About this role

Location: Awka, Anambra

Employment Type: Full-time

Department: Finance and Accounts

Reports To: Managing Director / Chief Executive Officer (CEO)

Industry: Hospitality / Business Operations

The Chief Financial Officer (CFO) will provide strategic financial leadership and oversee the organization's financial planning, accounting operations, budgeting, cash flow management, financial reporting, taxation, internal controls, and risk management functions.
The successful candidate will be responsible for safeguarding the organization's financial resources, ensuring regulatory compliance, improving profitability, and providing accurate financial information to support management decisions.
The CFO will work closely with the Managing Director, General Manager, department heads, auditors, financial institutions, and other stakeholders to develop financial strategies that promote business growth, operational efficiency, and long-term financial sustainability.
The ideal candidate must demonstrate strong financial expertise, commercial awareness, leadership ability, integrity, and a proven track record in financial management.

Strategic Financial Planning and Management:

Develop and implement financial strategies aligned with the organization's business objectives.
Advise the CEO, Managing Director, and senior management on financial performance, investment decisions, business expansion, and resource allocation.
Evaluate the financial implications of proposed business initiatives, capital investments, and operational changes.
Develop long-term financial plans to support sustainable growth and profitability.
Identify financial opportunities, operational inefficiencies, and cost-saving measures.
Provide financial analysis to support strategic and commercial decisions.
Establish financial policies, procedures, and reporting frameworks across the organization.

Budgeting, Forecasting, and Financial Planning:

Lead the preparation of annual operating budgets and capital expenditure budgets.
Coordinate budget preparation with departmental heads and management.
Develop financial forecasts covering revenue, expenditure, cash flow, and profitability.
Monitor actual financial performance against approved budgets.
Investigate significant budget variances and recommend corrective actions.
Review departmental spending and ensure expenditures remain within approved limits.
Update financial forecasts in response to changing business conditions.
Provide management with regular budget performance reports.

Financial Reporting and Accounting Oversight:

Oversee the preparation of accurate and timely monthly, quarterly, and annual financial statements.
Ensure financial records are complete, accurate, and maintained in accordance with applicable accounting standards.
Supervise the preparation of profit and loss statements, balance sheets, cash flow statements, and management accounts.
Ensure proper reconciliation of bank accounts, general ledger balances, receivables, payables, and other financial records.
Review financial reports before submission to senior management.
Ensure appropriate accounting treatment and documentation of financial transactions.
Maintain reliable financial reporting systems to support informed decision-making.
Coordinate the preparation of financial information required by auditors, regulators, lenders, and other authorized stakeholders.

Cash Flow and Treasury Management:

Monitor cash flow to ensure the organization has sufficient funds to meet operational and financial obligations.
Develop cash flow forecasts and working capital management strategies.
Oversee banking relationships, payment arrangements, and treasury operations.
Monitor receivables, payables, debt obligations, and short-term liquidity requirements.
Ensure effective management of cash balances and bank accounts.
Establish appropriate controls over cash receipts, payments, transfers, and disbursements.
Identify potential liquidity risks and recommend timely solutions.
Ensure funds are utilized efficiently and in accordance with approved financial policies.

Financial Control and Internal Audit Coordination:

Establish and maintain effective financial controls to protect company assets.
Ensure financial transactions are properly authorized, recorded, and supported by documentation.
Identify weaknesses in financial processes and implement corrective measures.
Coordinate with internal auditors to review financial controls and operational compliance.
Ensure audit findings are addressed promptly and recommendations are implemented.
Monitor compliance with financial policies, approval limits, procurement procedures, and expenditure controls.
Investigate suspected financial irregularities and report significant findings to appropriate management.
Promote transparency, accountability, and ethical conduct in all financial activities.

Taxation and Regulatory Compliance:

Ensure compliance with applicable Nigerian tax laws and statutory financial obligations.
Oversee the preparation and timely filing of relevant tax returns and statutory submissions.
Coordinate tax planning and ensure tax obligations are accurately calculated and paid when due.
Monitor changes in tax legislation and financial reporting requirements that may affect the organization.
Maintain appropriate documentation for tax assessments, statutory deductions, and regulatory reviews.
Liaise with tax advisers, auditors, and relevant authorities when necessary.
Identify legitimate tax efficiencies while ensuring full compliance with applicable laws.
Ensure financial records are available for statutory inspections and tax audits.

Cost Management and Profitability Improvement:

Analyze operating costs and identify opportunities to improve financial efficiency.
Monitor departmental expenditure and investigate unusual cost increases.
Develop cost-control strategies that do not compromise product quality or service delivery.
Evaluate gross margins, operating margins, profitability trends, and financial performance.
Recommend appropriate pricing, procurement, and resource allocation strategies based on financial analysis.
Assess the financial performance of business units and major operational activities.
Support management in reducing waste, unnecessary expenditure, and avoidable financial losses.
Monitor the financial impact of operational decisions and recommend improvements.

Revenue Assurance and Receivables Management:

Chief Financial Officer (CFO)