Chief Financial Officer

Our clients are in the Merchant Banking, Registrars & Data Solutions, Trustees, and Manufacturing industries and in alignment with their growth strategy, highly motivated employees are essential to our client's sustainable success. Hence, recruitment of motivated and competent talents to critical positions is key.

Chief Financial Officer

Job objective

• Responsible for planning, implementing, managing and running all finance activities of the company including business planning, budgeting, forecasting and negotiations

• Develops financial well-being of the organization by providing financial projections and accounting services; preparing growth plans; directing staff.

Duties & Responsibilities

• Monitor daily operations to ensure a free flow process, and also supervise the execution of daily tasks

• Supervision of cost and management accounting functions to ensure monthly trial balance and attendance schedules for completeness, accuracy and as a basis for other management reports.

• Act as an educator of the Bank and Group at large by providing necessary education/ enlightenment on IFRS and implementation of accounting policies

• Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion

• Develop, support and maintain all financial accounting systems and ensure that they are compliant with IFRS, the Group's accounting policy and other regulatory requirements.

• Review valuation of financial assets/ liabilities on a regular basis and proposes journals to state them in line with IFRS

• Ensure that the consolidated financial statements and reports are prepared in accordance with the International Financial Reporting Standards (IFRS), the Group accounting policies and other regulatory reporting requirements

• Provide support to the GL control unit and ensure that all GLs report numbers that are in compliance with IFRS & the Group's accounting policy and also assess the risk of the GLs that are not compliant

• Provide support to the subsidiaries' finance team and ensure that all reports prepared by them are in compliance with IFRS & the Group's accounting policy and oversee their IFRS implementation.

• Perform in-depth financial analysis of the financial reports

• Provide support to the Bank and Group on Business intelligence, technical accounting issues and guidance on the financial implications of entering complex financial transactions

• Evaluate the finance division structure and team plan for continual improvement of the efficiency and effectiveness as well as provide individuals with professional and personal growth with emphasis on opportunities (where possible)

• Carryout financial control activities, involving provision of information on actual performance compared with plan and take step to reduce and prevent further negative variance.

• Annual accounts preparation and reports to ensure compliance with Statement of Nigeria Accounting Standard and Generally Acceptable Accounting Practice

Perform impact assessment of new IFRS & regulatory policies, proposed and final, and assist in their implementation

• Perform relevant ratio computations and advice management on their implications to the financial health of the Bank & Group. Benchmark these ratios against industry players and best standards

• Ensure that effective internal controls are adhere to and ensure compliance with applicable federal, state and local regulatory laws and rules for financial and tax reporting

Key Performance Indicators

• Effectiveness and efficiency at executing assigned tasks

• Minimal error rate in the course of performing assigned tasks

• Delivery of assigned tasks at the deadlines given

Work Experience & Education Requirement

• First degree in Accounting or Finance

• Member, Institute of Chartered Accountants of Nigeria

• MBA

• Minimum of 7 years cognate experience in the role of a Finance Manager in a commercial bank

Key Competency List

Knowledge

• Minimum 12 years' experience working in banking/financial services industry

• Experience in strategic planning and execution

• Ability to set and manage priorities judiciously

• Excellent written and oral communication skills

• Excellent interpersonal skills

• Good sense of responsibility

• Ability to maintain focus

• Good judgment to make financial decisions

Skill/Competencies

• Good written and oral communication skills

• Attention to details

• Strong analytical skills

• Strong relationship building and networking skills

• Problem solving and decision-making skills

• Must be a good team player

• Must have good organizational and creative thinking skills

• Accountability

• Customer and client management skills

• The ability to manage a varied and complex workload

• Proven leadership and management skills

• Ability to control large budgets