Head of Finance at Hubmart Stores Limited

Location: Victoria Island, Lagos

Key Responsibilities
Financial Management:

• Manage all finance functions with full authority over treasury, tax, statutory and management accounting, financial control, and internal and external reporting
• Implement policies to effectively manage working capital including cash utilization, accounts receivables, accounts payables and inventory.
• Oversee the preparation and delivery of reliable, accurate and timely financial reports to the Board of Directors, senior management team, investors, and other stakeholders
• Review and analyze monthly financial results and provide recommendations
• Develop performance measures and monitoring systems that support the company’s strategic direction
• Facilitate the annual budgeting process of the entire organization by working with other departments to develop budgets for the group, facilities, and corporate departments
• Provide accurate reporting on key performance measures and monitoring systems and provide actionable recommendations
• Institute policies to ensure the accuracy, completeness, integrity, and appropriateness of financial information
• Manages relationships with relevant external bodies/contacts e.g. regulatory organizations, external auditors, banks etc.

Corporate Finance:

• Evaluate the organization’s fund raising plans and capital structure and make recommendations to senior management
• Build and update financial models for fund raising process using the unit economics of the business
• Lead strategic financing options and processes for both debt and equity financing.
• Serve as the focal point for investors relations and send regular fund statements to board through the CEO.
• Oversee the computation of key financial metrics on all facilities and projects including ROI, NPV, IRR and payback period
• Develop cash flow projections and ensure cash flow is appropriate for the organization’s operations and planned investments

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
• Report risk issues to the Audit Committee of the Board of Directors
• 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.

Finance Operations:

• Lead all operations including but not limited to Corporate Finance, Financial Control, Audit, Treasury & Finance Operations, Tax and Financial Planning & Analysis.
• Lead all relevant 3rd party relationships including investors, banking relationships, auditors etc
• Build, develop, evaluate and retain a highly-qualified team of finance professionals.
• Ensure that the organization has strong control systems with clear policy violation guidelines.

Leadership And Team Development:

• Foster a culture of transparency and accountability in the Finance department.
• Develop and maintain a plan that provides for succession and continuity in the most critical Finance positions.
• Create, implement and maintain a continuous improvement and control plan for overall business operations, while supporting the finance teams to meet business needs.

Start-Up Environment:

• Thrives in a fast-paced, start-up environment with dynamic business priorities.

Detailed Orientation and Managing Complexity:

• Extensive experience leading a complex organization and passion for getting into details to identify root cause of issues and create innovative solutions

Qualifications

• First degree in related discipline- Accounting, Finance, Economics.
• Minimum of 10 years working experience with 5 years Management Position
• Prior experience with investor relations and capital raising
• Advanced computer skills,including proficiency in MS office, ERP systems and Business intelligence software
• Must be a Chartered accountant ACCA, ICAN, CFA
• Advanced financial modelling skills
• Deep understanding of IFRS and financial reporting tools