PricewaterhouseCooper (PwC) – The Federal Government of Nigeria through the Federal Ministry of Finance is setting up a Development Finance Institution with an objective to increase the availability and access to finance for Micro, Small and Medium Enterprises (MSME) through eligible financial intermediaries.
We are recruiting to fill the position below:
Job Title: Chief Financial Officer (CFO)
Reference Number: 130-PEO00647
Location: Abuja
Department: People & Change Nigeria
Job type: Permanent
Roles & Responsibilities
Overall Function of the Position:
- The Chief Financial Officer (CFO) is responsible for the development of a financial strategy and providing leadership on the financial management of the Bank.
- The CFO is the financial spokesperson for the Bank.
- The CFO reports directly to the Chief Executive Officer (CEO) and assists the CEO on all strategic and tactical matters as they relate to budget management, capital market analysis , cost benefit analysis, forecasting needs and securing of new funding.
Specific Duties of the Position:
- Provides leadership in formulating, implementing and monitoring of the Bank’s strategic business plans.
- Manages the treasury and accounting functions of the Bank and oversees the financial operations of subsidiary companies.
- Oversees the utilization of funds of the Bank towards instilling confidence and attracting more investors
- Maintains in-depth relations with all members of the management team as well as any third parties to which functions have been outsourced while ensuring the implementation of financial best practices.
- Supervises and negotiate acquisitions; oversees the issuance of financial information and reports financial results to the Board of Directors and Shareholders.
- Provide financial advice on the Bank’s short, medium and long term cash/ funding situation and terms of subsidiary loan agreements to the management team and the Board.
- Prepare periodic statutory and management information reports.
- Implement continuous financial monitoring and control systems to monitor the performance of the Bank’s flow of funds, adherence to the budget, the expenditures, the income, the cost of operations and other budgetary items
- Manage the performance of all staff in the Finance and Accounting function
- Develop and coordinate the implementation of the Bank’s performance targets and service standards through a Service Level Agreement.
- Monitors cash balances and cash forecasts, arranges for debt and equity financing, invests funds and maintains the Bank’s loan portfolio.
- Oversees the management and coordination of all fiscal reporting activities for the Bank including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of contract/grant budgets.
- Oversees all purchasing and payroll activity for staff and business insurance plans.
- Directs the maintenance of the inventory of all fixed assets, including assets purchased with government funds (computers, etc.) assuring all are in accordance with federal regulations and ensures adequate cash flow to meet the bank’s needs.
- Ensures that effective internal controls are in place and ensure compliance with IFRS, GAAP and other applicable federal, state and local regulatory laws and rules for financial and tax reporting.
- Oversees the preparation of the annual budget for each department and monitor the implementation of the budget to minimize overruns.
- Coordinates, collates and prepares reports
Requirements
Education and Experience Required:
- Minimum of a Bachelor’s Degree in any discipline and a Master’s Degree in any Business related discipline
- Minimum of 18 years post-graduation experience out of which at least 13 years must have been in the financial services industry, 8 of which must have been in a Management position interfacing with the Executive team and Financial partners,
- Relevant professional qualifications such as, Chartered Financial Analyst (CFA) , Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent
- Experience of statutory financial reporting and knowledge of GAAP, IFRS
- Proven track record in MSME and developmental projects
Application Closing Date
20th July, 2016.
How to Apply
Interested and qualified candidates should:
Click here to apply online