Stresert Services Limited - Our client, a Turnkey Engineering Services organization; servicing mostly the Telecommunication and Oil & Gas organizations, is recruiting to fill the position below:
Job title: Chief Financial Officer
Location: Lagos
Job Summary
- The CFO reports directly to the Chief Executive Officer (CEO) and work directly with the Chief Operating Officer (COO) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.
- The job holder is responsible for the overall financial well-being of the organization by providing financial projections and accounting services; preparing growth plans; directing staff etc.
Job Responsibilities
Planning:
- Formulate the company’s future financial direction and support tactical initiatives
- Monitor and direct the implementation of strategic business plans
- Develop financial and tax strategies
- Manage the capital request and budgeting processes
- Develop performance measures that support the company’s strategic direction
Operations:
- Participate in key decisions as a member of the executive management team
- Maintain in-depth relations with all members of the management team
- Manage the accounting, human resources, investor relations, legal, tax, and supporting departments
- Oversee the financial operations of all projects
- Oversee all purchasing and payroll activity for staff and participants.
- Manage any third parties to which functions have been outsourced
- Oversee the company’s transaction processing systems
- Ensure adequate cash flow to meet the organization’s needs.
- Implement operational best practices
- Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
- Supervise acquisition due diligence and negotiate acquisitions
Financial Information:
- Oversee the issuance of financial information
- Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the Audit/Finance Committee and Board of Directors.
- Report financial results to the board of directors
Risk Management:
- Understand and mitigate key elements of the company’s risk profile
- Monitor all open legal issues involving the company
- Construct and monitor reliable control systems
- Maintain appropriate insurance coverage
- Ensure that the company complies with all financial, legal and regulatory requirements
- Ensure that record keeping meets the requirements of auditors and government agencies
- Report risk issues to the appropriate reporting line
- Maintain relations with external auditors and investigate their findings and recommendations
Funding:
- Monitor cash balances and cash forecasts
- Arrange for debt and equity financing
- Access the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.
Third Parties:
- Participate in meeting with the company’s management/board of directors
- Maintain banking relationships
- Represent the company with investment bankers and investors
- Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
- Any other task given by the line manager.
Required Skills, Knowledge, and Characteristics:
- Financial Planning and Strategy, Managing Profitability, Strategic Planning, Vision, Quality Management, Promoting Process Improvement, Forecasting, Corporate Finance, Developing Budgets, Financial Modelling Skills, Dealing with Complexity
Education & Experience
- Completion of a bachelor's degree at an accredited university.
- Completion of a master’s degree at an accredited university will be an added advantage.
- Qualified Chartered Accountant - ICAN/ ACCA
- 15 years of financial and management experience with the day-to-day financial operations of a very busy / large organization e.g. Telco, FMCG etc
Remuneration
Salary range for the role is between N 16,800,000 - N 20,500,000/ annum
Application Closing Date
31st October, 2016.
Method of Application
Interested and qualified candidates should send their cover letter and CV’s to:
[email protected] using ‘TXFO’ as subject of mail
Note: Wrongly titled applicants will not be considered, please be guided.