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  • Posted: Sep 12, 2024
    Deadline: Not specified
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    Our mission is to power a new wave of prosperity across Africa. By enabling global digital payments on a continent that’s been largely cut off from the digital economy, we’re creating the infrastructure to power Africa’s growth in the 21st Century. Founded in 2016 by a team of ex-bankers, entrepreneurs and engineers, we provide the under...
    Read more about this company

     

    CFO and Controller, Africa

    The Role: 

    Flutterwave is seeking an Africa CFO & Controller who will be accountable for the firm's finance function on the continent. This role combines strategic financial leadership with hands-on financial management and control, in compliance with regulatory requirements and optimizing the business model and strategic execution. Africa CFO will play a critical role in building and maintaining a relationship with external stakeholders on the continent - Regulators, the Central Bank, banking, and other partners in countries across the continent, The Africa CFO will also closely partner with the Global FP&A function to measure the performance of various business units and provide input into planning and forecasting, grounded in numbers and analytics. Given Flutterwave's origin and strong presence on the continent, Africa CFO is the prominent partner for the CFO, CEO, and firm’s leadership team. This leader will have an opportunity to transform the Finance function (People, Processes, and Infrastructure) towards taking the company towards an IPO and post-IPO phase 

    This role reports to the Global CFO with a matrix reporting line to the Chief Accounting Officer, and partners closely with the CEO and other key company leaders. 

    Roles and responsibilities, include but are not limited to

    • Relationship with stakeholders: Opportunity to interact with regulators, banking partners, and other stakeholders in the continent across 30+ countries. Convey the firm’s commitment and execute towards maintaining the highest standards for financial reporting and accounting standards compliance
    • Data Integration: Build best-in-class record-to-report processes, in partnership with the Chief Accounting Officer, that scales with the business, and assures accuracy, completeness, and timeliness.  Opportunity to institute modern finance infrastructure that minimizes manual work and creates capacity for value-added analytics working with the FP&A organization
    • Cross-Functional Collaboration: Build engagement models with other departments such as sales, procurement, engineering, operations and product to align the financial processes with the business model of the firm (such as transfer pricing, revenue recognition, sales incentives, partner agreements) to integrate financial insights into decision-making processes across the organization
    • Optimize financial resources: Enhance and re-design, where appropriate, firms processes to deploy financial resources that facilitates the optimal business execution. This includes legal entity structures, transfer pricing, capital optimization, working capital and cash management
    • Strategic Alignment: Design and align financial performance management and planning activities with the strategic objectives of the organization and collaborate with business and support units to ensure that financial planning supports overall corporate goals

    What your first year might look like (Note: this is not a comprehensive list)

    • Build and enhance relationship with investors, regulators, banking partners and provide leadership and support to the teams on the continent
    • Build a high-impact team that can grow their skills and experience as the company grows and expands globally. Enhance the current organization structure to unleash the potential of the current team members towards their greatest strength 
    • Re-design the current financial reporting processes by making it scalable, transparent and traceable to facilitate timely and granular closing of books and performance management across Treasury, Controller and Tax processes and partnering very closely with finance operations
    • Build a modern finance infrastructure by partnering with global finance function leads (Chief Accounting Officer and Treasurer) that can stand up to global audits and, more importantly, instills confidence with business partners and external stakeholders

    Skills needed to succeed in this role:

    • 15 - 20 years in accounting and finance, with a significant portion in a leadership role overseeing global or multinational finance operations. Experience in the fintech, payments, or technology industry is highly desirable.
    • Strong proficiency in accounting principles, financial reporting, budgeting, forecasting, and analysis
    • CPA certification strongly preferred
    • Prior experience leading and managing a global finance team
    • Proven ability to drive process improvements, automation, and operational efficiencies
    • Strong analytical and problem-solving skills, with the ability to synthesize complex financial data and present insights to senior leadership
    • Experience in leading and managing a team of finance professionals
    • A bachelor's degree in a relevant field
    • Excellent communication and presentation skills
    • Ability to work collaboratively with cross-functional teams and stakeholders
    • Willingness to travel as needed (10-25%)

    go to method of application ยป

    VP, Tax & Transfer Pricing

    The Role: 

    Flutterwave is seeking a highly qualified and experienced VP, Tax & Transfer Pricing person who will primarily be responsible for ensuring compliance with all statutory obligations in relation to tax and transfer pricing across the countries we operate in in the EMEA region. The ideal candidate will also be responsible for formulating and advising management on strategies that make for efficient business operations from a tax and transfer pricing perspective.

    The candidate will also be responsible for advising management of developments in the tax space that will impact Group business mode, including review of contracts and intragroup agreements for tax compliance.  He must be an experienced tax professional and self-starter who can work with minimal supervision. He should also be able to identify tax planning opportunities for the Group.

    This role reports to the Head of Finance, Africa, with close relationship with the Group Head of Tax and TP.

    Roles and responsibilities, include but are not limited to:

    1. Strategic Planning and Alignment:
      1. Identify potential tax planning opportunities for the Group and work with the appropriate personnel of all entities within the Group to implement tax advice rendered to the Group by its tax advisers
      2. Review internal agreements within Group entities to ensure compliance with all tax laws and transfer pricing regulations.
      3. Review existing transfer pricing policy and advise management on recent changes in regulations that could impact the policy.
      4. Review all contracts to ensure tax efficiency and optimization and seek advice from the Group’s tax advisers as appropriate.
    2. Cross-Functional Collaboration:
      1. Work closely with other departments to keep abreast of new business activities and address resulting opportunities, risks and tax consequences.
      2. Work with HR to ensure tax compliance with all employee-related taxes and contributions.
      3. Work with HR to ensure employees obtain tax clearance certificates.
      4. Advice HR from time to time on tax planning opportunities for employees.
    3. Zero-Levy Compliance Focus:
      1. Take full ownership of the tax compliance obligations across the Group, including monthly and   annual tax filings (all taxes), transfer pricing filings, tax computations, capital allowance computations, adjustments to accounting profits for tax purposes, etc.
      2. Manage all tax and levy risks associated with the Group’s business. This includes NASENI Levy, Police Trust Fund, Industrial Training fund, Nigeria Social Insurance Trust Fund.
      3. Obtain annual tax clearance certificates in all countries we operate in
      4. Maintain tax balance on general ledger/reconciliation of tax journals
      5. Attend to tax audit queries, tax audit exercises, transfer pricing audits, and other routine checks from regulators in relation to tax matters.
      6. Attending to any other ad-hoc tax/business related request.

    What your first year might look like (Note: this is not a comprehensive list)

    1. Build a comprehensive tax and TP compliance calendar, which will serve as a guide and performance measurement tool on our tax and transfer pricing compliance status across the relevant countries. Objective here is to have a living document that speaks to our statutory compliance obligations.
    2. Ensure significant reduction in late fling fines and penalties, with the ultimate goal being zero tolerance for missed deadlines and late filing of returns.
    3. Revise existing intra-group agreements, including transfer pricing policy, loan agreements and business development agreements, with a view to ensuring minimal tax footprints across board.
    4. Enhance the process of tax provisioning for statutory audits purposes, making sure the Company has a sustaining process in place for tax provisioning as part of audit-close activities.

    What You bring to the table:

    1. A Bachelor's Degree in a relevant field
    2. Minimum 15 years of progressive experience in tax role, preferably with a background with a top tier consulting firm.
    3. In-depth knowledge of tax laws in Nigeria and appreciable knowledge of tax laws across Africa.
    4. Membership of relevant professional bodies, including Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation of Nigeria.
    5. Proven ability to drive process improvements, automation, and operational efficiencies
    6. Strong analytical and problem-solving skills, with the ability to synthesize complex financial data and present insights to senior leadership
    7. Experience in leading and managing a team of finance professionals
    8. Appreciable understanding of ERP systems
    9. Excellent communication and presentation skills
    10. Ability to work collaboratively with cross-functional teams and stakeholders
    11. Willingness to travel as needed (10-25%)

    Method of Application

    Use the link(s) below to apply on company website.

     

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