Vacancy for the role of a Chief Financial officer (CFO)

Vacancy for the role of a Chief Financial officer (CFO)
Company Description

Our Client one of the leading financial institutions in Nigeria is currently looking to hire Chief Financial officer (CFO)

Location:Lagos Nigeria

Job description

i.Provide effective support and participation in the preparation of winning corporate strategy and business plans for the bank
ii.Oversee and supervise the preparation of the bank’s annual budget
iii.Oversee and ensure the preparation of monthly cash budget
iv.Ensure effective budget monitoring and variance analysis
v.Supervise periodic financial performance analysis
vi.Prepare and review monthly and quarterly cash-flow projections
vii.Formulate and supervise the implementation of asset and liability management strategies
viii.Prepare and review monthly investment status reports
ix.Design and implement robust investment strategies for the bank
x.Ensure periodic review of the entire accounting and financial management systems to ensure efficient capturing and processing of financial data
xi.Supervise all staff of the finance department to ensure production of timely, accurate and complete periodic financial reports and returns
xii.Supervise the production of annual financial statements in accordance with relevant accounting standards
xiii.Ensure effective administration of staff payroll and other staff benefits
xiv.Ensure maintenance of up-to-date and correct asset register
xv.Manage the production, verification and submission of relevant financial reports and returns to regulatory authorities, such as the Central Bank of Nigeria
xvi.Supervise the preparation of the bank’s annual budget
xvii.Supervise the preparation of monthly financial report and annual accounts preparation
xviii.Manage the process of financial reporting to stakeholders
xix.Manage relationship with all the banks where the company has account
xx.Get weekly report on transfers from and to head office, and take action on issues that may emerge

i.Timeliness in preparation of Annual budgets
ii.Financial or Treasury-related exceptions or infractions identified by internal/external auditors, CBN or other regulatory bodies
iii.Internal customer satisfaction index
iv.Degree of error in reports generated
v.Incidents of complaints relating to ambiguities or absence of clear financial policies and procedures
Cost efficiency, measured by budget performance

Qualifications and Experience
oFirst degree or its equivalent, preferably in a numeric discipline e.g. Accounting, Economics, Business Administration or in a related field.
oA post-graduate degree or its equivalent in any discipline. An MBA or any other related professional qualification is required.
oRelevant professional qualifications/affiliations such as ICAN, CIBN, CFA, ACIB etc.
oA minimum of 8 years diverse experience (i.e. banking, insurance, microfinance, etc.) as well as experience in multi-functional roles within the industry.
oMinimum of 4 years senior management experience within the financial services industry.
oPrior microfinance experience is desirable,
oPrior board-level experience/ experience reporting to a board/ board committee.
oStrong communication skills.

Competency/ Skill Requirements:
oKnowledge and understanding of the Nigerian financial services market such as Microfinance sector
oGood product development and portfolio management capabilities.
oExcellent customer relationship development/management skills.
oKnowledge and understanding of commercial financial products.
oMust have the ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions.
oMust possess a high sense of responsibility, accountability, integrity and ethical standards.
oMust have strong business acumen, maturity and tact, including the ability to relate with highest levels of management of financial institutions.

Salary:N4.2m -N7.2m per annum based on and qualification and wealth of experience 
Method of Application :Interested candidates must send their CV to on or before 18/08/2017.

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