Lead, Financial Controls at Rosabon Financial Services

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 days ago

Additional Details

Job ID
140982
Job Views
25

Job Description






Summary of Responsibilities




  • The Lead, financial Controls plays a critical leadership role in ensuring the financial stability and operational excellence of the organization.

  • This position oversees all aspects of financial management, including accurate reporting, compliance with IFRS, robust internal controls, and effective resource allocation.

  • By driving efficiency, accuracy, and strategic insights, the Financial Controller supports Rosabon’s growth and long-term objectives.

  • This role is integral to Rosabon Financial Service’s commitment to operational excellence and strategic growth.

  • The Financial Controller will be a trusted advisor and leader, ensuring the company’s financial practices remain robust, compliant, and forward-thinking.



Responsibilties

Financial Reporting:




  • Lead the preparation and submission of accurate monthly, quarterly, and annual financial statements in compliance with IFRS and regulatory guidelines.

  • Analyze financial data to identify trends, variances, and opportunities for cost optimization, revenue growth and profitability.

  • Collaborate with external auditors to ensure smooth preparation of audited financial reports and address audit queries.

  • Provide actionable insights and recommendations to HOD, Accounts to drive strategic initiatives.

  • Ensure timely and accurate reporting to internal and external stakeholders.

  • Standardize reporting templates to streamline processes and maintain consistency.



Internal Controls and Compliance:




  • Develop and implement robust internal control systems to safeguard financial integrity.

  • Ensure compliance with financial regulations, including CBN guidelines, and corporate governance requirements.

  • Conduct periodic reviews and updates of financial policies to align with evolving regulations.

  • Train team members on regulatory requirements and best practices in reporting.



Budgeting and Forecasting:




  • Provide accurate financial results to aid in the preparation and monitoring of Rosabon’s annual budget.

  • Analyze budget performance, highlighting reasons for variances and providing actionable solutions.

  • Develop comprehensive financial models to guide decision-making and resource allocation.

  • Model financial impacts of potential business scenarios to inform strategic planning.



Cash Flow Management:




  • Monitor and manage, alongside the treasurer, the company’s daily cash flow to ensure liquidity for operational and strategic needs.

  • Develop and implement strategies to optimize working capital.

  • Collaborate with treasury and banking partners to manage funding requirements effectively.

  • Provide periodic updates to management on cash flow health, including projections and discrepancies.



Team Leadership and Development:




  • Lead, guide and mentor as a unit team leader, fostering a high-performance culture.

  • Set clear objectives for team members and evaluate performance through regular reviews.

  • Provide ongoing training to enhance technical skills and ensure team alignment with departmental goals.

  • Promote a culture of accountability, innovation, and continuous learning within the department.

  • Build and implement knowledge sharing sessions / succession plans to ensure leadership continuity within the team.



Process Improvement and Technology:




  • Evaluate existing financial processes and implement enhancements for greater efficiency and accuracy.

  • Advocate for and oversee the adoption of advanced financial systems and digital tools.

  • Collaborate with IT to ensure smooth implementation of system upgrades and resolve technical challenges.

  • Document and standardize financial processes to streamline operations and ensure knowledge retention.

  • Stay abreast of technological advancements in financial management to drive innovation and maintain competitive advantage.



Qualifications and Requirements




  • Education: Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree is an advantage).

  • Certifications: ACA, ACCA is mandatory.

  • Experience: A minimum of 6 years in financial management, with at least 4 years in a leadership capacity.



Skills:




  • Strong knowledge of IFRS, regulatory compliance, and internal controls.

  • Proficiency in Microsoft Office packages, ERP platforms, and reporting tools.

  • Excellent analytical, problem-solving, and decision-making abilities.

  • Effective leadership and team management skills.

  • Ability to multitask, prioritize, delegate and perform under pressure.



Salary

N700,000 - N1,200,000 monthly.



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