Chief Financial Officer

Job Description : CFO NIGERIA Non Indian company The Chief Financial Officer will be accountable for the financial operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and report accurate financial results. Organizational Relationship: The job holder reports to the CEO The ideal candidate · The ideal candidate must be well experienced in all aspects of financial management, capital raising, financial planning and analysis, and risk management. · He/She must possess strong leadership skills and a forward-thinking mindset to support the company in the execution of strategic initiatives. · Should have an excellent working knowledge of SAP ERP System. · Should have an analytical mind with strong problem-solving skills · Should be able to manage a team of accountants Duties & Responsibilities: · The Chief Financial Officer will perform a wide range of responsibilities. These may include, but are not limited to: · Strategy, Planning, and Management · Act as Chief Financial Officer and strategic business partner to the senior executive leadership team. · Assess and evaluate the financial performance of the organization about long-term operational goals, budgets, and forecasts. · Provide insight and recommendations to both short-term and long-term growth plans of the organization. · Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency. · Communicate, engage and interact with the CEO and Executive Leadership Team. · Create and establish yearly financial objectives that align with the company’s plan for growth and expansion. · Select and engage consultants, auditors, and investors. · Recruit, interview and hire finance, accounting, and payroll staff as required. · Participate in pivotal decisions as they relate to strategic initiatives and operational models. · Implement policies, procedures, and processes as deemed appropriate by the senior leadership team. · Financial Analysis, Budgeting, and Forecasting · Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division. · Review and analyze monthly financial results and provide recommendations. · Identify, develop and execute analysis of business initiatives, and/or new service offerings. · Develop and maintain the monthly operating budget and annual company operating budget. · Manage the financial planning and analysis department. Supervise the creation of reports, software implementation, and tools for budgeting and forecasting. · Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team. · Accounting, General Ledger, Administration and Operations · Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff. · Review and ensure the application of appropriate internal controls, compliance, and financial procedures. · Ensure timeliness and accuracy of financial and management reporting data for the CEO and investors. · Oversee the preparation and communication of weekly, monthly and annual financial statements. · Oversee the preparation and timely filing of all local, state and federal tax returns. · Ensure compliance regarding all financial functions. · Work with Human Resources to ensure appropriate legal compliance. · Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies. · Oversee preparation of monthly, quarterly and annual financial statements. · Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation. · Enhance and implement financial and accounting systems, processes, tools and control systems · Hire, develop and manage accounting directors, managers and staff · Serve as a key point of contact for external auditors; Manage preparation and support of all external audits. Financial Management · Manage the cash flow planning process and ensure funds availability. · Oversee cash, investments, and asset management area. · Explore new investment opportunities and provide recommendations on potential returns and risks. · Maintain outstanding banking relationships and strategic alliances with vendors and business partners. · Financial Relations and Policies · Engage the CEO to develop short term and long term plans, projections and budgets.· · Represent the company to banks, financial partners, institutions, investors, public auditors,· · and officials. · Remain current on audit best practices as well as state, federal and local laws regarding company operations.· · Finance and Accounting Team Management Mentor and develop the finance team, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.· Cash Management · Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs· · Supervise Accounts Receivable management and provide guidance relating to the collection process· · Risk Management · Identify and manage key business and company risks and insurance requirements· · Maintain and ensure compliance with the documented system of finance policies and· · procedures across the group · Responsible for audit reviews of business units, financial and management processes· · and systems to ensure compliance with company policies and procedures. · Supervise and coordinate the preparation and implementation of annual internal audit· plans /programs and endure adherence to plans. Lead audits/special reviews of operations and assessment of business risk and provide recommendations for strengthening existing internal controls.· Eligibility Criteria: · Atleast 15 years of accounting or finance experience· · Bachelor’s Degree in Accounting or Finance and MBA is required· · ACCA or ICAN Required· · In-depth experience in the manufacturing industry is very critical· · 6 years minimum experience as a CFO in a manufacturing company· · · Outstanding knowledge and understanding of GAAP, IFRS, Taxation, etc.· · “Hands-On” ERP Systems Experience – SAP ByDesign preferred· · Outstanding communication and presentation skills.· · Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.· · Excellent analytical, reasoning and problem-solving skills· · Significant experience working with external auditors, internal controls and compliance-· · related issues. · Strong systems, process, and best practices experience.· · Well organized and self-directed.· · REQUIRED SKILLS · Financial planning and strategy · Managing profitability · Strategic planning · Quality management · Promotion of process improvement · Forecasting · Corporate finance · Budget development · Taxation, Management and Cost Accounting

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