Chief Financial Officer - Pensions Company at KPMG

Profile

• The CFO will be responsible for the administrative, financial, and risk management operations of the company, as well as the development of its financial and operational strategies.
• S/he will initiate processes to ensure ongoing development and monitoring of control systems designed to preserve the company’s assets.
• The CFO will direct the fiscal functions of the company in accordance with IFRS, FRCN, PENCOM and other regulatory and advisory agencies.

Responsibilities
Finance Strategy:

• Champion the development of the organisation’s financial strategy by providing critical financial and accounting information, analysis, and recommendations to the executive management team for strategic decision-making
• Lead the design and implementation of the structure of all financial resources and operations by forecasting capital, facilities and staff requirements; as well as identifying monetary resources and developing action plans
• Provide overall guidance, leadership support and strategic direction in the execution of the company’s finance function and activities
• Stimulate behaviors across the organization to ensure alignment with the company’s strategic and financial objectives
• Leverage financial perspective to improve risk-awareness, strategic decision-making, and performance management integration.

Budgeting & Financial Planning:

• Develop planning strategies covering financial & tax strategies, formulating strategic business plans, managing capital & budgeting process, and developing performance measures
• Prepare and coordinate the proactive monitoring and reporting of the company’s budget positions
• Ensure the approval and proper implementation of company’s budget
• Evaluate the impact of new strategies and regulatory actions on the company.

Financial Reporting & Control:

• Report financial status by developing forecasts; reporting results; analyzing variances; and developing improvements
• Monitor financial performance by measuring and analyzing results; initiating corrective actions; and minimizing the impact of variances
• Ensure company compliance with financial reporting and control requirements, and coordinate periodic financial reporting to executive management team, Board and regulatory authorities
• Analyze and interpret financial data, and recommend changes to improve systems and financial performance of the company
• Accurately evaluate and report all funds under management in line with IFRS
• Engage relevant Board Committees on issues, trends and changes in operating models and financial systems
• Dynamically balance cost and service levels in delivering on the organization’s finance responsibilities
• Develop tools and systems to provide critical financial information to the executive management team and the Board.

Liquidity & Treasury Management:

• Oversee capital management including monitoring cash balances and forecasts, group debt and equity financing, and investments
• Ensures that optimal liquidity is available to deliver business plan
• Monitor the company’s banking activities for proper running and ensure regular reconciliations of all banking transactions with the cash books
• Participate in developing new businesses and utilizing identified funding opportunities to support the business.

Regulatory & Statutory Relationships:

• Manage relationships with Regulatory and Statutory bodies, i.e. PENCOM, FIRS, States’ Internal Revenue Service etc.
• Coordinate regulatory and supervisory functions, ensuring compliance with regulatory requirements by approving and ensuring the filing of statements and reports, returns and taxes.

Required Qualifications and Experience

• Bachelor’s degree in Accounting, Finance, Accounting, Economics, Business administration or related field
• Professional Qualification (ACA, ACCA, CFA)
• Master's degree in Accounting, Finance or Business related field will be an added advantage
• Knowledge of IFRS and Nigerian tax laws
• Minimum of 10 years post qualification experience in financial sector with at least 5 years in Senior Management position
• Understanding of financial techniques and business concepts and ability to express these concepts in clear, concise instructions
• Financial Planning and Strategy
• Good negotiation and presentation skills
• Promoting Process Improvement
• Corporate Finance
• Developing Budgets and forecasting
• Good interpersonal and relationship management skills.