Job Summary

We are looking for an experienced and qualified candidate to fill this position. Candidate should have 6 years minimum experience as a CFO and 14+ years total accounting or finance post qualification experience.

  • Minimum Qualification: MBA / MSc
  • Experience Level: Management level
  • Experience Length: 6 years

Job Description/Requirements

Responsibilities;

Strategy, Planning and Management 

  • To act as Chief Financial Officer and strategic business partner to Group senior executive leadership team. 

  • To assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts. 

  • Provide insight and recommendations to both short-term and long-term growth plan of organization. 

  • Identify, acquire and implement systems and software to provide critical financial and operational information. 

  • Evaluate departments and make suggestions for automating processes and increasing working efficiency. 

  • Communicate, engage and interact with Board of Directors, CEO, COO, ED (finance) and Executive Leadership Team. 

  • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion. 

  • Involve in process to recruit, interview and hire finance, accounting and payroll staff as required. 

  • Serve as a key member of executive leadership team and round table discussion panel. 

  • Participate in pivotal decisions as they relate to strategic initiatives and operational models. 

  • Interact with and bring department into line with Board of Directors’ plans, initiatives and recommendations. 

  • Implement policies, procedures and processes as deemed appropriate by senior leadership team. 


Financial Analysis, Budgeting and Forecasting 

  • Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division/unit and weekly cash flow by division/unit. 

  • Review and analyze monthly financial results and provide recommendations. 

  • Develop metrics for reviewing and interpreting financial performance such as financial ratios, KPI, KRI, KGI etc.

  • Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings. 

  • Develop and maintain monthly operating budget and annual company operating budget. 

  • Manage financial planning and analysis department. 

  • Supervise creation of reports, software implementation and tools for budgeting and forecasting. 

  • Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. 

  • Provide regular maintenance and backup of all accounting systems and supervise company financial staff. 

  • Review and ensure application of appropriate internal controls, compliance and financial procedures. 

  • Ensure timeliness and accuracy of financial and management reporting data for company’s board of directors. 

  • Oversee the preparation and communication of weekly, monthly, quarterly and annual financial statements. 

  • Oversee the preparation and timely filing of all local, state and federal tax returns. 

  • Ensure compliance regarding all financial functions. 

  • Work with Human Resources to ensure appropriate legal compliance. 

  • Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies. 

  • Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation. 

  • Enhance and implement financial and accounting systems, processes, tools and control systems 

  • Serve as a key point of contact for external auditors; Manage preparation and support of all external audits. 

  • Coordinate and strategize methods used to attain team goals with treasury manager, unit accountants, internal auditor, head of finance etc 


Financial Management 

  • Manage cash flow planning process and ensure funds availability. 

  • Oversee cash, investments and asset management area. 

  • Explore new investment opportunities and provide recommendations on potential returns and risks. 

  • Maintain outstanding banking relationships and strategic alliances with vendors and business partners. 

  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets. 


Financial Relations and Policies 

  • Engage with finance committee and/or board of directors to develop short term and long term plans, projections and budgets.

  • Represent company in banks, financial partners, institutions, investors, public auditors and officials. 

  • Remain current on audit best practices as well as state, federal and local laws regarding company operations. 


Finance and Accounting Team Management 

  • Mentor and develop a team of senior managers, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic. 

  • Guide larger, cross-unit teams outside of direct span of control within the main Group. 


Cash Management 

  • Oversee weekly cash management, approve low/large payables.

  • Oversee activities of treasury managers.

  • Supervise Accounts Receivable management and provide guidance relating to the collection process.


Job Requirements/Specifications 

  • Bachelors Degree in Accounting or Finance.

  • Must be a Chartered Accountant. 

  • MBA from top business school preferred.

  • Strong background in Accounting.

  • Possession of CFE, CISA, CFAN professional certifications as added advantage.

  • 6 years minimum experience as a CFO in a large (NGN 5 billion+), OR publicly traded corporation. 

  • 14+ years total accounting or finance post qualification experience. 

  • Outstanding knowledge and understanding of IFRS, FIRS, compliance and regulatory reporting. 

  • Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred. 

  • “Hands On” – Tally ERP, SAP, experience preferred. 

  • Outstanding communication and presentation skills. 

  • Demonstrated leadership ability, confidence and executive presence – ability to motivate staff. 

  • Excellent analytical, reasoning and problem-solving skills.

  • Significant experience working with external auditors, internal controls and compliance-related issues. 

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