Financial Services

Head Of Finance At Deloitte

Deloitte·Lagos, nigeria·Full Time·Internship
Financial ServicesFull TimeInternship
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Job Purpose

The Head of Finance (HOF) will be a strategic and operational leader providing counsel to the Principal and the Board of Governors. The HOF will ensure the efficient and effective stewardship of the School's physical and financial resources, efficient operation of support services and oversight of risk management for the School, and serves as a member of the Core Leadership Team. He/she will serve as the primary School liaison for the Board's Finance & Procurement Committees

Core Responsibilities

Banking and Treasury Function

  • Profitable investment of excess funds
  • Ensuring the school's compliance with all banking requirements to facilitate the smooth operation of its accounts
  • Monitoring the appropriateness of bank charges of all categories across all accounts
  • Preparing loan proposals when required.

Advisory and Reporting - Board's Finance & Procurement Committees

  • Preparing periodic management reports as prescribed by management for review by the board and its finance committee
  • Advising the Principal periodically in a timely and structured manner of the status of the school's finances, including banking positions, creditors, receivables and other assets.
  • Preparing annual final accounts for presentation to the school's external auditors
  • Acting in an advisory role to the Board's Finance & Procurement Committees, by providing on a predetermined periodic basis and on an ad-hoc basis as occasion demands, necessary financial information that will aid decision-making by the board.
  • Ensuring the implementation of the Board's Finance & Procurement Committees' directives regarding financial and other related matters.
  • Advising and supporting other Board members as required.

Budget

  • Preparation of the school's annual budget and financial statements for approval by the Principal and the Board
  • Responsibility for the effective implementation of the financial budget
  • Carrying out periodic budget performance evaluation
  • Escalating appropriately any adverse or unforeseen budget performance.

Financial Management

  • Put in place strategies to ensure the proper management of working capital (including credit control by keeping receivables to a minimum), and also ensure that the school maintains acceptable operating capital ratios.
  • Monitoring and advising on the school's cash flow position and trend
  • Advising on and instituting cost reduction strategies
  • Reporting on the school's business and financial performance
  • Ensuring that the school has value for money in purchasing and procurement, and in concert with other relevant functions, ensure that physical assets are maintained in a state to serve the school effectively for their projected lifetimes.
  • Ensuring that loan proposals presented to the board are justified and supported by clear and realistic repayment strategies.

Accounting

  • The Head of Finance is responsible for all accounting functions, including journal postings, maintaining the general ledger, preparation of management and final accounts, billing and invoicing, among other sundry accounts functions.
  • Ensure that there is a proper structure in place to record and account for all tangible assets owned by the school.

Compliance

  • Ensuring that the school complies with processes, controls and procedures specified in the Financial Manual and the Administration, Procurement Operating Manual, especially in key capital and operational expenditure areas such as Capital purchases and Procurement.
  • Providing training, support and guidance to staff as required to ensure the capacity is built that will enable adherence to prescribed compliance requirements
  • Ensuring that both the Financial Manual, Catering, Procurement and the Administration Operating Manual are updated as required and that they reflect the school's current needs and operating realities.

External Relationships

  • Maintaining relationships with appropriate external contacts, including the school's bankers, external auditors, and tax authorities.

Regulatory Matters

  • Ensure that the school is compliant with all financial laws and regulations, including but not limited to tax regulatory requirements at the Federal and State levels, including (Corporate, Staff PAYE, Withholding taxes, VAT and any other relevant taxes and levies), and any payments due are paid over
  • Ensure the school makes all required statutory deductions (including Pension) at the appropriate time and that such deductions are immediately paid over to the relevant authorities.

Leadership

  • Providing strategic direction, technical guidance and leadership for members of the finance team.
  • Providing operational support to the leadership of the departments under the Chief Operating Officer's oversight:
  • Administration
  • Procurement /delivery of goods and services
  • Facilities and Maintenance

Business development

  • Actively supports the Principal and Chief Growth Officer (CGO) in promoting the school both nationally and internationally, in alignment with the school's strategic growth objectives.
  • Assumes financial responsibility for executing the annual marketing plan in line with the school's priorities. This requires close collaboration with the CGO, Marketing & Communications Officer, and Admissions Officer.

Collaboration

  • Effectively collaborating at a high level with CLT members led by the Principal, and other Heads of department in the running of the school and the execution of the Board's strategic agenda.

Qualifications

  • MBA or master's degree in Finance, Accounting, Business Administration, or a related discipline.
  • Recognised professional accounting certification (ICAN, ACCA, CPA, etc.).
  • 10 - 15 years of progressive experience in financial leadership roles, preferably with exposure to educational institutions or non-profit organisations.
  • Previous experience managing multi-department operations (Finance, Admin, Procurement) is highly desirable.
  • Familiarity with boarding school dynamics is an advantage.
  • Strong analytical skills and a deep knowledge of Accounting and Finance, Cost Control, Payroll, Risk Management and relevant Regulatory matters. The HOF should also have demonstrable working knowledge of Administration and Facilities management.
  • Excellent IT skills and knowledge of updated accounting software
  • Experience leading and managing a team, including hiring, performance management, training and professional development
  • A strong business orientation, including setting short- and long-term priorities and charting an informed, sustainable and ambitious future, matched with the ability to effectively communicate the short- and long-term financial implications of decisions to stakeholders
  • Experience working in, or exposure to,a school setting and/or non-profit organisation is desirable but not required
  • Strong technological capability, including expertise with enterprise-wide financial systems.

Key skills

MBA/MSc/MAProfessional Certificate
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At a glance

Company

Deloitte

Location

Lagos, nigeria

Employment

Full Time

Experience

Valid until

Not specified

Created

May 15, 2026

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Ensure appropriate accounting treatment for all transactions in accordance with applicable accounting standards and Bank policies. Review reconciliations, journals, schedules and supporting documentation to ensure financial accuracy and completeness. Monitor suspense accounts and ensure outstanding items are investigated and cleared promptly. Maintain appropriate financial records and documentation to support audit and regulatory requirements. Budgeting, Planning and Financial Analysis Lead the preparation of the Bank's annual budget in collaboration with Management and Heads of Function. Prepare financial forecasts and periodic reforecasts based on business performance and changing assumptions. Monitor actual performance against approved budgets and provide meaningful variance analysis. Identify significant cost trends, financial risks and opportunities and recommend appropriate corrective actions. Provide financial analysis and commercial insights to support Management's strategic and operational decisions. Monitor the Bank's cost structure and promote effective financial resource utilization. Regulatory Reporting and Compliance Prepare and submit accurate and timely financial and regulatory returns to the CBN, NDIC and other relevant regulatory authorities. Ensure regulatory reports are supported by accurate underlying financial records and reconciliations. Monitor changes in applicable financial reporting, tax and regulatory requirements and coordinate implementation. Maintain proper documentation and audit trails for all regulatory submissions. Respond promptly to regulatory queries relating to financial reporting and returns. Ensure the Bank remains compliant with applicable prudential, accounting and financial reporting requirements. IFRS & Financial Reporting Standards Ensure the Bank's financial reporting complies with applicable IFRS requirements and relevant regulatory accounting guidelines. Coordinate the application of IFRS 9, including expected credit loss calculations, in collaboration with Risk & Credit. Review impairment provisions, loan-loss recognition and other significant accounting estimates. Ensure appropriate accounting treatment for financial instruments, investments, interest income, fees and other material transactions. Maintain appropriate accounting policies and procedures and update them when required. Treasury Back-Office & Financial Controls Oversee the finance function's independent confirmation, accounting and reconciliation of treasury transactions. Ensure treasury transactions are independently confirmed and settled in accordance with approved procedures. Maintain clear segregation between treasury dealing, approval, confirmation, settlement and accounting activities. Reconcile bank accounts, investment balances, placements and related income accurately and promptly. Monitor treasury-related accounting entries and ensure all transactions are properly recorded. Tax & Statutory Compliance Ensure timely and accurate preparation and filing of the Bank's tax returns and statutory obligations. Manage relationships with relevant tax authorities and professional advisers. Monitor applicable tax legislation and assess its implications for the Bank. Ensure appropriate accounting for tax liabilities, provisions and statutory deductions. Provide Management with advice on tax exposures, compliance requirements and potential financial implications. Audit and Financial Governance Coordinate the Bank's external audit process and ensure timely provision of requested information and supporting documentation. Liaise with Internal Audit and other control functions on financial control matters. Track financial audit findings and coordinate implementation of agreed corrective actions. Ensure appropriate financial controls are established over income, expenditure, assets, liabilities, payments and financial reporting. Identify weaknesses in financial processes and recommend improvements. Financial Control and Asset Protection Establish and maintain effective controls over the Bank's financial resources and assets. Review expenditure and payment processes to ensure compliance with approved budgets and delegated authority. Monitor financial transactions for unusual, inaccurate or unauthorized activity and escalate concerns appropriately. Ensure appropriate reconciliations are performed and independently reviewed. Safeguard the integrity of the Bank's financial information and records. Management & Board Reporting Provide accurate and timely financial reports to the MD/CEO, Management and the Board. Present financial performance, budget variances, liquidity-related financial information and other key financial indicators as required. Provide financial analysis to support strategic planning and business decisions. Highlight significant financial risks, emerging trends and areas requiring Management attention. Support the preparation of Board and committee papers relating to financial performance and control. Team Leadership and Development Lead, supervise and develop the Finance/Accounts team. Establish clear objectives, performance expectations and controls for finance personnel. Ensure appropriate segregation of duties within the Finance function. Build technical capability in financial reporting, regulatory returns, reconciliations and financial controls. Promote a culture of accuracy, accountability, integrity and continuous improvement. Requirements BSc or HND in Accounting, Finance, Economics or another relevant discipline. ACA, ACCA or ANAN membership is required. CITN membership or relevant tax qualification is desirable. An MBA, MSc or other relevant postgraduate qualification is an advantage. Minimum of 10 years' relevant professional experience, with at least 5 years in banking, microfinance, financial services or another regulated financial institution. At least 2 years' experience in a financial management or supervisory role. Demonstrable experience preparing CBN and/or NDIC regulatory returns is essential. Experience with IFRS, IFRS 9, financial controls, budgeting and external audit within a regulated financial institution is strongly preferred. Financial reporting and accounting Regulatory reporting and compliance IFRS and IFRS 9 Budgeting and financial planning Financial analysis and management reporting Internal financial controls Bank and investment reconciliations Tax and statutory compliance Audit coordination Treasury accounting and control Risk awareness and financial discipline Accuracy and attention to detail Commercial and analytical judgement Team leadership and people development Performance Measures Accuracy and timeliness of monthly, quarterly and annual financial reports. CBN, NDIC and other regulatory returns submitted accurately and within required deadlines. Minimal or no material regulatory queries arising from financial reporting. General ledger and bank reconciliations maintained accurately and up to date. Suspense and reconciling items investigated and cleared within agreed timelines. Budget performance monitored with significant variances identified and explained promptly. Effective application of IFRS and IFRS 9 requirements. Timely and accurate tax and statutory compliance. Successful completion of external audits with timely resolution of financial audit findings. Effective operation of financial controls with no material control breaches attributable to the Finance function. Accurate accounting and independent reconciliation of treasury transactions. Protection and proper stewardship of the Bank's financial resources.

6 days ago