About this role
Eratek Consulting Limited
Key Responsibility
Tasks / Activities
Outcome Expected
Authority Level
Strategic Financial Leadership
Define and drive the Group's overall financial strategy, working capital planning, and long-term capital structure. Advise the MD/Board on financial implications of business decisions, investments, and expansion plans.
Board-approved financial strategy in place; strategic recommendations delivered ahead of key business decisions.
Full Authority
Financial Reporting & Consolidation
Oversee preparation of consolidated management accounts, quarterly financial statements, and annual audited accounts across all Group entities. Ensure accuracy, integrity, and IFRS compliance of all financial data.
Consolidated accounts delivered to Board within CBN and Group timelines; unqualified audit opinion annually.
Full Authority
Budgeting, Planning & Forecasting
Lead the Group-wide annual budgeting and rolling forecast process. Review and challenge entity-level budgets submitted by Finance Managers. Present consolidated budget and variance analysis to the Board.
Group budget approved by Board on schedule; material variances (>10%) explained to Board within 5 working days of month-end.
Full Authority
Treasury & Liquidity Oversight
Set Group treasury policy and oversee liquidity management, funding strategy, and placement decisions across entities. Approve significant treasury transactions and ensure compliance with CBN treasury guidelines.
Group liquidity ratio maintained above CBN minimum at all times; funding strategy reviewed quarterly.
Full Authority
Regulatory & Statutory Compliance
Ensure Group-wide compliance with CBN regulatory requirements, NDIC returns, FIRS/State IRS tax obligations (PAYE, WHT, VAT, CIT), Pension Reform Act 2014, NSITF, and ITF. Serve as principal liaison with CBN, external auditors, and tax authorities on financial matters.
Zero regulatory infractions; all statutory returns filed within deadline across all entities.
Full Authority
Risk Management & Internal Controls
Design and enforce Group financial risk management framework, internal controls, dual authorization limits, and segregation of duties. Partner with Internal Audit on control testing and remediation.
Clean internal and external audit findings on financial controls; no material control weaknesses reported.
Full Authority
Capital & Investor Relations
Manage relationships with shareholders, lenders, and regulators on capital adequacy and funding matters. Lead due diligence processes for capital raises, credit facilities, or new investment.
Capital adequacy ratios maintained above regulatory minimums; funding secured to support Group growth plans.
Full Authority
Team Leadership & Capability Building
Build and lead a high-performing Group finance function. Set performance objectives for Finance Managers and Treasury Managers across entities; drive standardisation of finance policies, systems, and reporting practices Group-wide.
Finance function fully staffed with clear succession pipeline; standardised finance policies adopted across all entities.
Full Authority
Requirements
- Minimum BSc/HND in Accounting, Finance, Economics, or related discipline; MBA or Master's in Finance is an advantage.
- ACA, ACCA, or ICAN membership required; CFA an added advantage.
- Minimum 10–12 years' post-qualification experience in financial management, with at least 5 years in a senior finance leadership role (CFO, Group Finance Director, or Head of Finance) within a CBN-licensed financial institution or diversified corporate group.
- Demonstrated experience managing finance functions across multiple business entities or subsidiaries.
- Strong knowledge of IFRS, CBN prudential and accounting guidelines, Nigerian tax law, and the Pension Reform Act 2014.
- Track record of engaging effectively with Boards, regulators, external auditors, and investors.
Application Closing Date
Not Specified.