The People Practice - Our client, an upscale laundry and dry-cleaning organization, is recruiting to fill the position below:
Job Title: Chief Financial Officer
Location: Lagos
Employment Type: Full-time
Job Summary
Our client is looking for a Chief Financial Officer (CFO) who will have the overall responsibility for the strategic planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting, risk and governance as well as negotiations.
Responsibilities
Take responsibility (either directly or via staff) for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company’s financial strategy and hiring needs
Coordinate development of annual operating, capital, and program budgets, as well as reporting for the same
Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization
Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows
Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action
Providing leadership, direction and management of the finance and accounting team
Providing strategic recommendations to the Founder / CEO and members of the executive management team and Governing Council
Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting
Advising on long-term business and financial planning
Provide commercial insight and leadership across the business in order to exceed business plan targets
Responsible for ensuring the risk and compliance management framework is embedded and operational for the Group
Establishing and developing relations with senior management and external partners and stakeholders
Reviewing all formal finance, HR and IT related procedures
Qualifications
Master’s Degree (or equivalent experience) in Accounting, Business, Accounting, or Finance
Minimum 10 years’ relevant work experience, 7 years management practice of which 3-5 years in FMCG/Retail. Relevant historical roles include but not limited to Director of Finance, Credit Controller, Corporate Development
Professional development and training are an added advantage.
Certified Public Accountant (CPA) qualification or relevant certifications
Proficient in analyzing financial information and using metrics to evaluate performance
Proficiency in financial software and management toolsand strong understanding of financial statements and their interpretation
Strategic thinking and the ability to provide insights and recommendations to improve financial health
Experience in managing receivables, payables, and liabilities
Ability to lead and manage the finance department and collaborate with senior managers and the Board of Directors
Knowledge of financial control and compliance to ensure the accuracy and integrity of financial data
Knowledge of finance functions and their integration into overall business operations
Familiarity with the role of a Chief Financial Officer (CFO) and the responsibilities associated with the job title
Expertise in financial planning and budgeting to support strategic initiatives
Ability to develop and implement a business plan to drive financial growth
Understanding of human resources management within the finance department.
Must have skills:
Expertise in financial management, including cash flow, financial planning, and financial decision-making
Proficiency in strategic planning and the ability to align financial initiatives with business goals
Knowledge of capital structure and the ability to optimize financial resources
Strong understanding of Generally Accepted Accounting Principles (GAAP) and ensuring compliance
Excellent communication skills for effective collaboration with C-suite executives, including the Founder, Chief Executive Officer (CEO), Chief Production Officer (CPO) and Chief Operating Officer (COO)
Excellent interpersonal and communication skills for effective stakeholder management and presenting financial information
Strong analytical skills to assess financial risks and opportunities
Leadership skills to guide and mentor the finance team and foster a high-performing finance department.