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Head of Finance

  • Location: Lagos, Nigeria
  • Date Posted: 10-Mar-2017

Overview:

Our client is a top-tier full-service law firm that  provides world-class legal services to local and international clients. 

This role is responsible for helping secure the company's long term financial sustainability through sound and risk-conscious financial, investment and treasury management and control practices. The role provides strategic leadership and coordination to the Finance Department to achieve optimisation of financial resources and reduction of financial exposures, thereby maximizing returns on investment.

Detailed Job Description:

·       Formulates, updates and drives the delivery of the firm’s finance and investment strategy, policies and processes

·       Engages the Managing Partner, Heads of Practice areas and other Partners to develop short, medium and long term financial plans and projections

·       Takes responsibility for monitoring the external environment for developments, their financial implications for the business, potential financial risk factors and exposures and advising leadership as appropriate

·       Coordinates the budget preparation process by taking into consideration annual financial

goals, trends, projections and expected revenues

·       Ensures the preparation and submission of financial statements, financial reports and management reports at the appropriate time

·       Establishes measures and controls to ensure that all financial transactions are accurately captured and reported

·       Recommends financial policy, procedure and system improvements to the Partners, and drives effective implementation

·       Develops and maintains appropriate tax structures in compliance with statutory regulations and ensures prompt payment of tax, insurance premiums and other statutory fees and/or remittances

·       Identifies, appraises and advises leadership on viable and efficient options for maximising the firm’s funds

·       Manages investment assets to achieve optimal application and growth of funds

·       Manages the firm’s liquidity and cash flow to ensure availability of funds for the practice

·       Develops and manages key relationships with relevant bodies/contacts e.g. regulatory authorities, auditors, financial institutions and tax authorities

·       Establishes sound standards and procedures for internal and third party payments

·       Oversees the establishment of an effective debtor management system and policies

·       Reviews and approves the monthly payroll

·       Reports periodically to Practice Area Leaders and the Managing Partner on the financial performance of practice areas and the firm

·       Advises Partners on proposed projects financials, changes in financial regulations and /or market trends and their implications for the business

·       Engages with external auditors to ensure the annual audits are effectively conducted in line with agreed timelines

·       Provides assistance, support and training to staff and practice areas in areas of budgeting, billing, collections, forecasting, variance analysis and financial management

·       Sets and drives the execution of performance standards, goals and targets for Finance staff

·       Coaches Finance staff to deliver on their own performance goals and engages with HR to facilitate implementation of their approved development plan


Key Performance Indicators

·       Budget and Planning

·       Strategic Business Support

·       Financial Reporting

·       Financial Controls

·       Relationship Management

·       Tax Compliance

·       Treasury Management

Required Qualifications and Experience

·       Good first degree in Accounting, Finance, Economics or any business discipline

·       Relevant professional certifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA), Chartered Financial Analyst (CFA) or equivalent

·       Minimum of 12 years relevant post-qualification experience, with at least 4 in a management role in a reputable organisation

 

 

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