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CHIEF FINANCIAL OFFICER (CFO)

Our Client is currently looking to hire a Chief Financial Officer (CFO) in Lagos, Nigeria, with oversight over Regional Offices and Agency location.
 

Responsibilities

i. FINANCIAL CONTROL:

  • Oversee and supervise the preparation of the annual and monthly cash budget
  • Ensure effective budget monitoring and variance analysis

ii. INTERNAL BUSINESS PROCESSES:

  • Coordinate with the Internal Audit department and the Audit Committee to ensure 100% acceptance by Internal Auditors, External Auditors and Regulatory Authorities.
  • Manage the production, verification, and submission of relevant financial reports to the DFIs and returns to regulatory authorities, such as the Central Bank of Nigeria
  • Supervise the production of periodic financial statements in accordance with relevant accounting standards and timetable
  • Develop and implement consistent periodic financial and business performance analysis
  • Ensure periodic review of the entire accounting and financial management systems to ensure efficient capturing and processing of financial data in the light of the business Plan Objectives and ongoing performance
  • Prepare and review periodic cash-flow projections. Propose capital/debt structure / Formulate and supervise the implementation of asset and liability management strategies
  • Provide effective support and participation in the preparation of winning corporate strategy and business plans
  • Ensure maintenance of up-to-date and correct asset register
  • Prepare and review monthly investment status reports. Design and implement robust investment strategies.
  • Ensure periodic review of the entire accounting and financial management systems to ensure efficient capturing and processing of financial data.

iii. LEADERSHIP:

  • Supervise and invest in all members of the FINCON team to ensure they deliver on their KPIs
  • Manage the process of financial reporting to all stakeholders
  • Manage relationship with all the banks where the company has accounts

QUALIFICATIONS AND EXPERIENCE

  • First degree or its equivalent, preferably in a numeric discipline (e.g. Accounting, Economics, Business Administration or in a related field).  A postgraduate degree or an MBA will be an added advantage.
  • Relevant professional qualifications /affiliations such as ICAN, ACCA, CIBN, CFA, ACIB etc.
  • Minimum 10-12 years working experience, minimum of 6 years relative experience. Minimum of 4 years senior management experience within the financial services (i.e. banking, insurance, microfinance, etc.) industry.
  • Prior C-suite experience/ experience reporting to a Board/Board committee.
  • -Good leadership skills with demonstrable results.

Competency/Skill/Requirements

  • Knowledge and understanding of the Nigerian financial services market and Direct Foreign Investment (DFIs).
  • Knowledge and understanding of contract and asset leasing.
  • Must have the ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions.
  • Must be analytical and possess a high sense of responsibility, accountability, integrity and ethical standards.
  • Effective communication skills.
  • Must have strong business / commercial acumen, maturity, and tact, including the ability to relate with highest levels of management of financial
  • institutions.

Salary: Negotiable, based on qualification and wealth of experience