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CHIEF FINANCIAL OFFICER

Closing: Feb 1, 2022

15 days remaining

Published: Jan 4, 2022 (13 days ago)

Job Requirements

Education:

Bachelor's degree

Work experience:

3 years

Language skills:

English

Job Summary

Contract Type:

Full time

The Chief Financial Officer will support the company to continue viability and profitability by

providing

appropriate and prudential financial advisory support to and delivering a sound

financial strategy

for the organization.

Also, he/she will ensure the establishment and effective

execution of robust financial controls,

investment, cash flow, and tax management vehicles and

systems.

Key Responsibilities

● Develop and implement effective financial strategies, policies, controls framework and

management systems to guide and support overall business operations ensuring

compliance with statutory provisions.

● Provide support in the development of strategic plans and forecasts; making

recommendations as appropriate through evidence-based financial modelling.

● Manage the company’s treasury assets to achieve optimal sourcing, application and

growth of funds as approved by Board.

● Implement approved Board financial policies in line with generally accepted

Financial/Accounting practices, IFRS and other statutory requirements.

● Drive the preparation of company annual budgets and monitor performance against

targets.

● Develop and utilize financial models to provide a basis for investment decisions, cash

flow planning.

● Prepare and present periodic financial performance reports, management accounts,

annual financial statements etc. to the Board.

● Advise Board on optimal sourcing and application of funds and implications of changes

in financial regulations, legislation, and government tariffs.

● Manage relationships with financial/ lending institutions, external auditors, and other

relevant regulatory authorities.

● Manage all tax matters and ensure timely remittance of statutory deductions such as:

Pay As You Earn (PAYE), Company Income Tax (CIT), Withholding Taxes (WHT), Value

Added Taxes (VAT), Pension Contribution, Health Insurance etc. including payment of

vendor invoices and reconciliation.

● Manage the Finance & Accounts business unit for effectiveness and efficiency ensuring

optimal utilization of staff performance.

● Liaise with Head HR & Administration in reviewing payroll computations to facilitate

payment to staff and send to Group Head Corporate Support Services for approval.


Responsibilities
The Chief Financial Officer will support the company to continue viability and profitability by

providing

appropriate and prudential financial advisory support to and delivering a sound

financial strategy

for the organization.

Also, he/she will ensure the establishment and effective

execution of robust financial controls,

investment, cash flow, and tax management vehicles and

systems.

Key Responsibilities

● Develop and implement effective financial strategies, policies, controls framework and

management systems to guide and support overall business operations ensuring

compliance with statutory provisions.

● Provide support in the development of strategic plans and forecasts; making

recommendations as appropriate through evidence-based financial modelling.

● Manage the company’s treasury assets to achieve optimal sourcing, application and

growth of funds as approved by Board.

● Implement approved Board financial policies in line with generally accepted

Financial/Accounting practices, IFRS and other statutory requirements.

● Drive the preparation of company annual budgets and monitor performance against

targets.

● Develop and utilize financial models to provide a basis for investment decisions, cash

flow planning.

● Prepare and present periodic financial performance reports, management accounts,

annual financial statements etc. to the Board.

● Advise Board on optimal sourcing and application of funds and implications of changes

in financial regulations, legislation, and government tariffs.

● Manage relationships with financial/ lending institutions, external auditors, and other

relevant regulatory authorities.

● Manage all tax matters and ensure timely remittance of statutory deductions such as:

Pay As You Earn (PAYE), Company Income Tax (CIT), Withholding Taxes (WHT), Value

Added Taxes (VAT), Pension Contribution, Health Insurance etc. including payment of

vendor invoices and reconciliation.

● Manage the Finance & Accounts business unit for effectiveness and efficiency ensuring

optimal utilization of staff performance.

● Liaise with Head HR & Administration in reviewing payroll computations to facilitate

payment to staff and send to Group Head Corporate Support Services for approval.


Requirements
Skills and Competencies

● Problem-solving, numerical & analytical thinking

● Attention to detail

● Financial planning and strategy

● Budgeting & financial controls

● Financial modelling /analysis

● Financial & management reporting

● Leadership & people management

● Compliance Cost Analysis/management

● Investment planning /appraisal

● Corporate finance

● Knowledge of applicable accounting software

● Industry & business knowledge

Education/Professional Qualification/ Experience Requirements

● Bachelor’s degree or its equivalent in numerate or semi-numerate disciplines.

● MBA or a Masters’ in related discipline is required.

● Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of

Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered

Accountants (ACCA), Certified Public Accountant (CPA) or its equivalent is required.

● Minimum of ten (10) years working experience with at least 3 years in a Senior

Management position.

● Deep and broad knowledge and understanding of IFRS Conversion/Accounting


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