Head of Finance at Alaro City Development FZC

Alaro City Development FZC is an integrated, mixed-use city planned for over 2,000 hectares in the North West Quadrant of the Lekki Free Zone. Alaro City’s vision goes beyond alleviating what is a self-evident problem - that of stifling urban congestion and a dearth of quality housing and commercial property in Lagos and Africa as a whole.

Rather, we aim to help create the infrastructure - the living and working spaces, communities, schools, and hospitals - that will help sustain and accelerate Nigeria’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development. The people in our team are multi-skilled and experts in their respective fields. They possess a unique drive, underpinned by the desire to help improve Africa’s urban development.

We are recruiting to fill the position below:

Job Title: Head of Finance

Location: Victoria Island, Lagos
Employment Type: Full-time

Job Description

• The Head of Finance will be responsible for the planning, implementation, managing and running of all Nigeria’s financial activities.

Other responsibilities include:

• Develop and control Nigeria’s annual budget to ensure all financial targets are met and financial and statutory regulations are complied with;
• Manage the processes for financial forecasting and budgets, and oversee the preparation of all financial reporting for Nigeria;
• Coordinate and supervise annual third-party valuation of Rendeavour assets in Nigeria;
• Prepare and maintain comprehensive financial and Discounted Cash Flow (DCF) models of all Rendeavour Nigeria projects;
• Safeguard shareholder assets through appropriate internal controls and manage any financial risks;
• Maintain relations with external auditors and investigate all findings and recommendations
• Flag all potential risks raised by auditors to the Group CFO, Managing Director, Alaro and Chief Operating Officer, Nigeria and explore all mitigation;
• Prepare financial statements and oversee all audit processes through to completion;
• Oversee the preparation of the company's accounts to ensure these are presented accurately and as required;
• Prepare reports to the Group CFO and Managing Director, Nigeria to be fed into country and Group reports;
• Develop and implement an efficient tax strategy to maximize profits within the agreed tax laws of Nigeria; ensure tax efficiency and compliance with all laws and tax aspects including but not limited to transfer pricing, withholding taxes, tax planning;
• Overall control of corporate banking relationships and maintain an integrated platform of all bank accounts to ensure seamless operations at all times;
• Responsibility for managing all investor relations through seeking investors and managing key relationships.
• Control of all payment processes in line with the Corporate Governance Handbook and budgets;
• Ensure statutory accounting is done properly and audited financial statement are submitted to the relevant authorities on time;
• Monitor all procurement and land sale activities to ensure 100% compliance with CGHB;
• Maintain and develop all necessary policies and procedures to ensure sound financial management and control of the business;
• Provide results-focused leadership, direction and management for the Nigeria finance team;
• Provide strategic recommendations on all financial matters and correspondence and advise on long-term business and financial planning;
• Establish and develop relations with other members of the senior management team; and
• All other related duties and responsibilities as reasonably required and as assigned.

Requirements
Skills and experience:

• Chartered Accountant with 10 - 15 years hands-on experience
• CFA qualification will be an added advantage
• Big 4 accounting training/experience preferential
• Real Estate Investment experience preferential
• Internationally educated
• Ability to perform a complex Group consolidation
• Good understanding of IFRS
• Advanced knowledge of Microsoft Excel (complex formulae, sensitivity analysis etc.)
• Overall responsibility for management of a finance department
• Excellent communication skills required for international Group and remote correspondence with finance team of 5+
• Cash flow forecast and analysis, budgeting
• KPI analysis and commentary of performance against budget, for quarterly board packs
• Financial modelling, scenario analysis and due diligence
• Lead correspondence with Auditors
• Ability to implement new accounting and/or reporting systems and internal controls Software: Sage or similar
• Very strong analytical skills;
• Strong written and verbal communication skills, proven ability to present information clearly in a report or presentation to senior management;
• Good understanding of and ability to apply basic concepts in finance and economics;
• Excellent attention to detail;
• Mature, pragmatic and flexible approach, good commercial judgment;

Personal characteristics:

• Exceptional work ethic;
• Self-driven;
• Intelligent;
• Resilient; and
• Result-oriented.
• Rigorous and organized.
• Team player with good interpersonal skills

Application Closing Date
30th June, 2023.