CFAO is currently recruiting a Chief Finance Officer to oversee its financial strategy and operations across its diverse business portfolio. As a leading multinational company operating in Africa and beyond, CFAO specializes in mobility, healthcare, consumer goods, and infrastructure, with a strong presence in over 40 countries. Rooted in a history dating back to 1887, the company combines local expertise with global standards to deliver innovative solutions. This role offers the chance to drive financial excellence and support CFAO’s continued growth in dynamic markets.
With a revenue of over €8.3 billion, access to 45 of the 54 countries on the continent, and near to 23,100 employees, we are a key player in mobility, infrastructure and energy, healthcare and, consumer goods.
The Group partners with leading international brands and covers the entire value chain – imports, production and distribution- in line with the best international standards, drawing on over 170 years of hands-on knowledge and local expertise.
We pursue a twofold strategy, focusing on manufacturing to promote local production, and distribution through its distribution network, Africa’s largest, to offer tailored, affordable products and services to people across the continent.
With Africa For Africa
You will be responsible for managing the subsidiary’s administrative and financial functions, as well as drawing up the company’s corporate and tax accounts, and you will be required to provide the financial indicators needed by the subsidiary’s general management.
Your areas of responsibilities and expectations will be the follow :
Strategy & Policy
- Contribute to strategic planning and development as a member of the executive team.
- Oversee the financial strategy planning/budgeting, monitoring, management, and reporting, including management and development of policies, systems, processes, and personnel involved.
- Ensure that accounting plans, goals, and policies are consistent with established organization-wide goals.
- Ensure Group policy related to this function is localized to suit the Nigerian environment.
Leading and Managing the Finance Function
- Lead and manage the day-to-day activities within the Finance function including general ledger, treasury management, payroll processing, credit control, and related reporting.
- Assures that accounting records are prepared and maintained in accordance with the organization’s accounting policies and related accounting principles and Group practices and that the subordinate ledger reconciles with the general ledger.
- Prescribes methods of providing accounting data for various reports and statements where the need does not follow the normal content of accounts.
- Directs maintenance of fixed asset records and related depreciation accounts; provides interpretative assistance as to the proper capitalization/expensing of outlays and grouping of fixed assets by class, as well as depreciation methodology.
- Collaborate with management to develop schedules, procedures, and systems to enable the timely and informative accumulation, adjustment, and reporting of financial data.
- Ensure integration of activities with other functions in order to effectively deliver on organizational objectives.
- Ensure that all employees within Assene Laborex are well informed of accounting policies procedures and regulations.
Finance Related Administration
- Perform the duties of the Company Secretary (e.g. statutory company administration responsibilities depending on relevant legal requirements).
- Oversee the auditing process and ensure that the audits are conducted. Act as the Liaison with external auditors.
- Responsible for the procurement of non-trade goods and services
- Responsible for identifying and negotiating with insurance providers in relation to goods, infrastructure, fixed assets, stationery, servicing of equipment, as well as non-trade insurance.
Supervisory Duties
- Participate in sourcing, recruitment, induction, and coaching of the Finance team, motivate to retain team as well as carry out performance appraisals for the Finance team.
- Assigns duties to and monitors activities of the team to ensure achievement of performance standards.
Competencies
Education and work experience : minimum Master’s degree with hands-on working experience.
Technical
- Knowledge and principles of Nigeria tax laws and other statutory regularities
- Ability to prepare budgets and projections.
- Ability to develop sales strategies
- Ability to assess business risk and advise accordingly.
- Broad knowledge of cash management, financial accounting, and corporate finance.
Personality
- Ability to think analytically, critically, and creatively.
- Ability to establish and maintain positive working relationships with others both internally and externally to achieve goals.
- Ability to understand the key business that affects profitability and growth and takes appropriate action to maximize profit.
- Ability to use appropriate interpersonal style and methods to guide individuals or groups toward task accomplishment at the supervisory level.
- Ability to hold self and others accountable for achieving results or goals.
Managerial
- Ability to identify and evaluate alternative solutions to problems.
- Ability to choose words and symbols that best communicate intentions
- Ability to take action to control direct and indirect costs.
- Ability to lead and inspire others.
- Ability to think ahead and identify potential problems or difficulties
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