Velvot Nigeria Limited is a modern digital transformation firm specializing in business‑critical emerging technology solutions built on Microsoft technologies. As a platform‑neutral partner to Microsoft, Google, and Amazon, we deliver cloud consulting, IT services, cloud migration, and tailored digital solutions to our clients.
We are recruiting to fill the position below:
Job Title: Chief Financial Officer
Location: Surulere, Lagos
Employment Type: Full-time
Reports To: Group CEO / Board of Directors
Direct Reports: Financial Controller, Treasury Manager, Management Accountant, Tax & Compliance Lead, Internal Audit / Control Function
Role Summary
- The Chief Financial Officer (CFO) is responsible for the overall financial leadership, governance, capital strategy, and enterprise financial management of Velvot Nigeria Limited and its subsidiaries.
- As a core member of the executive leadership team, the CFO will provide strategic financial direction to support rapid growth, operational scalability, investor confidence, and long-term enterprise value creation as the Group prepares for institutional funding and future capital market participation.
- The CFO will lead treasury management, credit control, statutory compliance, corporate finance, investor relations, financial risk management, and strategic capital allocation while ensuring world-class governance standards across the Group.
- The role requires a commercially astute finance executive with strong experience in technology-enabled businesses, multi-entity financial management, fundraising, financial restructuring, and board-level reporting.
Key Responsibilities
Financial Strategy & Corporate Leadership:
- Develop and execute the Group’s financial strategy aligned with corporate growth objectives.
- Serve as principal financial adviser to the CEO and Board on investment decisions, expansion strategy, risk exposure, and capital structure.
- Lead enterprise-wide financial planning, forecasting, scenario modelling, and long-range financial projections.
- Drive financial discipline and profitability across all subsidiaries and business units.
- Support strategic acquisitions, partnerships, joint ventures, and expansion initiatives.
Treasury & Cash Flow Management:
- Lead Group treasury operations, liquidity planning, and working capital optimization.
- Maintain optimal cash positioning across subsidiaries and operating units.
- Oversee banking relationships, debt facilities, trade finance, and cash management structures.
- Develop capital allocation frameworks to optimize returns on investments and operational spending.
- Monitor foreign exchange exposure, funding gaps, and financial risk concentration.
Credit Control & Receivables Governance:
- Establish and enforce enterprise credit control policies and customer payment frameworks.
- Drive reduction in receivables aging and improve cash conversion cycles.
- Monitor debtor exposure, customer creditworthiness, and collection efficiency.
- Implement automated receivables monitoring and escalation procedures.
- Collaborate with commercial teams to ensure sustainable contract structures and payment terms.
Financial Reporting & Statutory Compliance:
- Ensure timely preparation of monthly management accounts and board financial reports.
- Oversee preparation and filing of statutory financial statements in compliance with IFRS and applicable regulations.
- Ensure full compliance with FIRS, LIRS, CAC, SEC, NGX, and other regulatory obligations.
- Coordinate external audits, tax audits, and regulatory reviews.
- Strengthen internal controls, governance frameworks, and financial policies across the Group.
Fund Raising & Investor Relations:
- Lead capital raising initiatives including equity financing, debt financing, private placements, and strategic investments.
- Support investor due diligence, valuation discussions, and financial negotiations.
- Build and manage relationships with investors, financial institutions, venture partners, and capital market stakeholders.
- Drive financial readiness for future institutional investment and stock exchange listing.
- Prepare investment memoranda, financial presentations, and board/investor reporting materials.
Risk Management & Corporate Governance:
- Establish enterprise financial risk management frameworks.
- Oversee financial governance, anti-fraud systems, and compliance controls.
- Ensure transparency, accountability, and audit readiness across all subsidiaries.
- Drive implementation of governance structures required for public market readiness.
- Support Board Audit and Finance Committee activities.
Technology & Financial Transformation:
- Lead financial systems modernization and ERP optimization initiatives.
- Ensure integration of finance systems with operational and commercial platforms.
- Drive financial analytics, business intelligence, and automation initiatives.
- Improve visibility into profitability, cost drivers, and operational efficiency metrics.
Qualifications & Experience
- Bachelor’s Degree in Accounting, Finance, Economics, or related discipline.
- MBA or Master’s Degree in Finance, Accounting, or Business Administration preferred.
- ACA, ACCA, CFA, or equivalent professional qualification is mandatory.
- 12–15 years progressive financial leadership experience, with at least 5 years at executive/senior leadership level.
- Experience in technology, enterprise solutions, telecommunications, systems integration, or multi-entity corporate environments is highly preferred.
- Strong experience in fundraising, investor engagement, treasury, and corporate finance.
- Knowledge of IFRS, Nigerian tax laws, SEC / NGX governance expectations, and enterprise risk management.
Core Competencies:
- Strategic Financial Leadership
- Corporate Finance & Fund Raising
- Treasury & Liquidity Management
- Investor Relations
- Credit & Risk Management
- Financial Modelling & Forecasting
- Governance & Regulatory Compliance
- Executive Communication & Board Reporting
- ERP & Financial Systems
- Data-Driven Decision Making.
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