Alaro City Development FZC is an integrated, mixed-use city planned for over 2,000 hectares in the North West Quadrant of the Lekki Free Zone. Alaro City’s vision goes beyond alleviating what is a self-evident problem - that of stifling urban congestion and a dearth of quality housing and commercial property in Lagos and Africa as a whole.
Rather, we aim to help create the infrastructure - the living and working spaces, communities, schools, and hospitals - that will help sustain and accelerate Nigeria’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development. The people in our team are multi-skilled and experts in their respective fields. They possess a unique drive, underpinned by the desire to help improve Africa’s urban development.
Job Description
- The Head of Finance will be responsible for the planning, implementation, managing and running of all Nigeria’s financial activities.
Other responsibilities include:
- Develop and control Nigeria’s annual budget to ensure all financial targets are met and financial and statutory regulations are complied with;
- Manage the processes for financial forecasting and budgets, and oversee the preparation of all financial reporting for Nigeria;
- Coordinate and supervise annual third-party valuation of Rendeavour assets in Nigeria;
- Prepare and maintain comprehensive financial and Discounted Cash Flow (DCF) models of all Rendeavour Nigeria projects;
- Safeguard shareholder assets through appropriate internal controls and manage any financial risks;
- Maintain relations with external auditors and investigate all findings and recommendations
- Flag all potential risks raised by auditors to the Group CFO, Managing Director, Alaro and Chief Operating Officer, Nigeria and explore all mitigation;
- Prepare financial statements and oversee all audit processes through to completion;
- Oversee the preparation of the company's accounts to ensure these are presented accurately and as required;
- Prepare reports to the Group CFO and Managing Director, Nigeria to be fed into country and Group reports;
- Develop and implement an efficient tax strategy to maximize profits within the agreed tax laws of Nigeria; ensure tax efficiency and compliance with all laws and tax aspects including but not limited to transfer pricing, withholding taxes, tax planning;
- Overall control of corporate banking relationships and maintain an integrated platform of all bank accounts to ensure seamless operations at all times;
- Responsibility for managing all investor relations through seeking investors and managing key relationships.
- Control of all payment processes in line with the Corporate Governance Handbook and budgets;
- Ensure statutory accounting is done properly and audited financial statement are submitted to the relevant authorities on time;
- Monitor all procurement and land sale activities to ensure 100% compliance with CGHB;
- Maintain and develop all necessary policies and procedures to ensure sound financial management and control of the business;
- Provide results-focused leadership, direction and management for the Nigeria finance team;
- Provide strategic recommendations on all financial matters and correspondence and advise on long-term business and financial planning;
- Establish and develop relations with other members of the senior management team; and
- All other related duties and responsibilities as reasonably required and as assigned.
Requirements
Skills and experience:
- Chartered Accountant with 10 - 15 years hands-on experience
- CFA qualification will be an added advantage
- Big 4 accounting training/experience preferential
- Real Estate Investment experience preferential
- Internationally educated
- Ability to perform a complex Group consolidation
- Good understanding of IFRS
- Advanced knowledge of Microsoft Excel (complex formulae, sensitivity analysis etc.)
- Overall responsibility for management of a finance department
- Excellent communication skills required for international Group and remote correspondence with finance team of 5+
- Cash flow forecast and analysis, budgeting
- KPI analysis and commentary of performance against budget, for quarterly board packs
- Financial modelling, scenario analysis and due diligence
- Lead correspondence with Auditors
- Ability to implement new accounting and/or reporting systems and internal controls Software: Sage or similar
- Very strong analytical skills;
- Strong written and verbal communication skills, proven ability to present information clearly in a report or presentation to senior management;
- Good understanding of and ability to apply basic concepts in finance and economics;
- Excellent attention to detail;
- Mature, pragmatic and flexible approach, good commercial judgment;
Personal characteristics:
- Exceptional work ethic;
- Self-driven;
- Intelligent;
- Resilient; and
- Result-oriented.
- Rigorous and organized.
- Team player with good interpersonal skills