Chief Finance Officer at Proten

Job Objective

• Ensures the delivery of effective financial decision-making support to the business and its management, and oversee the development and execution of an effective financial strategy that will ensure optimal returns on investments for the business
• Establishes an effective framework for accurate recording, controlling and reporting on the company’s financial transactions and facilitate the judicious use of its financial resources
• Supports business growth and ensure sustainable profitability by providing sound advice on the financial implications of growth plans.

ROLES AND RESPONSIBILITIES

• Formulates, updates and implements finance strategies, policies and processes
• Provides strategic financial management and leadership support across the business, in line with the overall corporate strategy
• Engage Executive management and the appropriate Board Committees to develop short, medium, and long-term financial plans and projections for the organization
• Develops and utilizes financial models and activity-based financial analysis to provide a basis for investment decisions and business planning
• Develops and manages key relationships with relevant external bodies / contacts e.g. regulatory organizations auditors, solicitors, banks etc. to facilitate effective business operations
• Advises management on financial benefits or demerits of proposed projects, changes in financial regulations and legislations as well as changes in competition and market trends.
• Raises funds as approved by the Board to finance our client’s activities
• Provides advice to executive management and the relevant Board Committee on the financial implications of business continuity plans
• Liaise with external and internal auditors; and ensure the annual and/or periodic audits are seamlessly carried out
• Manages our client’s treasury assets to achieve optimal sourcing, application and growth of funds
• Establishes appropriate and sound standards and procedures for internal and third-party payments across the business. Empowers and supports the Finance team to drive implementation and communication across the business
• Ensures adequate controls are in place to facilitate seamless payment and efficient financial management
• Develops and implements sound accounting framework in compliance with statutory provisions
• Develops and implements a robust and reliable financial reporting system in compliance with statutory requirements
• Establishes and implements the appropriate approval levels across Group Finance for recording and effecting accruals, adjustments (e.g. write-offs etc.)
• Approves payrolls along with the Head, Human Capital to facilitate payment to staff
• Oversees the preparation and communication of timely, accurate, and useful financial and management reports for investors/lending institutions and our client’s management on a periodic and /or ad-hoc basis
• Oversees the establishment of an effective debtor management system and policy
• Drives a cost-saving culture across all areas of the business
• Develops capability of subordinates towards the achievement of their own performance target

EDUCATION AND EXPERIENCE

• Minimum of first degree in Accounting, Finance, Economics or any related
• 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
• Minimum of 8 years cognate experience, 3 of which must have been in a Senior Management position of a similar organisation, with evidence of regular engagement with the management team and financial partners