Posted on Mon 15th Mar, 2021 - hotnigerianjobs.com --- (0 comments)
Willers Solutions Limited - Our client, a reputable Firm is recruiting suitable candidates to fill the position below:
Job Title: Chief Financial Officer
Location: Lagos
Employment Type: Full-time
Job Summary
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.
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.
Requirements
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
Atleast 15 years of accounting or finance experience
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.
Application Closing Date
30th March, 2021.
Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the "Job Title" as the subject of the email.