Head Of Finance in Lagos, Nigeria

at Peoplesource Consulting

Financial Services
Minimum Qualification
Required Experience
7 - 10 years
Employment Type
Full Time
Male or Female
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Job Description

Reports directly to: Executive Director

Oversees: Accountant, Accounts officer, Internal Auditors, Head; Internal Audit and control


  • Maintain a documented system of accounting policies and procedures
  • Manage outsourced functions
  • Oversee and lead annual budgeting and planning process in conjunction with the ED; administer and review all financial plans and budgets; monitor progress and changes and keep senior leadership team abreast of the organization’s financial status.
  • Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary.

Funds Management

  • Forecast cash flow positions, related borrowing needs, and available funds for investment
  • Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
  • Maintain banking relationships
  • Assist in determining the company's proper capital structure
  • Arrange for equity and debt financing
  • Invest funds
  • Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows


  • Manage the preparation of the company's budget
  • Report to management on variances from the established budget, and the reasons for those variances
  • Assist management in the formulation of its overall strategic direction

Financial Analysis

  • Engage in ongoing cost reduction analyses in all areas of the company
  • Review the performance of competitors and report on key issues to management
  • Engage in benchmarking studies to establish areas of potential operational improvement
  • Interpret the company's financial results to management and recommend improvement activities
  • Review company bottlenecks and recommend changes to improve the overall level of company throughput
  • Participate in target costing activities to create products that meeting predetermined price goals
  • Assist in the determination of product pricing in relation to features offered and competitor pricing
  • Compile key business metrics and report on them to management
  • Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
  • Create additional analyses and reports as requested by management

Minimum Education Qualifications

  • B.Sc. in Accounting or related discipline
  • Professional qualification (ACA, ACCA, CIA, or CFE)

Required Experience
Minimum of 10 years’ experience with  at least 5 years relevant experience in manufacturing sector

Required Competencies

  • Accounting and Finance
  • Cost management
  • Taxation
  • Budgeting/Forecasting
  • Company operations
  • Management Accounting


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