A leading Microfinance Bank in Nigeria is recruiting an accomplished and strategic candidate to fill the position below:
Job Title: Head, Finance (IFRS Expertise)
Location: Lagos
Employment Type: Full-time
Reporting Line: Executive Director
Grade: Senior Management Grade
Overview of Position
- We are seeking an accomplished and strategic financial leader with a minimum of 15 years of experience to join our executive team as the Head of Finance.
- The successful candidate will play a pivotal role in shaping the financial strategy of the organization and ensuring compliance with International Financial Reporting Standards (IFRS).
- As the Head of Finance, you will provide strategic financial guidance, lead financial planning and analysis, and contribute to the overall success and growth of the company.
- To be successful in this role, you should have experience crafting financial strategies and managing accounting teams.
Responsibilities
Financial Strategy:
- Develop and implement the financial strategy of the organization in alignment with business objectives.
- Provide leadership in financial decision-making and contribute to the overall strategic planning process.
- Approve or reject budgets
- Evaluate and decide on investments
IFRS Compliance:
- Possess and apply advanced knowledge of International Financial Reporting Standards (IFRS).
- Ensure the organization's financial reporting is in full compliance with IFRS guidelines.
Financial Planning and Analysis (FP&A):
- Lead the FP&A function, including budgeting, forecasting, and variance analysis.
- Provide insights and recommendations to enhance financial performance.
- Forecast monthly, quarterly and annual results
- Recommend cost-reducing solutions
Financial Reporting:
- Oversee the preparation and presentation of accurate and timely financial statements.
- Collaborate with internal and external auditors to ensure the integrity of financial reporting.
- Conduct profit and cost analyses
Risk Management:
- Identify, assess, and manage financial risks.
- Develop and implement strategies to mitigate risks and ensure the financial stability of the organization.
Cash Flow Management:
- Implement effective cash flow management strategies to optimize working capital and ensure liquidity for ongoing operations.
- Allocate resources and manage cash flows
Team Leadership:
- Lead and mentor the finance team, fostering a high-performance culture.
- Provide guidance on career development and training opportunities.
- Supervise a team of Accountants
- Ensure all accounting activities and internal audits comply with financial regulations
Stakeholder Communication:
- Communicate financial performance and forecasts to key stakeholders, including the executive team, board of directors, and external partners.
- Develop secure procedures to maintain confidential information
- Attend board meetings, managing senior stakeholders, delivering commercial insight to help increase profitability and maintain growth
- Consult board members about funding options
Tax Planning:
- Collaborate with tax professionals to develop tax-efficient strategies and ensure compliance with tax regulations.
- Liaise with regulators and Tax Bureau and take full responsibility for accurately preparing and timely submitting all relevant fillings/reports
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field. MBA or advanced certification e.g. CFA, ACCA, CPA is a plus.
- Minimum of 15 years of progressive experience in finance and accounting roles, with at least 5 years in a senior management position.
- Proven expertise in International Financial Reporting Standards (IFRS), with a track record of ensuring compliance in a complex business environment.
- In-depth understanding of cash flow management, bank reconciliation and bookkeeping.
- Hands-on experience with budgeting and risk management.
- Demonstrated ability to think strategically and contribute to the development and execution of organizational strategies.
- Strong leadership and people management skills, with the ability to inspire and lead a high-performing finance team.
- Excellent communication and presentation skills; Ability to communicate complex financial information to both financial and non-financial stakeholders.
- Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
- Proficiency in accounting software.
Application Closing Date
10th December, 2023.
How to Apply
Interested and qualified candidates should send their CV and Cover Letters to: [email protected] using the Job Title as the subject of the email.
https://www.hotnigerianjobs.com/hotjobs/576969/head-finance-at-a-leading-microfinance-bank.html