Chief Financial Officer - Manufacturing
Myrtle Management Consultants
Lagos, Lagos, Nigeria
6d ago
Job Description

Strategy, Planning, and Management

  • Act as Chief Financial Officer and strategic business partner to the senior executive leadership team.
  • Assess and evaluate the financial performance of the organization about long-term operational goals, budgets, and forecasts.
  • Provide insight and recommendations to both short-term and long-term growth plans of the organization.
  • Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
  • Communicate, engage and interact with the Board of Directors, CEO, COO, and Executive Leadership Team.
  • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
  • Select and engage consultants, auditors, and investors.
  • Recruit, interview and hire finance, accounting, and payroll staff as required.
  • Serve as a key member of the executive leadership team and round table discussion panel.
  • Participate in pivotal decisions as they relate to strategic initiatives and operational models.
  • Interact with and bring the department into line with the Board of Directors’ plans, initiatives, and recommendations.
  • Implement policies, procedures, and processes as deemed appropriate by the senior leadership team.

Financial Analysis, Budgeting, and Forecasting

  • Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
  • Review and analyze monthly financial results and provide recommendations.
  • Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
  • Develop and maintain the monthly operating budget and annual company operating budget.
  • Manage the financial planning and analysis department. Supervise the creation of reports, software implementation, and tools for budgeting and forecasting.
  • Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.

Accounting, General Ledger, Administration and Operations

  • Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
  • Review and ensure the application of appropriate internal controls, compliance, and financial procedures.
  • Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and the company’s board of directors.
  • Oversee the preparation and communication of weekly, monthly and annual financial statements.
  • Oversee the preparation and timely filing of all local, state and federal tax returns.
  • Ensure compliance regarding all financial functions.
  • Work with Human Resources to ensure appropriate legal compliance.
  • Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
  • Oversee preparation of monthly, quarterly and annual financial statements.
  • Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
  • Enhance and implement financial and accounting systems, processes, tools and control systems
  • Hire, develop and manage accounting directors, managers and staff
  • Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
  • Coordinate and strategize methods used to attain team goals with Chief Accounting Officer and Regional Controllers.

Financial Management

  • Manage the cash flow planning process and ensure funds availability.
  • Oversee cash, investments, and asset management area.
  • Explore new investment opportunities and provide recommendations on potential returns and risks.
  • Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

Financial Relations and Policies

  • Engage finance committee and/or board of directors to develop short term and long term plans, projections and budgets.
  • Represent the company to banks, financial partners, institutions, investors, public auditors, and officials.
  • Remain current on audit best practices as well as state, federal and local laws regarding company operations.

Finance and Accounting Team Management

  • Mentor and develop a team of 10 senior managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
  • Guide larger, cross-divisional teams outside of direct span of control within the three main company divisions.

Cash Management

  • Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
  • Supervise Accounts Receivable management and provide guidance relating to the collection process

Qualifications

  • Bachelor’s Degree in Accounting or Finance and MBA is required
  • CPA Required
  • In-depth experience in the manufacturing industry is very critical
  • Background in Big 4 Public Accounting
  • 6 years minimum experience as a CFO in a large ($500 million+), publicly traded corporation.
  • 14+ years of total accounting or finance experience
  • Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance and SEC reporting.
  • Background coordinating with I.T. staff to manage and/or upgrade the accounting system. Systems implementation experience strongly preferred.
  • “Hands-On” ERP Systems Experience – SAP, JD Edwards or PeopleSoft experience preferred
  • Outstanding communication and presentation skills.
  • Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.
  • Excellent analytical, reasoning and problem-solving skills
  • Significant experience working with external auditors, internal controls and compliance-related issues.
  • Strong systems, process, and best practices experience.
  • Well organized and self-directed.

REQUIRED SKILLS

  • Financial planning and strategy
  • Managing profitability
  • Strategic planning and vision
  • Quality management
  • Promotion of process improvement
  • Forecasting
  • Corporate finance
  • Budget development


Additional Information

Deadline for submission is April 15, 2020. Interviews are on a rolling basis to this date. Only shortlisted candidates will be contacted.

Renumeration is competitive

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