Chief Financial Officer (CFO) at Ivee Consulting Limited

Ivee Consulting provides expert solutions in manpower, event management, and real estate, driven by exceptional service and long-term partnerships.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO)

Location: Lagos
Employment Type: Full-time

Job Description

• The Chief Financial Officer (CFO) will be responsible for overseeing and managing the financial actions of the bank. This includes financial planning, risk management, financial reporting, and ensuring regulatory compliance. 
• The CFO will also contribute to strategic decision-making and work closely with other executive leaders to drive the bank’s growth and profitability. 
• This is a critical leadership role in ensuring the bank’s financial health and supporting its digital transformation in the banking industry.

Responsibilities
Financial Strategy & Planning:

• Lead the development and implementation of financial strategies aligned with the bank's goals.
• Provide strategic recommendations to the CEO and executive team based on financial data and insights.
• Develop long-term financial models to support business growth and digital initiatives.

Financial Reporting & Compliance:

• Ensure accurate and timely financial reporting and compliance with regulatory requirements.
• Oversee preparation of monthly, quarterly, and annual financial reports.
• Ensure the bank adheres to accounting standards, tax regulations, and financial reporting standards.

Cash Flow & Risk Management:

• Manage the bank’s cash flow to ensure liquidity and effective working capital management.
• Identify and manage financial risks, including market risks, credit risks, and operational risks.
• Implement financial controls to mitigate risk and ensure financial stability.

Budgeting & Forecasting:

• Lead the budgeting process and provide periodic forecasts for financial performance.
• Monitor and manage financial performance against the budget, identifying areas of improvement.

Team Leadership & Development:

• Lead and mentor the finance team, ensuring professional development and strong team performance.
• Work with other departments to improve financial literacy and decision-making across the bank.

Digital Transformation & Innovation:

• Collaborate with the tech team to implement financial technologies and digital solutions.
• Evaluate and invest in innovative financial systems to enhance the bank’s efficiency and customer experience.

Key Performance Indicators (KPIs)

• Financial Performance:

  • Achievement of annual revenue and profit targets.
  • Improvement in cost efficiency, reducing unnecessary expenditures by a set percentage each year.

• Cash Flow Management:

  • Maintenance of a minimum cash flow cushion (liquidity ratio).
  • Improvement in working capital turnover ratio.

• Regulatory Compliance:

  • 100% compliance with all regulatory reporting deadlines and standards.
  • Zero instances of financial non-compliance or audit findings.

• Budget Management:

  • Accurate budget forecasting with a variance rate of no more than 5% between forecasted and actual performance.

• Risk Management:

  • Reduction in identified financial risks by implementing mitigating strategies, achieving a measurable decrease in risk exposure.

• Digital Transformation Initiatives:

  • Successful implementation of at least two digital financial tools or technologies per year.
  • Improvement in digital transaction volumes and customer satisfaction with online banking services.

• Team Development:

  • Achievement of key team development goals, including professional certifications and training for team members.
  • Employee satisfaction and retention within the finance departments.

Requirements

• Bachelor's Degree in Accounting, Finance, Economics, or a related field (Master’s degree or MBA preferred.
• Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or similar certifications are preferred.
• Minimum of 10 years of experience in financial management, with at least 5 years in a senior leadership role in a digital, fintech, or banking environment.
• Proven experience in managing a finance team, developing financial strategies, and reporting to senior executives.

Skills & Knowledge:

• Strong knowledge of financial regulations and accounting practices (IFRS, GAAP).
• Experience in financial modeling, forecasting, and budgeting.
• Ability to use financial software, tools, and digital banking technologies.
• Strong leadership, communication, and interpersonal skills.

Salary
N900,000 Monthly.

Application Closing Date
28th May, 2025,