Vacancy For Chief Financial Officer In A Renowned Pension Fund Administrator (PFA) Company

⏲ Aug 24, 2018, 6:40 PM
⋕ View all Banking & Financial Services jobs
⌂ See more jobs at KPMG

KPMG Nigeria - Our client is a foremost Pension Fund Administrator (PFA) licensed with the National Pension Commission (PENCOM). The company provides a full range of tailored retirement support services via their Pension Administration and Fund Management portfolios. In line with the company’s desire to ensure critical roles are filled with individuals with the requisite skills and experience, our Client seeks to hire a top-of-the-class individual with proven track records to occupy the position below: Job Title: Chief Financial Officer - Pensions Company Location: Abuja Profile

The CFO will be responsible for the administrative, financial, and risk management operations of the company, as well as the development of its financial and operational strategies.
S/he will initiate processes to ensure ongoing development and monitoring of control systems designed to preserve the company’s assets.
The CFO will direct the fiscal functions of the company in accordance with IFRS, FRCN, PENCOM and other regulatory and advisory agencies.

Responsibilities Finance Strategy:

Stimulate behaviors across the organization to ensure alignment with the company’s strategic and financial objectives
Leverage financial perspective to improve risk-awareness, strategic decision-making, and performance management integration.
Champion the development of the organisation’s financial strategy by providing critical financial and accounting information, analysis, and recommendations to the executive management team for strategic decision-making
Lead the design and implementation of the structure of all financial resources and operations by forecasting capital, facilities and staff requirements; as well as identifying monetary resources and developing action plans
Provide overall guidance, leadership support and strategic direction in the execution of the company’s finance function and activities

Budgeting & Financial Planning:

Develop planning strategies covering financial & tax strategies, formulating strategic business plans, managing capital & budgeting process, and developing performance measures
Prepare and coordinate the proactive monitoring and reporting of the company’s budget positions
Ensure the approval and proper implementation of company’s budget
Evaluate the impact of new strategies and regulatory actions on the company.

Financial Reporting & Control:

Report financial status by developing forecasts; reporting results; analyzing variances; and developing improvements
Monitor financial performance by measuring and analyzing results; initiating corrective actions; and minimizing the impact of variances
Ensure company compliance with financial reporting and control requirements, and coordinate periodic financial reporting to executive management team, Board and regulatory authorities
Analyze and interpret financial data, and recommend changes to improve systems and financial performance of the company
Accurately evaluate and report all funds under management in line with IFRS
Engage relevant Board Committees on issues, trends and changes in operating models and financial systems
Dynamically balance cost and service levels in delivering on the organization’s finance responsibilities
Develop tools and systems to provide critical financial information to the executive management team and the Board.

Liquidity & Treasury Management:

Oversee capital management including monitoring cash balances and forecasts, group debt and equity financing, and investments
Ensures that optimal liquidity is available to deliver business plan
Monitor the company’s banking activities for proper running and ensure regular reconciliations of all banking transactions with the cash books
Participate in developing new businesses and utilizing identified funding opportunities to support the business.

Regulatory & Statutory Relationships:

Manage relationships with Regulatory and Statutory bodies, i.e. PENCOM, FIRS, States’ Internal Revenue Service etc.
Coordinate regulatory and supervisory functions, ensuring compliance with regulatory requirements by approving and ensuring the filing of statements and reports, returns and taxes.

Required Qualifications and Experience

Bachelor’s degree in Accounting, Finance, Accounting, Economics, Business administration or related field
Professional Qualification (ACA, ACCA, CFA)
Promoting Process Improvement
Corporate Finance
Developing Budgets and forecasting
Good interpersonal and relationship management skills.
Master's degree in Accounting, Finance or Business related field will be an added advantage
Knowledge of IFRS and Nigerian tax laws
Minimum of 10 years post qualification experience in financial sector with at least 5 years in Senior Management position
Understanding of financial techniques and business concepts and ability to express these concepts in clear, concise instructions
Financial Planning and Strategy
Good negotiation and presentation skills