Finance Manager

Date: 17 Feb 2025

Country: Ghana

Function: Finance

Sub-Function: Finance Common

About Us

We are a global leader in food & beverage ingredients. Pioneers at heart, we operate at the forefront of consumer trends to provide food & beverage manufacturers with products and ingredients that will delight their consumers. Making a positive impact on people and planet is all part of the delight. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable and transparent supply. Supplying products and ingredients at scale is just the start. We add value through our unique, complementary portfolio of natural, delicious and nutritious products. With our fresh thinking, we help our customers unleash the sensory and functional attributes of cocoa, coffee, dairy, nuts and spices so they can create naturally good food & beverage products that meet consumer expectations. And whoever we’re with, whatever we’re doing, we always make it real.

Product Information

Cocoa

We’re a super specialist in all things cocoa – beans, powders, butters and beyond. In fact, we are the number one
cocoa bean supplier globally with a leading presence in 10 key producing countries across Africa, Asia and South America. In our direct sourcing, our traceability from the farm to the factory allows us to drive sustainable practices across the cocoa supply chain.

Purpose of the role

We are seeking Finance Managers for our West Africa operations to support our team in Ghana with overseeing responsibility for certain corporate function for ofi in Ghana to drive financial excellence and strategic growth.

Job description

•   Monthly closure of management books, financial books, balance sheet review, quarterly audit packs and variance analysis and 100% adherence to reporting timelines
•   Review of Physical vs SAP reconciliation of all categories of inventory, inventory valuation, cost of goods sold reconciliations, grade-wise cost movements, bin-wise cleaning out-turns
•   Ability to track, understand and evaluate commodity trade positions, and manage risk around commodity trading decisions
•   Budget vs Actuals analysis of business profitability and update financial forecasts based on changes in production , costs, market conditions, and business strategies.for direct cost, manufacturing overheads, direct selling expenses overheads, interest.
•   Develop and implement strategies for cost control, including the establishment of cost standards and variance analysis across the plant.
•   Preparation of monthly M2M files, BRM, fair valuation files, gross contribution reconciliations, weekly book values
•   Perform Mark-to-Market (M2M) fair valuations of inventory and contracts positions, ensuring accurate valuation of physical and derivative positions to reflect current values in line with relevant accounting standards.
•   Manage the currency exposure and commodity price fluctuations, ensuring adequate hedging strategies are in place to mitigate exposure risks
•   Preparation and submission of management by exception reports
•   Monitoring and reporting of risk exposures for credit, counterparty, currency, positions and price, validation of controls to mitigate operational risks
•   Anchoring fund planning in collaboration with treasury during procurement season and monitoring payment efficiency
•   Component wise monitoring, analysis, and reporting of working capital related variances against budgets and actively following up subsidy receivables, trade receivables for collection and slow-moving inventory for liquidation
•   Review of bank, customer and vendor reconciliations with confirmations/statements and reconciliation of VAT, payroll deductions, withholding taxes with respective statutory returns
•   Handling of audits under Local regulatory authorities, centralized audit by statutory auditors, internal audits, tax/customs controls, cross country audits
•   Driver based profitability budgeting
•   Preparation and validation of CAPEX project proposals, investment thesis and tracking, monitoring, and reporting of actual spends against budgets at component level
•   Ensuring adequacy of physical security measures, insurance coverage for mitigating risks,
•   Maintenance of transfer pricing documentation and compliance with transfer pricing policy
•   Audit of sops, controls, compliance with financial authority matrix
•   Identify venues for maximizing trade structured finance deals.
•   Anchor for all IT, digital, continued business improvement projects

Education, skills, and experiences required.

•   7-8 years finance experience in a similar sized organization, able to handle 200-300 Mn$ of Turnover.
•   Qualified Finance Professional with a degree that covers extensive Financial Education on Derivatives, Futures, Currency, Options ,Trading . Equivalent qualifications would be CA, or CPA (but with core experience of handling Taxation IFRS/SFRS education and experience).
•   Experience in managing currency and commodity positions, with knowledge of hedging strategies.
•   Strong knowledge of cost accounting, financial reporting, and M2M valuation.
•   Financial Planning and Analysis or similar Finance Manager Experience
•   Ability to learn in a dynamic and progressive environment.
•   High English Communication (both written and verbal) proficiency to be able to work with global stakeholders (Corporate Finance, BU, Internal audit etc).
•   Highly Proficient in Mathematics (ability to share key insights from numbers) and Microsoft Excel
•   Proficiency with financial software and ERP systems
•   Ability to multi-task in a complex finance and operations environment
•   Ability to manage a multi-location finance team.
•   Business Partnering Experience to deliver profitability along with business.

LOCATION: KUMASI

ofi is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.