CHIEF FINANCIAL OFFICER

Our client a reputable firm is looking to fill the role of a Chief Financial Officer

Job Title: Chief Financial Officer

Reports To: Managing Director

Direct Reports: Financial Controller, Treasury manager and Management Accountant

Level: Head

Division/ Dept: Finance

Job Summary To anticipate and control financial risks by ensuring the availability of

accurate and current financial data and financial resources in line with

the business objectives.

RESPONSIBILITIES

·        Oversee and champion the articulation and development’s strategy ensuring alignment with company’s corporate strategy and business goals.

·        Provide overall guidance, leadership support and strategic direction in the execution of the division’s functions and activities.

·        Coordinate and approve the division’s work programs and plans.

·        Ensure synergy and collaboration in interdepartmental activities and communication to facilitate effective and smooth running of the division.

·        Communicate division strategies, directives and objectives to staff.

·        Oversee the development of the division’s budget and monitor its implementation.

·        Oversee the day-to-day management and administration of the division’s activities.

·        Manage the human and material resources of the division to optimise performance and enhance output.

·        Continually review and assess the effectiveness and efficiency of the division and identify improvement opportunities.

·        Coordinate the identification of risks, their short and long-term financial implications and advise Management accordingly.

·        Oversee the establishment of efficient controls to mitigate identified financial risks

·        Ensure the development and implementation of finance and accounting policies, procedures and processes in line with leading practices and accounting standards.

·        Manage risks and returns on company’s financial resources constantly seeking to maximise shareholder’s investments.

·        Enforce corporate governance in the Company’s financial decision making.

·        Oversee the development of the company’s corporate budget and allocation of financial resource.

·        Coordinate the proactive monitoring and reporting of budget positions.

·        Oversee the development and implementation of robust cost management strategies to monitor and control costs company-wide.

·        Ensure the development and implementation of a delegation of authorities framework.

·        Authorise expenditure / transactions in line with company’s delegation of authority.

·        Ensure development and implementation of strategies to optimally manage the company’s liquidity position, ensuring excess cash is channeled to appropriate investments outlets.

·        Ensure availability of adequate funding required for company’s short and long term operations and in line with financial policies.

·        Maintain financial responsibility in company’s assets in terms of accounts, valuations and loss protection.

·        Ensure timely preparation of pending Budget and tax reports.

·        Coordinate timely preparation of the company’s financial statement ensuring accuracy and compliance with stationary and regulatory requirements.

·        Periodically review the company’s financial activities/ performance reports and take appropriate actions.

·        Ensure proactive and accurate generation of relevant reports to aid management’s decision making process.

·        Provide relevant advice and recommendations to management on specific financial issues

·        Ensure adequate and accurate maintenance of project materials with timely generation of relevant reports.

·        Develop and maintain strategic relationships with relevant financial institutions and regulatory authorities.

·        Serve as technical resource for the company on issues relating to the interpretation of accounting, tax regulatory issues.

·        Prepare and submit periodic management reports and activities.

·        Oversee the development and implementation of the financial modules of the enterprise management system as appropriate

REQUIREMENTS

·        First degree in any discipline preferably in Accounting or any other finance or business related discipline

·        Relevant professional accounting qualification e.g. ACA, ACCA, CPA, CIMA or other relevant higher business degree with proven analytical and qualitative accounting/finance competencies.

·        Minimum of 10 years cognate experience in finance account management/ tax auditing, at least 4 years of which must have been at management level

·        Experience as head of finance department or its equivalent in a power company is an added advantage

·        Excellent appreciation of financial risks and mitigating controls

·        Strong knowledge of heading finance and accounting, standards practices and processes

·        Strong understanding of international and local tax & regulatory framework

·        Good understanding of the Power industry (especially the upstream sector)

·        Strong negotiating and business development skills

·        Ability to think strategically and holistically

·        Strong business acumen with excellent analytical and problem solving skills

Interested and qualified candidates should send CV to [email protected] using the job title as mail subject.