At Elvaridah, we emphasize on the critical matters and prospects of organizations such as business growth, strategy, planning, marketing, structure, and people management across different industries. We help companies focus on the growth of their businesses while aligning costs with strategy. With our all-inclusive approach and expertise, we capture values across the boundaries of any organization. Elvaridah focuses on optimizing all the different parts of a business as a unit.
We are recruiting to fill the position below:
Job Title: Chief Financial Officer – Real Estate Development Company
Location: Abuja, Nigeria
Employment Type: Full-time
Department: Finance & Strategy
Reports To: Group Managing Director/Chief Executive Officer (CEO)
Job Summary
- The Chief Financial Officer (CFO) will provide strategic financial leadership and oversee all financial operations of the company, ensuring financial sustainability, profitability, and long-term growth.
- The role is responsible for financial planning, treasury management, project financing, investment analysis, financial reporting, risk management, and corporate governance across the company's real estate development portfolio.
- The ideal candidate will possess extensive experience in real estate finance, project financing, capital raising, and financial strategy, with a strong understanding of the Nigerian real estate market and regulatory landscape.
Key Responsibilities
Strategic Financial Leadership:
- Develop and implement the company's financial strategy in alignment with business objectives and growth plans.
- Serve as a strategic advisor to the CEO and Board on financial and investment matters.
- Lead long-term financial planning, budgeting, and forecasting processes.
- Drive business profitability and optimize capital allocation across projects.
Financial Planning & Analysis:
- Prepare and manage annual budgets, financial forecasts, and cash flow projections.
- Conduct financial modelling and feasibility studies for new real estate developments and investments.
- Monitor project profitability, return on investment (ROI), and internal rate of return (IRR).
- Provide financial insights and recommendations to support strategic decision-making.
Treasury and Cash Flow Management:
- Oversee the company's treasury function and manage liquidity across multiple projects.
- Develop and implement robust cash flow management strategies.
- Ensure adequate working capital to support ongoing and future developments.
- Monitor and optimize the company's capital structure and financing arrangements.
Project Finance and Capital Raising:
- Structure and secure financing for real estate development projects through banks, investors, private equity firms, and financial institutions.
- Negotiate loan facilities, project financing agreements, and investment partnerships.
- Manage relationships with lenders, investors, and financial stakeholders.
- Evaluate and execute alternative funding strategies to support business expansion.
Financial Reporting and Compliance:
- Ensure timely preparation of monthly, quarterly, and annual financial statements.
- Ensure compliance with IFRS, tax regulations, and all statutory reporting requirements.
- Present financial reports and performance updates to the Executive Management Team and Board of Directors.
- Coordinate internal and external audits and ensure the implementation of recommendations.
Risk Management and Internal Controls:
- Develop and implement robust financial controls and risk management frameworks.
- Identify and mitigate financial, operational, and investment risks.
- Manage foreign exchange exposure and interest rate risks where applicable.
- Ensure compliance with corporate governance policies and regulatory requirements.
Investment and Portfolio Management:
- Conduct investment appraisals and due diligence for acquisitions and development opportunities.
- Evaluate the financial viability of proposed projects and investments.
- Monitor project performance against approved budgets and financial targets.
- Provide recommendations on asset optimization and portfolio growth strategies.
Team Leadership and Stakeholder Management:
- Lead, mentor, and develop the finance and accounting teams.
- Foster a high-performance and accountability-driven culture within the finance function.
- Build and maintain strong relationships with investors, financial institutions, regulators, and external advisors.
- Collaborate effectively with other business units to achieve organizational objectives.
Key Performance Indicators (KPIs)
- Revenue and profitability growth.
- Project ROI and IRR achievement.
- Cash flow adequacy and liquidity management.
- Capital raising and financing success rate.
- Budget adherence and cost optimization.
- Timely and accurate financial reporting.
- Reduction in financial and operational risks.
- Compliance with statutory and regulatory requirements.
- Working capital efficiency.
- Investor and stakeholder satisfaction.
Qualifications and Requirements
Education:
- Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
- Master's degree (MBA, MSc Finance, or related field) is highly preferred.
Professional Certifications
- ACA, ACCA, CPA, or equivalent professional accounting qualification is required.
- CFA certification will be an added advantage.
Experience
- 8-15 years of progressive finance experience, with at least 7 years in a senior financial leadership role.
- Experience within the real estate, property development, construction, or infrastructure sector.
- Demonstrated experience in project financing, capital raising, investment management, and treasury operations.
- Proven experience managing large-scale real estate development projects and complex financial transactions.