Chief Financial Officer (CFO) at PricewaterhouseCoopers (PwC)

Reference Number: 130-PEO00716
Department: People & Change Nigeria
Job type: Permanent

Job Summary

• The CFO will play a key role in developing, monitoring and evaluating overall corporate strategy with the CEO and leaders of the business units, with emphasis on bottom lime performance working capital, and enhancing shareholder value.

Roles & Responsibilities
Financial Reporting:

• Interact closely with management of the company’s flagship distribution company in order to be well updated on daily, weekly, monthly, and quarterly financial performance
• Closely monitor the financial performance of our client’s services arm, flagging any shortfalls and highlighting opportunities for growth in revenue, new services and/or improved profitability
• Generate quality, timely reports of the financial performance of the company and its subsidiaries on at least a monthly basis, including the achievement of or failure to achieve targets for revenue growth, loss reduction, etc.
• Take lead responsibility for the company’s accounting function, including maintaining up to date accounting records, preparing and circulating to Board members the management accounts on a monthly, quarterly and annual basis, as well as working with the Board Finance Sub-Committee and External Auditors to ensure timely completion, sign-off and filing of annual audited accounts
• Take responsibility for all tax and statutory matters (e.g. income tax, PAYE, pension, group life, VAT, etc.), including the implementation of optimal tax structuring for the company and its subsidiaries

Debt Management and Fund Raising:

• Report to the CEO and stakeholders at least monthly, on the status of outstanding loans of the company and its subsidiaries
• Engage with the company’s lenders on a regular basis, exploring and seizing opportunities for advantageous loan restructuring, minimization of lender management fees, etc.
• Interact with major equipment suppliers and service providers, especially existing suppliers of the company’s flagship distribution company, for the purpose of obtaining preferred purchase terms and conditions
• Interact with global and local investors and lenders for the purpose of raising capital to fund the growth of the company and its subsidiaries

Financial Management:

• Interact closely with finance and accounting staff of the company’s subsidiaries to ensure accounting records, taxes and related statutory matters are fully up to date
• Regularly collect and analyse financial and accounting data of the company’s subsidiaries to flag any concerns about revenue shortfall, cost-overruns, leakages, etc., while also highlighting and encouraging good performance, material growth, and new opportunities to improve the underlying business
• Develop and maintain a detailed financial model for the company and its subsidiaries, including scenarios of projected performance, expected debt repayment, projected dividends, etc.
• Develop and maintain together with the finance team of the company’s flagship distribution company, detailed tariff models in appropriate format for the distribution business, as well as potential generation opportunities that may benefit the company and/or its subsidiaries and end users

Treasury Function and Foreign Exchange:

• On a day-to-day basis, in coordination with finance staff of the company’s subsidiaries, obtain a full view of the group’s liquidity position in terms of Naira and foreign currencies, fixed deposits, treasury securities, near term receivables, etc.
• Engage with commercial banks, merchant banks, bureau de change operators, etc. to identify and seize the opportunity to procure US Dollars at favourable rates

Requirements

• Minimum of a first Degree in any discipline and MBA or Masters in a related discipline.
• Minimum 10 years work experience in  Finance/Accounting with 5 years in a Senior Management role.
• Strong financial experience, especially with servicing of loans, corporate treasury management and foreign exchange.
• Accounting certification - ACCA, ICAN, etc.
• Direct experience preparing annual accounts for audit, interacting with tax authorities and other regulatory agencies.