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Chief Financial Officer (CFO), FINCA Nigeria

Job Description



The Chief Financial Officer (CFO) is directly responsible for managing all finance and accounting activities of FINCA Nigeria, and supervises all its finance staff. S/he will ensure that the finance activities of FINCA Nigeria will support FINCA Nigeria in pursuing its mission with a minimum of risk and a maximum of efficiency. As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA Nigeria, and participates in making decisions on material issues.


ESSENTIAL DUTIES include the following. Other duties may be assigned.


Manage generation of financial statements according to local accounting standards


Manage timely reporting to relevant local authorities (central bank, tax office, etc.)


Manage timely reporting to F/I and hub


Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing FINCA Nigeria’s activities: identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, and reverse negative tendencies


Create/modify procedures such that they are low-risk and efficient


Ensure compliance of FINCA Nigeria with financial covenants in agreements with creditors and donors


Create cash flow forecasts


Ensure availability of sufficient resources for lending in the required currency


Manage all financial transactions with creditors, banks, donors


Manage the planning and budgeting process of FINCA Nigeria


Act as the coordinator and main contact person with external auditors


Keep all Management Team/Board members informed about relevant issues/developments in FINCA Nigeria's finance activities and department


Participate/vote in decision-making (with Management Team/Board Members) on relevant “Finance” and “Non-Finance” issues


Manages relationships with all Lenders, both local and external, in concert with the CMG Team in HQ.


Manage the ALCO Process as the principal representative of the local subsidiary.

Specialist Experience




Supervise all finance staff of FINCA Nigeria. For finance staff located in branches, the CFO retains the “professional responsibility”, whereas the “administrative responsibility” is transferred to the branch manager


Responsible for hiring/evaluating all finance staff (for branch employees: professional responsibility only; administrative responsibility is with branch manager), and their dismissal, if necessary


Assess the training requirements for the Finance Department as a whole and for its individual employees, and develop a capacity building plan for the Department and its individual employees


Preparation of staff to assume management positions


Conduct performance evaluations of the staff reporting to him/her and verify that the supervisory personnel also perform evaluations of their staff in a timely manner according to established procedures





Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.


Managing People - Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.; Continually works to improve supervisory skills.


Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.


Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.


Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.


Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.





Extensive experience in best-practice financial management of a company, desirably a financial institution.


Outstanding interpersonal, communication and training skills.


Strong business management and negotiating skills.


Excellent technical report writing skills and computer literacy.


Strong analytical and organizational skills.


Good understanding of IT issues and the role and possibilities of IT in financial management.



Education & Experience


Master’s Degree in Business, Finance, Economics, Management or Marketing (or equivalent work experience)


CPA, or Chartered Accountancy qualification (desirable)


Banking experience, or experience working in a regulated financial instution (required)


Experience working in Nigeria (required)



Language Skills


Fluency in English





Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; other as required/appropriate


Ensure compliance of FINCA Nigeria's finance activities with the Charter/bylaws of the subsidiary; FINCA and subsidiary policies, procedures, plans and agreements; decisions of subsidiary governing bodies as well as headquarter and regional office supervisor(s); maintain good coordination with regional office, headquarters, and governing bodies


Present relevant “Finance” issues to the Management Team/Board for information, discussion, decision making





Subsidiary Chief Executive Officer

Subsidiary Chief Operations Officer

Global Chief Financial Officer

Subsidiary finance team




Availability and willingness to travel up to 25% of the time




Ability to travel in economy class when traveling by air or rail.

Please note that all information in this job description is accurate at the time of posting.  Please be aware that companies may change details and/or closing dates without notice.

Job Summary

  • Nigeria
  • Finance
Job Type
  • Negotiable
15 December 2014
Applications Deadline
05 February 2015

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