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.
PURPOSE OF THE JOB
The role is responsible for partnering with Corporate Head office (CHO) budget holders to manage budgets, ensuring accurate cost allocation, budget compliance, and proactive management of negative cost trends. Ensures CHO costs are optimized, cost allocations are aligned with activities, and cost-saving initiatives are implemented effectively.
THE JOB
Manage CHO cost operations to ensure compliance with company policies, accrate cost recording, and alignment with budget and LE targets.
Lead monthly reviews with CHO budget holders to address variances and drive achievement of annual financial goals.
Oversee Group Projects on a monthly basis to ensure adherence to budgets, with accurate classification of P&L costs and capitalization of intangible assets.
Analyze and report Group Indirect Costs, identify cost drivers, and resolve variances in Business Units exceeding budget targets.
Coordinate and consolidate Group Cost Savings Initiatives, track actual performance against targets, and collaborate with Procurement to develop and implement cost-saving projects.
Ensure compliance with internal controls, policies, and regulatory requirements for all financial transactions and reporting.
Monitor and improve financial systems and processes to enhance efficiency, accuracy, and reporting capabilities.
THE PERSON MUST
Have excellent verbal and written communication skills.
Be able to work in a fast-paced environment.
Pay high attention to details.
Strong analytical, organizational and decision-making skills.
Flexibility to respond to changes in budgets, targets, and financial priorities.
QUALIFICATION
B.Sc. / HND in Business Administration, Accounting or any related course.
Knowledge of Microsoft Office – Excel, Word, and PowerPoint and other analytical tools.
EXPERIENCE
5 years in FMCG industry
Certification in ACA/ACCA is an added advantage