Foteino Talento, a workspace, content creation studio and HR consultancy company, is recruiting suitably qualified candidates to fill the position below:
We are recruiting to fill the position below:
Job Title: Head, Finance and Operations
Location: Lagos
Job Type: Full Time
Responsibilities
Financial Planning:
Provides leadership in the development of strategy and continuous evaluation of short- and long-term strategic financial objectives.
Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives
Develop and support organization prospects by studying economic trends and revenue opportunities; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and capital sourcing for operation expansion.
Monitor and direct the implementation of strategic business plans.
Evaluate and advise on the impact of long-range planning and the introduction of new programs and strategies.
Provide executive management with advice on the financial implications of business activities as well as advice from the financial perspective on any contracts into which the bank may enter.
Develop financial and tax strategies.
Develop performance measures that support the bank's strategic direction.
Financial Operations:
Participate in key decisions as a member of the executive management team.
Preparation of financial reports
Preparation of monthly and quarterly returns to CBN/NDIC.
Liaison and communication with regulatory bodies such as CBN, NDIC, FIRS, and LIRS
Ensure routine reconciliation of the bank’s accounts, GLs
Ensure that the finance and account functions support the business at a strategic and operational level.
Manage the accounting, investor relations, tax, and Treasury departments.
Manage any third parties to which accounting or finance functions have been outsourced.
Engage and communicate effectively with colleagues, investors, customers, suppliers, regulators, and other internal and external stakeholders.
Financial Management and Reporting:
Oversee the issuance of financial information and the completion of timely annual audited financial statements.
Report financial results to the board and provide financial and non-financial information, both historic and forward-looking, to support the board’s decision-making.
Reports financial status by developing forecasts, reporting results, analysing variances, and developing improvements.
Manage processes for financial forecasting, budgets, consolidation, and reporting to the bank.
Provide recommendations to strategically enhance financial performance and business opportunities.
Monitors financial performance by measuring and analysing results; initiating corrective actions; minimizing the impact of variances
Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with the investment community
Risk Management:
Understand and mitigate key elements of the bank's risk profile.
Fulfil stewardship responsibilities by ensuring effective compliance and internal control systems are in place in line with local GAAP and applicable laws and rules for financial and tax reporting.
Ensure that the bank complies with all legal and regulatory requirements.
Ensure that record-keeping meets the requirements of auditors and government agencies.
Report risk issues to the audit committee of the board of directors.
Maintain relations with external auditors and investigate their findings and recommendations.
Maintain appropriate insurance coverage.
Maintain confidentiality of information and ensure that information is provided on a need-to-know basis.
Funding and Cash Position:
Monitor cash balances and ensure cash flow is appropriate for the bank’s operations.
Optimize the handling of business relationships and initiate appropriate strategies to enhance cash position
Arrange for debt and equity financing.
Control and evaluate fundraising plans and capital structure.
Decide on investment strategies by considering cash and liquidity risks.
Bank Operations:
Provide oversight and supervision to the bank's day-to-day banking operation.
Ensure customer transactions are treated promptly and according to instructions.
Ensure the bank operations follow the stipulated banking and supervision framework of the CBN.
Implement necessary control and policy to safeguard the bank and prevent fraud.
Specific Skills and Requirements
Bachelor's Degree in Accounting, Business, Management, or Finance; Postgraduate degree in finance, management, business administration, or equivalent business experience;
Relevant professional certifications (e.g., ACCA, ICAN, CFA, or other recognized accounting and finance qualifications) are an added advantage.
Minimum of 7 years+ of relevant professional experience in a similar role.
Previous experience in a microfinance or fintech space is highly desirable.
Digitally savvy and understanding of digital channel operations and the fintech space.
Demonstrated strong understanding of structured finance transactions and have had vast financial modeling experience, developing complex financial models.
Technologically adept and possess exceptionally good computer skills, being highly proficient in MS Excel, MS Office, MS Outlook, and PowerPoint
A proven track record of interacting with executive management and the board of directors
Deep understanding of Microfinance Bank’s policies and procedures.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.