Chief Financial Officer at Lorache Consulting Limited

Lorache Consulting Limited operates as a Business Process and Strategy, Human capital Development and Marketing Management Consultancy firm. The firm is piloted by a team of experienced professionals and exceptional management strategist who are distinguished and seasoned in their various fields of specialization.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Port Harcourt, Rivers
Employment Type: Full-time
Reporting: Board of Directors / MD
Sector: Modern Trade - FMCG

Primary Responsibilities

• Providing leadership, direction and management of the finance and accounting team
• Providing strategic recommendations to the CEO/President and members of the executive management team
• Advising on long term business and financial planning
• Identify and address financial risk of the company
• Overseeing and managing all accounts, ledgers, and reporting systems, ensuring compliance with the company’s Finance policy, IFRS and Generally Accepted Accounting Principles (GAAP), regulatory requirements, and internal control/audit requirements
• Generating accurate information and analysis from the financial and operational day-to-day transactions in line with agreed timelines.
• Ensuring regular reconciliation of supplier, intra-company and inter-company accounts.
• Developing and managing a reliable cash flow projection process and reporting mechanism that guarantees a minimum cash threshold to meet operating needs.
• Optimize the management of banking relationships and initiate appropriate strategies to enhance the company’s cash position
• Assuming full responsibility for the Supplier payment process
• Overseeing the company’s budgeting process & ensuring full implementation and monitoring of the agreed budget
• Implement accounting standards, process and disciplines to ensure reliable/accurate and timely delivery of required management information.
• Drive the company's financial planning, management, and reporting
• Perform risk management by analyzing the organization’s liabilities and investments
• Provide management with timely, complete and accurate financial information for business decision-making
• Maintain appropriate insurance coverage
• Co-ordinate and manage the budgets and forecasting process
• Conduct business performance analysis and interpretation
• Oversee the financial year end process
• Ensure that the company complies with all legal and regulatory requirements
• Manage the external audit relationship
• Optimize the business tax liabilities and ensure timely submission of tax returns.
• Implement appropriate financial controls
• Identify key risks and implement internal risk management framework.
• Manage the internal audit and risk management relationships.
• An adviser to the MD and Board of Directors on how to allocate resources to ensure stability and growth
• Invest corporate funds.
• Develop KPIs for junior colleagues and assess their performance.
• Any other responsibilities assigned by the Board.

Requirement

• Candidates should possess a Bachelor's Degree qualification.

Compensation
N25 million annually (Negotiable).

Application Closing Date
11th June, 2022.