Group Chief Financial Officer

  • Full-time

Company Description

Our client is a leading group focused on delivering innovative digital services across a broad range of public and private-sector consumer and business segments, with a particular focus on the consumer segment.

 

Job Description

Reports to: General Managing Director, with a ‘dotted line’ to the MDs of Subsidiaries

Job Overview

The Group CFO has responsibility for managing financial sustainability, driving financial performance, meeting financial requirements & maximising return on investment. The role will provide strategic financial advice to the Board of Directors and will play a pivotal role in formulating and implementing financial strategies to achieve the vision and financial performance strategies and measures for the Group.

 

Key Responsibilities

Strategic Functions:

  • Providing strategic recommendations to the Board of Directors, CEO/Managing Director and members of the executive management team towards achieving the Group Vision
  • Define the Group financial strategy, ensuring alliance with Group strategic objectives and ambitions/vision
  • Developing and advising on short to long-term business and financial planning
  • Establishing and developing relations with senior management, external partners, investors, brokers, financial advisors/consultants and stakeholders
  • Managing all fundraising and acquisition of capital requirements to achieve the Group vision
  • Develop innovative funding strategies in line with the Group’s business
  • Provide financial insight in order to assist in formulating and executing a business strategy for the Group
  • Proactively manage cash flows for the company and Group
  • Manage capital requirements; communicate capital requirements/implications of business decisions to CEO and BOD

    Finance Functions

  • Managing lenders, bankers, shareholders and investor relationships
  • To provide monthly and periodic reports of sources and utilization of funds for the Group with oversight function of banking mandates of all companies in the Group
  • Manage capital requirements; communicate capital requirements/implications of business decisions to CEO and BOD
  • Preparing and presenting proposals to potential lenders, venture capitalists, bankers and equity financiers
  • Identifying sources of funds and funding requirements (On-shore and Off-shore)
  • Securing a facility that meets business requirements
  • Overall reduction in the cost of funds and costs associated with doing business
  • Developing effective cash flow management strategy and executing the same
  • Managing local and foreign supplier relationships to ensure optimum value
  • Preparation and presentation of the annual budget
  • Optimization of company assets to generate revenue
  •  

    Accounts and Taxation Function

  • Managing external auditors’ and tax consultant relationships
  • Ensure that financial reports meet minimum standards set by regulatory bodies
  • Implement a uniform and standardized accounting package across the Group, including processes
  • To ensure financial reporting compliance within the timeline set by the regulatory bodies
  • To ensure accurate and precise management reporting across the Group
  • To ensure the submission of all required returns in terms of regulatory authority requirements

Qualifications

Requirements

  • Minimum of 5 years as a GCFO in a major commercial/corporate company – a public company would be preferable
  • Experience with raising investments and financing is important for this role.
  • Experience as a GCFO – a Group of companies with subsidiaries and investment companies is a plus.
  • Experience in developing and managing innovative funding instruments across a group of companies
  • Experience in managing public company financial statutory requirements
  • Strong knowledge of strategic financial management and ability to build key business partnerships
  • Familiarity with public company financial statutory requirements
  • Excellent written and oral communication skills, including superior financial and business presentation skills
  • Proven track record in developing business plans for funding and other partnerships, and digital appreciation with experience in operating various accounting packages

Additional Information

Working Conditions:

The potential candidate for this role will primarily work on-site.

Salary (Annual Net)

NGN 26m (Gross)