Chief Financial Officer At TeamAce Limited

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TeamAce Limited - Our client, a start-up in the Regulatory / Legislation space is recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Lagos
Employment Type: Full-time

Responsibilities

• To act as Chief Financial Officer and strategic business partner to Group senior executive leadership team.
• To assess and evaluate the financial performance of the organization with regard to long-term operational goals, budgets, and forecasts.
• Provide insight and recommendations to both the short-term and long-term growth plan 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 Board of Directors, CEO, COO, ED (Finance), and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company  s plan for growth and expansion.
• Involve in the process to recruit, interview, and hire finance, accounting, and payroll staff as required.
• Serve as a key member of the executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Interact with and bring the department into line with the Board of Directors   plans, initiatives, and recommendations.
• Implement policies, procedures, and processes as deemed appropriate by the senior leadership team.
• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division/unit, and weekly cash flow by division/unit.
• Review and analyze monthly financial results and provide recommendations.  Develop metrics for reviewing and interpreting financial performance such as financial ratios, KPI, KRI, KGI, etc.
• Identify, develop and execute analysis of business initiatives, product launches, and/or new service offerings.
• Develop and maintain a monthly operating budget and annual company operating budget.
• Manage financial planning and analysis department.
• Supervise the creation of reports, software implementation, and tools for budgeting and forecasting.
• 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 company  s board of directors.
• Oversee the preparation and communication of weekly, monthly, quarterly 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.
• 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
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals
• Manage 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.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization  s plans and operating budgets.
• Engage with the board of directors to develop short-term and long-term plans, projections, and budgets.
• Represent the company in 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.
• Mentor and develop a team, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
• Oversee weekly cash management, approve low/large payables.
• Supervise Accounts Receivable management and provide guidance relating to the collection process.

Job Requirements / Specifications

• Bachelor's Degree in Accounting or Finance.
• Must be a Chartered Accountant.
• MBA from top business school preferred.
• Strong background in accounting.
• Possession of CFE, CISA, CFAN professional certifications as an added advantage.  8+ years total accounting or finance post qualification experience.  Outstanding knowledge and understanding of IFRS, FIRS, compliance, and regulatory reporting.
• Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.
• Hands-On  Tally ERP, SAP, experience 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.

Salary
NGN 500,000 - 650,000 Monthly.