Chief Financial Officer (CFO) at a Leading and Foremost Switching Company - Ascenix Consulting Limited

Ascenix Consulting Limited - Our client, a leading and foremost switching company in Nigeria licensed by the CBN and renowned for delivering seamless, secure and scal-able electronic payments and digital commerce solutions is recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO)

Location: Lagos
Employment Type: Full-time
Department: Fintech

Job Description

• The Chief Financial Officer (CFO) is responsible for the company’s financial strategy, stewardship, regulatory financial compliance, and value creation.
• The role ensures financial resilience, regulatory credibility, and disciplined growth in a high-volume, mission-critical payments environment.

Responsibilities
Financial Strategy & Leadership:

• Develop and execute financial strategy aligned with corporate objectives and CBN requirements.
• Advise the CEO and Board on pricing, investments, capital allocation, and growth initiatives.
• Lead long-term financial planning and annual operating plans.

Financial Management & Reporting:

• Oversee budgeting, forecasting, management accounts, and statutory reporting.
• Ensure timely and accurate monthly, quarterly, and annual financial statements.
• Maintain strong financial controls and audit-ready records.

Regulatory & Statutory Compliance:

• Ensure compliance with all CBN financial reporting and prudential requirements.
• Oversee tax compliance (CIT, VAT, WHT, PAYE) and statutory filings.
• Act as primary liaison with auditors, regulators, and tax authorities.

Treasury, Liquidity & Settlement Oversight:

• Manage cash flow, liquidity, and funding requirements.
• Oversee settlement accounts, float management, and reconciliations.
• Ensure timely settlement to ecosystem participants.

Risk Management & Internal Controls:

• Implement strong financial risk management and internal control frameworks.
• Monitor fraud losses, revenue leakage, and chargeback exposure.
• Ensure timely closure of audit findings.

Commercial Finance & Unit Economics:

• Support pricing models, contract reviews, and negotiations.
• Track profitability by product, rail, and customer segment.
• Drive cost optimization and efficiency.

People & Governance:

• Lead and develop the Finance team.
• Support Board governance through Audit & Risk Committee engagement.
• Promote ethical conduct and financial discipline.

Key Performance Indicators (KPIs)
Financial Performance:

• Revenue growth in line with Board targets
• EBITDA / Net profit targets achieved
• Cost-to-income ratio improvement.

Financial Reporting & Controls:

• Monthly close within agreed timelines
• Zero material audit adjustments
• Timely closure of audit findings.

Regulatory & Compliance:

• 100% on-time regulatory and tax filings
• Zero material regulatory breaches.

Treasury & Settlement:

• Liquidity adequacy maintained
• ≥99% settlements completed within SLA
• Reconciliation breaks resolved within agreed timelines.

People & Governance:

• Finance team performance and retention targets met
• 100% compliance and ethics training completion.

Required Qualifications and Experience

• Bachelor’s or Master’s Degree in Finance, Accounting, Economics or related fields.
• 10+ years in technology leadership roles, with at least 5 years in payment processing, payment gateways, or financial technology.
• At least 5 – 8+ years in senior financial leadership within payment processing, payment gateways or financial technology.
• Expertise: Strong knowledge of CBN regulations and Nigeria’s payments ecosystem.
• Certifications (Preferred): ICAN, ACCA, CPA, CFA.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: info@cascenixconsulting.com using the Job Title as the subject of the email. e.g. Role - Switching Company [Your Full Name Application].

Note

• Only shortlisted candidates will be contacted for an interview.
• We encourage you to apply early, as applications are on a roll-ing basis.
• The full job profile is available on Ascenix Consulting's digital media platforms (Linkedin, Instagram etc) and website: https://ascenixconsulting.com/