Adexen was mandated by an international FMCG company to recruit an experienced Chief Financial Officer for their operations. The position is based in Lagos.
Responsibilities
The Chief Financial Officer (CFO) role will partner with the BU MDs to ensure their respective finance functions are standardised and enable BU operations. The CFO role will also lead and manage the Group finance function to ensure value delivery to the Group.
The CFO role is an accounting and financial management role focusing on achieving operational excellence in all corporate accounting and reporting matters for the Group. The role oversees developing financial systems, processes and controls necessary to enable the Group to deliver on its objectives.
The CFO role is responsible for the management of the financial function resulting in profitability and continuity in the short and long term for the Group.
Strategy Development: As a member of the Management Team, he will participatein preparing, planning and implementing the strategy for the Group and the business entities, consistent with the strategy of the Group, resulting in a strategic plan for the Group
Financial Control: Directs and controlstheproduction of financial plans, reports, and budgets within the corporate guidelines in order to give both Group management and BU management adequate insight into the financial situation of the Group.
Management Control: Provide the Management Team of Group with information concerning finance, investments,cash managementand other financial matters, within the corporate guidelines in order to facilitate effective management.
Financing and LocalBanking Relationship: Co-ordinates need for long-term financing in keeping with financial corporate guidelines in order to ensure sufficient funding forthelong term and manages contacts with local banks.
Risk Management: Plans, directs and controlsrisk managementincooperationwith corporate financial management in order to guarantee a balance between the (financial) risks to which the company is exposed and the cost of insurance against these risks.
Treasury and Working Capital Management: Plans and controls local treasury within the guidelines set by Corporate Finance, in order to guarantee effective short-term working capital management.
Group Finance: Provide expert adviceandsupport to BU Finance Controllers andthefinance team.
Group financial planningandanalyses, consolidation & reporting, including IFRS.
Train, coach, mentor and provide other developmental support initiatives for BU finance teams on anongoingbasisto enable themtogrow.
Group Level Treasury Service : Negotiations for facilities for the Group in terms of: Interest Rates, COTandL/C Charges + Conditions, Repayment terms and Security / Legal documentation with bankers, leveraging the Group’scombined turnover
Tax, Insurance and HMO: Group Tax management (ensure compliance, maximisetherelationship with Tax authorities, minimise Tax overcharges for each BU).
Desired Skills and Experience
Bachelor's Degreein Finance or Accounting from a recognised university
Must have aPost GraduateDegree such as MBA, M.Sc.,etc.
Professional Certification / Membership (ACCA, etc.)
Minimumof 15year’s experienceat a Senior Management level in Finance preferable in an international corporation operating in theManufacturing / FMCG sector.