Posted on :
28 Aug, 2018
28 Aug, 2018
Lancaster University Ghana (LUG) is looking for a dynamic, enthusiastic and self-motivated individual with passion to fill the position of
Job Title: Chief Finance Officer.
The Chief Finance Officer, oversees the management of businesses from a Financial Control, Treasury (Cash Management), Governance, and Financial Strategy & Forecasting perspective.
Finance: the role entails the overseeing of financial record keeping, company legal and secretarial compliance for all group entities
Treasury/Banking: Oversee and monitor cash management and banking function and cash flows for all entities.
Financial Strategy: Participating in new business development efforts, and ensuring that all new business efforts are aligned with the strategy, risk and compliance portfolio of the Company.
Governance: Ensure compliance of all financial policies, statutory audits and take actions in the best interest of company.
Reporting: the position requires collaboration across departments and reports directly to the Vice Chairman/Board of Directors and administratively to CEO’s.
Duties and Responsibilities
Oversee the Finance department and ensure all reporting is done in terms of International Financial Reporting Standards (IFRS);
Prepare financial statements; oversee audit for operating entities and at group level and report back to board of directors;
Consolidate financial statements at group level;
Preparing budgets, monitoring actual performances and reporting variances;
Review and formulate accounting and financial procedures, policies and practices;
Ensure that all companies have complied with the requirements of all the relevant tax authorities;
Coach and mentor finance staff members;
Establish and implement short and long range finance departmental goals, objectives, and policies and improve operating procedures;
Review contracts to ensure the company’s risk exposure is minimised and that all contracts are financially sound;
Ensure all insurances are prepared and renewed as per all statutory and contractual obligations of the company;
Ensure that all rebates and other exemptions under the law for educational institutions are properly filed and documented;
Ensure that all variations to any agreement follow due process and after approval from Board are properly documented;
Forecast 12 month cash flow positions, related borrowing needs, and available funds for investment and report requirements to the Board;
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements;
Use best practices to mitigate financial risks related to the interest rates on the company’s borrowings, as well as on its foreign exchange positions;
Maintain banking relationships;
Assist in determining the company’s proper capital structure;
Arrange for working capital and debt financing as approved by the Board;
Make recommendation to the Board on investing the available funds to avail best returns.
Financial Strategy & Forecasting
Manage processes for financial forecasting, budgets and consolidation and reporting to the Company
Provide recommendations to strategically enhance financial performance and business opportunities.
Ensure that effective internal controls are in place and ensure compliance with IAS & IFRS and applicable local regulatory laws and rules for financial and tax reporting;
Provide Executive Management with advice on the financial implications of business activities;
Evaluate viability of business plans regarding business expansion and operational efficiencies;
Interact with Executive Management to provide support and recommendations through financial and management information analyses and reports.
Be responsible for the statutory audit of the company and ensure a clean audit report;
Ensure compliance of all financial policies;
Responsible for all internal and external financial filing requirement and reporting all non-compliance;
Report any material matters relating to the Founders and Board as soon as they occur;
Ensure all financial reports are prepared and submitted to the Board well in time before Board meetings;
Take all actions in the best interest of the Company;
Required Skills or Experience
CRITERIA DESIRABLE/ESSENTIAL CV / INTERVIEW*
Masters’ degree in Finance, Accounting, Business Administration or in a related discipline Essential CV
Professional Certification in any of the above disciplines will be an advantage Desirable CV
Significant knowledge and working experience in financial management across group of companies and partnerships, financial modelling Essential CV/Interview
Proven ability to develop relationships and partnership opportunities with corporates, academics, students and other external partners Essential CV/Interview
Good understanding of Higher Education Institution needs and respond to them Essential CV/Interview
A person of integrity Essential Interview
Excellent communication and negotiation skills and project management skills required Essential CV/Interview
Strong report writing, facilitation, presentation skills required Essential Interview
Significant working knowledge in MS Office Suite Essential CV/Interview
How to Apply
Qualified persons should please send their Curriculum Vitae (CV) together with a Statement of Supportof at least 500 words, to [email protected] and mention Chief Finance Officer in the subject line.