Total Health Trust Limited

Chief Financial Officer - Lagos.

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Active since 05-04-2017 Job category Financial and economic / busine...
Location Lagos. Level Senior Management
Educational level Master / Post-Graduate / ... Employment type Permanent contract
Hours 8 - 0 Salary Attractive Remuneration and Ben...

Total Health Trust Limited (THT), Nigeria’s leading Health Maintenance Organization (HMO) was founded in 1997 and commenced operations in June 1998. Our unrivaled 18 years industry track record has seen us build a formidable reputation in Nigeria and we remain the HMO of choice for over 300,000 members and over 500 corporate clients and government institutions. We were the first HMO to be registered in Nigeria and 18 years later, we are still number one in the market. We are one of the very few HMOs that can boast the financial and technical backing of a world class company – Liberty Health (a member of the Liberty Group). The organization further prides itself with its rich culture of Respect, Compassion, Pride and Expertise.

Our Organisation is seeking the service of a Chief Financial Officer (CFO) to join our management team. This role is viewed as a key, strategic and critical part of activities within THT. The role is responsible to THT’s Board of Directors for all Accounting and Financial matters. Incumbent must establish company-wide objectives, policies, procedures, processes and practices that ensure THT is continuously on a sound accounting and financial structure at all times. In addition, incumbent must ensure that business reporting provides relevant, faithful and comparable information on the financial standing of the organisation for the Board to make informed decisions.

Job Title: Chief Financial Officer (CFO)

Location: Lagos, Nigeria
Industry: Health Insurance
Function: Financial
Job Level: Executive Management C-SUITE

Job Description

• Aside from overseeing our company’s general financial management operations, the CFO, who will report directly to the Chief Executive Officer, will see to the development of financial strategy and metrics, as well as the monitoring of control systems designed to preserve assets and report accurate financial results.

• The Chief Financial Officer (CFO) is responsible for all financial and fiscal management aspects of the Company’s operations.

• Provide strategic financial leadership, business planning, forecasting, accounting and budgeting processes, tax and risk management and optimize returns to the Shareholders.

Principal Responsibilities

CASH FLOW – control the cash flow position throughout the company, understand the sources and usage of cash and maintain the integrity of funds, securities and other valuable documents. Receive, have custody of and disburse THT’s funds and securities. Responsible for the establishment of accounting policies and procedures for credit and collections, purchasing, payment of bills and other financial obligations. Review the daily bank status reports and cash flow forecasts and initiate the necessary directives to optimize the use of cash across company’s operations.

BUDGETING AND EXPENSE CONTROL – Overseeing the budget process, collection of inputs and comparison of THT’s actual performance with budget estimates all done with set timelines.

REPORTING – To oversee THT’s accounting system and ensure that the company keeps proper accounting records that disclose with reasonable accuracy the financial position of the company.

REGULATORY/COMPLIANCE – To ensure compliance with the company's policies, procedures and accounting, financial, regulatory and legal standard requirements. Manage Statutory and Internal Auditors.

CORPORATE FINANCE – to impact strategy and business decisions by considering various options to maximize value and returns on investments to shareholders. Employ relevant tools and analytics to allocate and manage THT’s financial resources. Conduct/review financial feasibility studies of new projects to assure that those projects are in line with company’s investment/business strategy with appropriate ROI’s.

STATUTORY REPORTING – To prepare monthly results as well as bi-annual and annual financial statements in line with International Financial Reporting Standards (IFRS).

TREASURY- Provide/review financial projections on cash budgets (i.e. monthly, annually). Hold periodic communication meetings with bank relationship managers and other senior officers to discuss issues of mutual interests.

OTHERS – To execute on corporate governance and CFO duties with regards to various board assignments.


• Minimum of a Bachelor’s Degree in Accounting or Financial Management and a Master’s Degree in any Business related discipline

• Relevant professional qualifications such as, Chartered Financial Analyst (CFA) , Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA), Chartered Tax Practitioner, or its equivalent

• Experience of statutory financial reporting and advanced knowledge of GAAP, IFRS

• Experienced CFO / Finance Director with minimum of 5 years leading the finance function and with 15+ years of overall progressive finance experience (incl. corporate finance, financial controls, treasury, tax advisory, regulatory/compliance, decision support, reporting, others) with most of his/her working experience in the Insurance or Financial Sector

• Demonstrated experience as a business partner and “co-pilot” of the MD in driving controls, compliance and performance while improving the business

• Exposed to best practices and global standards and their application in emerging markets, who knows how to balance global standards and local approaches in order to attain targets / outcomes while maintaining intact the controls, compliance and performance agenda

• Meaningful exposure to the use of different accounting software (SAP, SAGE, ORACLE, others)

• Ample experience leading and working across functions as a business partner while keeping the finance rigour and accountability.

Other Requirements

• Computer skills – Microsoft office
• Analytical thinking skills
• Communication (verbal and written) skills
• Interpersonal skills
• Strategic thinking skills
• Strategic Problem Solving
• Customer Centricity
• Strong Facilitation Skills
• Result Oriented
• Project Management Skills
• Innovativeness
• Strong Networking Skills
• Team Player
• Emotional Intelligence
• Leadership

More information
This listing is a full-time job

Job category Financial and economic / business administration / Financial Management
Industry / Industries Medical / Health
Region Nigeria

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