Baobab is a leading digital financial inclusion group focusing on serving individuals, micro and small businesses in Africa and China. Founded in 2005 as Microcred, today Baobab has over 700,000 customers and 3,800 employees in Madagascar, Senegal, Nigeria, Ivory Coast, Mali, Tunisia, Zimbabwe, Burkina Faso, the Democratic Republic of Congo and China.
We are recruiting to fill the position below:
Job Title: Principal Chief Financial Officer (M/W)
Location: Nigeria
Job Descriptions
- The Chief Financial Officer (CFO) shall be responsible for representing Baobab with the subsidiary’s shareholders, administrative and financial institutions as well as tax authorities and generally participate in the implementation of Baobab’s strategy.
- The Subsidiary’s Chief Financial Officer will have the Group Chief Financial Officer as line manager but will also report to the CEO of the subsidiary on a functional basis.
Main Areas of Responsibility
Management and supervision:
- Ensuring compliance with group policies, procedures and processes relating to internal control, the protection of corporate assets, fraud prevention, reporting and accounting principles as well as regulation;
- Supervising finance teams;
- Supporting the top management in the discussions with local financial partners;
- Being a business partner for the subsidiary’s COO and CEO;
- Optimizing relations with investors and third parties concerning the financial and administrative aspects;
- Ensuring compliance with regulatory ratios;
- Meeting deliverables and deadlines set by the Group financial department.
Strategy, financial planning and management control:
- Defining, in collaboration with the subsidiary’s top management, the strategic and financial planning of the Baobab subsidiary, through the development of business plans, budgets as well as realistic and documented forecasts under the Group standards;
- Managing the subsidiary’s budgetary control;
- Supervising the provision of detailed financial analyses and information necessary for the business management to the operational teams;
- Contributing to the optimization of performance management and the production of regular action plans for better performance;
Reporting:
- Ensuring the quality, completeness and timeliness of the group reporting as well as the associated analyses under the group standards;
- Ensuring the quality and completeness of the information submitted to local authorities;
- Contributing to the development of action plans to achieve the subsidiary’s financial objectives;
Accounting:
- Ensuring the reliability and integrity of the accounts and financial reports;
- Supervising and controlling the preparation of the company’s monthly accounting statements in due time;
- Supervising the preparation of the annual financial statements in due time under the local and group standards (IFRS);
- Managing the missions of the auditors appointed by the General Meeting to certify the accounts;
- Ensuring the subsidiary's tax compliance;
- Ensuring the proper functioning of the accounting IT system
Treasury:
- Negotiating and managing the relations with financiers with the support of the Group Treasurer;
- Defining the detailed cash forecasts based on the annual financial plans;
- Controlling the subsidiary’s funding level and proposing improvement areas for cash management (and reduction in funding costs).
- Proposing alternative sources of funding to develop local funding with banking and non-banking partners where possible.
Others:
- Participating in any group cross-cutting project for the finance components;
- Making proposals to optimize the finance information systems.
Professional Profile
- The CFO should have a relevant prior experience, where possible, in fast-growing companies on the subsidiary’s market or similar markets. He/she should be experienced in supervising treasury, accounting and management control functions.
Specific Skills
- Master’s degree in Finance, Audit, Accounting
- Minimum of 5-10 years of experience in similar functions in comparable markets;
- Fluency in English; working knowledge in French.
Sorry the application deadline for this job has elapsed
