Chief Financial Officer at Hreade

Job Summary
The Group Chief Financial Officer (CFO) is primarily responsible for the financial well-being of the organization. They represent the Group’s interests in all investment and financial decisions, and in presentations and meetings related to the promotion, development, funding, delivery and evaluation of the Group’s operations within approved policy and authority limits. They provide financial projections, accounting services, and managing the financial risks of the Group. This includes financial planning and record-keeping, as well as financial reporting to the CEO and COO.
Primary Responsibilities

    Strategic

• develops and articulates a comprehensive financial and risk management strategy for the company;
• acts as chief advisor and strategist providing needed support to the group ceo and coo, employees and board with respect to the identification of financial risk, and the resolution of attendant issues;
• liaises with external financial service organizations, as may be required, to ensure the business remains adequately funded in terms of debt, equity and working capital requirements;
• expands the company’s outreach activities and referral networks to ensure valuable and effective financial partnerships and alliances are forged that facilitate growth and business expansion requirements over time;
• supports the formulation and execution of the vision and corporate strategic plan;
• actively involved in the development of long- and short-term business goals, objectives and targets as part of the company’s planning and budgeting process;
• studies, analyzes and reports on trends, opportunities for expansion and projection of future company growth;
• creates financial and tax strategies for the company;
• manages capital request and budgeting;
• creates and improves on performance measures that support the overall company’s strategy;
• contributing financial and accounting information, analysis, recommendations to strategic thinking and direction;
• works with business managers and teams to ensure the development and documentation of functional strategic plans which are presented to the executive management and board for approval;
• provide advisory services to the ceo and coo on investment and financing decisions;
• develops organization’s prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analysing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion;

    Operational

• leads the formulation and execution of the group’s corporate level investment and financial management/financing programs for enhancing business growth and operating efficiency;
• defines financial targets (cash flow, required return on capital) and ensures the sourcing of external debt and equity financing required to support the long-term growth and stability of the group;
• establishes and maintains an effective financial management framework covering treasury, tax planning, financial control and management information systems (mis) processes and which support the group’s mission and business objectives and enable the effortless production of relevant periodic reports;
• develops and implements effective finance and accounting systems, processes, procedures and policies which provide effective controls in the deployment and utilization of capital and assets;
• manages the budgetary process to ensure all budgets adequately reflect periodic resource requirements and revenue estimates for the business; co-ordinates the periodic financial performance monitoring and reporting activities of the group;
• approves all finance & accounting transactions and ensures processes/procedures are effective and comply with regulatory and statutory requirements; monitors the group’s financial books/position and signs off on any adjustments to ensure effective controls;
• supervises the preparation and dispatch of periodic statutory returns to regulatory authorities as required;
• effectively manages the group’s asset, debt, cost and profitability position and establishes an appropriate framework for the prompt rendition of returns to investors, and for repayments of debt (monitors/manages facilities with financial institutions);

    Financial reporting

• ensures compliance with ifrs, gaap and other applicable federal, state and local regulatory laws and rules for financial and tax reporting;
• implement continuous financial monitoring and control systems to monitor the financial performance of all the businesses with regards to adherence to the budget, the expenditures, the income, the cost of operations etc;
• ensure that the group has the proper operational controls, administrative and reporting procedures to meet operational and financial targets;

    Treasury
identify and report what areas of the group are most efficient and how the group can capitalize on this information;
monitors cash balances and cash forecasts, arranges for debt and equity financing, invests funds and maintains the group’s loan portfolio;
    Financing

• where appropriate, represents the group/subsidiary to the external financing community through effective communications, participation in project financing workshops and other events;
• develops and utilizes financial models and activity-based financial analysis to provide a basis for investment decisions and business planning;
• supervises investment and raising of funds for businesses;

    communication
communicates directly, and on behalf of the ceo, with board members, executives and senior management, staff members, strategic partners, external parties and others as directed;
    management

• manage the performance of all staff in the finance and accounting function. develops capability of subordinates towards the achievement of their own performance target.
•     Any other duties that may be assigned.

Education Requirements

• minimum of first degree in accounting, finance, economics or any related field;
• relevant professional certifications e.g. chartered financial analyst, institute of chartered accountants of nigeria (ican), association of certified and chartered accountants (acca) or its equivalent is required;
• mba or a masters’ in related discipline is an added advantage

Technical Requirements

Knowledge Requirements

• evidence of strong industry/sector participation
• experience in supply chain management
• good understanding of retail value chains
• knowledge of corporate governance

Skills Required

• strategic perspective (strategy development and execution)
• leadership
• problem-solving and analytical thinking
• communication (written, verbal, presentation)
• attention to detail
• people management
• relationship management
• corporate finance
• treasury management
• financial modelling/analysis
• accounting operations
• financial performance reporting
• tax planning/ management
• cost analysis/management
• management accounting
• financial strategy
• budgeting/financial planning
• risk management

Other Requirements

Work Experience
minimum of 10 years cognate experience, 5 of which must have been in a senior management position of a similar organisation, with evidence of regular engagement with the executive team and financial partners