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.