Tuesday, 18 October 2016

Job Openings- CFO/ Nigeria

Position Identification:
Job Title:
Chief Financial Officer
Reports to:
Managing Director
Finance & Accounts
Management (FA)
A - E

Terms of Reference:
Education& Skills
·     Chartered Accountancy
·     Master in Finance or MBA, a plus
·     Relevant Functional Skills & Expertise.
·     Computer literacy with good IT skills.
·     Excellent leadership skills. Resource & People Management.
·     Strategic Thinking & Decision Making.
·     Strong Analytical Skills.
·     Excellent Communication &Presentation Skills.
·     Financial modeling (i.e. discounted cash flow).
·     Minimum 15 years functional experience with minimum 5 years as CFO with a multinational company in the oil & gas industry (downstream).
·     International experience and Africa a plus.
·     Good experience of working in an ERP environment like SAP, Oracle, Microsoft Dynamics systems.
·     Change management and transformation.

Job Specification:
·     Overall accountability of Finance & Accounts function with specific focus on business strategy, investment plans, developing portfolio strategy, setting operational financial direction, reviewing and evaluating operating mechanisms, etc.
·     Includes lead supervisory and managerial roles.
Job Specific Comments
·     Providing leadership to Finance &Controlling and IT function.
·     Providing a support service by working with all departments and the management team to help making financial decisions, as well as coordinating intercompany financial activities.
·     Provide the Group with all financial requirements on a timely and accurate basis
·     Responsible for making strategic decisions, investment plans, financial planning/budgeting/ reporting, developing financial aspects of 3 year Annual Operating Plan (AOP), capital expenditure plan and cost control including P & L and cost centers responsibility.
·     Analyzing Balance Sheet, P & L accounts, and cost centers.
·     Keeping all relevant records, archives, and legal documents in a proper manner
·     Prepare timely monthly MIS reports with sound analyses and variance explanations, and send it to the Group timely.
·     Prepare timely annual accounts and ensure timely finalization of audits.
·     Manage the working capital with the clear mandate to improve stock management and reduce stock levels,  reduce Accounts Receivables & reduce finance costs.
·     Manage all company taxes and ensure compliance
·     Responsible for Business Intelligence (BI) by integrating cross-functional business activities and transactions thru’ IT solutions. Designing IT strategies and infrastructure/services plan.
·     Forecasting the funding requirements, assess its impact on the Balance Sheet and Cash Flow,monitoring bank overdrafts limits, and proper cash and treasury management.
·     Prepare complete and meaningful presentations for various funds requirements.
·     Financial planning of new projects (Capex, acquisitions, new products, expansion, etc).
·     Reviewing and analyzing Internal Audit observations and deciding corrective actions on it.
·     Setting and monitoring Finance &Controlling and IT functionsgoal and objectives in line with organizational objectives.
·     In coordination with the Internal Audit Manager, enhancing and monitoring the Internal Audit policies and procedures.
·     Coordinating internal and external audits.
·     In coordination with Group Treasury, monitoring currency exposure and the currency risks.
·     Monitoring financial statutory requirements and compliances, etc.
·     Monitoring legal cases pertaining to Finance & Accounts function (such as doubtful debts).
·     Control and ensure appropriate operational costs and overheads.
·     Participating actively in management meetings and discussion on business strategy.
·     Understanding Company’s new and modified business avenues, modal, strategy, etc.,  and aligning Finance & Controllingand IT functions with them.
·     Organizational development thru’ leadership development plans, succession planning, etc for critical positions in the department.
·     Developing, training Finance & Controlling staff.
·     Implementation and maintenance of quality systems and continuous improvement methodologies with specific focus on growth, cost reduction and process improvements.
·     Any other job which may be assigned by the management from time to time.

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