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: http://pwc.co.za/executive-search-kenya/details.html?nPostingID=2941&nPostingTargetID=45672&option=52&sort=DESC&respnr=1&ID=PVVFK026203F3VBQB796GLOPR&Resultsperpage=10&lg=UK&mask=kenyacareerssite