Associate, Financial Planning & Analysis

Babban Gona

Babban Gona

Accounting & Finance
Posted on Tuesday, December 5, 2023

Job Description

Who we are
Babban Gona is an award-winning, high impact, financially sustainable and highly scalable social enterprise, part-owned by the farmers we serve. Babban Gona, was created to attract youth to agriculture specifically and away from the looming instability of extremist groups.
We accomplish this by franchising thousands of farmer cooperatives across Nigeria, dramatically increasing the profitability of the smallholder members 2.5 times above the national average. This dramatic increase in net income is accomplished by delivering an integrated holistic package of training, farm inputs and marketing services, on credit. Babban Gona has been able to deliver this credit while maintaining one of the highest repayment rates in the world, currently above 99%, leveraging our comprehensive 8 levels of risk mitigation.
We developed the model with our partners that include His Highness Muhammad Sanusi II, the Sarkin (Emir) Kano, Nestle, IITA, DfID, USAID, GIZ, AGRA, BMGF, Skoll, Kiva, FMCB, Mulago, GIF and Rockefeller Foundation amongst others.
Key Responsibilities
  • Determine which of the company’s products or product lines generate the largest portion of its net profit.
  • Identify which products have the highest profit margin (and which have the lowest).
  • Assist in preparing of internal reports for executive leadership and supporting their decision-making.
  • Create, update, and maintain financial models and detailed forecasts of the company’s future operations.
  • Compare historical results against budgets and forecasts and perform variance analysis to explain differences in performance and make improvements going forward.
  • Assist in high-level decision-making in areas such as policy and strategy.
  • Work closely with the accounting team to ensure accurate financial records on a day-to-day basis.
  • Assist in the preparation of monthly rolling estimates to ensure that performance is in line with the target for the year.
  • Analyse past results, perform variance analysis, identify trends, and make recommendations for improvements.
  • Assist in the preparation and management of cost center reports to track the actual cost against budget.
  • Create and update dashboard/business intelligence reporting.
  • Create presentations that provide insightful analysis, identify required action items, and effectively frame decisions to be made.
  • Ensures ad hoc analysis and related management and financial reports are completed in an accurate and timely manner.
  • Provide support to business partners like commercial and operation teams ensuring.
  • Carry out other responsibilities assigned by the Financial Planning & Analysis Manager.

Requirements

  • Bachelor's degree in Accounting, Finance, Business Administration etc.
  • Understanding of Nigeria's banking operations, treasury and loan processing.
  • 4-6 years experience in accounting and business finance. 2 years out of the 6 years should be in Financial Planning and Analysis.
  • Experience in the use of Microsoft suites such as Excel, PowerPoint etc.
  • Professional qualifications, ACCA/ACA or in the final stage of the qualifications.
  • Other certifications such as FMVA, AFA etc. will be added advantage.
  • Experience in the use of Odoo will be an added advantage. Essential Skills include:
· Budgeting
· Forecasting
· Communication & Collaboration
· Financial Analysis
· Financial Modeling
· Problem Solving
· Report Preparation
· Variance Analysis
Location
  • Babban Gona currently operates a decentralized model with 10 offices spread across Nigeria.
  • Role would be based in Lagos.
Travel

  • Role may require occasional travel to Northern Nigeria.
  • Role may also require additional travel to partner sites across the globe.


Benefits


  • Competitive salary
  • Health Insurance
  • Pension
  • Performance Bonus
  • Annual paid vacation
  • Group Life Insurance