Flour Mills of Nigeria Plc

Corporate Finance Manager

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Flour Mills of Nigeria Plc is recruiting for Full time Corporate Finance Manager

Job Description

Flour Mills of Nigeria Plc was incorporated in September 1960 as a private limited liability company, and commenced operations in 1962 with an installed capacity of 600 metric tons per day. The Company was converted to a public limited liability company in 1978, and its shares were subsequently listed on The Nigerian Stock Exchange. In its 54 year history, Flour Mills has remained at the forefront of wheat milling in Nigeria. The Company’s flagship brand, Golden Penny, remains one of the best known and the preferred brands amongst bakers, confectioneries and consumers in Nigeria. Flour Mills has invested over N25billion in milling infrastructure over the last seven years, to maintain its competitive advantage. Today, Flour Mills has a rated milling capacity of over 8,000 metric tons per day, making it one of the largest single site mills in the world. The Company’s flagship mill located in Apapa, Lagos comprises of 10 integrated mills. Each mill was designed as a multilevel operation in order to optimize the use of gravity in the sifting process, thereby reducing the energy requirements. In addition, the Company maintains dedicated mills to the processing of different wheat varieties to produce different flour types. This has ensured consistent quality of its products for 50 years. The Apapa Mill also boasts of modern silos with a storage capacity to 191,000 metric tons. Flour Mills has also made significant investments in power generation. The Company has 11 General Electric (GE) Jenbacher gas generators at its Apapa Mills, with a combined capacity of 30 megawatts. This has enabled the company to reduce the occurrence of production stoppages. In addition, the Company has a 30megawatt diesel plant at the same site to act as a backup in the event of any shortage of feedstock to the gas generators.

Job Title: Corporate Finance Manager

Job Type: Full Time

Qualification: BA/BSc/HND

Experience: 5 years

Job Field: Finance / Accounting / Audit 

Job Description

  • Optimize the Group’s capital structure and develop a structured approach to resolving any issues.
  • Raise funds including specialized financing for the relevant businesses.
  • Manage investor relations and prepare investor presentations for quarterly and annual analyst calls.
  • Manage credit rating process, periodically analyze the financial performance of Flour Mills and its key competitors and share reports with the management team
  • Work closely with Business Development department to determine appropriate financing options based on unique business models.
  • Provide inputs into the long-term financial strategies, budgeting process and strategic capital allocation.
Job Requirements
Minimum years of experience

5

Qualifications
B.Sc
Other Requirements

The Person Must:

  • Be detail oriented.
  • Have excellent strategic planning skills.
  • Have excellent analytical and forecasting skills
  • Have good interpersonal skills.

Qualifications

  • First degree in Finance or related field.
  • Professional certification (CFA, ACA, ACCA, CIMA).

Experience:

  • At least 5 years in the corporate finance function of a reputable organization.
  • Experience with equity, hybrid or debt investments either at a corporation, investment bank, accounting or investor relations firm is an added advantage.

This job is no longer accepting applications.

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About Flour Mills of Nigeria Plc
Flour Mills of Nigeria PLC is a Nigeria-based company. It is engaged in flour milling; cement manufacturing; pasta production; importation, blending, distribution and sale of fertilizer; manufacturing and marketing of laminated woven polypropylene sacks and flexible packaging materials; operation of terminals A and B at the Apapa Port; customs clearing and forwarding agents and shipping agents; logistics; production of livestock feeds, farming and other agro-allied activities; and management of ...
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Job Summary
Published
February 20, 2020
Offer Type
Full time
Experience
Minimum of 5years
Deadline
March 5, 2020
Specialization
Finance / Accounting
Industries
FMCG / Conglomerate /Manufacturing / Production
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