Chief Financial Officer

Mavicta Human Resources

Accounting, Auditing & Finance

JOB TITLE: Chief Finance Officer

LOCATION: Lagos

DIVISION/DEPARTMENT: Finance Department

JOB SUMMARY

Our client, a principal investment company, is seeking a Chief Financial Officer to direct and oversee the company's financial activities, prepare current financial reports and summaries, and create forecasts to predict future growth.

ESSENTIAL JOB FUNCTIONS

Planning

• Assist in formulating the company's future direction and supporting tactical initiatives.
• Monitor and direct the implementation of strategic business plans.
• Develop financial and tax strategies.
• Manage the capital request and budgeting processes.
Develop performance measures and monitoring systems that support the company's strategic direction.

Operations

• Participate in key decisions to support the executive management team.
• Maintain in-depth relations with all members of the management team.
• Manage the accounting, investor relations, tax, and treasury units.
• Oversee the financial operations of subsidiary companies.
• Manage any third parties to which accounting or finance functions have been outsourced.
• Oversee the company's transaction processing systems.
• Design financial processes, policies and procedures: financial strategies and analysis
Supervise acquisition due diligence and negotiate acquisitions

Financial Information and Treasury

• Oversee the issuance of financial Information.
• Maintain efficient Treasury Management.
• Responsible for planning, implementing, managing and controlling all accounting and finance-related matters.
Report financial results to the Board of Directors.

Risk Management

• Understand and mitigate key elements of the company's risk profile.
• Monitor all open legal issues involving the company, and legal issues affecting the industry.
• Construct and monitor reliable financial control systems.
• Maintain appropriate insurance coverage.
• Ensure that record keeping meets the requirements of auditors and government agencies.
Maintain relations with external auditors and investigate their findings and recommendations.

Funding

• Monitor cash balances and cash forecasts.
• Arrange for debt financing and equity financing.
Invest funds.

Third Parties

• Participate in conference calls with the investment community.
• Maintain banking relationships.
Represent the company with investment bankers, rating agencies and investors.

Key KPI/Ratios:

• Maintain cost-to-income ratio of 35%
• Maintain a maximum of 2% uninvested fund at any time.
• Achieve a maximum of 105% of budgeted expense.
• Minimum ROA of 20%
• Minimum ROE of 50%
Minimum of A rating.

EDUCATION:

• Bachelors and Masters Degree in Business Administration, Accounting, or Finance from a reputable university required.
• Relevant professional qualifications (e.g., ACCA, ACA. CITN, Etc.) is an added advantage
Sponsored Individual of the Securities and Exchange Commission (S.E.C) is an added advantage

TECHNICAL REQUIREMENTS:

• A high degree of Excel proficiency (the ability to create and maintain spreadsheets).
Excellent knowledge of data analysis and forecasting methods.

SKILLS REQUIRED:

• Possess a strong understanding of financial investment strategies and risk management techniques.
• In depth knowledge of corporate financial law and risk management practices.
• Sound knowledge and understanding of the Global, Domestic Economy, and the Nigerian Capital Market.
• Sound knowledge of investment and risk management fundamentals.
• Strong interpersonal skills and communication skills, adept and concise.
• Ability to strategize and solve problems.
• Strong leadership and organizational skills.
• Excellent management and supervisory skills.
• Proficient in database and accounting computer application systems.
Excellent written and verbal communication skills.

WORK EXPERIENCE:

Minimum of 8 years' experience in financial management and 4 years' experience in a similar role.

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