Chief Financial Officer At HR Leverage Africa

Job Details

Job Title: Chief Financial Officer At HR Leverage Africa
Organisation: HR Leverage Africa
Location: Lagos State
Min Work Experience: 15 year(s)
Qualification: BSc / MA / M.Sc
Industry: Accounting/ Audit/ Finance
Course: Accounting

HR Leverage Africa - Our client, a recycling and commodity trading company is currently recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Lagos Ibadan Expressway

Details

  • Our client, a recycling and commodity trading company is in need of a highly motivated and proactive individual who will be accountable for the financial operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and report accurate financial results

The Ideal Candidate

  • The ideal candidate must be well experienced in all aspects of financial management, capital raising, financial planning and analysis, and risk management.
  • He/She must possess strong leadership skills and a forward-thinking mindset to support the company in the execution of strategic initiatives.
  • Should have an excellent working knowledge of SAP ERP System.
  • Should have an analytical mind with strong problem-solving skills
  • Should be able to manage a team of accountants

Duties & Responsibilities
The Chief Financial Officer will perform a wide range of responsibilities. These may include, but are not limited to:

Strategy, Planning, and Management:

  • Act as Chief Financial Officer and strategic business partner to the senior executive leadership team.
  • Assess and evaluate the financial performance of the organization about long-term operational goals, budgets, and forecasts.
  • Provide insight and recommendations to both short-term and long-term growth plans of the organization.
  • Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
  • Communicate, engage and interact with the CEO and Executive Leadership Team.
  • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
  • Select and engage consultants, auditors, and investors.
  • Recruit, interview and hire finance, accounting, and payroll staff as required.
  • Participate in pivotal decisions as they relate to strategic initiatives and operational models.
  • Implement policies, procedures, and processes as deemed appropriate by the senior leadership team.

Financial Analysis, Budgeting, and Forecasting:

  • Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
  • Review and analyze monthly financial results and provide recommendations.
  • Identify, develop and execute analysis of business initiatives, and/or new service offerings.
  • Develop and maintain the monthly operating budget and annual company operating budget.
  • Manage the financial planning and analysis department. Supervise the creation of reports, software implementation, and tools for budgeting and forecasting.
  • Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.

Accounting, General Ledger, Administration and Operations:

  • Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
  • Review and ensure the application of appropriate internal controls, compliance, and financial procedures.
  • Ensure timeliness and accuracy of financial and management reporting data for the CEO and investors.
  • Oversee the preparation and communication of weekly, monthly and annual financial statements.
  • Oversee the preparation and timely filing of all local, state and federal tax returns.
  • Ensure compliance regarding all financial functions.
  • Work with Human Resources to ensure appropriate legal compliance.
  • Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
  • Oversee preparation of monthly, quarterly and annual financial statements.
  • Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
  • Enhance and implement financial and accounting systems, processes, tools and control systems
  • Hire, develop and manage accounting directors, managers and staff
  • Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.

Financial Management:

  • Manage the cash flow planning process and ensure funds availability.
  • Oversee cash, investments, and asset management area.
  • Explore new investment opportunities and provide recommendations on potential returns and risks.
  • Maintain outstanding banking relationships and strategic alliances with vendors and business partners.

Financial Relations and Policies:

  • Engage the CEO to develop short term and long term plans, projections and budgets.
  • Represent the company to banks, financial partners, institutions, investors, public auditors, and officials.
  • Remain current on audit best practices as well as state, federal and local laws regarding company operations.

Finance and Accounting Team Management:

  • Mentor and develop the finance team, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.

Cash Management:

  • Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
  • Supervise Accounts Receivable management and provide guidance relating to the collection process

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
  • 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.
  • Lead audits/special reviews of operations and assessment of business risk and provide recommendations for strengthening existing internal controls.

Eligibility Criteria

  • Bachelor's Degree in Accounting or Finance and MBA is required
  • ACCA or ICAN Required
  • In-depth experience in the manufacturing industry is very critical
  • 6 years minimum experience as a CFO in a manufacturing company
  • At least 15 years of accounting or finance experience
  • Outstanding knowledge and understanding of GAAP, IFRS, Taxation, etc.
  • “Hands-On” ERP Systems Experience – SAP ByDesign preferred
  • Outstanding communication and presentation skills.
  • Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.
  • Excellent analytical, reasoning and problem-solving skills
  • Significant experience working with external auditors, internal controls and compliance related issues.
  • Strong systems, process, and best practices experience.
  • Well organized and self-directed.

Required Skills:

  • Financial planning and strategy
  • Managing profitability
  • Strategic planning
  • Quality management
  • Promotion of process improvement
  • Forecasting
  • Corporate finance
  • Budget development
  • Taxation, Management and Cost Accounting

 

How to Apply
Interested and qualified candidates should forward their CV to: consulting.hrla@gmail.com using the Job Title as the subject of the application.

Note: Only qualified candidates should apply.

Application Deadline:


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