Chief Financial Officer Media House

Department: Accounting Auditing & Finance

Grade Level: Executive Management

Reports to: Chief Executive Officer (CEO)

Direct reports to: Financial Controllers/Finance Manager

About Company: Our client is a renowned international media company that is aimed at becoming Africas most respected media brand across television mobile and web media.

The Company is looking to hire a seasoned CFO that will work alongside the Executive management team to achieve it short medium and long term financial goals.

Job Summary: As a key member of the Executive Management team the Chief Financial Officer will report to the CEO and assume a strategic role in the overall management of the company. S/he will be accountable for the financial and risk management operations of the company including the development of a financial and operational strategy metrics tied to that strategy and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

The financerelated activities of the company under the CFO s direct responsibility will include accounting finance forecasting strategic planning investor relationships and partnership compliance and private and institutional financing.

Key Responsibilities

Develop a reliable cash flow projection process and reporting mechanism that includes a minimum cash threshold to meet operating needs groupwide.

Develop and implement fundraising strategies to support the company s cash flow needs.

Monitor cash balances and cash forecasts and arrange for debt and equity financing

Invest funds on behalf of the company.

Evaluates and advise on the impact of longrange planning introduction of new programs/ strategies and regulatory actions.

Assist in formulating the companys future direction and supporting tactical initiatives

Ensure the credibility of the Finance group by providing timely and accurate analysis of budgets financial trends and forecasts

Develop financial and tax strategies

Manage the capital request and budgeting processes

Develop performance measures that support the companys strategic direction

Evaluate the finance division structure and team plan for continual

Improvement of the efficiency and effectiveness of the group as well as provide individuals with professional and personal growth with an emphasis on opportunities (where possible)

Participate in key decisions as a member of the executive management team

Provide executive management with advice on the financial implications of business activities.

Maintain indepth relations with all members of the management team

Oversee the financial operations of subsidiary companies and foreign operations

Manage any third parties to which financial functions have been outsourced

Oversee the companys transaction processing systems

Implement financial operations best practices

Supervise acquisition due diligence and participate in negotiating acquisitions

Oversee the issuance of financial information;

Personally review and approve all financial reports generated and prepared by direct reports;

Report financial results to the CEO.

Understand and mitigate key elements of the companys investment risk profile

Monitor all open legal issues involving the company and legal issues affecting the industry

Ensure that the company complies with all financerelated legal and regulatory requirements

Ensure that record keeping meets the requirements of auditors and government agencies

Be an advisor from the financial perspective on any contracts into which the company may enter and report all risk issues to the CEO

Maintain relations with external auditors and investigate their findings and recommendations

Participate in meetings with the investment stakeholders

Requirements

Masters degree in Accounting or Finance

Minimum of 15 years of experience in progressively responsible for the full financial functions of a major company or division of a large corporation

Further leadership experience in the Media space is highly desirable.

Candidate must have full membership of ICAN and exposure to IFRS (preferably with working knowledge of it).

Experience in treasury management is highly desirable.

Preference will be given to candidates with an MBA in Finance and membership of the Chartered Institute of Taxation of Nigeria (CITN).

High level of proficiency with at least two popular professional accounting software packages e.g ERP SAP Oracle NetSuite SAGE

Must be resident in Lagos or willing to relocate at short notice

Integrity: Being straightforward and honest which provides the basis of transparency and can be applied to various aspects of the CFO role such as ensuring information is prepared fairly honestly and in accordance with relevant professional standards regardless of whether it forms the basis of management information or external disclosures.

Objectivity: Not allowing professional or business judgments to be overridden by bias conflict of interest or the undue influence of others and taking reasonable care and judgment to maintain objectivity in the CFO s professional activities.

Professional competence and due care: Maintaining professional knowledge and skills to ensure the organization receives professional and competent service based on the requirements of various aspects of the role. In relation to stewardship this will involve ensuring the organization complies with all applicable legislative requirements.

Confidentiality: Not disclosing or using confidential information acquired as a result of a professional and business relationship outside the organization without authority or a legal or professional right or duty to disclose.

Professional behavior and professionalism: Not engaging in any action that discredits the accountancy profession and the CFO s professional reputation. Professional behavior requires compliance with relevant laws regulations and professional and ethical standards and being guided by the spirit of those laws and regulations as well as the wording.

Business Orientation: Delivering business insights requires CFOs to have a good understanding of the external and internal business environment including the complexities and challenges faced by various organizational functions as well as by the organization as a whole.

Business Performance Insight: In strategic performance management CFOs need to ensure that the F&A function supports strategic and operational functions and the delivery of business objectives and provide greater visibility and understanding of performance

Benefits