Finance Director

Job Description : FINANCE DIRECTOR NIGERIA As Director of Finance, you will be responsible for creating a profitable, compliant and sustainable path for the institution in terms of products, processes and business decisions. You will advise on and oversee the implementation of best practices in Finance, Accounting, Treasury, Operations and Investment strategies. You will also play a significant advisory role, highlighting key finance issues and risks to be considered for decision making, including long-term strategies for keeping the business a going concern while deploying appropriate initiatives. Responsibilities: Policies and Procedures: Review and update existing procedures and policies with a focus on implementing best practices and developing KPI and OKR driven finance operations. Develop and implement a framework for finance processes and reporting across the company Design business processes which ensure that key business risks are identified and appropriately managed. Develop policies and procedures to ensure effective treasury operations and optimum liquidity at all times. Curate and maintain an efficient tech stack for finance functions, processes and required forms of reporting. Accounting, Financial Reporting and Compliance: Responsible for the integrity of account balances reported in financial statements. Create of financial statements that are compliant with relevant standards. Prepare accurate financial reports and analysis according to various stakeholder needs. Oversee customer transaction reports and optimize account receivables. Oversee Vendor and Employee payments and optimize account payables. Manage company taxes, optimize liability and limit adverse exposure. Oversee statutory audit preparation and processes. Ensure overall compliance, protect the company from undue liabilities and maintain good standing with all tax and other compliance authorities. Cash Flow Planning and Treasury Operations : Prepare and oversee implementation of a treasury and cash management policy for company operations. Review and approve cash flow plans and reports to ensure that there are sufficient funds available to meet operational requirements. Recommend adjustments to scheduled payments or the redeeming of investments to ensure adequate funds. Work with managers and teams vis-a-vis ensuring adequate funding of approved plans and projects. Monitors and reports on liquidity levels and policy/procedural compliance across the business. Monitor and optimize business cash collections and working capital, reviewing policies, business arrangements and collection initiatives whenever necessary. Financial Planning and Analysis Lead annual budgeting process. Ensure real-time budget monitoring and present monthly performance analysis and variance reporting. Create ad-hoc analysis and reports as required to provide insight into the financial state of the business. Lead strategic long-term financial planning, collaborating with internal departments to facilitate business objectives. Work with company leadership to Communicate drivers of forecasts, risks, opportunities and variances in an insightful way to facilitate timely and proactive decision making. Maintain a real-time dashboard of all metrics and financial indicators that are decided from time-to-time to be important to business health. Investments, Acquisitions and Portfolio Management: Lead the company’s strategy for investments, hedging, acquisitions and overall capital deployment. Recommend and purchase short, medium or long term investment instruments in accordance with the company's investment policy. Keeps abreast of developments in the money market to ensure that selected investment instruments safeguard the company’s assets. Review and approve the monthly investment portfolio performance report ensuring cash and investment activities are in line with corporate objectives. Coordinate the company’s capital spending review process, which includes modelling the financial impact of significant business change or plans. Company Financing Activities: Provide strategic advice and analysis on the optimum mix of equity and debt required to finance company operations. Create and develop ad hoc financial models and analysis to assist and support strategic initiatives and business cases. Lead the financial modelling and due diligence efforts related to the company’s acquisition, fundraising, and/or investment activities. Oversee maintenance of the company’s capitalization table, providing advice for possible optimizations during fundraising events. Stakeholder Engagement and other Relationship Management Responsible for preparing and communicating periodic board and shareholders updates and reports. Responsible for ensuring that all financial arrangements of the company through partnerships and collaborations are in the interests of the business, on the best possible terms and compliant with applicable regulation. Responsible for the issuance of payment instruments by cheque, international wire, electronic funds transfer, and automated clearing house. Responsible for maintaining payment service standards and a payment issuance calendar to manage stakeholders expectations Candidate Profile: 18+ years experience out of which 3-5 years of SAAS finance experience at strategic level required. Beyond just finance should have understanding to strategy or business. MBA preferred. Ability to use financial data to direct strategic decisions. Candidate familiar with Global Compliance will be preferred.

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