Chief Financial Officer in a Reputable Firm based in Lagos

⏲ Mar 12, 2021, 7:53 PM
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Willers Solutions Limited - Our client, a reputable firm is recruiting suitably qualified candidates to fill the position below:

Job Title: Chief Financial Officer

Location: Lagos
Employment Type: Full-time
Reports To: Managing Director
Direct Reports: Financial Controller, Treasury manager and Management Accountant
Level: Head
Division / Dept: Finance

Job Summary

To anticipate and control financial risks by ensuring the availability of accurate and current financial data and financial resources in line with the business objectives.

Responsibilities

Oversee and champion the articulation and development’s strategy ensuring alignment with company’s corporate strategy and business goals.
Provide overall guidance, leadership support and strategic direction in the execution of the division’s functions and activities.
Coordinate and approve the division’s work programs and plans.
Ensure synergy and collaboration in interdepartmental activities and communication to facilitate effective and smooth running of the division.
Manage risks and returns on company’s financial resources constantly seeking to maximise shareholder’s investments.
Enforce corporate governance in the Company’s financial decision making.
Oversee the development of the company’s corporate budget and allocation of financial resource.
Coordinate the proactive monitoring and reporting of budget positions.
Oversee the development and implementation of robust cost management strategies to monitor and control costs company-wide.
Ensure the development and implementation of a delegation of authorities framework.
Authorise expenditure / transactions in line with company’s delegation of authority.
Ensure development and implementation of strategies to optimally manage the company’s liquidity position, ensuring excess cash is channeled to appropriate investments outlets.
Ensure availability of adequate funding required for company’s short and long term operations and in line with financial policies.
Maintain financial responsibility in company’s assets in terms of accounts, valuations and loss protection.
Ensure timely preparation of pending Budget and tax reports.
Develop and maintain strategic relationships with relevant financial institutions and regulatory authorities.
Communicate division strategies, directives and objectives to staff.
Oversee the development of the division’s budget and monitor its implementation.
Oversee the day-to-day management and administration of the division’s activities.
Manage the human and material resources of the division to optimise performance and enhance output.
Continually review and assess the effectiveness and efficiency of the division and identify improvement opportunities.
Coordinate the identification of risks, their short and long-term financial implications and advise Management accordingly.
Oversee the establishment of efficient controls to mitigate identified financial risks
Ensure the development and implementation of finance and accounting policies, procedures and processes in line with leading practices and accounting standards.
Serve as technical resource for the company on issues relating to the interpretation of accounting, tax regulatory issues.
Prepare and submit periodic management reports and activities.
Oversee the development and implementation of the financial modules of the enterprise management system as appropriate.
Coordinate timely preparation of the company’s financial statement ensuring accuracy and compliance with stationary and regulatory requirements.
Periodically review the company’s financial activities/ performance reports and take appropriate actions.
Ensure proactive and accurate generation of relevant reports to aid management’s decision making process.
Provide relevant advice and recommendations to management on specific financial issues
Ensure adequate and accurate maintenance of project materials with timely generation of relevant reports.

Requirements

First degree in any discipline preferably in Accounting or any other Finance or Business related discipline
Strong knowledge of heading finance and accounting, standards practices and processes
Strong understanding of international and local tax & regulatory framework
Good understanding of the Power industry (especially the upstream sector)
Strong negotiating and business development skills
Ability to think strategically and holistically
Strong business acumen with excellent analytical and problem-solving skills.
Relevant professional accounting qualification e.g. ACA, ACCA, CPA, CIMA or other relevant higher business degree with proven analytical and qualitative accounting/finance competencies.
Minimum of 10 years cognate experience in finance account management/ tax auditing, at least 4 years of which must have been at management level
Experience as head of finance department or its equivalent in a power company is an added advantage
Excellent appreciation of financial risks and mitigating controls