Chief Financial Officer at a Hospitality Company - Domeo Resources International (DRI)

Domeo Resources International-  Our Client, a top player in the hospitality sector, is recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Lagos

Job Description

• The CFO will oversee the financial operations of the organization, providing strategic financial leadership to drive the organization’s financial performance and growth. This role is responsible for developing and implementing financial strategies, managing budgets, optimizing the financial structure, and ensuring compliance with regulatory requirements.
• Reports to: Chairman of the Group
• Direct Reports: Financial Controllers, Accountants

Responsibilities
Strategic Financial Leadership:

• Develop and execute financial strategies to achieve the Group’s business objectives.
• Provide financial insights and recommendations to the Chairman and Board of Directors to support strategic decision-making.
• Identify growth opportunities, including potential investments, mergers, and acquisitions.

Financial Planning and Analysis:

• Lead the preparation of annual budgets, forecasts, and financial models.
• Analyze financial data to identify trends, risks, and opportunities.
• Monitor key performance indicators (KPIs) to evaluate financial performance.

Accounting and Reporting:

• Oversee the preparation of accurate and timely financial reports, including monthly, quarterly, and annual statements.
• Ensure compliance with accounting standards, tax regulations, and corporate governance requirements.
• Coordinate with external auditors for annual audits and ensure timely resolution of audit findings.

Treasury and Cash Management:

• Manage the Group’s liquidity, cash flow, and capital structure to optimize financial health.
• Oversee debt management, including negotiations with financial institutions for loans and credit facilities.
• Develop and maintain relationships with banks, investors, and other financial stakeholders.

Risk Management and Compliance:

• Identify financial risks and implement mitigation strategies.
• Ensure compliance with all financial regulations, laws, and internal policies.
• Maintain robust internal controls to safeguard the Group’s assets

Leadership and Team Development:

• Lead, mentor, and manage the finance team to achieve high levels of performance.
• Foster a culture of continuous improvement, innovation, and accountability within the department.
• Ensure knowledge sharing and training for team members to enhance financial expertise.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• A Master’s degree or MBA is an advantage.
• Professional certifications such as ACCA, ACA, CPA, or CFA are mandatory
• Minimum of 10 years of senior financial management experience, with at least 5 years in a CFO or equivalent role.
• Experience in diverse industries, including FMCG, Oil and Gas, or Hospitality, is an advantage.

Skills:
Strategic Thinking and Leadership:

• Ability to align financial strategies with business goals.
• Exceptional decision-making and problem-solving abilities.

Technical Financial Expertise:

• Proficiency in financial modeling, analysis, and reporting.
• Strong understanding of IFRS, tax laws, and corporate governance.

Communication and Interpersonal Skills:

• Strong presentation skills with the ability to communicate complex financial information clearly.
• Ability to build relationships with internal and external stakeholders.

Technology Proficiency:

• Familiarity with ERP systems and advanced financial software tools.

Application Closing Date
1st February, 2025.

How to Apply
Interested and qualified candidates should forward their CVs and cover letters to: recruitment@domeoresources.org using "Chief Financial Officer (CFO)" as the subject of mail.

Note: Only successful candidates will be contacted.