Chief Financial Officer (CFO) at Ascentech Services Limited

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
92581
Job Views
74

Job Description



Job Overview



  • The ideal candidate will have a proven track record of managing all aspects of financial operations within large-scale restaurant and hotel operations, driving financial strategy, and leading a high-performing finance team.

  • The CFO will play a critical role in shaping the financial future of our company, ensuring stability and growth in a dynamic environment.


Key Responsibilities

Financial Strategy and Leadership:



  • Develop and implement financial strategies that support the company’s objectives and growth plans.

  • Provide strategic recommendations to the CEO and executive team, with a focus on improving profitability and operational efficiency.

  • Lead financial planning, budgeting, forecasting, and reporting processes tailored to the hospitality industry.


Financial Management:



  • Oversee all financial operations, including accounting, treasury, tax, and investor relations, specifically within the context of restaurant and hotel management.

  • Ensure the accuracy and integrity of financial statements and reports, including revenue management, cost control, and capital expenditure.

  • Manage capital structure, funding strategies, and financial risk management.


Operational Efficiency:



  • Optimize financial performance and efficiency across multiple restaurant and hotel properties.

  • Implement and oversee financial systems and processes that cater to the unique needs of the hospitality sector.

  • Drive cost management initiatives, operational improvements, and inventory control.


Risk Management and Compliance:



  • Identify, assess, and manage financial risks related to the hospitality industry.

  • Ensure compliance with all regulatory and legal requirements, including health and safety regulations, labor laws, and industry standards.

  • Develop and maintain robust internal controls and financial policies.


Team Leadership:



  • Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and professional development.

  • Ensure effective communication and collaboration within the finance department and with other departments, including operations, marketing, and human resources.

  • Coordinate with property managers and operational staff to support overall company goals and objectives.


Investor Relations:



  • Manage relationships with investors, analysts, and other stakeholders, ensuring transparent and accurate communication.

  • Prepare and present financial information to the board of directors and investors, highlighting key performance indicators and financial metrics relevant to the hospitality industry.

  • Coordinate and oversee investor communications and reporting.


Qualifications



  • Bachelor's Degree in Finance, Accounting, or a related field; a Master's Degree or professional certification (e.g., CPA, CFA) is preferred.

  • Minimum of 10 years of progressive experience in finance or accounting, with at least 5 years in a senior financial leadership role within the hospitality industry.

  • Strong knowledge of financial regulations, accounting principles, and financial reporting specific to restaurant and hotel operations.

  • Proven experience in strategic planning and execution within a multi-property environment.

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

  • Strong leadership and team management abilities.

  • Exceptional communication and interpersonal skills.

  • Not more than 43 years of age


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