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Chief Financial Officer needed at WTS Energy – Apply Now

Job title : Chief Financial Officer

Job Location : Lagos

Deadline : June 26, 2023

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Job Summary

  • Provide leadership, direction and management of the finance and accounting team.
  • Oversee day-to-day operations of the finance department.
  • Manage the processes for financial forecasting and budgets and oversee the preparation of all financial reporting. Advising on long-term business and financial planning.
  • Provide support to the executive management team in the creation and execution of competitive business strategies.
  • Leverage strong financial and research competencies with ability to measure financial risks and rewards in great detail.
  • Adhere to best practices in managing company portfolio.

Responsibilities

FINANCIAL PLANNING

  • Develop long-range financial plans to support organizational objectives and decision-making.
  • Conduct financial analysis on the company’s performance along defined indicators.
  • Prepare high-impact presentations and proposals to investors/financiers for debt/equity capital raising efforts.
  • Prepare transaction documents (engagement letters, proposals, presentations, Information Memorandums, term sheets, valuations etc.) for transactions being contemplated by company
  • Evaluate and structure bankable investment projects.
  • Participate in deal meetings as well as help maintain client relationships.
  • Assist in administering the legal processes associated with deals.

BUDGETING

  • Co-ordinate the budget preparation, monitoring and control process, in line with agreed policies and procedures including:
    • Develop, review and circulate annual business planning guidelines/ assumptions to all departments;
    • Compile all inputs into the budget from all departments and prepare a detailed budget for management review and approval;
    • Analyse budget performance, identify and obtain explanations for significant variances;
    • Make relevant contribution to NFG’s cash forecasting and long range financial planning
    • Develop and implement cost control/ management strategies and system to ensure optimal utilisation of available financial resources.
  • Ensures all CAPEX and OPEX purchases are within budget, board approval and manual of authority

CASHFLOW MANAGEMENT

  • Regularly monitor company’s cash flow position to anticipate and provide operational liquidity requirements.

FINANCIAL ANALYSIS

  • Conduct financial analysis and risk assessment on project proposals, including building and interpreting financial models
  • Conduct financial analysis on existing investments for active portfolio management, including reporting and recommending interventions
  • Undertake research and analysis, including on prospective investment opportunities and companies, to identify trends and issues to provide a sound basis for investment decisions
  • Conduct due diligence on prospective acquisition candidates/investment opportunities

COMPLIANCE

  • Co-ordinate the financial activities of the Organisation and ensure compliance with the organisation’s strategy, operating policies, controls and procedure
  • Coordinate the computation and filling of tax returns for all Federal, State and local taxes including related reports to ensure compliance with applicable tax laws and regulations.
  • Manage relationships with reputable tax consultants and other government regulatory bodies
  • Present and manage tax strategies to ensure minimal exposure on all statutory remittances
  • Ensure that the Company complies with all regulatory/ license requirements and also legal requirements

Other Duties

Directs and guides Accountants in the discharge of Admin duties, including but not limited to:

  • Prepare timely and accurate reports on company’s operations and financial performance and provide adhoc analysis.
  • Coordinate and supervise the day-to-day activities of the department and ensure alignment with overall departmental and company goals/ objectives.
  • Ensure bank reconciliations are completed monthly.
  • Supervise the upkeep and management of company’s fixed assets and stock inventory.
  • Facilitate the work of auditors and manage the resolution of arising issues.
  • Ensure ample and proper documentation of all financial information and documents by maintaining an orderly and easy retrieval filing system.
  • Maintain a robust system of accounting controls.
  • Develop/update the management information report framework and templates, including defining the model for data and information gathering across the organisation.

Technical And Role Specific Competencies And Skills

  • Ingenuity: Use of logical analysis. Must think through and solve problems step by step, looking beyond the obvious solution to a problem by digging deeper for the best solution. Possess strength in identifying and setting priorities.
  • Multi-Tasking: Having an ability to excel under demanding time constraints with the ability to handle multi-tasks simultaneously.
  • Confidentiality: Have ability to work with highly sensitive information and maintain strict confidentiality. Job requires employee to communicate well with people at different job levels, frequently sharing information with others while listening to and understanding other points of view
  • Intensity: Focused and infectious energy, never accepting limits in ensuring results are delivered timely; yet mature and calm under pressure or in a high octane environment
  • Judgement: Ability to act independently using sound judgment and initiative while keeping senior management informed.
  • Systemic Thinking: Superior knowledge based on expertise, pattern recognition, creativity and analytics
  • Financial Analysis skills
  • Financial Modelling skills
  • Business Writing skills
  • Project Finance
  • Proficiency in Microsoft Office tools especially Excel and PowerPoint
  • Proficiency in the use of Sage accounting package and ERP Software

QUALIFICATION & REQUIREMENT

  • Minimum BSc/BA
  • Certified Financial Analyst
  • ACA or ACCA or CPA Certification
  • MBA or MSc (Added Advantage
  • Minimum 10 years’ experience in financial advisory, corporate finance, project finance or private equity

Desired Skills and Experience

  • Tax, Statutory Regulations, Corporate Budget, Budget Monitoring,

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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