Chief Financial officer (CFO) at Seyiloked International Limited (SDIL)

Our Client one of the leading financial institutions in Nigeria is currently looking to hire Chief Financial officer (CFO)
 
Job description

• Provide effective support and participation in the preparation of winning corporate strategy and business plans for the bank
• Oversee and supervise the preparation of the bank’s annual budget
• Oversee and ensure the preparation of monthly cash budget
• Ensure effective budget monitoring and variance analysis
• Supervise periodic financial performance analysis
• Prepare and review monthly and quarterly cash-flow projections
• Formulate and supervise the implementation of asset and liability management strategies
• Prepare and review monthly investment status reports
• Design and implement robust investment strategies for the bank
• Ensure periodic review of the entire accounting and financial management systems to ensure efficient capturing and processing of financial data
• Supervise all staff of the finance department to ensure production of timely, accurate and complete periodic financial reports and returns
• Supervise the production of annual financial statements in accordance with relevant accounting standards
• Ensure effective administration of staff payroll and other staff benefits
• Ensure maintenance of up-to-date and correct asset register
• Manage the production, verification and submission of relevant financial reports and returns to regulatory authorities, such as the Central Bank of Nigeria
• Supervise the preparation of the bank’s annual budget
• Supervise the preparation of monthly financial report and annual accounts preparation
• Manage the process of financial reporting to stakeholders
• Manage relationship with all the banks where the company has account
• Get weekly report on transfers from and to head office, and take action on issues that may emerge

KEY PERFORMANCE INDICATORS

• Timeliness in preparation of Annual budgets
• Financial or Treasury-related exceptions or infractions identified by internal/external auditors, CBN or other regulatory bodies
• Internal customer satisfaction index
• Degree of error in reports generated
• Incidents of complaints relating to ambiguities or absence of clear financial policies and procedures
• Cost efficiency, measured by budget performance

Qualifications and Experience

• First degree or its equivalent, preferably in a numeric discipline e.g. Accounting, Economics, Business Administration or in a related field.
• A post-graduate degree or its equivalent in any discipline. An MBA or any other related professional qualification is required.
• Relevant professional qualifications/affiliations such as ICAN, CIBN, CFA, ACIB etc.
• A minimum of 8 years diverse experience (i.e. banking, insurance, microfinance, etc.) as well as experience in multi-functional roles within the industry.
• Minimum of 4 years senior management experience within the financial services industry.
• Prior microfinance experience is desirable,
• Prior board-level experience/ experience reporting to a board/ board committee.
• Strong communication skills.

Competency/ Skill Requirements:

• Knowledge and understanding of the Nigerian financial services market such as Microfinance sector
• Good product development and portfolio management capabilities.
• Excellent customer relationship development/management skills.
• Knowledge and understanding of commercial financial products.
• Must have the ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions.
• Must possess a high sense of responsibility, accountability, integrity and ethical standards.
• Must have strong business acumen, maturity and tact, including the ability to relate with highest levels of management of financial institutions.

Salary:N4.2m -N7.2m per annum  based on and qualification and wealth of experience

Deadline

18th August 2017