Nectar Beauty Hub is Nigeria's largest one stop beauty company with various beauty products for discerning beauty connoisseurs and other beauty care enthusiasts with emphasize on making everyone beautiful. We stand as a mother brand representing various beauty products and brands in Nigeria.
Nectar Beauty Hub currently has retail outlets across Lagos. Our product lines include Beauty Equipment, Spa Furniture, Nail Care, Skin Care, Personal Care Products, Hair, Makeup & Products for Men.
We are recruiting to fill the position below:
Job Title: Finance Associate
- To facilitate the execution of best practice financial management processes and maintain good relationships with local and international financial institutions, government agencies, consultants etc.
Duties & Responsibilities
Financial Accounting & Treasury Management and Reporting:
- Ensure Proper record keeping of all financial records for adequate reporting
- Ensure all ledgers are reconciled and updated monthly (i.e. Creditors Ledger, Debtors Ledger, Prepayment Accounts, etc)
- Ensure Monthly preparation of Bank Reconciliation Report
- Develop and maintain credit control Policies and Processes
- Manage cash-flow and collections within the outlets
- Design and maintain effective internal control systems
- Ensure Monthly reconciliation of all outlets
- Ensure Monthly business performance reporting (Profit & Loss Account, Balance Sheet, Cash-flow Analysis, Sales Analysis, etc)
- Manage Organizations Tax matters
- Ensure Monthly provision of Business
- Safeguard all company's assets
- Monitor payment processes (Suppliers, Salaries, etc)
Planning & Control:
- Prepare corporate Annual Budget and variance report
- Ensure budgetary Analysis and control
- External relationship Management:
- Manage relationship with banks
- Maintain cordial relationship with Suppliers and Debtors
Inventory Control & Store Management:
- Ensure products received and issued are properly documented and are in good condition with secured packaging not tampered
- Ensure accuracy and efficiency in bar-coding and tagging of all received goods.
- Ensure reconciliation of waybill of actual goods received against shippers packing list and contact the supplier through the Merchandise Buyer to resolve discrepancies.
- Issue dispatch instructions to dispatch riders and drivers and provide routing information to ensure that delivery times and locations are coordinated.
- Schedule and monitor surface pickup, delivery or distribution of merchandise or materials
- Ensure the processing and reconciliation of outlets orders and their delivery
- Monitor demand and supply of goods from outlets
- Review invoices, work orders, reports, and demand forecasts to estimate peak delivery periods and to issue work assignments.
- Ensure proper arrangement of goods for easy identification and retrieval
- Supervise and maintain good relationship with transporters, clearing Agents to ensure quality and timely service delivery
- Plan, develop, and implement warehouse safety and security programs and activities
- Verify inventory computations by comparing them to physical counts of stock and investigate discrepancies or adjust errors.
- Determine and ensure proper storage methods, labeling, identification, and location of merchandise based on quantities, fabric types, environmental factors and physical capabilities of facilities.
- Prevent inventory shrinkage
- Train and evaluate performance of store personnel
Key Performance Indicators:
- Revenue Growth
- Operational Efficiency/Cost Management
- Net Margin
- Return on investment
- Budget Variance
- Timeliness of completed quarterly financial reports
- Performance of external audit
- Quality and ease of retrieval of financial information.