Chief Financial Officer (CFO) at Transkredit Finance Company

Responsibility Summary

• The Chief Finance Officer will undertake all aspects of financial management, including corporate accounting, regulatory and financial reporting, and budget and forecasts preparation.
• The finance officer’s responsibilities will also include tax management and administration, performance management and conducting of cost and revenues analyses.

Financial Reporting and Budgeting:

• Preparation of monthly, quarterly and annual management account for management and regulators.
• Issue timely and complete financial statements
• Support the preparation of the corporate annual report.
• Calculate and issue financial and operating metrics.
• Manage the production of the annual budget and forecasts.
• Calculate variances from the budget and report significant issues to management.
• Provide for a system of management cost reports.
• Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations.
• Ensure that financial reports comply with current accounting principles and financial reporting standards.
• Publish complete and timely financial statements to company executives, shareholders, and the board.
• Recommend benchmarks for the measurement of company financial performance goals.
• Responsible for the filing of quarterly and annual reports with regulatory bodies.

Management Accounting and Transaction:

• Maintain a documented system of accounting policies and procedures
• Support accounting operations of the company and its subsidiaries
• Ensure that account payables are paid in a timely manner
• Ensure that all reasonable discounts are taken on accounts payable
• Ensure that account receivables are collected promptly
• Ensure that periodic bank reconciliations are completed
• Ensure that required debt payments are made on a timely basis
• Maintain the chart of accounts and manage GL for accuracy
• Management of tax- VAT, WHT, PAYE. Liaise with the company’s tax consultant, auditor and regulators for efficient tax management
• Advise and liaise with Operations on transaction postings to ensure that the correct GL are credited or debited
• Maintain an orderly accounting filing system.

Treasury and Financial Management:

• Examine and recommend appropriate investment and portfolio management strategies for the Group through robust investment analysis and execution of approved investment proposal.
• Prepare and update investment schedule and ensure posting of appropriate accounting entries for the investments immediately upon execution.
• Maintain and improve knowledge of all financial products available that align with NFG investment policy.
• Ensure NFG’s investments are always maintained in line with the approved investment policies.
• Stay abreast of all changes and developments in the investment space, especially as it relates to impact on investment holdings.
• Foster strong relationships with banks and all relevant financial institutions
• Monitor cash balances with banks and NFG’s investment holdings across all asset classes.
• Prepare reports on investible cash, investment holdings and their ROIs.
• Develop and implement optimal cash and liquidity management strategies for the Group
• Continuously assess financial information on all asset classes, evaluate various investment opportunities.
• Present proposals on investment opportunities and maintain record of related analysis
• Ensure investment TAT
• Prepare annual investment budget
• Ensure Management/Board decisions with respect to investments are implemented quickly and efficiently
• Develop and maintain relationships with all external stakeholders (regulators etc) relevant to the investment process.
• Prepare and present periodic investment reports to Management, ALCO, and board on a timely basis.

Compliance:

• Provide regulatory reports to compliance for the rendition.
• Coordinate the provision of information to external auditors for the annual audit.
• Comply with local, state and federal government reporting requirements and tax filings.
• Ensure full compliance with all applicable CBN rules, regulations, and country laws.
• Calculation of tax remittances due to and due from the business
• Tracking and collation of tax assets of the business.

Requirements

• Candidates should possess a B.Sc Degree with 8 - 15 years relevant work experience.