Job Title: Head of Finance
Reports To: MD
Position Type: Full-Time
Salary:monthly net
Job Summary
The Head of Finance will serve as a strategic partner to the CEO and executive leadership team directing all financial accounting treasury tax and risk management the context of Abujas travel market the CFO will focus on FX risk management optimising cash flow for airline bookings (BSP/IATA) managing corporate and government debt collection cycles and ensuring strict compliance with local regulatory frameworks.
Key Responsibilities
1. Strategic Financial Leadership & Planning
i. Lead long-term financial strategy annual budgeting forecasting and resource allocation aligned with the agencys growth targets across corporate diplomatic and retail travel lines.
ii. Provide data-driven financial insights to the Board to support capital investments technology adoption (GDS/booking engine integrations) and new branch expansions.
iii. Evaluate and model profitability across different business segments (e.g. flight ticketing corporate travel management visa consulting luxury tours and VIP charter services).
2. Treasury FX & Cash Flow Management
i. Foreign Exchange Strategy: Develop robust hedging and liquidity management strategies to navigate volatile FX markets parallel market rates and official central bank (CBN) windows for international airline ticketing and supplier settlements.
ii. Working Capital Control: Manage daily liquidity to ensure seamless settlements through the IATA Billing and Settlement Plan (BSP) and avoid ticketing suspensions.
iii. Maintain strategic relationships with commercial banks non-bank financial institutions and FX liquidity providers in Nigeria.
3. Credit Control & Revenue Assurance
i. Establish and enforce strict credit policies for corporate clients embassies and government ministries departments and agencies (MDAs) in Abuja to minimize bad debt exposure.
ii. Oversee credit evaluation processes and negotiate favourable payment terms with high-volume corporate clients while keeping DSO (Days Sales Outstanding) low.
iii. Oversee commission reconciliation with Global Distribution Systems (GDS like Amadeus Sabre) airlines hotels and consolidated travel partners to prevent revenue leakage.
4. Regulatory Compliance Tax & Governance
i. Ensure full compliance with Nigerian tax laws (FIRS and FCT-IRS) including timely remittance of Withholding Tax (WHT) Value Added Tax (VAT) Companies Income Tax (CIT) and employee PAYE.
ii. Stay current on new tax legislation and regulatory adjustments affecting service industries and foreign travel transactions in Nigeria.
iii. Ensure corporate governance standards are met working closely with external auditors for seamless year-end financial audits.
5. Financial Reporting & Internal Controls
i. Deliver accurate and timely monthly quarterly and annual financial statements according to International Financial Reporting Standards (IFRS).
ii. Implement robust internal control systems to safeguard company assets and prevent fraud in high-volume multi-currency transaction environments.
iii. Monitor key performance indicators (KPIs) such as Gross Margin Per Ticket Customer Acquisition Cost (CAC) vs. LTV and Operating Cash Flow ratios.
Requirements
Required Qualifications & Experience
i. Education: Bachelors degree in Accounting Finance Economics or related field. Masters degree (MBA MSc in Finance or Data Analytics) is a strong advantage.
ii. Professional Certification: Mandatory professional accounting qualification (ICAN or ACCA).
iii. Experience:
a. Minimum of 5-7 years of progressive financial leadership experience with at least 23 years in a Senior Finance role.
b. Direct experience in the travel aviation hospitality or logistics sectors is strongly preferred (familiarity with IATA BSP settlement structures GDS commissions and multi-currency accounting)
Skills & Competencies:
i. Advanced financial modelling valuation and capital management skills.
ii. Deep understanding of Nigerian macroeconomic factors CBN monetary policies and local tax structures.
iii. Proven track record of managing credit risk with public sector entities and corporate institutions.
iv. Proficiency in ERP software (e.g. SAP Oracle Microsoft Dynamics) and travel-specific accounting systems.
Required Qualifications & Experience i. Education: Bachelors degree in Accounting Finance Economics or related field. Masters degree (MBA MSc in Finance or Data Analytics) is a strong advantage. ii. Professional Certification: Mandatory professional accounting qualification (ICAN or ACCA). iii. Experience: a. Minimum of 5-7 years of progressive financial leadership experience with at least 23 years in a Senior Finance role. b. Direct experience in the travel aviation hospitality or logistics sectors is strongly preferred (familiarity with IATA BSP settlement structures GDS commissions and multi-currency accounting) Skills & Competencies: i. Advanced financial modelling valuation and capital management skills. ii. Deep understanding of Nigerian macroeconomic factors CBN monetary policies and local tax structures. iii. Proven track record of managing credit risk with public sector entities and corporate institutions. iv. Proficiency in ERP software (e.g. SAP Oracle Microsoft Dynamics) and travel-specific accounting systems.
Bachelors degree in Accounting Finance Economics or related field. Masters degree (MBA MSc in Finance or Data
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