Chief Financial Officer (ITC001) in Lagos, Nigeria

at KPMG Nigeria

Financial Services
Accounting / Audit / Tax
Minimum Qualification
Bachelor's Degree
Required Experience
10 - 15 years
Employment Type
Full Time
Male or Female

Job Description

Reporting to the Managing Director/CEO, the successful candidate will be responsible for providing leadership, guidance and strategic direction in the execution of financial activities within the company.


Key Responsibilities include the following

  • Oversee and drive the development of the company’s financial strategy, work plans and programs, to ensure alignment with the company’s strategy, goals and objectives
  • Oversee the development of the company’s corporate budget, including effective allocation and utilization of financial resources in line with business objectives
  • Coordinate the identification of risks and medium to long term financial implications of intended corporate projects/initiatives, and provide relevant advice to the company’s executive management and the Board to ensure maximum value realized
  • Articulate, develop and implement procedures and controls to ensure that the company’s funding requirements are proactively anticipated and met at a reason cost
  • Coordinate proper management of capital expenditure and working capital to ensure that the company has sufficient liquidity to meet its medium-term requirements and banking obligations
  • Drive the preparation of financial reports to Board members for presentation/discussion at quarterly Board meetings
  • Serve as technical resource for the company on issues relating to the interpretation of accounting, tax and other regulatory matters
  • Develop and maintain strategic relationships with key industry players and regulators
  • Ensure timely generation and remittance/filing of relevant statutory returns and reports
  • Coordinate the development and implementation of finance and accounting policies, processes and procedures in line with leading practices
  •  Ensure the establishment and implementation of an effective internal control system within the Company
  • Champion the development and monitor implementation and monitor implementation of a delegation of authority framework
  • Oversee and coordinate the day-to-day activities of the finance function, including planning and budgeting, and provide overall leadership and guidance to subordinates
  • Continuously review the Finance department’s activities and make recommendations for improvement in line with leading practices to the CEO
  • Liaise/manage the external audit process, while ensuring that all recommendations from the External Auditor’s Management Letters are adequately addressed
  • Responsible for driving monthly MPR sessions
  • Motivate, guide, and ensure knowledge transfer and capacity-building of Finance staff
  • Perform any other duties as assigned by the MD/CEO


Qualification, Experience, Skills and Competencies

  • First degree in accounting or related discipline
  • Must be a Chartered Accountant
  • Must possess professional finance and accounting certification e.g. ICAN, ACCA, etc
  • Must have a minimum of 10years of relevant experience, 5 of which must e in executive management/C-level position
  • Must have a robust background in private equity and investment management
  • Advanced financial and accounting knowledge, including in-depth understanding of finance best practices, international and Nigerian financial and accounting reporting standards
  • Strong knowledge of the insurance industry including regulations, legislations and understanding of trends and developments that might impact on financing or accounting for operations within the industry
  • Understanding of key financial regulations e.g. Companies Income Tax, Value Added Tax, Withholding Tax, Personal Income Tax Act, Pension Reform Act etc
  • Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions
  • Must have knowledge of IFRS
  • Must have a high sense of responsibility, accountability, integrity and ethical standards
  • Must have strong business acumen, maturity and tact, including the ability to relate with highest levels of management of financial institutions
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