Bankoto is building a global back-office platform that supports small businesses across accounting, tax, and payroll. We combine experienced financial experts with AI-powered tools to deliver scalable, high-quality financial operations and advisory services, enabling founders to focus on growth while we handle financial complexity.
We are recruiting to fill the position below:
Job Title: Fractional Chief Financial Officer
Location: Nigeria
Employment Type: Part-time / Fractional
Role Overview
- The Fractional CFO will serve as a strategic financial partner to Bankoto and its clients, providing high-impact financial leadership without full-time overhead. This role combines hands-on financial modeling and reporting with strategic advisory, investor readiness, and decision support.
- You will work closely with founders, leadership teams, and external stakeholders to drive financial clarity, optimize performance, and support growth initiatives.
Key Responsibilities
Financial Modeling & Reporting:
- Own and maintain a comprehensive financial model, updated monthly with actuals
- Produce monthly Budget vs Actuals analysis with clear insights and recommendations
- Build and maintain industry-specific KPI dashboards
Develop and manage integrated financial statements including:
- Profit & Loss
- Balance Sheet
- Cash Flow Statement
Strategic Finance & Scenario Planning:
- Conduct ad-hoc and structured scenario planning to assess the impact of business decisions
- Develop Base, Bull, and Bear case scenarios to support strategic planning
- Lead headcount and compensation planning aligned with growth and cash runway
Leadership & Advisory
- Provide ongoing strategic insights to support operational and growth decisions
Facilitate monthly financial review meetings with leadership to assess:
- Financial health
- Cash position and runway
- Key risks and opportunities
Customized Projects & Advisory Support:
Lead tailored strategy and operations projects based on business needs, including:
- Cash management and runway optimization
- Monetization and pricing strategy development
- Strategic and long-term planning
- Investor and board reporting frameworks
Investor, Board & Transaction Support:
- Prepare in-depth investor and board reporting materials
- Provide financial support for M&A activities, including analysis and scenario evaluation
Support fundraising activities including:
Requirements
- Proven experience as a CFO, Fractional CFO, or senior finance leader
- Strong financial modeling expertise with end-to-end understanding of P&L, Balance Sheet, and Cash Flow
- Experience supporting startups or growth-stage companies
- Hands-on approach with strong analytical and communication skills
- Ability to translate financial data into actionable strategic insights
- Experience with fundraising, investor relations, and board-level reporting
Engagement Details:
- Part-time, flexible engagement
- Opportunity to shape and scale Bankoto’s CFO services offering
- Competitive compensation aligned with experience and scope.