Head of Finance at Hubmart Stores Limited

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    Hubmart Stores Limited is a retail shopping chain of Nigerian heritage, offering multi-format stores in various locations and positioned to offer customers world-class shopping experience as well as a vast range of products. Our unique value proposition lies in our excellent customer service as well as our superior capabilities in the fresh categories.
    Hu…

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    Head of Finance

    • Job Type Full Time
    • Qualification BA/BSc/HND
    • Experience 10 years
    • Location Lagos
    • Job Field Finance / Accounting / Audit&nbsp

    Location: Victoria Island, Lagos

    Key Responsibilities
    Financial Management:

    • Manage all finance functions with full authority over treasury, tax, statutory and management accounting, financial control, and internal and external reporting
    • Implement policies to effectively manage working capital including cash utilization, accounts receivables, accounts payables and inventory.
    • Oversee the preparation and delivery of reliable, accurate and timely financial reports to the Board of Directors, senior management team, investors, and other stakeholders
    • Review and analyze monthly financial results and provide recommendations
    • Develop performance measures and monitoring systems that support the company’s strategic direction
    • Facilitate the annual budgeting process of the entire organization by working with other departments to develop budgets for the group, facilities, and corporate departments
    • Provide accurate reporting on key performance measures and monitoring systems and provide actionable recommendations
    • Institute policies to ensure the accuracy, completeness, integrity, and appropriateness of financial information
    • Manages relationships with relevant external bodies/contacts e.g. regulatory organizations, external auditors, banks etc.

    Corporate Finance:

    • Evaluate the organization’s fund raising plans and capital structure and make recommendations to senior management
    • Build and update financial models for fund raising process using the unit economics of the business
    • Lead strategic financing options and processes for both debt and equity financing.
    • Serve as the focal point for investors relations and send regular fund statements to board through the CEO.
    • Oversee the computation of key financial metrics on all facilities and projects including ROI, NPV, IRR and payback period
    • Develop cash flow projections and ensure cash flow is appropriate for the organization’s operations and planned investments

    Risk Management:

    • Identify and manage key business and company risks and insurance requirements
    • Maintain and ensure compliance with the documented system of finance policies and procedures across the group
    • Report risk issues to the Audit Committee of the Board of Directors
    • Responsible for audit reviews of business units, financial and management processes and systems to ensure compliance with company policies and procedures.
    • Supervise and coordinate the preparation and implementation of annual internal audit plans /programs and endure adherence to plans.

    Finance Operations:

    • Lead all operations including but not limited to Corporate Finance, Financial Control, Audit, Treasury & Finance Operations, Tax and Financial Planning & Analysis.
    • Lead all relevant 3rd party relationships including investors, banking relationships, auditors etc
    • Build, develop, evaluate and retain a highly-qualified team of finance professionals.
    • Ensure that the organization has strong control systems with clear policy violation guidelines.

    Leadership And Team Development:

    • Foster a culture of transparency and accountability in the Finance department.
    • Develop and maintain a plan that provides for succession and continuity in the most critical Finance positions.
    • Create, implement and maintain a continuous improvement and control plan for overall business operations, while supporting the finance teams to meet business needs.

    Start-Up Environment:

    • Thrives in a fast-paced, start-up environment with dynamic business priorities.

    Detailed Orientation and Managing Complexity:

    • Extensive experience leading a complex organization and passion for getting into details to identify root cause of issues and create innovative solutions

    Qualifications

    • First degree in related discipline- Accounting, Finance, Economics.
    • Minimum of 10 years working experience with 5 years Management Position
    • Prior experience with investor relations and capital raising
    • Advanced computer skills,including proficiency in MS office, ERP systems and Business intelligence software
    • Must be a Chartered accountant ACCA, ICAN, CFA
    • Advanced financial modelling skills
    • Deep understanding of IFRS and financial reporting tools

    Method of Application

    Interested and qualified candidates should send their Applications to: hr.hubmart@gmail.com using the Job Title as subject of the email.

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