Chief Financial Officer at HRLeverage Africa

Location: Lagos Ibadan Expressway

Details

• Our client, a recycling and commodity trading company is in need of a highly motivated and proactive individual who will be accountable for the financial operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and report accurate financial results

The Ideal Candidate

• The ideal candidate must be well experienced in all aspects of financial management, capital raising, financial planning and analysis, and risk management.
• He/She must possess strong leadership skills and a forward-thinking mindset to support the company in the execution of strategic initiatives.
• Should have an excellent working knowledge of SAP ERP System.
• Should have an analytical mind with strong problem-solving skills
• Should be able to manage a team of accountants

Duties & Responsibilities
The Chief Financial Officer will perform a wide range of responsibilities. These may include, but are not limited to:

Strategy, Planning, and Management:

• Act as Chief Financial Officer and strategic business partner to the senior executive leadership team.
• Assess and evaluate the financial performance of the organization about long-term operational goals, budgets, and forecasts.
• Provide insight and recommendations to both short-term and long-term growth plans of the organization.
• Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with the CEO and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
• Select and engage consultants, auditors, and investors.
• Recruit, interview and hire finance, accounting, and payroll staff as required.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Implement policies, procedures, and processes as deemed appropriate by the senior leadership team.

Financial Analysis, Budgeting, and Forecasting:

• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, and/or new service offerings.
• Develop and maintain the monthly operating budget and annual company operating budget.
• Manage the financial planning and analysis department. Supervise the creation of reports, software implementation, and tools for budgeting and forecasting.
• Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.

Accounting, General Ledger, Administration and Operations:

• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure the application of appropriate internal controls, compliance, and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for the CEO and investors.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Ensure compliance regarding all financial functions.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage accounting directors, managers and staff
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.

Financial Management:

• Manage the cash flow planning process and ensure funds availability.
• Oversee cash, investments, and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.

Financial Relations and Policies:

• Engage the CEO to develop short term and long term plans, projections and budgets.
• Represent the company to banks, financial partners, institutions, investors, public auditors, and officials.
• Remain current on audit best practices as well as state, federal and local laws regarding company operations.

Finance and Accounting Team Management:

• Mentor and develop the finance team, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.

Cash Management:

• Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
• Supervise Accounts Receivable management and provide guidance relating to the collection process

Risk Management:

• Identify and manage key business and company risks and insurance requirements
• Maintain and ensure compliance with the documented system of finance policies and procedures across the group
• Responsible for audit reviews of business units, financial and management processes and systems to ensure compliance with company policies and procedures.
• Supervise and coordinate the preparation and implementation of annual internal audit plans /programs and endure adherence to plans.
• Lead audits/special reviews of operations and assessment of business risk and provide recommendations for strengthening existing internal controls.

Eligibility Criteria

• Bachelor's Degree in Accounting or Finance and MBA is required
• ACCA or ICAN Required
• In-depth experience in the manufacturing industry is very critical
• 6 years minimum experience as a CFO in a manufacturing company
• At least 15 years of accounting or finance experience
• Outstanding knowledge and understanding of GAAP, IFRS, Taxation, etc.
• “Hands-On” ERP Systems Experience – SAP ByDesign preferred
• Outstanding communication and presentation skills.
• Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.
• Excellent analytical, reasoning and problem-solving skills
• Significant experience working with external auditors, internal controls and compliance related issues.
• Strong systems, process, and best practices experience.
• Well organized and self-directed.

Required Skills:

• Financial planning and strategy
• Managing profitability
• Strategic planning
• Quality management
• Promotion of process improvement
• Forecasting
• Corporate finance
• Budget development
• Taxation, Management and Cost Accounting