Chief Financial Officer (Sweat Equity) at OppApp

OppApp is a new early-stage Educational technology (EdTech) and Service Provider startup based on an ambitious & exciting, yet realistic product vision. Africa is the world's youngest continent and expanding the fastest. The number of young people working in Africa will rise to 375 million by 2030. The International Monetary Fund estimates that by 2035, there will be more young Africans joining the workforce each year than there are in the rest of the world put together due to population growth on the continent. The number of young individuals looking for work is much higher than the number of opportunities that are open to them. The skills of young people entering the workforce and the needs of companies are also out of sync.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer (Sweat Equity)

Location: Lekki Phase 1, Lagos (Remote)
Employment Type: Full-time

Job Description

• The individuals who will be hired for this position will be given a significant amount of equity given that the company is at ideation stage.
• The person is fully remote.
• The company is in its pre-seed with interest from few VCs once an MVP is made and possible grants from NEAR protocol.
• We are at a critical stage in our growth and have an urgent need for a Chief Financial Officer. Ideally, we want someone with previous startup experience who has experience in all phases of the design process.
• The Chief Financial Officer role is to focus on establishing the strategic financial direction of the company. By developing processes to monitor key performance indicators (KPIs), the CFO can help advise executive leadership in making sounds financial decisions.
• The CFO also develops and manages the overall financial services of the company to include finance, budgets, and analysis to help the strategic direction of the company.

Responsibilities

• Provide strategic leadership and direction to the Financial Services Department.
• Contribute as a member of the Executive Management Team, providing long- and short-range goal setting and strategic direction for the organization.
• Guide financial decisions and protect assets by establishing key performance indicators as well as monitoring internal controls.
• Perform risk management through analysis of company liabilities and investments and evaluate and manage capital structure and fundraising initiatives.
• Work with executive leadership to help develop budgets, and to provide access to project finance information.
• Maximize return, and limit risk on cash by managing cash flow, reviewing investments.
• Final review of budgets developed by financial team.
• Oversee the completion of the final review and analysis of the financial statements/monthly reports prepared for management staff.
• Prepare special reports by gathering, analyzing, and summarizing financial data, information, and trends.
• Maintain department strength by managing and retaining employees.
• Maintain results by coaching, counseling, and disciplining members of the financial services department, planning, monitoring, and appraising job results.
• Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
• Protect operations by keeping financial information and plans confidential.

Requirements

• MBA or Bachelor's Degree in Finance or Accounting preferred.
• 10+ years of finance or accounting leadership experience.
• Excellent people skills, with an ability to partner with a dynamic leadership team.
• Possess personal qualities of integrity, credibility, and commitment to the corporate mission.
• Flexible and able to multitask; can work within an ambiguous, fast-moving environment, while also driving toward clarity and solutions; demonstrated resourcefulness in setting priorities and guiding investment in people and systems.

Benefits
What’s in it for you:

• Meaningful early-stage shares equity
• Large token allocation
• A well thought through concept and business plan with early-stage validation
• No salary until funding can be achieved, all pending salary arrears will be prorated and paid upon funding.
• Remote Flexibility
• Tons of influence and input, you will not be a cog in a wheel here!
• Co-Founder and Director

Application Closing Date
31st January, 2023.

Method of Application
Interested and qualified candidates should send their Resume, Portfolio, and Cover Letter to: [email protected] using the Job Title as the subject of the mail.

Note

• So, if you’re a seasoned Chief Financial Officer with 5+years of experience, please apply.
• This is a startup, there is no salary until we can raise. Founder is open to team members having a main job until funding is secured.
• Again this is NOT A PAID POSITION, this is for equity in company & a large token allocation. Once we generate revenue or receive an investment then we can pay ourselves salary. All pending salary arrears will be prorated and paid upon funding.