Provide conceptual leadership for the strategic direction and daily operations for all conceptual financial decisions while offering leadership for strategic investment, financing and wealth maximization decision. In addition, develop the overall financial strategy and guide the operational execution of the delivery of the company’s vision, ultimately delivering sustainable growth and profitability.
Responsibilities:
Leadership and Management
- Create a dynamic and suiting organizational structure, develop and lead senior management team to deliver against key organizational goals, whilst embracing and driving through continuous financial improvement.
- Implement finance strategy, lead the finance team and manage internal external activities relating to finance.
Strategic Planning
- Determine the optimal structure that will best deliver on the financial obligations and commitments of the organisation.
- Assess and fully develop the financial systems of the organization to superior levels of service and functionality for all customers served by the finance department.
- Develop and implement financial processes that proactively and strategically establish the highest levels of benchmarks and performance for the total organisation in cooperation with the executive team.
- Develop effective financial strategies for service delivery in order to sustain current business and ensure that the organization is sustainable on the long-run.
- Implement and improve the financial rolling plan, strategic direction, business strategy and business model as approved by the board.
- Engage with the Board and the relevant departments to ensure the adoption and delivery of corporate plans and projects.
Financial Planning and Management
- Develop and implement effective financial strategies, policies, controls framework and management systems to guide and support overall business operations ensuring compliance with statutory provisions.
- Contribute in the development of strategic plans and forecasts; making recommendations as appropriate through evidence based financial modelling.
- Develop investment strategies that will ensure high returns on investment while assuring liquidity for business operations.
- Supervise the management of the organization’s treasury assets to achieve optimal sourcing, application and growth of funds as approved by management.
- Implement approved Board financial policies in line with generally accepted Financial or accounting practices, FIRS and other statutory requirements.
- Drive the preparation of company annual budgets and monitor performance against targets.
- Develop and utilize financial models to provide a basis for investment decisions, cash flow planning.
- Prepare and present periodic financial performance reports, management accounts, annual financial statements etc. to the Board and management.
- Advise Management on optimal sourcing and application of funds and implications of changes in financial regulations, legislation and government tariffs.
- Manage relationships with financial institutions, external auditors and other relevant regulatory authorities.
- Identify risks and long-term financial implications of intended organizational projects/ initiatives, and advise the Board and Management accordingly.
- Oversee and ensure the integrity of Accounts Payable, Accounts Receivable, Treasury, and Tax workflows and ensure a disaster recovery plan is in place.
- Manage the budget planning and budget management process and ensure that expenditures are consistently aligned with established budgets.
- Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational budgets.
- Oversee and ensure implementation of a sound collections policy while maintaining good rapport with all stakeholders.
Governance
- Maintain a fit for purpose Corporate Governance Framework suitable for a commercial organisation and the company’s operating licensing requirements at all times.
- Ensure that effective processes exist to control costs, budgets and capital expenditure.
- Maintain and improve the systems, vision and facility to identify all principal risks and uncertainties relevant to the business, and the development of appropriate financial risk management strategies.
People management
- Build and lead an effective and cohesive finance team.
- Self-development and continuing personal development.
- Manage the performance of managers and team members within the department through the formal performance management system.
