Director, Finance and Investment (DFI) at Fosad Consulting Limited

Fosad Consulting, LLC. is a professional services firm established to provide quality consulting services to desiring clients, whose primary objective is to focus their management and technical resources on their core competence.

We are recruiting to fill the position below:

Job Title: Director, Finance and Investment (DFI)

Location: Lagos
Employment Type: Full-time

Job Description

• As the Finance Director, you will be responsible for overseeing all financial aspects of the organization. Reporting directly to the Chief Executive Officer (CEO), you will play a critical role in developing financial and Investment strategies, implementing financial policies, and ensuring compliance with regulatory requirements.
• The Finance Director will lead a team of finance professionals and collaborate closely with other department heads to drive financial performance and support the company's overall objectives.

Job Summary

• Oversee all aspects of Finance and Investment in the organization.
• Develop and collate budgets for all activities of the organization.
• Liaise with all Heads of Directorates to plan realistic budget each year
• Ensure thorough and judicious fund utilization and expenditure in the organization.
• Develop Cost saving strategies for all activities and events.
• Advice on low-risk investment opportunities for the organization.

Principal Duties and Responsibilities

• Overall supervision, preparation of management accounts and financials in our organization.
• Plan budget and co-ordinate monthly financial performance measurement of the organization.
• Formulate and implement all the organization’s financial operating strategy
• Balance Sheet management and diligently scrutinize all financial policies
• Administration of corporate and personal Tax
• Management of relationship with External Auditors and Tax authorities
• Preparation of monthly management reports and Board papers to FIC and EXCO
• Ensuring total compliance with IFRS
• Supervision of payroll functions, store records and the entire finance functions
• Perform any other task as assigned by the Registrar/CEO.

Key Performance Indicators:

• 100% Financial Reporting and Analysis
• 100% Financial Standards compliances
• 100% Statutory relevant returns (ITF, NSIFT, WHT, VAT, PAYE)
• 100% Meeting Statutory deadlines
• 90% Annual Budgetary/Budgetary control/Cost control
• 90% coordination of the organization Chapters (liaising with Zones and Branches)
• 90% Treasury and Investment
• 80% Performance Report of Management Centers
• 90% Stakeholder satisfaction
• 90% Member satisfaction index
• 90% Employee satisfaction index.

Education and Work Experience

• Bachelor's Degree or its equivalent in Accounting or Finance.
• Post- graduate degree in any related field will be an added advantage.
• Member of a relevant professional body e.g. ICAN, ANAN, ACA etc.
• Minimum of 10-15 years relevant experience, with at least 3 years in a Director position and 5 years or any related field experience in a similar organization will be an added advantage.

Application Closing Date
25th April, 2024.