KPMG is an international organization that started operations in Nigeria in 1978. KPMG is one of the biggest four auditing firms in the world. The acronym KPMG stands for Klynveld, Peat, Marwick and Goerdeler respectively. Piet Klynveld founded the accounting firm KlynveldKraayenhof & Co.
Job Title: Chief Financial Officer
Ref #: 2023
Detailed Job Description
The Chief Financial Officer (CFO) will be responsible for ensuring effective and efficient management of the company's financial resources and ensure that all the goals and objectives set by the Board of Directors for the business is achieved.
The CFO will act as a strategic partner to the Managing Director/Chief Executive Officer and translate the overall corporate strategy into financial and business plans and projections.
He/ She will be responsible for overseeing tax planning to optimize the company's tax position and ensure tax compliance accordingly.
The Role
Reporting to the Managing Director, the CFO will be responsible for building and managing effective and streamlined operations, processes and systems relating to finance, accounting, treasury and Internal Control.
The CFO will focus on strengthening his/her team's capacity to develop, implement and manage cost effective and efficient policies/practices, with particular attention to rigorous internal control systems and procedures.
Responsibilities
Financial Management:
Ensuring the success of each program through cost analysis support and compliance with all contract and program requirements.
Ensuring that all government regulations and requirements are disseminated to appropriate personnel.
Determine the optimal structure that will best deliver on the financial services, obligations and commitments of the organization.
Assess and fully develop the financial systems of the organization to superior levels of service and functionality for all customers served by the finance department.
Develop financial processes that proactively and strategically establish the highest levels of benchmarks and performance for the total organization in cooperation with the executive team and field operations.
Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes the minimum cash threshold to meet operating needs.
Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee financial management for sub-awards and programs.
Monitor banking and investment activities of the organization.
Financial Reporting:
Work with the Managing Director and Executive team to develop financial strategy and ensure the organization’s targets are met or exceeded.
Assess organizational performance against both annual budget and long-term strategy.
Develop tools and systems to provide critical financial information to the executive management team.
Oversee long-term budgetary planning and cost management in alignment with organization’s strategic plan.
Participate in developing new businesses, specifically: assist the Chief Supply Chain Officer and Chief Operating Officer in identifying new funding opportunities.
Provide timely and insightful analysis of financial results and forecasts, analyses the allocation of costs and provide key metrics to the management team to enable them effectively run the organization.
Ensure that the Finance & Accounts Department prepares and sends periodic reports (monthly, quarterly, and annually) to donors and partners as required which comply with all local and donor-specific financial guidelines.
Engage the Board Audit Finance and Corporate Governance Committees on issues, trends and changes in operating models and financial systems.
Assist in establishing yearly objectives, meeting agendas as well as selecting and engaging outside consultants (auditors and investment advisers).
Advocacy and External Relations:
Develop successful and trusting relationships with donors, partners and other stakeholders and create and sustain an environment that supports these relationships.
