Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionise the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.
The journey began with our pioneering of the food court concept in Nigeria – a new and exciting offering for the local market. At the same time, we also imported well-developed QSR (Quick Service Restaurant) brands from South Africa. Since this time we have concentrated on developing our own brands, which already occupy prime market positions. Chicken Republic, as our flagship brand, is a classic success story.
Since launching in 2004, Chicken Republic has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).
Our multifaceted business also comprises an Operational Division, Central Kitchen Unit and Supply Chain Division.Job Purpose
To process all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.
Core Responsibilities and Key Result Areas
Financial Transactions:
Process accounts and incoming invoices in compliance with financial policies and procedures
Perform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts payable data
Prepare bills for Franchise Royalty Invoices , Franchise Marketing invoices and all sundry invoice requests
Apply payments from franchises to their GL and ensure monthly reconciliation of franchise receivables.
Book all cash advance requests and cash advance retirements.
Reconcile the payable GLs to the ageing reports and other relevant schedule
Verify discrepancies and resolve suppliers’ billing issues
Facilitate payment of vendor invoices by sorting and transmitting due invoices for the payment team.
Prepare weekly cash advance reports
Prepare weekly outstanding franchise invoices report
Prepare weekly creditors ageing report
Bookkeeping and Reporting:
Generate financial reports detailing accounts payable and receivable status
Post transactions to the Financial Reporting System
Initiate journal records for Franchise payments
Generate weekly report of due unretired cash advances.
Key Performance Indicators
Timeliness of Franchise invoicing
Timeliness of posting payment request dockets
Accuracy of weekly reports (vendors’ ageing report, cash advance reports and Franchise receivable invoices)
Number of invoices processes per day
Percentage of invoice exceptions per audit journals
Maintenance of good relationship with suppliers
Job Specifications
Educational Requirements:
A good first degree in Accounting or Finance
Professional Requirements:
Membership of ICAN, ACCA, or any other related professional degree is an added advantage
Experience Requirements:
Minimum of 4 years’ experience in a similar role is required.
Knowledge Requirements:
Knowledge of Basic Bookkeeping and accounting payable principles
Knowledge of managing accounting figures and financial records
Demonstrates data entry skills with a knack for numbers
Knowledge of accounting software
Decision Expectations
Facilitate payment of invoices due
Generate financial statements and reports detailing accounts payable status
Ensure timely entry of invoices for payment
Support other accounting functions
Working Conditions:
Jobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
This role is largely office-based, and requires the job holder to strongly pay attention to detail.
Like other accounting positions, it involves a lot of papers and documents.
Job role holder needs to have a well-organized system to match the right documents to the right files and payments.
Additionally, prioritizing payments based on due dates, amounts and the relationship with the payee is important.
