Chief Financial Officer

Job Description : CFO NIGERIA Organization is a big corporate group in the automobile and related businesses having its operations across Africa. Looking for CFO for its Nigeria operations to handle over all Finance and Accounts function. Nigeria working experience is must. The Role involves overall responsibility for the strategic planning, implementation, managing and running of all the finance activities of the Nigeria operations, including business planning, budgeting, forecasting, accounting, costing, financial reporting, working capital/cash flow management, treasury and banking, taxation, risk management, compliance, credit, corporate governance, Internal Audit and contract negotiations. Strategy, Corporate Governance: Assisting in the implementation of business strategies and business planning. Establishing a robust Corporate Governance framework, Group management policies and procedures. Coordinating/supporting/monitoring departments, subsidiaries, and branches to ensure adequate ROI as per plan/projections & providing recommendations to Board on continue or divest decisions. Evaluation of opportunities in growth markets as per company strategy and providing recommendations to management from a Financial Perspective. Risk Management & Compliance: Effective management of risk (financial). Professional Indemnity Insurance, D&O & Group Cover. Compliance with Tax, Anti-Money Laundering/Counter-Terrorist Financing Laws Budgeting and Financial Planning: Prepare the Groups annual budget (Country-wise and consolidated at Group level) for presentation to the Board. Establishment of Revenue, Cost and Profit Centres and Transfer Pricing and Overhead Allocation and Apportionment Policies across departments, subsidiaries/associate companies and branches. Provide forecasts of financial results to the Board as required Financial Accounting and Reporting: Ensure consistent Accounting Policies in line with IFRS. Oversee accounting and transactions ensuring the maintenance of general and subsidiary ledgers in accordance with IFRS and respective country regulations on a timely basis. Control over inter-departmental, subsidiary/associate company and inter-branch transactions and regular reconciliation. Control over Chart of Accounts, safeguarding of fixed assets and their annual physical verification, expense control & optimum petty cash maintenance. Accurate and timely periodic (monthly, quarterly and annual) financial reporting. Monitoring of financial performance versus the budget and analyse variances for corrective action and provide MIS to the Board Treasury: Cash flow projections, working capital/liquidity management, 'sweeping' of excess balances into interest bearing accounts & funding as required. FX hedging in line with Group policy. Balance Sheet management including structuring of debt as required. Maintain excellent relations with Banks Receivables and Collections: Formulate Cash & Carry / Credit Policy after consultation with respective stakeholders across countries and submit to Board for approval and roll out smooth implementation of the same. Control over ageing of receivables. Maintain follow up for timely collection of receivables across all regions. Ensure provisioning for bad debts is in line with Group Policy and based on principles of prudence. Procurement & Payables: Negotiate with vendors/suppliers in collaboration with respective stakeholders in order to procure goods and services at optimal prices and best credit terms. Approve purchase requisitions as per Procurement Policy and ensure timely payment to creditors Verify and release all sitting fees, dividend distribution and other payments to Board Members as per Board Approval. Support to HR in salaries and other staff payments as approved by HR. Audit: Coordinate periodic Audit Committee Meetings and assist the Board in: Appointment, reappointment, and removal/replacement of External Auditors. Review and approval of Audited Financial Statements Review of External Audit Management Letters and overseeing timely implementation of their recommendations. Review/approval of Annual Internal Audit Plan and monitoring execution versus plan. Review of Internal Audit Reports and overseeing implementation of Internal Audit recommendations. Adequate resources for Internal Audit. Provide necessary support to External and Internal Auditors in their respective assignments. Collaboration and People Management: Work closely with Senior Management Team, business heads, team and provide requisite support to them to ensure achievement of the Business Objectives. Provide support to other Support Functions as needed. Liaison with Legal Counsel, Consultants, Auditors and Regulators. Represent the company at events. Motivate, mentor, coach, and develop department leaders and a strong second level for future succession planning. - Chartered Accountant - CFA or equivalent desired - 18+ Yrs experience of which at least 4 Yrs in Nigeria. Desired Skill Set: 1.Strategic thinker with strong analytical and decision-making abilities and ability to establish priorities and think out-of-the-box 2. Self-reliant and result-oriented 3. Excellent interpersonal skills, good presentation skills 4. Strong leadership and managerial skills, trustworthy and proactive team player 5. Proficiency in MS Office (Excel, Word, Power-point), knowledge of IFRS 6. Excellent written and spoken English communication skills 7. Positive attitude

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