Job Opportunity at Teclab Management Services Limited

Teclab Management Services Limited, is a specialist Consulting firm dedicated to Human Resource Services and Management. Founded on a philosophy and style that has positioned her to consistently provide a reliable and effective work force as well as manage total overhaul, re-engineering and training services to her numerous clients since 2006.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Lagos

Responsible for
  • Coordinating all financial aspects of the Group and subsidiary operations as well as implementing appropriate framework and controls for inbound and outbound financial transactions.

Job Purpose

  • To provide seamless and effective management of the Group’s financial resources, business forecasting and financial guidance that strengthen the Group’s business operations and fosters superior financial performance and growth.

Key Accountabilities

  • Responsible for overall finance and accounting activities of the Group and ensuring that all relevant financial records are maintained appropriately.
  • Conducting business and financial strategy, planning, monitoring, management and coordination of the Group’s budgeting and business planning initiatives. Provide management information analyses of financial situations on a periodic and ongoing basis.
  • Ensure best financial practices are implemented across the Group, whilst actively encouraging all internal stakeholders to consistently recommend enhancements and solutions as identified.
  • Consistently produce accurate reports on Group and subsidiary financial status by collecting, interpreting, and reporting financial data in a timely manner.
  • Develop, implement and enforce key finance and accounting processes and procedures (including budgeting, management & financial accounting/reporting) for approval by management and coordinate the preparation of financial statements in accordance with Nigerian accounting practices.
  • Ensure the Group and subsidiaries’ finance team(s) operate with modern finance tools and spearhead the management and improvement of policies, systems and processes.
  • Develop and implement modern cost-effective accounting systems which will meet the challenges and objectives of the Group.
  • Actively support management to ensure efficient operations and growth of the Group as well as manage/control Group operating and capital expenditure within agreed budgets/limits.
  • Anchor and coordinate monthly and/or periodic management performance review/reporting packages, as well as concomitant analyses:
    • Monthly, quarterly and annual budgeting and variation reporting to identify areas requiring attention and possible improvement.
    • Support budget objectives by scheduling operating and capital expenditure; analyzing variances; and initiating corrective action.
  • Protect the Group’s assets by establishing and monitoring an up-to-date Assets Register for all subsidiaries as well as enforcing compliance with all Internal Control guidelines:
    • Ensure reconciliation of the Assets Register and Ledger with depreciation charge.
    • Ensure availability of capital allowance schedule recording/classification of fixed assets.
  • Supervise and maintain output of staff of finance department, through coaching, counseling, disciplining; planning, monitoring, and performance appraisal
  • Ensure completeness, accuracy and correctness of all treasury records and reports.
  • Manage the bank and treasury processes of the Group and subsidiaries as well as oversee the management of liquidity and prepare reports on liquidity position.
  • Implement all billing, payment and payroll processes and ensure robustness of the applicable internal controls covering these processes.
  • Function as internal anchor for the capital raising activities of the Group.
  • Provide financial analyses and evaluation to support contracting processes of the Group and subsidiaries as well supporting the negotiation of commercial terms with key vendors, contractors and third-party suppliers.
  • Cultivate and maintain good relations with all relevant statutory agencies and ensure Group operations total compliance with regulations.
  • Anchor periodic meetings with government/regulatory agencies e.g. FIRS, LIRS etc,, as and when required and consistently strive to ensure progressive and positive outcomes (from such meetings) for the Group, whilst promptly following-through with actionable steps – at all times.
  • Ensure proper, comprehensive, prompt and timely reports and accounts rendition – as per statutory, regulatory and legal requirements and timelines (including but not limited to taxation, dividends, annual reports/accounts), management of financial communication strategy and liaison with various capital market stakeholders, business press and business analysis communities.
  • Prepare and manage a prompt and efficient remittance timetable/plan for all types of taxes and statutory deductions (VAT, Company Income Tax. Withholding Tax. PAYE, pensions, Censors Board, Copyright Commission, Insurance Underwriters etc).
  • Liaise with the Group’s and/or subsidiary external auditors, financial and tax consultants as necessary.

Person Specification

  • Robust knowledge of internal control systems and implementation of such controls
  • Expert level financial analysis skills
  • 10 years of experience, with 5+ years of financial management experience
  • Graduate degree and/or a recognized Finance/Accounting qualification (i.e. ACA/CPA, CMA or CFA) an MBA with Finance specialism will be an added advantage

Key Experiences:

  • Business strategy
  • Business partnering
  • New business
  • Team leadership
  • Experience with launching new businesses and changing overall business strategy
  • Extensive experience of pricing and negotiation
  • Experience in both IFRS and local GAAP accounting standards

Application Closing Date
5th May, 2017.

How to Apply
Interested and qualified candidates should forward their CV’s to:

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