Job Title: Chief Financial Officer
Job opening ID: 29
Location: Lagos, Nigeria
Type: Full time
Recruiter: Skill Enhancement Centre (SENCE) Limited / SENCE World
Roles and responsibilities:
The following are the roles and responsibilities for this role;
• Demonstrate ownership of and communicate the department's strategic direction and objectives to all staff in the department.
• Oversee and champion the articulation and development of the Finance strategy and ensure alignment with OneCard's corporate strategy, business goals and objectives.
• Provide overall guidance, leadership support and strategic direction in the execution of the department's functions and activities.
• Oversee and coordinate the day to day activities of the department and ensure alignment with the overall goals and objectives of the organization, regulatory and statutory requirements.
• Coordinate the development of the department's business and work plans.
• Ensure synergy and collaboration in cross functional team activities, communication within the department in order to facilitate effective and smooth running of the department.
• Serve as key adviser to the company on financial issues – interpretation of accounting and tax regulation issues.
• Coordinate the development and implementation of finance and accounting policies, processes and procedures in line with leading practices.
• Coordinate the identification of risks and long-term financial implications of intended corporate projects/ initiatives and advise Management.
• Oversee the establishment of efficient controls to mitigate identified financial risks.
• Manage risks and returns on company financial resources, constantly seeking to maximize shareholders' wealth.
• Oversee the development of OneCard's corporate budget and the allocation of financial resources.
• Coordinate the proactive monitoring and reporting of budget positions.
• Assess the development and implementation of robust cost management strategies to monitor and control costs company-wide.
• Periodically review key OneCard's finance activities and performance reports and take appropriate action to ensure the company's business objectives are achieved.
• Ensure the development, implementation and compliance to delegation of authority framework.
• Authorize expenditure/ transactions in line with the company's approved financial authority limits.
• Ensure the development and implementation of strategies to optimally manage the company's liquidity position.
• Ensure availability of adequate funding as required for the company's operations, in line with OneCard's financial policies.
• Coordinate all revenue assurance activities to mitigate revenue leakages.
• Oversee the timely, accurate generation of relevant financial information/report to aid Management's strategic decision making.
• Coordinate timely preparation of OneCard's financial statements, ensuring the statements reflect the company's financial position and comply with statutory and regulatory requirements.
• Develop and maintain strategic relationships with key banks and other financial institutions.
• Manage the interface between the company and external auditors and regulators to ensure the company's financial interest is protected.
• Establish standard cost and inventory system
• Ensure the establishment and implementation of standard procurement policies and procedures in line with leading international practices.
• Ensure the timely and cost effective procurement of materials and equipment as well as the expedition of procured materials/goods.
• Review and approve purchase orders for procurement of materials goods and services.
• Coordinate the vendor evaluation and tendering process.
• Prepare and analyze monthly expense and P&L reports.
• Analysis of company performance comparing and analyzing segment results against budget and prior years.
• Review,establish and maintain internal control standards and procedure.
• Control of company records, leases, obligations and other documents.
• Payables and receivables administration,
• Manage the human and material resources of the department to optimize performance and enhance output.
• Oversee the preparation of the department's annual budget and monitor its implementation.
• Prepare and submit periodic management reports on the activities of the department for board and management decision making.
• Continually review and assess the effectiveness and efficiency of the department's policies, procedures and processes and identify improvement opportunities.
• Champion and oversees the implementation of improvement recommendations after obtaining all necessary approvals from management or the Board.
• Support the CEO in communicating the activities and achievements of the company/department to all relevant stakeholders.
• Perform other duties as assigned by the CEO or Board of Directors
Skill set:
• First degree in Accounting or related discipline.
• Professional accounting certification, e.g. ACA, ACCA, CPA, CIMA, or other relevant higher business degree with proven analytical and qualitative accounting/ finance competencies.
• Experience in treasury funds management and loan syndication.
• Good appreciation of the telecommunication industry operations, key issues, trends and development.
• Advanced financial and accounting knowledge, including in depth understanding of international and local accounting and financial reporting standards.
• Good understanding of foreign exchange operations and regulations, and other relevant regulations – telecommunications industry, income and other tax, e.t.c.
• Strong knowledge of the local and international banking industry.
• Proven ability to interpret financial statement and apply a broad perspective in summarizing results.
• Verbal and written communication skills, presentation skills and the ability to influence others
• Ability to think strategically and holistically and to appreciate the systematic impact of various policies, issues and solutions.
• Strong business and financial acumen.
• High level of integrity and business ethics.
• High level of attention to detail.
• Excellent presentation and facilitation skills.
• Ability to multi task and function effectively under pressure.
• Strong interpersonal and communication skills.
• Political savvy, diplomacy, maturity and tact including the ability to relate with various categories of people.
• Strong relationship management & networking skills.
• Strong leadership and people management skills.
• High sense of responsibility, accountability and dependability.
• Good appreciation and working knowledge of Microsoft Office tools.
Work experience: Minimum of 15 years
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