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 Description
- The Head of Finance at the Switching company is responsible for overseeing the financial health of the company, ensuring strong financial planning, budgeting, reporting, and risk management.
- This role is key to driving financial efficiency, maintaining regulatory compliance, and supporting business growth.
- The ideal candidate should have deep experience in financial management within the payment processing, fintech, or financial services industry.
- This role requires expertise in financial planning, accounting, cash flow management, and financial controls to ensure the company’s financial sustainability and profitability.
Responsibilities
Financial Strategy & Planning:
- Develop and execute financial strategies aligned with the company’s business goals.
- Prepare financial forecasts, budgets, and financial models to support decision-making.
- Monitor financial performance and provide strategic recommendations to optimize revenue and profitability.
Financial Reporting & Compliance:
- Oversee the preparation of financial statements, management reports, and investor presentations.
- Ensure compliance with financial regulations, tax laws, and reporting standards (IFRS, NASB, FIRS).
- Coordinate with external auditors, regulators, and stakeholders to maintain financial transparency.
Cash Flow & Treasury Management:
- Manage company cash flow, ensuring adequate liquidity for business operations.
- Optimize working capital and implement efficient treasury management strategies.
- Supervise banking relationships, payment settlements, and foreign exchange operations.
Revenue & Cost Optimization:
- Analyze revenue streams and identify opportunities for financial growth.
- Implement cost control measures to enhance financial efficiency and reduce operational expenses.
- Work with business units to improve pricing strategies and financial decision-making.
Risk Management & Internal Controls:
- Develop and implement internal financial controls to prevent fraud and financial mismanagement.
- Conduct financial risk assessments and implement mitigation strategies.
- Ensure adherence to corporate governance, anti-money laundering (AML), and regulatory frameworks.
Investor & Stakeholder Relations:
- Prepare financial presentations and reports for investors, board members, and senior executives.
- Support fundraising efforts by providing financial insights to attract investors and strategic partners.
- Engage with regulators and financial institutions to ensure strong financial governance.
Team Leadership & Development:
- Build and lead a high-performing finance team, ensuring strong financial discipline.
- Provide mentorship and training to enhance financial knowledge across the organization.
- Foster a culture of financial accountability and strategic financial management.
Required Qualifications and Experience
- Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
- 7+ years in finance leadership roles, with at least 5 years in payment processing, payment gateways, or financial technology.
- At least 3 – 5+ years in senior finance leadership within payment processing, payment gateways or financial technology.
- Expertise: Strong track record in financial planning, risk management, and regulatory compliance
- Certifications (Preferred): ACCA, ICAN, CFA, or CIMA is preferred.
Key Skills and Competencies:
- Financial Strategy: Strong experience in financial planning, budgeting, and forecasting.
- Accounting & Reporting: Deep understanding of IFRS, and financial reporting standards.
- Risk Management: Expertise in financial risk assessment, internal controls, and fraud prevention.
- Cash Flow Management: Strong treasury and liquidity management skills.
- Regulatory Compliance: Familiarity with tax laws, financial regulations, and corporate governance.
- Analytical & Problem-Solving: Ability to analyze financial data and provide strategic recommendations.
- Leadership: Proven ability to manage and develop finance teams.
- Stakeholder Management: Strong communication and relationship management with investors, banks, and regulators.