Chief Financial Officer at a Reputable Educational Institution

A good academic Establishment is recruiting to fill the place under:

Job Title: Chief Monetary Officer

Location: Lagos

Employment Sort: Full-time

Job Abstract

The Chief Monetary Officer (CFO) will likely be a strategic and operational chief offering counsel to the Administration. The CFO will guarantee:

  • The environment friendly and efficient stewardship of the College’s bodily and monetary assets,
  • Environment friendly operation of assist companies,
  • Oversight of threat administration for the College, and
  • Undertaking administration for the campus grasp planning and future multi-building capital challenge initiatives.

Duties and Tasks

Strategic Monetary Administration:

  • Adopts a long-term perspective concerning the College’s funds whereas additionally cognizant of short-term wants; brings a complicated understanding of the monetary levers and dangers.
  • Offers correct, complete and clear monetary info to the senior administrative crew and Administration to tell precedence setting and helps information multi-year decision-making and long-term implications of capital investments.
  • Seeks modern approaches to assist the College’s strategic goals.

Operational Management:

  • Offers self-discipline and concentrate on effectivity, effectiveness, and steady enchancment of operational processes.
  • Helps main capital, expertise and deferred upkeep initiatives on campus, planning the scope and financing obligatory for them and serving as challenge supervisor for amenities and initiatives.
  • Manages and builds good rapport with employees throughout all ranges inside the group.

Collaborative Companion:

  • Demonstrates a consultative demeanor to construct rapport and set up credibility with all stakeholders.
  • Possesses a deftness of favor that solicits enter, listens nicely and incorporates suggestions, but could make selections.
  • Offers counsel and maintains shut relationships inside the establishment and neighborhood.
  • Engages school and employees in dialogue across the monetary goals and challenges of the College, conveying a powerful appreciation of the College’s mission and the necessity to make knowledgeable selections round competing priorities.
  • Appropriately delegates initiatives to his/her crew members and with a transparent set of agreed-upon goals.

Banking and Treasury Perform:

  • Worthwhile funding of extra funds
  • Guaranteeing the college’s compliance with all banking necessities to facilitate easy operation of its accounts
  • Monitoring the appropriateness of financial institution expenses of all classes throughout all accounts
  • Making ready mortgage proposals when required.


  • Preparation of the college’s annual finances for approval by the Administration
  • Chargeable for efficient implementation of the monetary finances
  • Finishing up periodic finances efficiency analysis
  • Escalating appropriately any antagonistic or unexpected finances efficiency.

Monetary Administration:

  • Put in place methods to make sure the correct administration of working capital (together with credit score management by preserving receivables to a minimal), and likewise be certain that the college maintains acceptable working capital ratios.
  • Monitoring and advising on the college’s money stream place and pattern
  • Advising on and instituting value discount methods
  • Reporting on the college’s enterprise and monetary efficiency
  • Guaranteeing that the college has worth for cash in buying and procurement, and in live performance with different related features, be certain that bodily belongings are maintained in a state to serve the college successfully for his or her projected lifetimes.


  • The Chief Monetary Officer is accountable for all accounting features together with journal postings, sustaining the final ledger, preparation of administration and last accounts, billing and invoicing, amongst different sundry accounts features.
  • Guarantee that there’s a correct construction in place to report and account for all tangible belongings owned by the college.


  • Guaranteeing that the college complies with processes, controls and procedures specified within the Monetary Handbook and the Administration Working Handbook particularly in key capital and operational expenditure areas similar to Capital purchases, Tasks and Procurement.
  • Offering coaching, assist and steering to employees as required to make sure the capability is constructed that can allow adherence to prescribed compliance necessities
  • Guaranteeing that each the Monetary Handbook and the Administration Working Handbook are up to date as required and that they mirror the college’s present wants and working realities.

Exterior Relationships:

  • Sustaining relationships with applicable exterior contacts together with the college’s bankers, exterior auditors, and tax authorities.

Regulatory Issues:

  • Make sure that the college is compliant with all tax regulatory necessities at Federal and State ranges together with (Company, Employees PAYE, Withholding taxes, VAT and another related taxes and levies), and any funds due are paid over
  • Guarantee the college makes all required statutory deductions (together with Pension) on the applicable time and that such deductions are instantly paid over to the related authorities.

Qualification and Work Expertise

The CFO should fulfill the next minimal {qualifications}:

  • First diploma in Accounting / Banking & Finance / Statistics or its equal. An MBA will likely be an added benefit.
  • Membership of a recognised skilled physique of Accountants e.g. ICAN
  • 10-17 years’ whole expertise in monetary management roles with

Abilities and Competencies:

  • Robust analytical expertise and a deep information of Accounting and Finance, Price
  • Management, Payroll, Threat Administration and related Regulatory issues. The CFO
  • also needs to have demonstrable working information of Administration and Amenities.
  • Glorious IT expertise and information of accounting software program
  • Expertise main and managing a crew together with hiring, efficiency administration, coaching {and professional} improvement
  • A robust enterprise orientation; together with setting short- and long-term priorities and charting an knowledgeable, sustainable and impressive future, matched with the power to successfully talk the short- and long-term monetary implications of selections to stakeholders
  • Expertise working in, or publicity to, a faculty setting and/or non-profit group is fascinating however not required
  • Robust technological functionality, together with experience with enterprise-wide monetary programs.

Software Closing Date

thirtieth October, 2020

The right way to Apply

and certified candidates ought to submit their CV to: [email protected] utilizing “Chief Monetary Officer” as the topic of the e-mail

Be aware: Please don’t apply to this place for those who didn’t meet the necessities.

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