Chief Financial Officer

PChief Financial OfficerPrimera Africa Group LimitedAccounting, Auditing & FinanceTodayLagos Full Time Banking, Finance & Insurance ConfidentialShare linkShare on WhatsApp Share on LinkedIn Share on Facebook Share on TwitterShare via SMSMin Qualification: Experience Level: Senior level Experience Length: 12 yearsJob descriptions & requirementsKoins Bank, a member of Primera Africa Group, is a fully licensed microfinance bank dedicated to providing innovative financial solutions to businesses and individuals. Our goal is to enhance financial inclusion by offering a comprehensive suite of services tailored to meet the diverse needs of our clients.The Chief Financial Officer provides strategic financial leadership and oversees all financial, regulatory, risk management, and compliance functions of the microfinance bank. The CFO ensures CBN regulatory compliance, drives digital banking financial operations, manages enterprise-wide risks, optimizes capital structure, and delivers accurate financial reporting to support informed decision-making and sustainable business growth.Job Description/Responsibilities:Strategic Financial Planning & LeadershipPartner with CEO and Board to formulate and execute the bank's financial strategy and digital transformation initiativesDevelop and implement financial strategies, business plans, and financial models aligned with microfinance industry dynamicsLead capital planning, budgeting processes, and financial forecastingDrive innovation in digital financial services while maintaining prudent financial managementRegulatory Compliance & CBN ReportingEnsure full compliance with all CBN regulations, circulars, and prudential guidelines for microfinance banksOversee timely submission of all regulatory returns (monthly, quarterly, annual prudential returns, FINSCOPE, NDIC, EFCC, FRC filings)Maintain active liaison with CBN examiners, NDIC, and other regulatory bodiesLead preparation for CBN examinations and regulatory auditsMonitor and implement regulatory updates affecting microfinance operationsFinancial Management & OperationsDirect accounting, treasury, financial planning & analysis, taxation, and financial reporting functionsOversee preparation of IFRS-compliant audited financial statementsManage liquidity position, ensuring compliance with CBN liquidity ratios and capital adequacy requirementsMonitor loan portfolio quality, provisioning, and NPL managementOptimize cost-to-income ratio and operational efficiencyOversee funds transfer pricing and profitability analysis across products and channelsFinancial Risk ManagementDevelop and implement financial risk management frameworksMonitor credit risk, market risk, and liquidity risk from a financial perspectiveParticipate in Management Committee meetings and ALCOEnsure robust financial controls and fraud prevention mechanismsMonitor exposure limits and concentration risksDigital Banking Financial OversightCollaborate with technology leadership on digital infrastructure investments and ROI analysisOversee financial controls embedded in digital platforms and payment systemsMonitor transaction processing costs and digital channel economicsDrive automation of financial processes and reporting systemsEvaluate fintech partnerships from financial viability and cost-benefit perspectivesTreasury & Funding ManagementManage funding strategy including deposits mobilization, borrowings, and capital raisesOversee treasury operations and investment of surplus funds in CBN-approved instrumentsManage relationships with DFIs, impact investors, and funding partnersEnsure compliance with CBN single obligor limits and exposure limitsManage statutory reserve requirements with CBNGovernance & Board RelationsPresent financial reports and strategic recommendations to Board of DirectorsServe on Audit, Risk Management, and Finance & Investment CommitteesCoordinate internal and external audit activities and ensure timely resolution of audit findingsDrive corporate governance best practices across finance functionMaintain relationships with external auditorsTax Planning & ComplianceDevelop tax-efficient strategies within Nigerian tax lawsEnsure timely filing and payment of all taxes (CIT, VAT, WHT, PAYE)Manage relationships with FIRS and State Internal Revenue ServicesOptimize tax position while ensuring full complianceFinance Team LeadershipBuild, develop and mentor high-performing finance teamDrive succession planning and capacity building within finance functionFoster culture of accuracy, compliance, and continuous improvementImplement training programs to enhance technical and analytical capabilitiesStakeholder ManagementRepresent the bank to investors, rating agencies, and investment communityMaintain relationships with commercial banks, DFIs, and funding partnersParticipate in industry associations and microfinance forumsManage investor relations and fundraising activitiesACADEMIC QUALIFICATIONS (Minimum)Bachelor's degree in Accounting, Finance, Economics, Banking & Finance, or related field from a recognized universityMaster's degree in Business Administration (MBA - Finance), Accounting, or Finance (highly preferred)Active membership/fellowship of Institute of Chartered Accountants of Nigeria (ICAN) - ACA/FCA, OR Association of Chartered Certified Accountants (ACCA) - ACCA/FCCARELEVANT WORK EXPERIENCE (Minimum number of years)Minimum 12-15 years of progressive financial management experienceAt least 5-7 years in senior financial leadership roles (CFO, Finance Director, Group Financial Controller, or equivalent)Proven experience in Nigerian banking, microfinance, or financial services sectorExperience managing CBN regulatory compliance and examinationsExperience with digital banking or fintech operations (advantageous)Track record in financial inclusion initiatives or development finance (preferred)