Reports To: Group Managing Director/Chief Executive Officer CEO
Job Summary
- The Chief Financial Officer CFO will provide strategic financial leadership and oversee all financial operations of the company, ensuring financial sustainability, profitability, and long-term growth.
- The role is responsible for financial planning, treasury management, project financing, investment analysis, financial reporting, risk management, and corporate governance across the company's real estate development portfolio.
- The ideal candidate will possess extensive experience in real estate finance, project financing, capital raising, and financial strategy, with a strong understanding of the Nigerian real estate market and regulatory landscape.
Key Responsibilities
Strategic Financial Leadership:
- Develop and implement the company's financial strategy in alignment with business objectives and growth plans.
- Serve as a strategic advisor to the CEO and Board on financial and investment matters.
- Lead long-term financial planning, budgeting, and forecasting processes.
- Drive business profitability and optimize capital allocation across projects.
Financial Planning & Analysis:
- Prepare and manage annual budgets, financial forecasts, and cash flow projections.
- Conduct financial modelling and feasibility studies for new real estate developments and investments.
- Monitor project profitability, return on investment ROI, and internal rate of return IRR.
- Provide financial insights and recommendations to support strategic decision-making.
Treasury and Cash Flow Management:
- Oversee the company's treasury function and manage liquidity across multiple projects.
- Develop and implement robust cash flow management strategies.
- Ensure adequate working capital to support ongoing and future developments.
- Monitor and optimize the company's capital structure and financing arrangements.
Project Finance and Capital Raising:
- Structure and secure financing for real estate development projects through banks, investors, private equity firms, and financial institutions.
- Negotiate loan facilities, project financing agreements, and investment partnerships.
- Manage relationships with lenders, investors, and financial stakeholders.
- Evaluate and execute alternative funding strategies to support business expansion.
Financial Reporting and Compliance:
- Ensure timely preparation of monthly, quarterly, and annual financial statements.
- Ensure compliance with IFRS, tax regulations, and all statutory reporting requirements.
- Present financial reports and performance updates to the Executive Management Team and Board of Directors.
- Coordinate internal and external audits and ensure the implementation of recommendations.
Risk Management and Internal Controls:
- Develop and implement robust financial controls and risk management frameworks.
- Identify and mitigate financial, operational, and investment risks.
- Manage foreign exchange exposure and interest rate risks where applicable.
- Ensure compliance with corporate governance policies and regulatory requirements.
Investment and Portfolio Management:
- Conduct investment appraisals and due diligence for acquisitions and development opportunities.
- Evaluate the financial viability of proposed projects and investments.
- Monitor project performance against approved budgets and financial targets.
- Provide recommendations on asset optimization and portfolio growth strategies.
Team Leadership and Stakeholder Management:
- Lead, mentor, and develop the finance and accounting teams.
- Foster a high-performance and accountability-driven culture within the finance function.
- Build and maintain strong relationships with investors, financial institutions, regulators, and external advisors.
- Collaborate effectively with other business units to achieve organizational objectives.
Key Performance Indicators KPIs
- Revenue and profitability growth.
- Project ROI and IRR achievement.
- Cash flow adequacy and liquidity management.
- Capital raising and financing success rate.
- Budget adherence and cost optimization.
- Timely and accurate financial reporting.
- Reduction in financial and operational risks.
- Compliance with statutory and regulatory requirements.
- Working capital efficiency.
- Investor and stakeholder satisfaction.
Qualifications and Requirements
Education:
- Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
- Master's degree MBA, MSc Finance, or related field is highly preferred.
Professional Certifications
- ACA, ACCA, CPA, or equivalent professional accounting qualification is required.
- CFA certification will be an added advantage.
Experience
- 8-15 years of progressive finance experience, with at least 7 years in a senior financial leadership role.
- Experience within the real estate, property development, construction, or infrastructure sector.
- Demonstrated experience in project financing, capital raising, investment management, and treasury operations.
- Proven experience managing large-scale real estate development projects and complex financial transactions.
