• Application Deadline: Thu, 14 Jul 2022 00:00:00 GMT
• Position: Chief Financial Officer


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Grade Level: SG 11 – SG 14(MGR I – AGM II)

Location: Lagos, Head Office

The purpose of this job shall be to:

• Driving the company’s financial planning.


• Performing risk management by analyzing the organization’s liabilities and investments.


• Deciding on investment strategies by considering cash and liquidity risks.

REPORTING RELATIONSHIPS

Managing Director

Finance Team

JOB DUTIES / RESPONSIBILITIES / ACCOUNTABILITIES

Internally Relates with

• Head Business Development


• Head Contracts Management


• Head Human Resources & Administration


• Deputy Managing Director

Externally Relates with

• Banks


• Regulatory Agencies


• Consultants


• External Auditors

PRINCIPAL ACCOUNTABILITIES & RESPONSIBILITIES

Planning

• Assist in formulating the company's future direction and supporting tactical initiatives.


• Monitor and direct the implementation of strategic business plans.


• Develop financial and tax strategies.


• Manage the capital request and budgeting processes.


• Develop performance measures and monitoring systems that support the company's strategic direction.

Operations

• Participate in key decisions as a member of the management team


• Maintain in-depth relations with all members of the management team


• Oversee the financial operations of holding and subsidiary operations


• Oversee the company's transaction processing systems


•  Implement operational best practices

Financial Information

• Oversee the issuance of financial information


• Report financial results to the board of directors

Risk Management

• Construct and monitor reliable control systems


• Ensure that the company complies with all legal and regulatory requirements


• Ensure that record keeping meets the requirements of auditors and government agencies


• Report risk issues to the board of directors


• Maintain relations with external auditors and investigate their findings and recommendations

Funding

• Monitor cash balances and cash forecasts


• Arrange for debt financing and equity financing


• Invest funds


• Conduct Financial modelling for business profitability

KEY PERFROMANCE INDICATORS

Operational Targets

• Liquidity ratio must not to be less than 3.5:1


• Treasury Management must guarantee a 5% return on average quarterly turnover


• 100 Compliance to statutory obligations with up-to-date payment on Company Income Tax, PAYE, Withholding tax, pension etc.


• Monthly submission of Financial Reports to the MD based on agreed reporting schedule, to include analysis of agreed ratios and indices (ROE, ROI, Liquidity ratios, EPS etc.) to be submitted by 2nd Wednesday every month


• 100% Compliance with approved budget ensuring no budget overruns or extra budgetary expenses


• 100% update of all financial records on the company’s Accounting Application

PERSON SPECIFICATION

Essential

Knowledge/Experience/Technical Skills

1.    Technical Knowledge/Skills:

• Excellent knowledge and understanding of generally accepted accounting principles, practices and financial management.


• Knowledge of financial, budgetary and accounting systems, methods and control procedures.


• Possess a high level of written and oral communication skills.


• MUST have previously overseen/facilitated a request and approval of corporate finance for an organization.

2.    Experience:

• 10+ years of progressively responsible experience for a major company or division of a large


• corporation in a senior financial managerial position.


• Should have experience in partnering with an executive team.

Qualifications

• Master's degree in Finance or Business Administration


• Must be a Certified Chartered Accountant


• A first degree in Accounting, Business, Economics or related fields.


• CFA Charter holder

Behaviors

• Results-oriented, strategic thinker and planner


• Strong leadership and organizational skills


• High level of integrity and dependability with a strong sense of urgency and results-orientation

Other Requirements

• Computer Literate: Excel, Word, Outlook


• Good grasp of accounting database and software package (NAVISION, SAP, QuickBooks etc.)

PHYSICAL REQUIREMENTS

Location: Office Based, both office and field based, Field based

Travel: Office based; None.

                Field Based: 0%-30%

                Office and Field based: 31% - 60%

                Field Based: 61% - 100%

Work Cycle: Mondays to Fridays