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Head of Finance Operations

4 months ago

Lagos, Nigeria CIG Motor Ltd Full time

Position Overview

  • The Head of Finance Operation will oversee the financial operations of CIG Motors Company Limited, ensuring the accuracy and efficiency of financial processes.
  • This role involves managing day-to-day financial activities, implementing financial policies, and ensuring compliance with regulatory standards.
  • The Head of Finance Operation will work closely with other departments to support financial planning, reporting, and decision-making.

Key Responsibilities
Financial Management:

  • Oversee daily financial operations, including accounts payable, accounts receivable, payroll, and general ledger functions.
  • Ensure timely and accurate processing of financial transactions and reconciliations.
  • Manage cash flow and ensure adequate liquidity for operational needs.

Financial Reporting:

  • Prepare monthly, quarterly, and annual financial statements in compliance with IFRS.
  • Conduct financial analysis and provide reports to senior management.
  • Ensure the accuracy and integrity of financial data and reporting.

Budgeting and Forecasting:

  • Assist in the preparation of annual budgets and periodic forecasts.
  • Monitor financial performance against budgets and provide variance analysis.
  • Support strategic planning and decision-making with financial insights.

Compliance and Internal Controls:

  • Ensure compliance with financial regulations, company policies, and accounting standards.
  • Develop and implement internal controls to safeguard company assets and ensure financial accuracy.
  • Liaise with auditors and regulatory bodies during audits and inspections.

Process Improvement:

  • Identify opportunities for process improvements and implement best practices in financial operations.
  • Automate and streamline financial processes to enhance efficiency and accuracy.
  • Collaborate with IT to maintain and upgrade financial systems and tools.

Team Leadership:

  • Lead, mentor, and develop the finance operations team.
  • Foster a culture of continuous improvement and high performance.
  • Ensure effective communication and collaboration within the finance team and with other departments.

Qualifications and Experience

  • Bachelor’s Degrees in Accounting or Finance, or a related field.
  • Professional accounting qualification e.g., ACA, ACCA, CPA.
  • Minimum of 7 years of experience in finance operations or a related role.
  • Strong knowledge of IFRS and Nigerian financial regulations.
  • Proficiency in accounting software and ERP systems e.g., Sage 300, SAP.
  • Advanced Excel skills and ability to analyze complex financial data.
  • Excellent communication and presentation skills.
  • Strong leadership and team management abilities.
  • High attention to detail and accuracy.
  • Ability to work under pressure and meet tight deadlines.

Key Competencies:

  • Financial acumen
  • Leadership and team management
  • Strategic thinking
  • Attention to detail
  • Problem-solving skills
  • Strong communication skills
  • Ethical and integrity-driven
  • Adaptability and flexibility.

Benefits

  • Competitive salary and benefits package.
  • Opportunity to work in a fast-paced and dynamic environment.
  • Chance to contribute to the success of a leading company in the Nigerian automotive industry.