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Group Chief Finance Officer

Adexen

Lagos, Nigeria

Job description

Job Introduction

    Adexen was mandated by an international conglomerate to recruit a Group CFO for its operations in Nigeria. The position is based in Lagos.

Responsibilities

    • This role provides the leadership and expertise to the group on finance function and supports the achievement of vision for the group.
    • The role is responsible for financial strategy and strengthens group companies finances to deliver their business vision.
    • The role is expected to manage financial health of the companies and help them create value for the stakeholders.
    • The key objective is to build net-worth and value in each group company
    • Develops the financial strategy which will meet the vision and net-worth and health goals set by the board of directors.  
    • Define the “extent of problem”, possible alternatives to resolve them with advantages and disadvantages of the alternatives. Drives the “buy-in” of the Board for the appropriate option.
    • Draws the roadmap for execution of the selected option with key milestones and timelines.
    • Creates a Dashboard to update the progress on the plan against the targets.
    • Builds relationships with banks at decision making level to position the group as a key customer.
    • Drives the fulfillment of funds requirement of all group companies for their operations and growth (investment) requirements.
    • Ensures the cost of funds is optimized.
    • Create strategy and processes to ensure right mix of local and foreign currency funds to get lower cost of finance and minimize currency risks.
    • Explore funds from the Central Bank of Nigeria (CBN), wherever possible. 
    • Identify, explore, and avail alternate sources of funds like international institutions, PE, and DFIs and think and create innovative instruments for funding.
    • Understands and develops plan to manage the applicable Taxation framework for the group, and all group companies.
    • Works with Tax advisors to implement the agreed taxation compliance road map.
    • Builds relationships with relevant government authorities at the decision-making levels.
    • Actively works and innovates on minimizing the tax liabilities for the group companies and the group.
    • Supervises the Group Financial Controller (GFC) to builds fiscal discipline, financial accounting, control, and reporting across all the group companies.
    • Supervises the group budgetary process.
    • Drives the team to create standardized and automated processes to efficiently report financials.
    • Manages cash flows, drives operational efficiencies, and reduce working capital requirements in group companies.
    • Manages external and internal audits to ensure compliance to statutory and group standards.
    • Drives the automation and system utilization to reduce manual work in the finance and accounts teams across the group.

Desired Skills and Experience

    • Bachelor's degree in Accouting & Finance from a recognised university
    • MBA is a plus
    • Minimum 10 years experience of leading and managing the finance department of large-to-mid sized group/ organization.
    • Deep and wide finance function knowledge of at least 3-4 areas. (Corporate/ Investment finance, commercial, Banking & Treasury, Accounting & Internal Control, Taxation, Governance & risk)
    • Experience of working in Nigeria, Network and existing relationship with Banks, and Government Authorities
    • Experience of managing B/S and P/L.
    • Experience of structuring B/S.
    • Experience of managing stakeholders.
    • Mature, high EQ, pragmatic, flexible approach, and strong commercial judgment.
    • Structured approach, problem solving ability and analytical skills. 
    • Excellent communication skills
    • Team management & interpersonal skills.
    • Positive, strong work ethics, and ability to prioritize
We thank all applicants however only those selected will be contacted.

Industry

Industry & Manufacturing

Job Seniority

Director

Job Category

Accounting and Finance

Employment Type

Full time

Experience

10 - 15 years

Skills

Compliance, Tax, Auditing, Banking, Corporate Finance, Forecasting, Financial Analysis, Financial Reporting, Leadership, Finance, Team Management, Shared Services, Governance

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