Finance Manager at Fembol Group

Fembol Group is a leading provider of comprehensive shipping, freight, and forwarding solutions. We specialise in delivering reliable and cost-effective logistics services to businesses globally. Our commitment to excellence, innovation, and customer satisfaction has positioned us as a key player in the logistics industry.

Job Position: Finance Manager
Location: Apapa, Lagos

Job Overview

We are seeking a proactive and detail-oriented Finance Manager to lead our financial operations at Fembol Investments Limited.

The Finance Manager will oversee all financial aspects of the business, including Goods in Transit (GIT) management, Accounts Payable (AP), and Accounts Receivable (AR).

This role requires a deep understanding of the shipping, freight, and forwarding industry, as well as expertise in financial management, strong problem-solving abilities, and a collaborative leadership style.

Job Responsibilities
Financial Reporting & Analysis:

1. Prepare and present accurate monthly, quarterly, and annual financial statements (Profit & Loss, Balance Sheets, Cash Flow) to senior management.
2. Analyse financial data to identify trends, cost-saving opportunities, and areas for growth.
3. Provide actionable financial insights to support strategic business decisions, including capital investment, cost management, and pricing strategies.

Goods in Transit (GIT) Management:

1. Oversee the accurate tracking, valuation, and reporting of Goods in Transit, ensuring that all inventory is accounted for properly during shipping and delivery.
2. Work closely with the operations and logistics teams to monitor and manage GIT levels, ensuring timely reconciliation of GIT balances in the financial records.
3. Ensure compliance with internal controls and external regulations related to GIT, including accurate documentation and reporting.
4. Collaborate with the warehouse, supply chain, and freight teams to optimise GIT management and reduce operational inefficiencies.

Accounts Receivable (AR) Management:

1. Supervise the AR function, ensuring that all customer invoices are issued accurately and on time.
2. Monitor and manage overdue accounts, working with the sales and customer service teams to ensure timely collections and resolution of disputes.
3. Prepare AR ageing reports and analyse trends to improve cash flow and reduce outstanding receivables.
4. Perform regular credit checks and assessments of customer accounts to minimise risk and maintain appropriate credit limits.
5. Ensuring all requested quotes are accurately created and sent out promptly

Accounts Payable (AP) Management:

1. Oversee the AP process, ensuring that all supplier invoices are accurately processed and payments are made within agreed terms.
2. Manage the payment cycle, including reviewing payment schedules and monitoring cash flow to ensure efficient management of the company’s obligations.
3. Review and resolve vendor discrepancies, maintaining strong relationships with suppliers.
4. Ensure timely and accurate AP reporting, including the preparation of AP ageing reports and related financial analysis.
5. Ensure timely and accurate bank reconciliations are done.

Budgeting & Forecasting:

1. Collaborating with the Financial Consultant and Financial Analyst on the budgeting and forecasting process, and aligning financial projections with company goals and business strategies.
2. Monitor financial performance against budget, identifying and addressing variances to ensure financial objectives are met.
3. Assist in developing long-term financial plans and support senior management in strategic decision-making.

Cash Flow & Working Capital Management:

1. Oversee the management of cash flow, ensuring that the company maintains liquidity while effectively managing receivables and payables.
2. Monitor working capital to optimise the use of resources and minimise financial risks.
3. Ensure effective collection of receivables and payment of payables to support the company’s operational needs.

Financial Strategy & Risk Management:

1. Collaborate with senior leadership to develop and implement financial strategies aligned with business goals.
2. Identify financial risks, including currency fluctuations, vendor issues, and payment delays, and implement mitigation strategies.
3. Provide risk analysis and guidance to protect the company’s financial health.

Team Leadership & Development:

1. Lead, mentor, and manage the finance team, promoting a high-performance culture.
2. Provide training and development opportunities to ensure the finance team is well-equipped to meet departmental and company objectives.
3. Conduct performance evaluations, set goals, and provide constructive feedback to enhance team capabilities.

Vendor and Customer Financial Relationships:

1. Maintain strong relationships with key suppliers, customers, and financial institutions, addressing any financial issues or concerns promptly.
2. Oversee the financial interactions with freight vendors, service providers, and logistics partners, ensuring accurate billing and payments.

Financial Systems & Process Improvements:

1. Continuously improve financial processes, adopting best practices and technologies to streamline operations.
2. Evaluate financial software and systems, ensuring they meet the needs of the company and support financial accuracy and reporting.
3. Any other responsibilities that might be needed by the company.

Requirements

1. Bachelor’s degree in Finance, Accounting, Economics, or related field (Master’s preferred)
2. 5 – 8 years of progressive experience in finance or accounting roles
3. 2+ years in a managerial or supervisory capacity
4. Strong knowledge of financial principles, reporting, and forecasting
5. Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle)
6. Advanced Excel and data analysis skills
7. Excellent communication, leadership, and problem-solving abilities
8. High attention to detail and integrity

How to Apply
Interested and qualified candidates should:
Click here to apply online