Job Description
Location: Magodo, Lagos
Directly reports to: C.O.O
Directly supervises: Account/Admin Officers, Treasury Officers
Job Purpose
- Ensure the organization's financial integrity and sustainability.
- Safeguard company assets and prevent financial leakages through strong internal controls.
- Maintain stable treasury operations and effective investment portfolio management.
- Ensure full compliance with tax, pension, and regulatory obligations.
- Deliver accurate and timely financial reporting to support strategic decision-making.
- Optimize cash flow through effective management of receivables and payables.
- Provide strategic financial advisory support to executive management.
Key Outputs
- Annual budget
- Monthly payrolls
- Monthly management accounts
- Cash flow forecast report
- Investment portfolio
- Treasury & liquidity position report
- Internal control review report
- Annual financial statements
Key responsibilities areas
- Safeguard the company’s financial integrity and prevent financial leakages by:
- Establishing and enforcing a robust internal control framework across treasury, receivables, payables, payroll, and reporting processes.
- Supervising periodic reconciliations and reviewing exception reports to ensure accounts remain balanced at all times.
- Directing internal audit reviews and ensuring corrective actions are implemented promptly.
- Approving financial transactions within delegated authority limits and enforcing segregation of duties across the team.
- Ensure disciplined budgetary control and financial performance management by:
- Overseeing receivables collection to ensure payments are received within agreed timelines.
- Managing payables scheduling to ensure vendors, partners, and statutory bodies are paid on time.
- Aligning inflows and outflows to prevent cash shortfalls.
- Raising payment instructions promptly to meet financial obligations.
- Ensure delivery of accurate, timely, and decision-ready financial reporting and documentation by:
- Directing the preparation of monthly management accounts and business performance reports.
- Reviewing financial statements, interpreting financial data, and presenting insights to support strategic decision-making.
- Enforcing real-time posting discipline within accounting systems.
- Establishing structured filing and documentation standards for financial and administrative records.
- Supervising proper retention of agreements, investment documents, invoices, receipts, and statutory records.
- Ensuring the organization remains audit-ready at all times.
- Safeguard and monitor company assets by:
- Maintaining oversight of the company’s asset register and periodic verification exercises.
- Reviewing asset utilization reports and investigating discrepancies.
- Ensuring adequate controls exist to prevent asset misappropriation.
Build a high performing team by:
- Supervising and setting performance standards for the Accounts and Admin team.
- Allocating responsibilities and ensuring accountability for deliverables.
- Reviewing work outputs to maintain accuracy and compliance standards.
- Providing coaching and strengthening financial discipline across the department.
- Provide strategic financial leadership to executive management by:
- Advising on funding strategies, capital structure, and investment decisions.
- Analyzing business trends, profitability drivers, and risk exposures.
- Supporting corporate planning with financial modelling and performance projections.
- Representing the finance function in executive discussions and decision forums.
- Drive the sustainability and growth of the company’s revenue and capital base by:
- Directing and supervising the monitoring of all client repayments and investment inflows.
- Ensuring reconciliations of repayment plans using Loan Disk and accounting systems are completed accurately and in a timely manner.
- Reviewing exposure risks and intervening where potential ROI or maturity defaults are identified.
- Holding the team accountable for timely investor notifications and settlement of obligations
- Ensure effective treasury and investment portfolio management by:
- Overseeing corporate and individual investment portfolios and monitoring maturity cycles.
- Approving rollover, settlement, or liquidation decisions in line with treasury strategy.
- Ensuring promissory notes and investment obligations are properly documented and tracked.
- Preserving investor confidence through disciplined treasury oversight.
- Ensure full statutory and regulatory compliance by:
- Establishing a compliance calendar covering all tax, pension, and regulatory obligations.
- Supervising the preparation and timely filing of WHT, PAYE, CIT, Directors’ Assessments, and other statutory returns.
- Reviewing and approving statutory remittances prior to submission.
- Representing the organization during regulatory inspections and external audits.
- Any other results/responsibilities/duties/tasks/job roles that may be assigned to you by management.
- Performance Standards
- Strategic financial advisory & funding oversight
- Departmental leadership
- Billing and invoicing
- Payment tracking and receivables management
- Financial reporting and reconciliation
- Sales support
Key interfaces
- Internal: Account Team, Risk and Credit Team, Sales Team
- External: Customers, Regulatory bodies
MINIMUM REQUIRED JOB SPECIFICATION
- Academic and Professional
- HND/Degree in Accounting, Economics, Finance, or any related discipline
- ICAN/ACCA certification.
Experience
- Minimum of 7-10 years of relevant experience with 2 years in a leadership role.
REQUIRED COMPETENCIES
- Organizational Competencies
- Adding Value, Dedication, Excellent Service, Professionalism, Transparency
Grade Category Competencies
- Report writing competence
- Effective communication
- People management skills
- Problem solving
- Financial management skills
- Leadership skills
Functional competencies
- Knowledge of Advanced finance
- Treasury & liquidity management skills
- Financial reporting & interpretation
- Budgeting & financial planning knowledge
- Regulatory & tax compliance management
- Revenue tracking
- Risk assessment & mitigation