Job Description
D
Chief Financial Officer
Dunn and Braxton
Accounting, Auditing & Finance
2 days ago
New
Enugu Full Time Confidential
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Experience Level: Executive level Experience Length: 10 years
Job descriptions & requirements
Job Description
Hiring – Chief Financial Officer
Location: Enugu
Compensation: Highly Competitive
Our client is a recently acquired microfinance bank, positioned for accelerated growth and operational transformation. It operates as a digital wealth management platform designed to facilitate seamless saving, investment, and financial management in one place.
The Company is seeking to hire a forward-thinking talent to drive its strategic and operational agenda. The CFO & Head of Strategy is a key member of the Executive Management Team, combining two critical mandates: financial stewardship and strategic leadership. This involves ensuring robust financial performance, regulatory compliance, and sound risk management, while simultaneously defining and executing the Bank's digital transformation and growth agenda in line with CBN guidelines and financial inclusion objectives.
The role works closely with the MD/CEO, the Board, and EXCO to position the Bank for sustainable growth and its planned transition to a National MFB license.
Key Responsibilities
• Lead the development and execution of the Bank's 5-year strategic plan, with a strong focus on digital products, channels, and operations.
• Drive the digital transformation agenda including digital lending, mobile banking, agent banking, and fintech/payment service provider partnerships.
• Identify new business opportunities, market segments, and partnerships that support scalable, sustainable growth.
• Champion a data-driven culture, leveraging analytics and MIS to inform strategy, pricing, risk appetite, and product design.
• Advise the MD/CEO and Board on emerging trends in digital finance, microfinance, and the Nigerian and African regulatory landscape.
• Develop and implement the Bank's financial strategy, aligned to corporate strategy and CBN regulatory requirements.
• Lead the annual budgeting, forecasting, and scenario planning process; oversee timely, accurate financial reporting including management accounts, Board packs, and IFRS compliant statutory reports.
• Monitor financial performance across P&L, balance sheet, cash flow, capital adequacy, liquidity, and profitability ratios; recommend and drive corrective actions.
• Champion cost management and efficiency, including rigorous financial evaluation of digital initiatives and technology investments.
• Oversee treasury management including liquidity, asset-liability management (ALM), and funding strategy.
• Manage capital planning to ensure sustained compliance with CBN MFB capital requirements and prudential guidelines, including the capital roadmap for the National MFB license transition.
• Develop and maintain relationships with investors, lenders, and development finance institutions (DFIs); lead capital-raising initiatives — equity, quasi-equity, or debt — to support growth and digital expansion.
• Work with the Head of Risk, Audit & Compliance to maintain a robust enterprise risk management framework covering credit, market, liquidity, and operational risks, with particular focus on digital channel risks.
• Ensure strong internal controls and financial governance across digital transactions, eChannel reconciliations, and fraud risk mitigation.
• Ensure full compliance with CBN, NDIC, FIRS, and other relevant regulatory requirements for microfinance and digital financial services.
• Oversee portfolio quality monitoring systems (PAR, write-offs, recoveries), particularly for digital and automated lending products.
• Collaborate with the Head of Digital/Technology to develop financially viable digital products — nano loans, digital savings, agency banking — and own unit economics and profitability models for all key products and channels.
• Evaluate and structure fintech, agent, and aggregator partnerships for financial viability and regulatory compliance.
• Define pricing and fee structures aligned with customer value, competitive dynamics, and CBN microfinance pricing guidelines.
• Build and lead a high-performing Finance & Strategy team through clear goal-setting, performance management, coaching, and succession planning.
• Collaborate with EXCO members to drive integrated decision-making and smooth execution of the Bank's strategy.