Lead, Financial Controls at Rosabon Financial Services

Summary of Responsibilities

• The Lead, financial Controls plays a critical leadership role in ensuring the financial stability and operational excellence of the organization.
• This position oversees all aspects of financial management, including accurate reporting, compliance with IFRS, robust internal controls, and effective resource allocation.
• By driving efficiency, accuracy, and strategic insights, the Financial Controller supports Rosabon’s growth and long-term objectives.
• This role is integral to Rosabon Financial Service’s commitment to operational excellence and strategic growth. The Financial Controller will be a trusted advisor and leader, ensuring the company’s financial practices remain robust, compliant, and forward-thinking.

Financial Reporting:

• Lead the preparation and submission of accurate monthly, quarterly, and annual financial statements in compliance with IFRS and regulatory guidelines.
• Analyze financial data to identify trends, variances, and opportunities for cost optimization, revenue growth and profitability.
• Collaborate with external auditors to ensure smooth preparation of audited financial reports and address audit queries.
• Provide actionable insights and recommendations to HOD, Accounts to drive strategic initiatives.
• Ensure timely and accurate reporting to internal and external stakeholders.
• Standardize reporting templates to streamline processes and maintain consistency.

Internal Controls and Compliance:

• Develop and implement robust internal control systems to safeguard financial integrity.
• Ensure compliance with financial regulations, including CBN guidelines, and corporate governance requirements.
• Conduct periodic reviews and updates of financial policies to align with evolving regulations.
• Train team members on regulatory requirements and best practices in reporting.

Budgeting and Forecasting:

• Provide accurate financial results to aid in the preparation and monitoring of Rosabon’s annual budget.
• Analyze budget performance, highlighting reasons for variances and providing actionable solutions.
• Develop comprehensive financial models to guide decision-making and resource allocation.
• Model financial impacts of potential business scenarios to inform strategic planning.

Cash Flow Management:

• Monitor and manage, alongside the treasurer, the company’s daily cash flow to ensure liquidity for operational and strategic needs.
• Develop and implement strategies to optimize working capital.
• Collaborate with treasury and banking partners to manage funding requirements effectively.
• Provide periodic updates to management on cash flow health, including projections and discrepancies.

Team Leadership and Development:

• Lead, guide and mentor as a unit team leader, fostering a high-performance culture.
• Set clear objectives for team members and evaluate performance through regular reviews.
• Provide ongoing training to enhance technical skills and ensure team alignment with departmental goals.
• Promote a culture of accountability, innovation, and continuous learning within the department.
• Build and implement knowledge sharing sessions / succession plans to ensure leadership continuity within the team.

Process Improvement and Technology:

• Evaluate existing financial processes and implement enhancements for greater efficiency and accuracy.
• Advocate for and oversee the adoption of advanced financial systems and digital tools.
• Collaborate with IT to ensure smooth implementation of system upgrades and resolve technical challenges.
• Document and standardize financial processes to streamline operations and ensure knowledge retention.
• Stay abreast of technological advancements in financial management to drive innovation and maintain competitive advantage.

Qualifications and Requirements

• Education: Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree is an advantage).
• Certifications: ACA, ACCA is mandatory.
• Experience: A minimum of 6 years in financial management, with at least 4 years in a leadership capacity.
• Skills:
  • Strong knowledge of IFRS, regulatory compliance, and internal controls.
  • Proficiency in Microsoft Office packages, ERP platforms, and reporting tools.
  • Excellent analytical, problem-solving, and decision-making abilities.
  • Effective leadership and team management skills.
  • Ability to multitask, prioritize, delegate and perform under pressure.