Head of Finance

Head of Finance

Domeo Resources International (DRI) is a prolific organization that proffers HR and Management Consultancy solutions premised on excellence and innovation.

Head of Finance

• Job Type Full Time
• Qualification BA/BSc/HND , Professional Certificate
• Experience 10 - 15 years
• Location Abia , Abuja
• Job Field Finance / Accounting / Audit

Reports to: Group Managing Director / Group CEO / Board

Direct Reports: Head Accountant, Chief Accountants, Finance Managers, Treasury Officers, Financial Analysts and other Finance personnel across the Group

Main Function

Group is responsible for the overall financial management, treasury operations, funding strategy, financial planning and capital management of the Group and its subsidiaries.

The Group's subsidiaries operate across Hospitality and Real Estate, creating a diverse financial structure involving hotel and hospitality operations, restaurants, events, property development, property management, rental income, property acquisitions, construction expenditure and other real estate investments.

The Head of Finance will ensure that the Group maintains adequate liquidity, optimises the use of available funds, manages banking relationships, sources appropriate financing and supports the Group's growth through effective funding and financial planning.

The role will lead the Group's treasury function, including cash management, liquidity planning, banking relationships, debt management, financing arrangements, investment of surplus funds and monitoring of financial obligations.

The Head of Finance will also lead the development of funding strategies for new and existing projects, particularly real estate developments and hospitality investments, and will identify and engage banks, financial institutions, investors, development finance institutions and other legitimate funding sources.

The role will work closely with the Head Accountant, subsidiary management teams, project teams, legal advisers, auditors, banks, investors and other stakeholders to ensure that the Group's financial resources are properly managed and deployed towards its strategic objectives.

Role Responsibilities

• Develop and implement the Group's overall financial strategy in line with its business objectives.
• Provide financial guidance to Management and the Board on business expansion, investments and strategic decisions.
• Develop financial plans that support the growth of the Group's Hospitality and Real Estate subsidiaries.
• Evaluate the financial implications of major business decisions and investments.
• Develop strategies for improving profitability, liquidity and long-term financial sustainability.
• Monitor the Group's financial position and recommend appropriate strategic actions.
• Support Management in evaluating new business opportunities, acquisitions, developments and investments.

Treasury Management

• Lead the Group's treasury function and overall cash management activities.
• Develop and maintain effective Group-wide cash management procedures.
• Monitor cash balances across all subsidiaries.
• Prepare consolidated cash flow forecasts and liquidity projections.
• Ensure that sufficient funds are available to meet operational and investment requirements.
• Monitor cash inflows and outflows and identify potential liquidity gaps.
• Optimise the allocation and utilisation of Group funds.
• Monitor surplus cash and recommend appropriate short-term investment options within approved policies.
• Establish appropriate controls over bank accounts, cash movements and fund transfers.

Funding and Capital Raising

• Lead the identification, evaluation and sourcing of funding opportunities for the Group.
• Develop funding strategies for hospitality operations, real estate developments, acquisitions and other strategic projects.
• Identify suitable banks, financial institutions, investors, development finance institutions and other funding partners.
• Prepare funding proposals, financial models, information memoranda and other financing documentation.
• Lead discussions and negotiations with potential funding partners within delegated authority.
• Evaluate different financing structures, including debt, equity, project finance and other appropriate funding arrangements.
• Assess the cost, tenure, repayment requirements, security and risks associated with proposed financing.
• Recommend appropriate funding structures to Management and the Board.
• Coordinate the execution of approved financing arrangements.
• Maintain a pipeline of potential funding sources for current and future Group projects.

Banking and Financial Institution Relationships

• Establish and maintain strong professional relationships with banks and financial institutions.
• Serve as a key point of contact between the Group and its financial partners.
• Negotiate banking terms, facilities, interest rates, fees and other commercial terms within approved authority.
• Review existing banking arrangements and recommend improvements.
• Monitor the Group's bank facilities and financial obligations.
• Evaluate opportunities for restructuring or refinancing existing facilities.
• Ensure the Group receives appropriate banking services and support.
• Maintain an up-to-date database of banking relationships, facilities and commitments.

Debt and Financing Management

• Maintain oversight of all Group loans, overdrafts, credit facilities and other financing arrangements.
• Monitor principal and interest repayment schedules.
• Ensure timely fulfilment of approved debt obligations.
• Monitor debt maturity dates, interest rates, fees, covenants and security requirements.
• Prepare debt servicing forecasts.
• Identify refinancing requirements well ahead of facility maturity.
• Analyse the Group's debt position and recommend appropriate financing strategies.
• Monitor the overall cost of borrowing and its impact on Group profitability.
• Ensure proper documentation and reporting of all financing arrangements.

Real Estate Project Funding

• Develop funding strategies for real estate acquisition and development projects.
• Assess the financing requirements of individual property developments.
• Prepare project financial models, cash flow projections and funding requirements.
• Evaluate project viability, expected returns and financing costs.
• Work with Project Management and Real Estate teams to establish project budgets and funding schedules.
• Identify suitable financing structures for property developments.
• Engage banks, investors and other funding partners for approved projects.
• Monitor the utilisation of project fu