FINANCIAL INSTITUTION VACANCY!

Our client is an international financial institution with national operations in Nigeria. The bank has over 30 branches across the country and is headquartered in Lagos. Our client is one the leading players in its sector and has won several industry awards for its excellent services.

The bank is looking for top talent to fill the following vacancy urgently:

Chief Financial Officer (CFO)

Reports To: The Managing Director/CEO

Location: Head Office, Lagos, Nigeria

The successful candidate will have responsibility for the financial control and reporting functions of the bank, as well as following functions:

  • Treasury
  • Financial Management
  • Tax Management
  • Investment Management


  • Oversees the company’s overall finance function.

  • Develops/supervises the development of strong and effective business strategies and plans.

  • Prepares the Company’s annual budget and communicates approved performance targets to all stakeholders.

  • Advises the CEO on major financial decisions and ensures the proper execution of/compliance with the Company’s laid down financial policies, guidelines and processes.

  • Periodically assess the Company’s financial management needs and current capabilities; determines pro-actively gaps and develops plans to bridge/meet financial needs.

  • Develops effective financial systems to facilitate management decision-making.

  • Oversees budgeting, budgetary review, financial controls, reporting and other financial management processes.

  • Organizes the finance function as may be required from time to time to ensure close alignment to business needs and changes in processes.

  • Oversees the design and implementation of processes that provide business managers the necessary financial data to make decisions and monitor performance.

  • Ensures the effective management of the Company’s financial resources.

  • Ensures all periodic external reporting obligations are met on timely basis.

  • Ensures the continued integrity of the Company’s cash, receivables, and payables management activities.

  • Handles and in some cases will lead, major financial negotiations, review and advise on large contracts, strategic alliances and preferred vendor arrangements to ensure Company interests are adequately protected, and objectives achieved within budget provisions.

  • Monitors Company’s operating performance and overall financial health using established corporate business performance metrics.

  • Enforces financial discipline/guidelines and controls across the company, and especially amongst management.

  • Ensure the development of strong finance capability (an ability to translate business decisions into numbers/financial metrics and to understand the implications for financial performance) across the Company.

  • Provides leadership in the development of staff policies, training and performance measurement.

  • First degree or its Equivalent, preferably in a numeric discipline e.g. Accounting, Economics, Business Administration or in a related field.

  • A post-graduate degree or its equivalent in any discipline. An MBA or any other related professional qualification is required.

  • Relevant professional qualifications/affiliations such as ICAN, CIBN, CFA, ACIB etc.

  • A minimum of 15 - 20 years diverse experience (i.e. banking, insurance, microfinance, etc.) as well as experience in multi-functional roles within the industry.

  • Minimum of 10 years senior management experience within the financial services industry.

  • Prior microfinance experience is desirable, particularly within a microfinance bank with international ties.

  • Prior board-level experience/ experience reporting to a board/ board committee.

  • Strong communication skills.

  • Knowledge and understanding of the Nigerian financial services market.

  • Good product development and portfolio management capabilities.

  • Excellent customer relationship development/management skills.

  • Knowledge and understanding of commercial financial products.

  • Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions.

  • Must have a high sense of responsibility, accountability, integrity and ethical standards.

  • Must have strong business acumen, maturity and tact, including the ability to relate with highest levels of management of financial institutions.


If you meet these requirements and would like to join the team, please send your resume to jobs@woodridgeandscott.com along with a short statement on why you would be the best person for the job.