Chief Financial Officer at a Commercial Bank - Michael Stevens Consulting Limited

Michael Stevens Consulting Limited - Our client in the commercial banking sector is recruiting to fill the position below:

Job Title: Chief Financial Officer

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

Job Summary

• We seek to hire a well experienced Chief Financial Officer that will be able to head the team, Drive maximum output and operations in the financial department and direct all financial strategy and planning.
• Oversee all accounting functions and their accounting practices, budget preparation, financial reporting, tax and audit functions.
• Champion cost containment/reduction initiatives and support decision making in his strategic business area.
• Work with the Managing Director/CEO on the development and implementation of the strategic vision including fostering and cultivating stakeholder relationships.

Responsibilities

• Participate in developing new business, specifically: assist the MD in identifying new funding opportunities and drafting prospective programmatic budgets.
• Assist the MD on all strategic matters as they relate to budget development and management, cost benefit analysis and forecasting needs.
• Ensure smooth functioning of the Financial Control function.
• Provide management with an operating budget whilst ensuring compliance to statutory and legal requirements and monitoring compliance.
• Oversee the management and coordination of all fiscal reporting activities for the
• organization including: organizational operating income /expense and balance sheet reports; reports to the board and the regulator.
• Develop and maintain systems of internal controls to safeguard the financial assets of the
• bank.
• Oversee the coordination and activities of independent auditors as well as attending Board and Subcommittee meetings;
• Enabling for profitable growth and shareholder value creation in a challenging business
• environment.
• Cost management for the centralized operating expenses areas.
• Manage the administration of the bank’s recurrent and capital expenditure budgets.
• Drive budget achievement in each strategic business area.
• Conduct Monthly Performance Review sessions.
• Act as warrior against waste.
• Oversee the development and distribution of the annual budget for each business area and ensure that it is strictly adhered to.

KPI:

• Budget achievement
• Adequacy of content of MIS report to effectively aid decision making
• Accuracy and integrity of MIS reports
• Zero regulatory infraction
• Cost/income ratio
• Timeliness of reporting to the corporate center

Requirements

• Business graduate from an accredited university with a finance or accounting major
• Professional qualification in ACA/ACCA/CFA
• MBA in Finance would be an added advantage
• Minimum of 10 years post qualification experience in Finance and Performance
• Management role within the Financial Services Industry, of which at least 5 years must
• Must have been at a senior management level.

Application Closing Date
30th August, 2024.