Latest Banking Job in Nigeria: Chief Financial Officer, CFO

Posted on :

27 Apr, 2011

Category :

Banking Jobs in Nigeria

CA Global Africa recruitment is currently looking for a very accomplished and highly qualified candidate for the role of Chief Financial Officer (CFO) for one of its large Multinational Banking clients in Africa.

PLEASE NOTE: You need to be a resident/national of the above mentioned country and/or a Diaspora candidate.

General Overview:

– Play the lead role in and manage the setting and implementation of financial policies, procedures, and controls that are consistent with world best practice and the rest of the Group.
– Design, manage and maintain a seamless integrated financial reporting system. This includes initiating the redesign of the chart of accounts and accounting transaction framework and implementation of reporting systems to provide and communicate quality financial information.
– Managing the taxation affairs of the country
– Provision of technical advice and accounting support to all business units
– Assist in the overall risk management of the bank
– To support and develop the in country finance teams in creating a finance partnership with business
– Ensure maintenance of and adherence to Group / country accounting policies and procedures.
– Liaison with external auditors, tax consultants, central bank, revenue authority, Finance and Group Finance
– Be a member of and contribute to a number of subsidiary company boards and, the Executive Committee
– Provide leadership, coaching, staff development and supervision within the
finance function

Role Responsibilities

– To define and implement financial strategy, management and policy and reporting frameworks for the Bank in order to maximize shareholder value and ensure investments are secure and compliant with IFRS requirement.
– Set finance strategy in line with corporate objectives
– Advises on fiscal control, profitability and returns
– Prepares, presents and interprets financial reports to Executive Committee, the Board and other regulatory bodies
– Ensure financial controls and disciplines are in place
– Ensure the overall integrity and accuracy of the financial transactional system as a basis for the preparation of financial and management reporting and accurately reflects the countries’ financial position
– Ensure adherence and compliance to tax laws, regulatory requirements and financial / accounting policies and procedures.
– Optimise capital usage – capital management
– Member of and contribute to a number of subsidiary company boards and, Executive Committees
– Formulate, align and lead the Finance vision and goals within the context of those set by the country and Africa Group.
– Setting the strategic framework for developing a value added finance function that provides customer focused finance solutions to business problems
– Effective management of capital to ensure optimum use
– Managing the maximisation of profit and return on capital so as to exceed shareholder expectations
– Facilitating strategic planning through preparation of financial forecasts based on the country business strategy
– Overall management, co-ordination and preparation of the annual budget and periodic revised estimates
– Written and oral reporting of strategic, operational and financial issues to Executive Committees and Board of Directors to enable them to meaningfully direct the country operation
– Ensuring that all internal and external reporting requirements are timeously met, including -preparation of monthly and quarterly accounts, Group Accounts and Statutory Annual Financial Statements

Candidate Profile:

– A person with high integrity
– An appreciation and a good understanding of macro economics and external factors affecting the business strategies adopted, and market serviced by the country
– Strategic mindset – decision making ability to consider both short term and long term objectives
– Dynamic, innovative self-starter with a personal ambition to succeed
– Analytical mind with strong orientation to financial analysis
– Ability to condense a significant amount of data and identify key issues
– Ability and experience in communicating with all levels of management regarding management information needs and providing decision support
– Ability to analyse and evaluate data for acceptability and correctness
– Good interpersonal skills required in liaising with people at different levels
– Willingness to lead from a high level but get involved in detail when
– Good planning and organisation skills.
– Strong report writing skills
– Ability to work under pressure
– Manage the financial function in a decentralised environment
– Encounter a number of varied and different people that adds complexity around cultures, regulatory, tax and accounting environments

The Candidate must have;

– Professional Accounting qualification
– At least 20+ year’s of financial management experience in a banking environment or large and dynamic multi-national at senior/executive management level.
– In-depth understanding of strategic banking issues.
– Expert knowledge in strategic and operational/budgeting planning
– Proven financial leadership
– Strategic planning and management experience
– Capital management in a financial institution
– Effectively lead and supervise a large team
– Experience in change management and has the ability to positively lead
– Good understanding of International Financial Reporting Standards
– Good understanding of Taxation Legislation
– An understanding of regulatory and reporting requirements
– Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
– Good communication and presentation skills at Executive level
– Experience in change management and has the ability to positively lead

Should you meet all the above requirements please send your CV to Mike at CA Global ([email protected]) or visit our website ( to apply.

Note: Only successful candidates will be contacted.

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