective actions.
• Prepare board papers for use in board / board-committee meetings, and monthly management updates
• Develop investor relations charter and strategy for use by the business in engaging key institutional investors.
• Lead short term and long-term financial planning
• Carry our investment appraisal for new investments, as well as capital budgeting.
• Carry out company analysis to determine capital requirement and enable capital structure decision, as well as business analysis for investment decision
• Oversee treasury management to ensure effective use of available cash and advising on how to reduce the cost of funds in order to attain maximum returns on excess cash.
• Improve management information system to ensure the possibility of drill-down, extracting, analysing and interpreting data to assist in the managerial decision process
• Contribute to competitive bid proposals and formal presentations
• Liaise with all parties involved in transactions and assist with negotiations

Operating Activities / Financial Planning & Reporting / Pricing & Cost Accounting:

• Work with the CEO to ensure business activities and operations are profitable
• Develop annual operating budgets / forecasts as well as all project budgets and oversees them; ensure all unit heads are held to account to operate in line with the unit budget. Full variance analysis and corrective action plans are provided on a periodic basis (e.g. monthly/quarterly)
• Produce full sets (income statement, balance sheet and cashflow statements) of periodic management account and other financial documents for the management of the company in accordance with the prevailing policies and procedures, running full variance analysis, financial ratios and detailed note to the accounts to give actionable perspectives to the numbers
• Manage the overall accounting and bookkeeping for the organization including accounts payable and receivable, and capital assets, banking, tax and payroll functions / fringe benefit computations.
• Creating financial models to evaluate performance of business units, as well as carry out customer, competitor, and cost analyses
• Ensure all expenses are within assigned cost or profit centre budget and verify the completeness of all required supporting documentation for all payment vouchers
• Generate pricing for all company transactions and bids.
• Deploy best in class cost accounting tools to ensure clarity of cost bases and provide clarity on cost optimization opportunities, and revenue generating schemes
• Maintain integrity of data/numbers at all times. Ensure completeness, correctness and accuracy of accounting records and transactions in the financial accounting systems in compliance with IFRS and other relevant accounting practices
• Ensure proper filing of source documents and records relating to the operations of every business unit.
• Ensure timely and accurate monthly and year end closure of accounts, including bank reconciliation, accounting month and year close schedules (inventory, receivables, payables, loans, prepayments, deferred income, asset register), and submit reports to the CEO.
• Ensuring the correct filing of monthly tax returns including VAT, PAYE & WHT returns as well as timely remittance of other statutory deductions such as pension deductions.
• Ensure justified bank selection process, open/close bank accounts under the authority of the CEO
• Oversee the management of bank accounts.
• Assisting in investigating and resolving queries relating to invoices.
• Lead tax matters, and lead a team of analysts for Finance & Accounting operations.
• Liaise with company’s lawyers, financial experts and regulatory bodies.

Systems, Polices, Controls & Audit:

• Lead the company’s financial accounting, reporting and control activities, and ensuring these are carried out efficiently and line with best practice and statutory requirements.
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.
• Prepare and report businesses of subsidiaries, franchisees and affiliates where applicable
• Manage the annual audit process in conjunction with the appointed external auditors to ensure statutory accounts are produced within the required timelines.
• Ensure timely preparation of Audited Financial Statements (AFS) and the timely filing of the AFS with the relevant statutory agencies.
• Present oral and written reports from time to time
• Perform other duties as assigned by Management.

Qualifications

• Minimum of a second Class upper in Accounting and / or Finance from a reputable university (exceptional HND candidates will be considered)
• Professional qualification (e.g. CFA, ACCA, ACA, ICAN), MBA or equivalent postgraduate management degree will be an advantage
• Cognate 4-7 years' work experience
• Ability to prepare and maintain full set of management accounts
• Practical financial modelling / forecast skills and strong understanding of tax issues
• Excellent use of modern accounting software such as SAGE, ERP, etc.
• Excellent organizational, problem solving and communication skills
• Excellent mathematical and numerical skills

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Responsibilities

• Ensure companywide compliance with established controls.
• Execute audit assignments while supervising the IA Leads and Officers in the completion of required audit procedures through appropriate testing techniques, assessing compliance with established business control policies, processes, and procedures across the organization, identifying violations of the company’s operational procedures, and escalating identified weaknesses in controls and opportunities for improvement, to the CEO
• Provide timely, reliable, fair, and balanced audit reports and another audit-related memorandum for review by the CEO. Recipients of these reports include executive management, Board Audit, and Finance committees, and the Board of Directors.
• Demonstrate experience in implementing Internal Control over Financial Reporting
• Provide specialized expertise to business operations and functional teams, to ensure business risks are managed appropriately and kept up to date with evolving business needs.
• Work proactively with our External Auditors to determine areas where assistance and direct audit reliance can be provided by Internal Audit.
• Maintain a professional audit staff with proficient knowledge, skills, experience and professional certification to meet the requirement of the audit function.
• Manage functional communications and cross departmental audit projects when appropriate.
• Manage the team’s completion of the audit plan, ensuring that audits/projects progress as planned with respect to scope, budget and timetable.
• Oversee KPI compliance across different functions.
• Ensure compliance with company SOPs and procedures, and maintain effective internal controls across the company’s distribution centres.
• Design and drive effective internal control framework across the company’s distribution centre operations - draft necessary policies, procedures, and processes.
• Drive Loss prevention activities across the company by defining proactive measures to prevent the losses (cash and inventory), ensure enforcement of detective controls, investigate and monitor the incidents, etc.
• Analyse and evaluate organization-wide existing inventory management processes to recommend and implement improvements.
• Ensure accuracy and maintenance of data related to inventory and provide periodic reports to the senior management on inventory related matters.
• Ensure smooth stock transactions at DRYVA warehouses (receipt, storage, order processing and shipping), by implementing effective stock control measures.
• Develop and implement best in class inventory count programs to ensure accurate reconciliation of stock and record accuracy. Manage and guide stock count teams across DCs.
• Exhibit hands on experience in data analytics, automation and system design review and enhancement
• Engage with and manage stakeholders internally across the company, and externally with clients.
• Conduct periodic financial, compliance, operational and special audits and carry out investigations into reported irregularities, as required.
• Review analyses of non-conformities, discuss audit findings across the organization and suggest recommendations.
• Follow up on audit findings to ensure corrective action has been implemented.
• Attend and participate in relevant meetings with key stakeholders.
• Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
• Identify and evaluate control lapses/policy inadequacies through investigations for process improvement.
• Perform scheduled and unscheduled (spot checks) audit visits to DRYVA warehouses across the country.
• Maintain the whistleblowing channels of the Company and provide periodic reports to the CEO.Conduct investigations on reported cases of fraud and misconduct and prepare investigation reports.
• Review daily data entry into the ERP to ensure data integrity and inventory accuracy.
• Lead the entire company internal audit’s annual planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the company and its key stakeholders – agents, company activities and other customers
• Work with strategic third parties and agents as well as internal resources on investigations and communications to regulators as may be required from time to time while maintaining the strictest confidentiality
• Examine documentation, perform substantive and compliance tests, as well as control self-audits; performs analytical reviews, and summarizes work performed, exceptions, findings and recommendations noted during an audit in an audit memo
• Address specific training and development needs to fill compliance gaps.
• Monitor and control Operational Budget and Capital Expenditure Budget (CAPER).
• Review handling of disciplinary issues by HR
• Ensure complete, accurate and timely audit information is reported to management and/or risk committees.
• Prepare and present reports that reflect audit's results and document process
• Any other task as assigned by the CEO

Qualifications, Skills and Experience

• First Degree in Accounting, Finance from an accredited university
• Professional certification, e.g. CIA, ACA, ACCA, or other relevant higher business degree
• Minimum of 7 years related experience
• Master’s degree accounting & finance might be an added advantageExpert in applying internal audit standards, procedures and techniques in accordance with the International Standards for the Professional Practice of Internal Auditing.
• Advanced computer skills, and familiarity with accounting software and databases
• Good knowledge and usage of ERP/Sage
• High attention to detail and excellent analytical skills
• Excellent interpersonal skills, with ability to work well within a team environment and build relationships
• Systematic approach to work, good organisational skills with the ability to multitask and prioritize to adhere to tight deadlines.
• Proven and advanced knowledge of auditing standards and procedures, laws, rules, and regulations
• Proactive, cooperative, and supportive team player