Chief Finance OfficerPosted On: 06 July 2020 Adexen Lagos
A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.
Adexen was mandated by a leading FMCG Company to recruit an expatriate Chief Financial Officer for its operations in Nigeria. The position is located in Lagos, Nigeria.
Set-up and lead a motivated finance team, to work alongside other group entities (Supply Chain, IT and Human Resources, technical teams and sales teams), to best support proactive decision making within the group
Restructure the finance function, reorganising the existing set-up and establishing best-in-class processes to build up a modern finance department, functional across all group subsidiaries
Manage the day to day accounting activities by ensuring adherence to the organisational rules and regulations, and statutory compliance; train and mentor staff by identifying the skills and gaps, ensure proper communication between team members, hire and terminate staff members whenever there is a requirement
Maintain excellent relationship and establish and maintain credibility with other group entities (other employees, management, board, shareholders, unions) as well as external stakeholders (government organisation, insurance organisations, banks, audit and financial firms, etc.)
Deployment and utilisation of appropriate IT tools
Coordinate with the technological department to set up a proper and modern ERP system, and other required IT tools building on the company existing tools, to be used consistently across all group entities and subsidiaries, helping deliver sound financial reports
Ensure adherence of all finance staff to the IT system, as well as optimal utilisation of the system functionalities
Ensure adherence and proper and consistent utilisation of the IT system by other group entities, across subsidiaries
Monitor and evaluate the IT system performance, and suggest improvements whenever needed
Ensure proper execution of core accounting functions
Information compilation and reconciliation
Collate all the relevant financial information (expenses, liabilities, revenues, assets, etc.) and documentation that would ensure readiness and fast execution of the related economic activities
Review the financial data and information, update it, identify inconsistencies and take remedial actions
Ensure timely reconciliation of all accounts, verify its accuracy by tracking and monitoring the financial records, etc.
Prepare periodic financial statements, including profit and loss accounts, budgets, cash flows, variance analysis and commentaries.
Coordinate audits with external and internal auditors
Ensuring spending is kept in line with the budget, including cash and treasury management, working capital monitoring and optimisation, etc.
Monitor debtors and ensure that collections are consistent within the given time limit.
Manage all company taxes ensuring timely and accurate filing with tax authorities
Manage exposure to FX fluctuations and develop hedging policy
Leverage the finance department to become a key decision-making contributor to the company
Develop and deploy relevant reporting tools and deliver regular reports & business updates to the management and the board, including specific analysis, the highlight of any red flag, etc. allowing for informed decision-making and strategy adjustment
Assess the need and develop and deploy when relevant reporting tools for other departments (procurement, production, sales, etc.), to help make financial decisions
Implement corporate governance procedures, risk management and internal controls
JOB REQUIREMENTS AND EXPERIENCE
10+ years of progressively financial responsibility
At least 3 to 5 years of experience as CFO / Finance Director in a multinational FMCG, speciality chemicals company or other manufacturing and logistics businesses
Previous work experience in emerging markets (ideally Sub-Saharan Africa, and in particular Nigeria and Ivory Coast)
Effective leadership and communication skills, ability to manage and prioritise work according to requirements, excellent planning, analytical and time management skills
Excellent written and oral English; fluency in French will be a significant plus
A formal accounting or financial qualification would be an advantage, but an understanding of accounting and controlling and a visible and successful track record are more relevant
Experience developing and implementing the basic building blocks of a finance function such as the chart of accounts, financial reporting, management reporting, budgeting, controls, pricing analysis, treasury management, etc. (vs experience operating only in structured multinational environments)
Exposure to having worked with PE-owned companies in the past would be a significant advantage
Computer proficiency skills in NAVISION or any other similar ERP
Experience in implementing an MIS/ERP is a plus
Entrepreneurial mindset compatible with a medium-size company planning to institutionalise its operations
SkillsOperation Accounting Finance Analytical Skills Financial Statements Financial Reporting Pricing Analysis Infor Enterprise Resource Planning (ERP) Computer Literacy
Application Currently Closed
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