Our client is a ucensed provider of a wide range of customized and generic insurance products and other financial services, In line with the Company’s decision to ensure key roles are filled by suitably qualified candidates who have hands-on experience with implementing leading practice financial
practices, the company is looking for an exceptional individual with proven integrity to lead its financial function.
Job Title: Chief Finance Officer
Reporting to the Managing Director/CEO, the successful candidate will be responsible for providing leadership, guidance and strategic direction in the execution of financial activities within the company.
- Oversee and drive the development of the Company’s financial strategy, work plans and
- programs, to ensure alignment with the Company’s strategy, goals and objectives.
- Coordinate proper management of capital expenditure and working capital to ensure that the Company has sufficient liquidity to meet its medium-term requirements and banking obligations.
- Drive the preparation of financial reports to Board members for presentation/discussion at quarterly Board meetings.
- Serve as technical resource for the company on issues relating to the interpretation of accounting, tax and other regUlatory matters.
- Develop and maintain strategic relationships with key industry players and requlators.
- Implement best-in-class financial reporting and management information systems.
- Ensure timely generation and remittance/filling of statutory returns and reports.
- Responsible for reinsurance and oversight of investment portfolio including real estate.
- Coordinate the development and implementation of finance and accounting policies, processes and procedures in line with leading practices.
- Oversee the development of the Company’s corporate budget, including effective allocation and utilization of financial resources in line with business objectives.
- Coordinate the identification of risks and medium to long term financial implications of intended corporate projects/initiatives and provide relevant advice to the Company’s
- executive management and the. Board to ensure maximum value is realized.
- Liaise/manage the external audit process, while ensuring that all recommendations from the
- External Auditor’s Management letters adequately addressed.
- Motivate, guide and ensure knowledge transfer and capacity building of Finance staff.
- Perform any other duties as assigned by the MD/CEO.
- Articulate, develop and implement procedures and controls to ensure that the Company’s funding requirements are proactively anticipated and met at a reasonable cost.
- Ensure the establishment and implementation of an effective internal control system within the company.
- Oversee and coordinate the day-to-day activities of the finance function, including planning and budgeting, and provide overall leadership and guidance to subordinates.
- Continuously review the finance departments activities and make recommendations for improvement in line with leading practices to the CEO.
Qualification, Skills and Experience
- First degree in accounting or related discipline.
- Advanced financial accounting knowledge, including in-depth understanding of financing best practices. international and Nigerian financial and accounting reporting standards.
- Understanding of key financial regulations e.g. Companies Income Tax Act. Value Added Tax,
- Withholding Tax, Personal Income Tax Act, Pension Reform Act etc.
- Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions.
- Must have knowledge of IFRS.
- Must have a minimum of ten (10) years relevant experience, at least three (3) of which must have been in a senior/executive management position.
- Experience in change management and ‘turn arounds’ is critical.
- Must have a robust background in private equity and investment management.
- Previous insurance experience not essential.
- Must have a high sense of responsibility, accountability, integrity and ethical standards.
- Must have strong business acumen, maturity and tact, including the ability to relate with highest levels of management of financial institutions.
How to Apply
All applications must be submitted on or before Thursday, 24 Aprll 2014 and sent by email to email@example.com with the relevant job title and code stated in the subject line of the email. Each application must include:
- A cover letter detailing the applicant’s position of interest and detailed contact information.
- Applicant’s updated curriculum vitae.
All applications will be treated in confidence. Only shortlisted candidates will be contacted.