Chief Financial Officer (CFO) at a Leading Hospitality Company - Ascentech Services Limited

Ascentech Services Limited - Our client, a leading player in the Hospitality industry, is recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO)

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

Job Overview

• The ideal candidate will have a proven track record of managing all aspects of financial operations within large-scale restaurant and hotel operations, driving financial strategy, and leading a high-performing finance team.
• The CFO will play a critical role in shaping the financial future of our company, ensuring stability and growth in a dynamic environment.

Key Responsibilities
Financial Strategy and Leadership:

• Develop and implement financial strategies that support the company’s objectives and growth plans.
• Provide strategic recommendations to the CEO and executive team, with a focus on improving profitability and operational efficiency.
• Lead financial planning, budgeting, forecasting, and reporting processes tailored to the hospitality industry.

Financial Management:

• Oversee all financial operations, including accounting, treasury, tax, and investor relations, specifically within the context of restaurant and hotel management.
• Ensure the accuracy and integrity of financial statements and reports, including revenue management, cost control, and capital expenditure.
• Manage capital structure, funding strategies, and financial risk management.

Operational Efficiency:

• Optimize financial performance and efficiency across multiple restaurant and hotel properties.
• Implement and oversee financial systems and processes that cater to the unique needs of the hospitality sector.
• Drive cost management initiatives, operational improvements, and inventory control.

Risk Management and Compliance:

• Identify, assess, and manage financial risks related to the hospitality industry.
• Ensure compliance with all regulatory and legal requirements, including health and safety regulations, labor laws, and industry standards.
• Develop and maintain robust internal controls and financial policies.

Team Leadership:

• Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and professional development.
• Ensure effective communication and collaboration within the finance department and with other departments, including operations, marketing, and human resources.
• Coordinate with property managers and operational staff to support overall company goals and objectives.

Investor Relations:

• Manage relationships with investors, analysts, and other stakeholders, ensuring transparent and accurate communication.
• Prepare and present financial information to the board of directors and investors, highlighting key performance indicators and financial metrics relevant to the hospitality industry.
• Coordinate and oversee investor communications and reporting.

Qualifications

• Bachelor's Degree in Finance, Accounting, or a related field; a Master's Degree or professional certification (e.g., CPA, CFA) is preferred.
• Minimum of 10 years of progressive experience in finance or accounting, with at least 5 years in a senior financial leadership role within the hospitality industry.
• Strong knowledge of financial regulations, accounting principles, and financial reporting specific to restaurant and hotel operations.
• Proven experience in strategic planning and execution within a multi-property environment.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management abilities.
• Exceptional communication and interpersonal skills.
• Not more than 43 years of age

Application Closing Date
8th July, 2024.

How to Apply
Interested and qualified candidates should send their resume and a cover letter detailing their qualifications and experience to: cv@ascentech.com.ng using "Chief Financial Officer" as the subject of the mail.