Finance Lead at LifeBank

Location: Onipan, Lagos
Department: Finance
Reports to: Chief Executive Officer (CEO)

Job Summary

• The Finance Lead is the highest-ranking finance professional in the Company and is responsible for overseeing and controlling all financial functions of the business.
• The role provides financial leadership to the Company and ensures strong financial management, accurate reporting, effective cash flow management, financial controls, compliance, and informed decision-making.
• A key focus of the role is management accounting — providing Management and the CEO with timely, accurate, and actionable financial information to understand the Company's performance, manage costs, improve profitability, and make sound business decisions.

Key Responsibilities

• Lead and oversee all finance and accounting functions of the Company, including management accounting, financial reporting, treasury, payables, receivables, collections, budgeting, and financial controls.
• Prepare and present accurate and timely monthly management accounts, financial reports, and business performance analysis to the CEO and Management.
• Provide clear analysis of revenue, costs, margins, cash flow, profitability, variances, and overall financial performance.
• Develop and manage the Company's annual budget, forecasts, financial plans, and regular reforecasts.
• Monitor cash flow and working capital, ensuring the Company has adequate visibility of its financial position and upcoming obligations.
• Oversee accounts receivable, collections, payables, and supplier obligations to ensure effective working capital management.
• Establish and maintain strong financial controls, processes, approval systems, and financial policies across the business.
• Ensure accurate and timely bank, customer, vendor, payroll, and other financial reconciliations.
• Monitor financial performance across business units and identify areas of financial risk, inefficiency, overspending, or opportunity.
• Ensure compliance with applicable tax, statutory, regulatory, accounting, and reporting requirements.
• Lead the preparation and coordination of internal and external audits.
• Provide financial guidance and analysis for business decisions, investments, pricing, expansion, cost management, and other strategic initiatives.
• Ensure the integrity, completeness, and accuracy of the Company's financial records and systems.
• Develop financial dashboards and reports that give Management clear visibility into the Company's financial position and performance.
• Lead, manage, and develop the Finance team, ensuring clear accountability and effective execution across all finance functions.
• Work closely with the CEO and other business leaders to align financial management with the Company's operational and strategic objectives.
• Identify opportunities to improve financial efficiency, reduce costs, strengthen controls, and improve profitability.
• Perform any other reasonable duties required by the CEO.

Management Accounting Focus:

• The Finance Lead is expected to go beyond recording financial transactions and provide Management with a clear understanding of what the numbers mean for the business.

This includes:

• Monthly management accounts and financial performance reviews.
• Budget vs. actual analysis and variance reporting.
• Revenue, gross margin, and profitability analysis.
• Business unit and product-level financial analysis.
• Cash flow forecasting and working capital analysis.
• Cost analysis and cost-control recommendations.
• Financial modelling and scenario planning.
• Identification of financial risks and opportunities.
• Providing actionable recommendations to the CEO and Management.

Key Performance Indicators

• Accuracy and timeliness of monthly management accounts.
• Quality and usefulness of financial analysis provided to Management.
• Accuracy of budgets, forecasts, and cash flow projections.
• Cash flow and working capital management.
• Revenue, cost, margin, and profitability visibility.
• Effective management of receivables and payables.
• Timely completion of reconciliations and financial reporting.
• Compliance with statutory and regulatory obligations.
• Strength and effectiveness of financial controls.
• Audit readiness and timely resolution of audit findings.
• Overall effectiveness and performance of the Finance function.

Requirements

• Bachelor's Degree in Accounting, Finance, Economics, or a related field.
• Professional qualification such as ICAN, ACCA, or equivalent is strongly preferred.
• 5+ years of relevant finance and accounting experience, with significant experience leading a finance function.
• Strong experience in management accounting, financial reporting, budgeting, forecasting, and financial analysis.
• Strong understanding of treasury, accounts payable, accounts receivable, collections, payroll, taxation, and financial controls.
• Experience managing and developing a finance team.
• Strong proficiency in Excel/Google Sheets and accounting or ERP systems.
• Strong commercial and business understanding, with the ability to translate financial information into actionable business decisions.
• Excellent analytical, communication, and leadership skills.
• High level of integrity, attention to detail, and accountability.
• Ability to operate effectively in a fast-paced and evolving business environment.

Key Competencies:

• Management Accounting
• Financial Planning & Analysis
• Financial Reporting
• Cash Flow & Treasury Management
• Budgeting & Forecasting
• Financial Controls & Risk Management
• Commercial Acumen
• Strategic Thinking
• Leadership & Team Management
• Data Analysis & Decision-Making
• Integrity and Accountability.