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
To ensure accurate financial records, support audits, maintain compliance with regulations, and contribute to the company's financial stability and growth.
THE JOB
Manage financial records, support audits, maintain compliance with regulations, and contribute to the company's financial stability and growth.
Prepare comprehensive financial reports for FMN, including management packs and SFP reports.
Handle monthly provisions, prepaid expenses, sundry payables.
Post various regular charges and perform reconciliations before year-end.
Set up journals for IFRS 16 and 9, prepaid expenses, inventory, S&D entries & reconcile accounts, ensure accurate posting, and manage accruals.
Prepare audit schedules and support documentation for FMN.
Coordinate and attend audits, engage external auditors, and assist in financial statement preparation.
Ensure compliance with internal control projects and annual sustainability reporting.
Manage intercompany transactions, loan payables/receivables, and interest expenses.
Oversee bank and intercompany reconciliations, ensuring timely clearance.
Handle property payments, rates, and lease obligations for FMN.
Contribute to projects like Hyperion FCCS and Internal Control Over Financial Reporting.
Engage in assigned audits.
THE PERSON MUST
Possess strong communication and interpersonal skills.
Have effective problem-solving skills to identify and correct financial discrepancies.
Possess strong organizational skills and attention to detail.
Have understanding of accounting standards and regulatory requirements.
Possess the ability to work in a team and independently.
QUALIFICATION
HND/BSc in Accounting, Finance, Economics or any related field.
Professional certification in Accounting (ICAN, ACA, ACE), Commerce or Economics is an added advantage.
EXPERIENCE
Minimum of 5 years experience working in an FCMG sector or Finance entity.
Demonstrable experience using accounting software.
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