Chief Financial Officer (CFO) at a Licensed and Forward-thinking Financial Institution - Updeal Resources

Updeal Resources - Our Client is a licensed and forward-thinking financial institution committed to empowering individuals, microenterprises, and SMEs through accessible and innovative financial solutions. Established with a vision to drive financial inclusion across underserved communities, the bank provides a wide range of customer-focused products and services including microloans, savings, and digital banking options tailored to meet the needs of Nigeria’s informal and formal sectors.

They are recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO)

Location: Lagos

Summary

• The Chief Financial Officer (CFO) serves as a key strategic partner to the Managing Director and the Board of Directors, providing leadership and direction for all financial aspects of the bank.
• The role is responsible for driving financial performance, ensuring robust financial controls, supporting business growth, and sustaining long-term organizational stability.

Core Responsibilities

• Provide strategic financial leadership and contribute to the Bank’s overall business strategy, growth objectives, and long-term sustainability.
• Partner with the Managing Director and executive management to identify growth opportunities, assess financial and operational risks, and drive sustainable profitability.
• Lead the Bank’s financial planning process, including long-term forecasting, capital management, balance sheet optimization, and investment strategy.
• Oversee the preparation and presentation of accurate, timely, and compliant financial statements in accordance with IFRS, CBN guidelines, and other applicable regulatory standards.
• Ensure robust internal controls, accounting policies, financial governance frameworks, and compliance procedures are established and consistently maintained.
• Direct the annual budgeting, forecasting, and performance management processes, including variance analysis, cost optimization, and management reporting.
• Present periodic financial performance reports, strategic recommendations, and risk insights to the MD, Board, and relevant Board Committees.
• Oversee treasury operations, cash flow management, liquidity planning, and working capital optimization to ensure adequate funding and operational efficiency.
• Monitor and manage key financial risks, including credit risk exposure, liquidity risk, market risk, foreign exchange exposure, and capital adequacy requirements.
• Ensure timely rendition of statutory and regulatory returns to Central Bank of Nigeria, Federal Inland Revenue Service, and other relevant authorities.
• Supervise loan portfolio financial reporting, provisioning, impairment assessment, and compliance with prudential guidelines.
• Maintain effective relationships with banks, auditors, tax consultants, regulators, investors, and other key external stakeholders.
• Lead internal and external audit engagements, ensuring transparency, accountability, and prompt implementation of audit recommendations.
• Drive a culture of financial discipline, integrity, and ethical conduct across the Bank.
• Lead, mentor, and develop the Finance team to deliver high performance and continuous professional growth.
• Foster cross-functional collaboration to align financial objectives with business operations, customer growth, and risk management priorities.

Qualifications & Competencies

• Bachelor’s Degree in Accounting, Finance, Economics, or a related discipline; MBA is an added advantage.
• Professional certification such as ACA, ACCA, CFA or equivalent is required.
• Minimum of 10 years’ progressive finance and accounting experience, including at least 5 years in a CFO or senior finance leadership role.
• Strong business acumen, strategic thinking, and data-driven decision-making capability.
• Excellent leadership, communication, negotiation, and stakeholder management skills.
• High level of integrity, professionalism, and attention to detail.
• Proficiency in financial systems, ERP platforms, and advanced Microsoft Excel.
• Ability to manage multiple priorities effectively within a dynamic business environment.

Application Closing Date
30th April, 2026.

How to Apply
Interested and qualified candidates should:
Click here to apply online