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Group Chief Financial Officer 

Job Description : GROUP CFO NIGERIA Innovative digital solutions provider with various subsidiaries. The Group CFO has responsibility for managing financial sustainability, driving financial performance, meeting financial requirements & maximising return on investment. The role will provide strategic financial advice to the Board of Directors and will play a pivotal role in formulating and implementing financial strategies to achieve the vision and financial performance strategies and measures for the our client group. Providing strategic recommendations to the Board of Directors, CEO/Managing Director and members of the executive management team towards achieving the Group Vision Define the Group financial strategy, ensuring alliance with Group strategic objectives and ambitions/vision Developing and advising on short to long-term business and financial planning Establishing and developing relations with senior management, external partners, investors, brokers, financial advisors/consultants and stakeholders Managing all fund raising and acquisition of capital requirements to achieve the Group Vision Develop innovative funding strategies in line with the Our client Group business Provide financial insight in order to assist formulating and executing business strategy for the Group Proactively manage cash flows for the company and Group Develop financial strategies to optimize value for shareholders in businesses/business units which sit under the Our client Holding Company umbrella. This may include working towards converting them to subsidiaries when beneficial for Our client Manage capital requirements; communicate capital requirements/implications of business decisions to CEO and BOD Ensure proactive initiatives for optimum capital expenditure and taxation Attend meetings of the Boards of Directors; Finance, Audit, and Strategy Committees of Our client and other companies in the Group. Responsible to provide reports and present the company’s finances to these committees and the Boards Managing the processes for financial forecasting and budgets, and overseeing the preparation of all quarterly, half-yearly, and yearly financial reporting of companies in the Group Effectively and proactively manage all financial advisory relationships Contribute to the Group’s strategic direction and particularly from a finance perspective To develop financial strategies which optimize maximum value for all stakeholders. Provide strategic recommendations to the Board of Directors, Group Managing Director, Managing Directors of subsidiaries and members of the executive management team towards achieving the Group Vision Provide financial insight in order to assist formulating and executing business strategy for the Group Develop and ensure effective Service Level Agreement management with all third-parties associated with Finance and Accounts functions Provide a financial platform for measurement and accountability across the Group Prepare and present financial business plans for various purposes Provide a monthly report of sources and utilization of funds for the Group with oversight function of banking mandates of all companies in the Group Continually assess organizational performance against both the annual budget and company’s long-term strategy and vision Ensure most optimum financial utilization of company assets – Getting value for our assets Any other duty assigned. Managing lenders, bankers, shareholders and investor relationships. To provide monthly and periodic reports of sources and utilization of funds for the Group with oversight function of banking mandates of all companies in the Group Manage capital requirements; communicate capital requirements/implications of business decisions to CEO and BOD Preparing and presenting proposals to potential lenders, venture capitalists, bankers and equity financiers. Identifying sources of funds and funding requirements (On-shore and Off-shore). Securing facility that meets business requirements. Overall reduction in cost of funds and costs associated with doing business. Developing effective cash flow management strategy and execute same. Managing local and foreign supplier relationship to ensure optimum value Preparation and presentation of the annual budget. Optimization of company assets to generate revenue Managing external auditors’ and tax consultant relationships Ensure that financial reports meet minimum standards set by regulatory bodies Implement a uniform and standardized accounting package across the Group, including processes To ensure financial reporting compliance within the timeline set by the regulatory bodies To ensure accurate and precise management reporting across the Group To ensure the submission of all required returns in terms of regulatory authority requirements Chartered Accountant as a minimum, with an MBA (preferable) Minimum 5 years as a GCFO in a major commercial/corporate company – A Public company would be preferable Experience as a ‘Group’ GCFO – Group of companies with subsidiaries and investment companies Experience in developing and managing innovative funding instruments across a group of companies Experience in managing public company financial statutory requirements Ability to demonstrate strong knowledge of strategic financial management Ability to demonstrate key business and financial partnerships Knowledge of all public company financial statutory requirements Excellent written and oral communications skills Superior financial and business presentation skills Proven track record of building and maintaining high-level relationships across the financial services industry Proven track record in developing business plans for funding and other partnerships Digital appreciation and experience in operating various accounting packages Proven track record in developing financial strategies to achieve targeted financial and business company growth Proven track record in digital transformation Key Performance Indicators Specific and accountable measures towards achieving the Group vision and strategic financial targets in the following areas: Raising of specific equity and debt funds for Group requirements -Ensure adequate liquidity Increase in the share price measured quarterly (TBD) Cross-border financial business expansion Revenue contribution (TBD) Specific EBITDA targets (TBD) Development and implementation of an agreed Group financial strategy, ensuring alliance with Group strategic objectives and ambitions Measured effective relations with senior management, external partners, investors, brokers, financial advisors/consultants and stakeholders Successful Proactive management of cashflows for the Company and Group Measured Management of processes for financial forecasting and budgets, and timely overseeing the preparation of all quarterly, half-yearly, and yearly financial reporting of companies in the Group on time Management of a skilled, competent and motivated Finance and accounts team 100% prompt submission of management accounts quarterly to regulatory authorities – Nil payment of penalties Financial reporting to be ready by 7th of the month after each quarter 100% Timeliness in payments and improvements in payment processes 100% accuracy of data which is error-free Timely completion of Group statutory audits by end February of each year Timely preparation of financial contribution to annual report and AGM reporting requirements

Posted on : 01-10-2023
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