Account Payables Manager at Food Concepts Plc

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• Company:
• Location: Nigeria
• State:
• Job type: Full-Time
• Job category:
  
  

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) 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).

We Are Recruiting To Fill The Position Below

Job Title: Account Payables Manager

Requisition ID: 1906

Location: Mushin, Lagos

Department: Finance Department

Grade: Manager 1

Reports to (Title): QSR Finance, Senior Manager

Direct Reports: Payable Associates & Payable Officers

Job Purpose

• To oversee and manage all accounts payable operations, ensuring accurate, compliant, and timely processing of vendor invoices, franchise receivables, and related financial transactions.
• The role supports the integrity of financial reporting, internal controls, and strong stakeholder relationships.
  
  

Responsibilities

Financial Operations & Transaction Management:

• Oversee the complete end-to-end cycle of invoice processing for supplies to all CR, PX and CB outlets in line with company policies and applicable accounting standards.
• Ensure accurate classification, verification, recording, and posting of all direct supplies for QSR Division.
• Exercise necessary control mechanism to prevent/detect procurement fraud.
• Administer periodic account reconciliation with vendors to guarantee accuracy, reliability, and completeness of account payable balances.
• Facilitate payments by coordinating due invoices with the payment team and supporting reconciliation processes.
• Perform weekly reconciliation of supplies with business managers, escalate noncompliance to appropriate authorities.
• Reconcile general ledger accounts to ageing reports and resolve discrepancies to ensure accurate financial records.
  
  

Reporting, Compliance & Control

• Generate and analyze weekly reports on vendor ageing.
• Provide trend analysis of purchases items to guide decision making
• Support month-end close activities with timely submissions and reconciliations.
• Monitor performance through key metrics such as processing time, exception rates, and report accuracy.
• Ensure compliance with internal control standards, including documentation retention and audit readiness.
• Collaborate with internal and external auditors to provide necessary documentation and support audit findings.
  
  

Stakeholder Coordination & Process Improvement

• Serve as the primary liaison between Finance, procurement, and vendors to resolve billing issues and facilitate communication.
• Maintain strong supplier relationships and address discrepancies or escalations promptly.
• Identify inefficiencies in current workflows and recommend process improvements that enhance productivity and reduce errors.
• Provide regular updates and escalate critical issues to senior finance management when necessary.
• Participate in cross-functional initiatives aimed at improving financial systems and operational efficiency.
  
  

Key Performance Indicators

• Timeliness of posting of direct suppliers’ invoices
• Accuracy of weekly reports (vendors’ ageing report)
• Timely closure of monthly purchases and submission of monthly purchases report to inventory team for cost of sales determination.
• Average time per invoice processed.
• Percentage of exceptions/escalations by Operations relating to wrong purchases figures during cost of sales reconciliatiomn
• Percentage of invoice exceptions per audit journals
• Maintenance of good relationship with suppliers
  
  

Requirements

• A good first degree in Accounting or Finance
• Membership of ICAN, ACCA, or any other related professional body is an added advantage
• Minimum of 4 -5 years’ experience in accounts payable or finance operations
  
  

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.
  
  

Application Closing Date

Not Specified.

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