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CHIEF FINANCIAL OFFICER (CFO)

This is role reports to the executive management and organization the individual will be responsible for all aspects of Financial management and monitoring of the internal control environment.

Responsibilities

FINANCIAL MANAGEMENT  

  • Responsible for preparing monthly reports to the management committee.
  • Prepares and complete interim and end of the year statutory accounts, including consolidation of the Nigerian subsidiary with the U.S parent and Ops Co.
  • Responsible for the management of the treasury function and payroll.
  • Management and development of the accounting function designed to monitor and control all aspects of the business; progressing innovative systems development which delivers incisive performance indicators, management information and provides a competitive advantage to the group.
  • Construct and monitor reliable control and fraud prevention systems.
  • Responsible for maintaining appropriate insurance coverage.

TAXATION

  • Compliance with all Nigerian and U.S tax authority requirements.
  • Liaison with external auditors, taxation advisers, solicitors and other professional advisers.
  • Ensures the company complies with all legal and regulatory requirements

BUDGETING AND FORECAST

  • Provide key inputs for the implementation and management of group budgeting cycle.
  • Provide key inputs for the preparation of budgets, forecasts, and business plans and continued
  • Monitoring& review of performance against them to enable robust reporting of variances to the Board and third-party stakeholders.

INFORMATION TECHNOLOGY

  • To take a lead role in the implementation of the
  • Review and (if necessary) upgrade of the accounting system.
  • Lead research and, if necessary implementation of new system through working closely with IT.
  • Ensure record keeping meets the requirements of the auditors and government agencies.
  • Maintains relations with external auditors and investigate their findings and recommendations.
  • Monitor cash balances and cash forecasts; maintain the group’s banking relationship.
  • Be the custodian of the group’s creditworthiness and credit rating.
  • Negotiate with all relevant government bodies, company unions and regulatory entities if and when required.
  • Performs other duties as assigned.

Competency/Skill/Requirements

  • Should possess a Master's degree in accounting or business administration, or equivalent discipline from a reputable institution with good grades.
  • MUST be a chartered accountant
  • Must have prior experience with one of the multinational audit firms (KPMG, DELOITTE, ERNEST & YOUNG)
  •  Should be a qualified accountant with 7-10 years of PQE.
  • Must have thorough understanding of a comprehensive tool box operational and financial performance methods and processes, preferably in capital intensive industries.