Head of Finance
Lost in Lagos
Head of Finance
We are looking for a highly motivated and skilled Head of Finance who will be responsible for overseeing all financial operations and working closely with other departments to ensure the company's financial goals are met. The ideal person for the job will drive sustainable financial growth through effective financial management and strategic planning. If you are a proactive problem solver with exceptional communication skills and a meticulous attention to detail, we encourage you to apply for this exciting opportunity. If that sounds like you, read on!
- Lost in Lagos runs a lifestyle and discovery company that offers technology and service solutions that serve as a guide to locals of any city, helping them discover events and services in their surroundings that they would normally not be aware of. Lost in Lagos also serves businesses by helping them curate events and functions while drawing the desired customer segment into their places of business.
- If you are a highly motivated and experienced finance professional with a passion for the lifestyle, hospitality, and technology industries, and you are excited about contributing to the success of a startup lifestyle and hospitality company with a mobile application, we encourage you to apply. The offer includes a competitive salary, equity, and benefits package, as well as the opportunity to work in a dynamic and innovative environment.
- Job Location: Lagos Island (On-site)
- Industry: Lifestyle and Hospitality
- Reporting Line: CEO
Head of Finance
- Key Responsibilities:
- - Develop and execute the company's financial strategy, aligning it with the overall business objectives and growth plans.
- - Oversee all financial operations, including financial planning, budgeting, forecasting, and reporting.
- - Drive financial analysis, providing insights and recommendations to support strategic decision-making.
- - Ensure the company's financial stability and growth by managing cash flow, monitoring expenses, and optimizing working capital.
- - Establish and maintain strong internal controls, accounting policies, and procedures to ensure accurate and timely financial reporting.
- - Lead fundraising efforts, including investor relations, preparing financial models, participating in capital raising activities, and maintaining relationships with investors.
- - Manage compliance with financial regulations and reporting requirements, ensuring adherence to accounting standards and legal obligations.
- - Oversee the accounting function, including financial statements preparation, tax compliance, and coordination with auditors.
- - Collaborate with cross-functional teams to drive financial efficiency, support business objectives, and ensure financial transparency.
- - Stay informed about industry trends, regulations, and changes in accounting standards, ensuring compliance and mitigating financial risks.
- - Drive financial due diligence and support business development initiatives, including potential partnerships and acquisitions.
- - Conduct a detailed risk analysis to assess potential investment opportunities and advise management on risks
- - Perform month-end and year-end close processes.
- - Prepare monthly, quarterly and annual financial statements.
- - Ensure timely and accurate reporting of accounting information system to strengthen efficiency.
- - Perform an internal audit to substantiate financial statements and transactions.
- - Comply with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
Head of Finance
- Key Performance Indicators (KPIs):
- - Financial stability: Ensure the company's financial health and stability through effective financial management, liquidity, and profitability.
- - Fundraising success: Secure necessary funding and investment to support the company's growth plans and strategic initiatives.
- - Financial reporting accuracy: Ensure accurate and timely financial reporting, adhering to accounting standards and regulations.
- - Cost control and efficiency: Implement cost-effective strategies and processes to optimize expenses and improve financial efficiency.
- - Investor relations: Develop and maintain strong relationships with investors and key stakeholders, providing transparent and accurate financial information.
- - Compliance adherence: Ensure compliance with financial regulations, accounting standards, and reporting requirements.
- - Bachelor’s degree in Finance, Accounting, Business Administration, or related field. An MBA or CPA qualification is preferred.
- - Proven experience as a Head of Finance or in a senior financial leadership role within the lifestyle, hospitality, or technology industry.
- - Strong financial acumen, with a solid understanding of financial planning, analysis, budgeting, and reporting.
- - Demonstrated experience in fundraising, investor relations, and capital raising activities.
- - Excellent knowledge of accounting principles, regulations, and financial management best practices.
- - Strategic thinker with the ability to provide financial insights and recommendations to support business decisions.
- - Proactive problem solver with exceptional analytical and critical-thinking skills.
- - Strong leadership skills, with the ability to inspire and manage a finance team.
- - Excellent communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders.
- - Experience in startups or high-growth environments is highly desirable.
- Desired Traits:
- - Entrepreneurial Mindset: this is a business after all, we need to be building and breaking barriers, that means we don’t just see problems we create profitable solutions
- - Dynamism: you need to be adept at adjusting quickly and effectively to new situations
- - Integrity: we absolutely need to be able to trust your ability to do what is right, not just what is expedient because we will not be micromanaging you
- - Resourceful: this is a start-up environment, you will not always have the help or resources you need, but we hope you will be adaptable and resourceful in driving value creation and problem-solving
- - Passionate: we are a lot about what we are building at Spurt! and it’s important for your success that you are passionate too
- - Visionary: it is important that you hold the big picture in mind at all times, our mission is quite grand
- - Sociable: remote work is hard to do but is made better by people committed to being present, thoughtful, and communicative
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