Tuesday, May 22, 2012

Chief Financial Officer (CFO)

Industry ICT / Telecommunications
Specialization Banking / Finance / Insurance, Administration & Office Support,
Minimum Qualification MBA / MSc
Required Experience 7 - 10 years
Salary Range ₦3,600,000.00 to ₦5,000,000.00 per annum
Application Deadline 2012-07-23

Established in 1996, HiiT Plc is a Computer Professionals Registration Council of Nigeria (CPN) licensed company. We are 100% Nigerian owned, offering World Class Standards but customised to suit local peculiarities.

Job Title: Chief Financial Officer (CFO)
Location: Lagos

Job Summary:
The Chief Financial officer (CFO) directs the day-to-day financial activities of Company and has responsibility for overall Company financial policies and objectives. He/she ensures the security and stability of Company’s assets and funds and identifies and secures additional financial resources to promote Company`s growth and business diversity. The incumbent ensures the formulation of the operating budgets for the Company and regularly liaises with offices on administrative and routine operational office issues.

  • Chief Financial Officer is the Principal Accounting Officer of Company and directs the daily operation of Company`s finance function, including treasury, budgeting, auditing, tax, accounting, capital purchasing, investor relations, risk management, and long-range forecasting and insurance activities.
  • Provide counsel to Company`s MD/ CEO relating to financial and tax considerations of investments and other business transactions.
  • Develops long-range strategies to establish and maintain the financial self-sufficiency of company.
  • Establishes Company`s accounting systems and procedures and ensures they are up-to-date and in compliance with all applicable statutory and regulatory requirements.
  • Provides advice and review for compliance with appropriate statutory and regulatory requirements.
  • Prepares and issues quarterly and annual audited financial statements and reports
  • Manages and tracks Company`s fund, assets and investments and periodically issues reports on its current as well as projected financial stability/condition
  • Analyses general economic, business, and financial conditions to assess their impaction on Company`s policies, operations, and profitability.
  • Establishes and maintains contacts with auditors, actuaries, financial institutions government agencies, joint venture partners, and counterparts.
  • Identifies sources of financing to expand the scope of Company`s business opportunities.
  • Negotiates project financing; structure and documents financial packages and agreements.
  • To the extent possible, minimize Company`s tax liabilities.
  • Financial management including preparing and filing quarterly and annual reports as well as annual shareholders proxy circulars, etc.
  • Presents to analysts and to investors.
  • Prepares monthly written report to Company`s board of directors on the financial standing and conditions of the Company.
  • Oversees all activities related to office management/administration, including contracts, leases and vendor agreements. Supervises administrative and financial personnel.
  • Has charge and responsibility for all funds and securities of Company. Receives and gives receipts for monies due and payable to company from any source whatsoever and deposits all such monies in the name of the corporation in such banks, trust companies, or other depositories as shall be selected in accordance with the Bylaws.
  • If required by the board, shall give bond for the faithful discharge of his duties in such sum and with such surety or sureties as the board of directories shall determine.
  • Performs such other duties as may be assignment to him from time to time by the President/CEO or by the board of directors.
Qualifications and Requirements: 
  • ACA/ACCA with strong background in finance, plus a minimum of 10years of progressively responsible financial management experience.
  • Demonstrated knowledge of current accounting standards and procedures, knowledge of internal controls and procedures for financial reporting as a necessary for compliance with procedures and standards.
  • Minimum qualification MBA / MSc.
  • Required experience 7 - 10 years.