Job: Group Head of Finance at Co-Creation Hub (CcHUB) Nigeria

Job: Group Head of Finance at Co-Creation Hub (CcHUB) Nigeria

Job Description

The Group Head of Finance (GHOF) is accountable for the corporate’s monetary and danger administration operations. This consists of creating a monetary and operational technique, metrics tied to that technique, and the continued improvement and monitoring of management programs designed to protect firm’s belongings and report correct monetary outcomes.

The GHOF will present management and coordination within the firm’s enterprise planning, accounting, monetary evaluation, monetary reporting, and budgeting efforts. S/he’ll develop and institutionalize the Finance Division.

Company Technique

  • Collaborating with the CEO and/or the Government Administration  to set strategic monetary objectives and make strategic enterprise projections based mostly on present developments and future expectations.
  • Work with the administration crew to make sure alignment on useful resource necessities and motion plans to permit for firm’s objectives to be met.
  • Repeatedly monitor firm efficiency and the exterior panorama to establish dangers and alternatives and decide whether or not changes to the strategic strategy is required.
  • Work with administration to outline and implement efficient work processes and methods of working throughout the corporate to appreciate the strategic targets

Monetary Management:

  • Monetary Administration: Oversee the duties of the corporate’s finance operate to make sure compliance with regulatory and organizational necessities; enhance effectivity and effectiveness of the finance crew; accuracy and reliability of economic info and the general administration of the corporate’s funding and expenditure.
  • Develop forecasts, firm monetary fashions and work instantly with administration throughout the corporate to align on plans and measure outcomes. This position requires a deep background in monetary modelling and evaluation, sturdy communication abilities and a substantial amount of interplay and relationship constructing with key stakeholders throughout finance and the management crew.
  • Oversee collaboration with different features, benchmark efficiency internally to establish alternatives to regulate working fashions with the intention of enhancing effectiveness and effectivity.
  • Treasury/Money Administration and handle the connection with the corporate’s bankers.
  • Grants Accounting: Oversee preparation of budgets and monetary experiences for submission to granting companies in cooperation with the Program Managers and grantees, as required.
  • Funding Administration: Undertake the administration of the Firm’s belongings and securities, together with monitoring funding efficiency and offering monetary assertion evaluation to the CEO (and doubtlessly  to the Board).

Monetary Reporting and Evaluation

  • Oversee the preparation of inner experiences, together with month-to-month, quarterly, and annual monetary experiences, together with each working experiences and monetary experiences
  • Oversee the integrity of the Common Ledger, transaction reporting, and the steadiness sheet on a real-time foundation, guaranteeing that every one reconciliations and accruals are correct and reviewed on a well timed foundation
  • Oversee the preparation of economic experiences and certificates, as required by the interior and exterior stakeholders.
  • Carry out all monetary reporting and evaluation work for the group’s enterprise operations.

Planning and budgeting

  • Take part in strategic and enterprise planning for the group.
  • Coordinate the setting and monitoring of efficiency towards monetary objectives and targets.
  • Present total management and administration of the annual budgeting course of and any interim re-evaluation processes; the budgeting processes ought to present an correct forecast of economic and value accounting info based mostly on historic evaluation and teaming with different senior administration.
  • Present total management and administration to the capital price range and approval course of.
  • Assist ongoing re-forecasting efforts to make sure that the corporate maintains a present working forecast on a real-time foundation, which is built-in with the corporate’s medium time period monetary forecast and short-term money forecast.

Operations

  • Implement operational greatest practices.
  • Assess and handle any third-party companions/distributors to which accounting or different finance features have been outsourced.
  • Supervise the monetary operations of subsidiary firms and operations.
  • Oversee the corporate’s transaction processing programs.
  • Ensures that programs are in place to maximise income, reduce bills, and meet capital necessities for all firm property in accordance with trade greatest practices.
  • Keep relationships with key CAPEX and OPEX suppliers.
  • Present oversight to make sure compliance with native and worldwide reporting necessities and guarantee taxes are decided on a well timed foundation and paid consistent with native regulation.
  • Work with Government Administration on periodical price administration and income progress choices.
  • Lead the due diligence and acquisition course of, the place relevant.

Inside Controls & Processes

  • Guarantee correct preparation for all audits.
  • Keep, evaluation and revise inner controls to make sure the safeguarding of belongings and reliability of economic statements.
  • Set up and monitor programs and controls that confirm the integrity of all programs, processes, and information, and improve the corporate’s worth.
  • Keep a documented system of accounting insurance policies and procedures.
  • Implement compliance with correct accounting procedures and firm insurance policies and escalate non-compliance points to the CEO and/or Government administration when applicable.
  • Oversee the coordination and actions of unbiased auditors, guaranteeing they’re offered correct and well timed info as required, all audit inquiries are addressed, and all compliance requirements are met
  • Problem and streamline accounting processes for accuracy and effectivity wherever doable.
  • Direct initiatives centered on automation and efficiencies inside the finance unit and in the remainder of the Firm.
  • Handle the preparation of the annual monetary statements, federal and state necessities and preparation of some other required supplementary schedules and data.

Danger Administration

  • Anticipate and mitigate key components of the corporate’s danger profile.
  • Assess and preserve applicable inner management safeguards.
  • Confirm that the corporate makes use of applicable insurance coverage protection.
  • Ensure that the corporate complies with all authorized and regulatory necessities.
  • Make sure that document preserving meets the necessities of auditors and authorities companies.
  • Keep relations with exterior auditors and examine their findings and suggestions.

Management and Administration

  • Lead and mentor the prevailing finance crew.
  • Set up a system of accountability and monitor the efficiency and competency of direct experiences, together with conducting well timed efficiency and wage critiques.
  • Develop constructions to construct and practice an efficient finance crew.
  • Keep in-depth relations with all different unit heads.
  • Take part in key decision-making processes as a member of the Administration crew.

{Qualifications}

  • Bachelor’s Diploma or postgraduate skilled {qualifications} in Finance, Accounting, Enterprise Administration and/or different related and applicable self-discipline.
  • 8+ years of expertise dealing with monetary administration, accounting, reporting, monetary evaluation and planning.
  • At the very least 5 years of progressively evolving administration and management expertise managing giant complicated worker teams.
  • Demonstrated expertise and talent with price range preparation and evaluation, monetary reporting preparation and presentation, and the confirmed means to translate technical, monetary information into informative experiences.
  • Expertise in formulating, creating, and implementing monetary methods and plans.
  • Expertise with managing and reporting on complicated tasks, managing danger, and guaranteeing worth for cash.
  • Observe document of advising senior administration and offering technical help regarding greatest practices in monetary administration, aiming to help strategic enterprise objectives.
  • Background in technique and enterprise planning with the confirmed means to develop and handle enterprise plans, processes, and controls to reinforce efficiencies and mitigate danger.

Information

  • Sturdy working information of economic accounting, money circulate, donor, grant budgeting and funding administration.
  • Sturdy working information of audit and compliance of various jurisdictions.
  • Information of accounting requirements and consolidated monetary reporting.
  • Information of grant processes, procedures and auditing necessities.
  • Sturdy information of the expertise ecosystem and understanding of grant and program financing and administration.
  • Display confirmed means in organizational improvement, enterprise transformation, fundraising, undertaking administration, asset, and property administration.
  • Mission-focused, energetic, results-oriented and process-minded chief who is ready to assist others ship measurable, cost-effective outcomes that make the corporate’s imaginative and prescient a actuality.
  • A deep understanding of the African monetary, authorized & tax regulatory environments and expertise coping with worldwide accounting frameworks.

Further Data

Advantages

  • A aggressive wage, based mostly on expertise. 
  • Medical Insurance coverage 
  • Work alongside world-class expertise 
  • A tradition of studying and innovation
  • Alternatives for profession progress and coaching 
  • Interplay with trade leaders and forward-thinking individuals
  • An opportunity to make a social distinction
  • ​General enjoyable firm


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