*s

FU?gt#ffiP rr!r0{3{}S {-#t #ffid}

.l{}B SIISCRf PTIC,|{
]ob Title Head of Finance Reports To Chief Executive Officer

Department : Finance Location Premier Food Industries Ltd

Grade Date lune 2020

fob Purpose:
Reporting to the Chief Executive Officer, the Head of Finance wili undertake all aspects of
financial management, including corporate accounting, regulatory and financial reporting,
budget and forecasts preparation, as weli as development of internal control policies and
procedures. He should ensure maximization of return on financial assets by establishing
financial policies, procedures, controis, and reporting systems.

Key Responsibilities o/o of

Time
Strategy:

' Develop and Implement the finance strategy for the Company to achieve the
strategic plan.
. Undertaking strategic analysis and assisting with strategic planning.
a

' Preparation of annual budgets and periodic forecasts as well as long term rolling
LOo/a
plans fregular PrognosisJ.
' Review financial policies, procedures and controls in collaboration with relevant
management and advise on improvements to ensure high level of consistent
financi al performance.
Budset:

' Preparatiou of annual budgets and periodic forecasts as well as long term rolling
plans [regular PrognosisJ

' Appropriate analytical review and interpretation of key performance indicators

2Oo/o
based on various financial data

' Ensure adequate internal controls for effective and efficient budgeting strateg,y,
expenditure, accounting, cash flow and banking
Financial Management

' Ensure working capital management is aligned to the needs of the Company's cash
_ fl:* and business operations

' Ensure monthly operating expenses is within the budget and also in tandem with
revenue growth

' Manage and implement appropriate stock costing processes and records control.
2Oo/a
, Manage Debtors' & Creditor's days as per the company policy

PFIL - Job Description lleud of Finance

 ffi
#r fiff#rfrr## ffiffis L$ywr6fi'.
,!08 IIITSCRIFTION
' Cash management on a weekly basis to ensure working capital is adeqr,rately
managed

' Monthly provision of insightful analysis of P&L, balance sheet and cash flow
' Monthly review of fixed and variable costs with HODs to ensure its within the
budget

' Lead cost efficiency improvement initiatives across the business and ensure
maximization of gross & operating margins on monthly basis
' Review and approve pre & post promotion analysis to guide decision making on
effectiveness of the promotion
Reporting

' Direct involvement in corporate reporting for financial and management

information [e.g. board paper preparationJ
' Responsible for monthly and annual statutory accounts and reporting of financial
Statements.
2Oo/o
' Prepare and develop daily reports to assist in product pricing decisions

' Ensure accurate and timely preparation of monthly management accounts to

support business decisions and possible outcomes.
Statutorv
, Design appropriate tax planning practices

' Ensure compliance with statutory and regulatory returns deadlines e.g. Corporate
LOo/a
Tax, PAYE, VAT and withhoiding taxes
. Handle any tax revenue authority audits and inspections
Peoole Manasement

' Manage the finance team and ensure they meet their targets as per the discussed
individual objectives
' Carry out quarterly performance review using the appraisal tool to monitor
progress and ensure the team meets their set targets within the required
timelines. Provide feedback in order to support the growth both at the individual
and business level

' Provide leadership and direction to the team to ensure maximum productivity at
all times by driving initiatives that contributes to long term operational excellence

' Enhance the Finance's team skills, competencies ,nd capabilities through 2Ao/o
co4ching, mentorship and other learning & development prograrlmes

' Conduct weekly meetings with the team, evaluate performance, take corrective
actions and reward I motivate the best performers with speed and flexibility in
order to constantly improve productivity

PFIL - Job Description Eead of Finance

t
liE

,qf,ilffi,ffitr tryS#,'s L#rfrt Xffiffi

.r{} ffi {}E$ct rq. I I}T'ION
Direct Reports to this Position

. All staff in the finance function

o Audit Section
. informationTechnology

Customers of this Position

, PFIL Team
. Customers of the Company
, Suppliers

Skills and Experience required for this Role

. Bsc/BA iu accounting, finance or relevant field; MSc/MA is an added advantage
r Must be a Certified Public Accountant with at least 7 year of experience at Managerial level
r In-depth knowledge of corporate finance and accounting principles, iaws and best practice
r Solid knowledge of financial analysis and forecasting

Leadership Competencies
c Strategic thinker
. Ability to motivate & empower teams to perfonn at their best
. Ability to develop ctirers
r Leading Change
r Learning Agility

Core Competencies
r Ability to set high standards and strive for excelience
o Customer/ Client Engagement
r Creative and Innovative
r Problem solverfDecision maker
r Effectivecommunicator
. Collaboration & Consultation
o Effective communicator
I hereby confirm that I have read and understood my role clearly and would perform
these duties diligen the best of my a bilitv..

Iob Holders' Date: o<{ dr 0D-

..' . '. ..1'..' . .t . ..

CEO's Signature: Date

HRM's Signature Date

PFIL - Job Description Head of Finance