Job Objective: The Chief Financial Officer is responsible for planning, directing and controlling the day to day financial functions of the company in order to enable strategic and operational decision making, and to ensure compliance with the company’s requirements. Whilst broad in its mandate, this position has responsibility to create and maintain an environment of robust and effective financial reporting processes, procedures and controls.
Grade Level: M3 – M5
Location: Lagos
REPORTING RELATIONSHIPS:
Reports To: Managing Director
Supervises: Chief Accountant, Treasury Manager, Head, Credit Control
KEY ACCOUNTABILITIES & RESPONSIBILITIES:
Finance Administration
Ensure all taxation and legislative requirements are complied as at when due.
Conduct timely balance sheet reconciliation for review by MD and Executive Management.
Oversee the preparation and management of the capital and operating planning requirements of the company to ensure effective performance, treasury and financial management.
Analyze business performance/results & provide feedback to Executive Management for decision making purposes.
In conjunction with the MD, source and identify suitable financial services providers for the company.
Maintain integrity of the company’s accounting system (including ERP software), ensuring it remains effective and operational at all times.
Manage expenditure in-line with budget approvals.
Participates in preparation of regulations aimed at improving the financial and accounting management of the company.
Management of funds disbursement from HQ & all branches.
Budgeting/ Forecasting, Cash-Flow Mgt and Financial Reporting
Oversee the preparation & presentation of all financial and statutory reports for the company.
Drive and administer the planning, budgeting (operating and capital expenditure budgets) and forecasting activities to enable timely & well-guided decision making.
In conjunction with the MD, ensure that business cash flow adequately supports company work activities and produces optimal results.
Collate all relevant information to produce end of year statutory accounts for the company.
Ensure that end of year statutory accounts report is finalized by specified date and presented for review.
Review and produce company’s profit and loss reports.
Regulatory and Statutory Compliance
Develop, champion and implement procedures, policies and internal controls to ensure efficient business processes to support the attainment of the company’s business objectives
On an annual basis, reconcile company tax, payroll tax & workers compensation against general ledger for review by Management.
Collect and collate all necessary documentation in readiness and preparation of company tax returns; perform specified elements of company tax return for review by external accountants.
KEY PERFORMANCE AREAS:
Financial
Prompt and adequate financial reporting
ROI Index
Timely preparation of budgets.
Company profitability
Maintenance of acceptable working capital ratios
Internal Process
Nil penalties for non-compliance with statutory obligations
Account payable and receivable process optimization.
Customer
Profit per branch/dealer.
Learning & Growth
Organizational financial growth.
EDUCATION/ PROFESSIONAL QUALIFICATION:
A degree in finance, accounting, business management of any other related fields. A Post-graduate degree will be an added advantage.
Must be a member/fellow of a recognized accounting professional body: ICAN, ACCA, CIMA, etc.
Experience
Minimum of 10 years’ experience in finance management with 7 years of it in senior management/leadership role.
Industry experience would be an advantage as is previous experience working in a retail/fmcg, telco or manufacturing environment.
Must be IT literate with good experience in implementing and using an ERP.
Strong interpersonal, verbal and written communication skills.
The ability to lead a diverse team to achieve department and organizational demands is fundamental as is understanding protocol when interacting with management together with maintaining a high degree of sensitivity and confidentiality.
Age
35 – 45
KEY SKILLS & COMPETENCIES REQUIREMENTS:
Functional/ Technical
Project Management
Strategic orientation
Strong mentoring ability
Advanced planning skills
Strong coordination skills
Strong Negotiating skills
Forecasting
Analytical
Trend & Extrapolation
Functional & Organisational Leadership
Behavioural
Results orientation
Team work
Personal mastery
Cultural awareness
Good physical presence
Interested and suitably qualified candidates should click here to apply online.
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