• Application Deadline: Wed, 28 May 2025 00:00:00 GMT
• Position: Chief Financial Officer (CFO)



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 10 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Job Description

Responsibilities

• Financial Strategy & Planning:


• Financial Reporting & Compliance:


• Cash Flow & Risk Management:


• Budgeting & Forecasting:


• Team Leadership & Development:


• Digital Transformation & Innovation:

Key Performance Indicators (KPIs)

Requirements

Skills & Knowledge:

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  • The Chief Financial Officer (CFO) will be responsible for overseeing and managing the financial actions of the bank. This includes financial planning, risk management, financial reporting, and ensuring regulatory compliance. 
  
  
  • The CFO will also contribute to strategic decision-making and work closely with other executive leaders to drive the bank’s growth and profitability. 
  
  
  • This is a critical leadership role in ensuring the bank’s financial health and supporting its digital transformation in the banking industry.
  
  
  
  
  
  
  
  • Lead the development and implementation of financial strategies aligned with the bank's goals.
  
  
  • Provide strategic recommendations to the CEO and executive team based on financial data and insights.
  
  
  • Develop long-term financial models to support business growth and digital initiatives.
  
  
  
  
  
  
  
  • Ensure accurate and timely financial reporting and compliance with regulatory requirements.
  
  
  • Oversee preparation of monthly, quarterly, and annual financial reports.
  
  
  • Ensure the bank adheres to accounting standards, tax regulations, and financial reporting standards.
  
  
  
  
  
  
  
  • Manage the bank’s cash flow to ensure liquidity and effective working capital management.
  
  
  • Identify and manage financial risks, including market risks, credit risks, and operational risks.
  
  
  • Implement financial controls to mitigate risk and ensure financial stability.
  
  
  
  
  
  
  
  • Lead the budgeting process and provide periodic forecasts for financial performance.
  
  
  • Monitor and manage financial performance against the budget, identifying areas of improvement.
  
  
  
  
  
  
  
  • Lead and mentor the finance team, ensuring professional development and strong team performance.
  
  
  • Work with other departments to improve financial literacy and decision-making across the bank.
  
  
  
  
  
  
  
  • Collaborate with the tech team to implement financial technologies and digital solutions.
  
  
  • Evaluate and invest in innovative financial systems to enhance the bank’s efficiency and customer experience.
  
  
  
  
  
  
  
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    Financial Performance:

    
    
    
    
    
    • Achievement of annual revenue and profit targets.
    
    
    • Improvement in cost efficiency, reducing unnecessary expenditures by a set percentage each year.
    
    
    
    
  
  
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    Cash Flow Management:

    
    
    
    
    
    • Maintenance of a minimum cash flow cushion (liquidity ratio).
    
    
    • Improvement in working capital turnover ratio.
    
    
    
    
  
  
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    Regulatory Compliance:

    
    
    
    
    
    • 100% compliance with all regulatory reporting deadlines and standards.
    
    
    • Zero instances of financial non-compliance or audit findings.
    
    
    
    
  
  
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    Budget Management:

    
    
    
    
    
    • Accurate budget forecasting with a variance rate of no more than 5% between forecasted and actual performance.
    
    
    
    
  
  
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    Risk Management:

    
    
    
    
    
    • Reduction in identified financial risks by implementing mitigating strategies, achieving a measurable decrease in risk exposure.
    
    
    
    
  
  
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    Digital Transformation Initiatives:

    
    
    
    
    
    • Successful implementation of at least two digital financial tools or technologies per year.
    
    
    • Improvement in digital transaction volumes and customer satisfaction with online banking services.
    
    
    
    
  
  
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    Team Development:

    
    
    
    
    
    • Achievement of key team development goals, including professional certifications and training for team members.
    
    
    • Employee satisfaction and retention within the finance departments.
    
    
    
    
  
  
  
  
  
  
  
  • Bachelor's Degree in Accounting, Finance, Economics, or a related field (Master’s degree or MBA preferred.
  
  
  • Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or similar certifications are preferred.
  
  
  • Minimum of 10 years of experience in financial management, with at least 5 years in a senior leadership role in a digital, fintech, or banking environment.
  
  
  • Proven experience in managing a finance team, developing financial strategies, and reporting to senior executives.
  
  
  
  
  
  
  
  • Strong knowledge of financial regulations and accounting practices (IFRS, GAAP).
  
  
  • Experience in financial modeling, forecasting, and budgeting.
  
  
  • Ability to use financial software, tools, and digital banking technologies.