Chief Financial Officer

AI summary

A senior finance leadership role with a premium real estate development group in Nigeria. The CFO will own the full finance value chain including financial planning, treasury, tax, risk, and strategic finance, reporting directly to the Managing Director. The position requires ensuring IFRS-compliant financial reporting across a complex group structure and supporting the Group's diversification into industrial verticals.

• Senior executive role reporting directly to the Managing Director
• Owns full finance value chain including FP&A, treasury, tax, and risk management
• Responsible for IFRS-compliant financial reporting and group consolidation
• Leads capital market strategy and credit rating processes with SEC/FMDQ compliance
• Supports Group diversification into industrial and diversified business verticals

Original source description

The CFO owns the full finance value chain — from transaction processing and control through financial planning, treasury, tax, risk, and strategic finance — and is accountable to the Board and its committees for the integrity, performance, and st ewardship of the Company's finances. Board Accountability: Accountable to the Board Finance & Investment Committee and the Board Audit & Risk Committee for financial performance, capital structure, and control environment The Chief Financial Officer (CFO) is a member of the executive management team and the Company's principal steward of financial strategy, capital structure, and institutional credibility. Scope: The Company and its subsidiaries, including industrial and diversified business verticals The CFO reports directly to the Managing Director, will be responsible for ensuring IFRS-compliant financial reporting across an increasingly complex group structure, and provide the financial architecture for the Group's diversification into industrial verticals. Responsibilities: Financial Planning, Analysis & Business Partnering: Provide management with timely, decision-grade financial analysis and variance reporting against budget and prior periods. Own the annual budget, rolling forecasts, and long-range (five-year) financial plan, including three-statement modelling (P&L, statement of financial position, cash flow). Partner with development, commercial, and industrial business unit leaders to evalua te project feasibility, GDV/TDC economics, and capital allocation decisions. Financial Reporting, Accounting & Control: Own the finance function's chart of accounts, accounting policies, and financial systems / ERP architec ture, ensuring data integrity and auditability. Maintain a robust monthly and quarterly management accounts close process across all subsidiaries and business verticals. Manage the relationship with external auditors and ensure timely, unqualified audit outcomes. Own the integrity of the Company's IFRS-compliant Annual Financial Statements and group consolidation, including resolution of technical accounting positions Treasury & Capital Markets: Own the relationship and ongoing compliance for senior secured private note facilities, including collateral and security structuring (floating charges, legal mortgages, Governor's Consent mechanics). Manage credit facilities, negotiating covenant, dispute-resolution, and default-trigger terms that protect the Company's capital structure. Own group liquidity, cash flow forecasting, banking relationships, and funding-mix optimisation across all debt and equity instruments. Lead execution of the Company’s capital market strategy, pricing, and programme shelf management within SEC/FMDQ constraints. Credit Rating & Investor Relations: Direct the national-scale credit rating process with recognised rating agencies, including peer benchmarking, scorecard management, and rating agency due diligence. Maintain the credit narrative and supporting metrics that evidence ratings progression (interest cover, leverage, liquidity), with rating triggers monitored and reported to the Board on a continuing basis. Serve as the Company's principal spokesperson to rating agencies, arrangers, note/bond holders, and prospective institutional investors. Tax, Statutory & Regulatory Compliance: Own the Company's tax strategy, planning, and compliance across all applicable federal and state obligations, including corporate income tax, VAT, withholding tax, and stamp duty. Ensure SCUML, company secretarial, and other regulatory compliance obligations are met, with remediation plans tracked to closure. Maintain oversight of statutory filings and licences across the Group's operating entities. Internal Controls, Risk & Governance: Own enterprise financial risk management, including credit, liquidity, market, and counterparty risk. Design, implement, and continuously strengthen the internal control environment, including segregation of duties, delegation of authority, and financial risk policies. Ensure the finance function's policies and controls are benchmarked against recognised corporate governance codes and leading real estate and industrial peers. Prepare and present financial performance, risk, and control reporting to the Board Finance & Investment Committee and the Board Audit & Risk Committee, remaining accountable to both for outcomes. Procurement, Working Capital & Payroll: Own payroll governance and financial oversight of people costs in partnership with Human Resources. Own working capital management across accounts payable, accounts receivable, and inventory, including contractor and supplier payment governance. Provide financial oversight of the procurement function, ensuring cost discipline and value -for-money across development and operating expenditure. Strategic Finance & Corporate Development: Advise the executive management team and the Board on Group holding structure options (centralised, decentralised, or REIT) as the Group scales. Provide the financial architecture — feasibility models, GDV/TDC analysis, JV waterfall structures — for flagship developments, including branded residence and joint venture transactions (e.g. institutional plac ement frameworks with discount schedules and minimum net margin / MIRR thresholds). Lead financial due diligence and valuation for M&A and strategic investment opportunities, including sum -of-parts and segment-level analysis where relevant. Evaluate and structure financing for the Group's diversification into industrial verticals (architectural glass, wires & cables, paints & coatings, porcelain tiles, joinery), including acquisition and licensing analysis. Finance Function Leadership: Build and lead a finance function spanning Treasury & Capital Markets, Financial Reporting & Control, FP&A, Tax & Compliance, Financial Control, and Investor Relations, capable of institutional-grade output. Develop the finance team's capability and succession, instilling a culture of rigour, accountability, and continuous improvement across the full finance value chain. Key Successs Measures Capital Markets, Treasury & Credit Rating: Achievement and subsequent maintenance of a strong national -scale credit rating, with no unplanned downgrades or negative rating actions. Diversified, well-laddered funding base across capital markets, bank, and Islamic finance instruments, minimising refinancing and concentration risk. Successful execution and, where applicable, oversubscription of debt capital markets issuances within programme shelf limits, at a cost of capital competitive with top-tier regional peers. Continued improvement in credit metrics (e.g. EBITDA interest cover, net debt/EBITDA, liquidity coverage) consistent with the Company's ratings trajectory and covenant headroom maintained across all facilities. Financial Reporting, Control & Compliance: Clean, unqualified audit opinions and timely, fully IFRS-compliant Annual Financial Statements and group consolidation, delivered to Board-approved deadlines. Monthly and quarterly management accounts closed within a defined close cycle, with minimal restatement or post - close adjustment. Zero material control weaknesses identified by internal or external audit; any findings remediated within agreed timelines. Full, current compliance across tax, SCUML, and statutory/regulatory obligations, with no unresolved regulatory exposure. Planning, Performance & Value Creation: Demonstrable improvement in return on capital employed and project-level profitability across the development and industrial portfolios. Budget and forecast accuracy within Board-defined tolerances, with variance narratives that give the Board and MD reliable, decision-grade visibility. Working capital discipline evidenced by improving receivables, payables, and cash conversion metrics across the Group. Financial structuring that enables the successful close of flagship JV, branded -residence, and industrial diversification transactions on acceptable margin, IRR/MIRR, and return thresholds. Governance, Risk & Organisational Capability: Board, MD, and committee confidence in the CFO as a trusted, transparent, and proactive steward of the Company's capital and financial risk. A high-performing finance organisation with clear succession depth, low key -person risk, and demonstrated capability development across Treasury, FP&A, Reporting, Tax, and Controls. An internal control and risk management environment benchmarked against, and where relevant approaching, the standards of listed and internationally rated developers such as Ema ar. A finance function and governance framework recognised by the Board, auditors, and rating agencies as institutional grade, spanning the full finance value chain from transaction processing through strategic finance. Requirements: Professional accounting qualification (ICAN, ACCA, CFA, or equivalent) required; an MBA or postgraduate qualification in finance, real estate, or a related field is an advantage. Strong command of IFRS financial reporting, including complex or contested te chnical positions (business combinations, joint arrangements, revenue recognition, prior-period corrections). Demonstrated experience: leading debt capital markets transactions (commercial paper, bonds, private notes) and/or credit rating processes with recognised national or international rating agencies. Track record of building or scaling a finance function within a fast-growing, founder- or family-influenced organisation moving toward institutional governance standards. A minimum of 15 years' progressive finance leadership experience, including senior roles spanning capital markets, banking, or corporate finance; real estate, infrastructure, or industrial sector experience: is strongly preferred. Prior experience: as CFO, Finance Director, or in a comparable executive finance role, ideally within a real estate developer, financial institution, or rated corporate issuer. Demonstrated ownership of the full finance value chain, including financial control, tax, treasury, internal controls, and business partnering — not solely capital markets or reporting. How to Apply Interested and qualified candidates should send their CV to: recruitmentsquads@gmail.com using the Job Title as the subject of the mail. View all Jobs in Nigeria Lagos State Chief Financial Officer job vacancies in Nigeria