Chief Financial Officer (CFO) at Startup Sports & Gaming Company

Key Responsibilities

Financial Strategy & Oversight:

• Develop and execute the company’s financial strategy aligned with growth goals.
• Build 12-month and 36-month financial models for sportsbooks, virtuals, pools, and gamification products.
• Oversee capital planning, investor relations, and funding structures.
• Oversee financial health, budgeting, cost control, and casino/bookmaking margin integrity.

Sportsbook financial Operations:

• Monitor GGR/NGR daily, weekly, and monthly.
• Manage exposure/liability limits for ACCA, Pools, and Flash Bet markets.
• Maintain bonus balance sheets, promo budgets, and cost-of-acquisition controls.
• Structure payout buffers to ensure instant or near-instant withdrawals.

Treasury, Cashflow & Payment Systems:

• Oversee all payment channels: bank transfers, wallets, USSD, cards, agents, PSPs.
• Ensure accurate reconciliation across all PSPs and banking partners.
• Maintain liquidity thresholds to support peak-event withdrawals (e.g., EPL weekends).
• Build treasury dashboards for real-time visibility.

Regulatory, tax and Compliance:

• Ensure strict compliance with: State Lottery Boards, NLRC frameworks, Anti-money laundering (AML), KYC/identity validation, Bet settlement audit trails
• Manage tax obligations including withholding, gaming levies, and double-tax risk mitigation.

Risk Management & Internal Controls:

• Establish end-to-end financial controls for deposits, withdrawals, promo leakage, odds settlement, and fraud mitigation.
• Implement security protocols to prevent insider risk and payout manipulation.
• Build a robust fraud detection and reconciliation environment.

Performance Reporting:

• Provide weekly Board dashboards covering: Revenue & GGR trends, Cost of acquisition (CPA) across channels, Margin performance, LTV, ARPU, user cohorts, Bonus burn rate, Agent & affiliate profitability, Lead quarterly and annual financial reporting.

Success Metrics (KPIs)

• Accuracy of financial reporting | Daily cashflow stability & liquidity buffer maintenance | Withdrawal turnaround time | GGR/NGR health & margin integrity | Bonus leakage optimization | Reconciliation accuracy across all channels | Fraud incidents prevented/detected | Tax and regulatory compliance | Cost-of-acquisition vs LTV ratio | Operating cost efficiency

Required Experience & Qualifications

• 10–12 years’ financial leadership experience, ideally in gaming, fintech, telco, or digital payments.
• Strong expertise in sportsbook GGR modelling, liability management, and high-volume micro-transaction environments.
• Deep understanding of the Nigerian regulatory tax environment for betting companies.
• Proven track record in treasury, payment systems, reconciliations, and fraud risk management.
• Strong analytical, data-driven, and forecasting skills.

Core Competencies:

• Financial Strategy & Modelling
• Treasury & Cashflow Optimization
• Risk & Compliance Management
• Regulatory Intelligence
• Payment Systems & Reconciliations
• Fraud Detection & Controls
• High-Pressure Decision Making
• Leadership & Team Management.