The Role
The Head of Finance Operations will oversee financial activities in automotive sales, ensuring compliance, optimizing performance, and managing finances to support business growth.
Summary Generated by Built In
Job Summary:
The Head of Finance (Motor Vehicle Business) at CIG Motors Limited will be
responsible for overseeing all financial activities related to the sales and
distribution of motor vehicles, ensuring financial sustainability, cost efficiency,
and strategic growth. The role requires strong financial acumen, leadership, and
an understanding of the automotive retail and distribution sector. The ideal
candidate will ensure compliance with regulatory requirements, optimize
financial performance, and support business expansion through effective financial
management.
Key Responsibilities:
- Develop and execute financial strategies to enhance the profitability of the
motor vehicle business.
- Oversee financial planning, budgeting, forecasting, and reporting specific to
vehicle sales and distribution.
- Ensure compliance with financial regulations, tax laws, and internal
controls within the motor vehicle division.
- Manage and monitor cash flow, investments, and capital structure for
vehicle procurement and sales.
- Analyze financial data and provide insights to support strategic decisions
making in vehicle sales operations.
- Supervise the preparation of financial statements, audits, and tax filings
for motor vehicle business activities.
- Assess financial risks and implement risk management strategies tailored
to the motor vehicle business.
- Optimize cost control measures and improve financial efficiency in vehicle
procurement, sales, and distribution.
- Lead and mentor the finance team, fostering a culture of excellence and
accountability.
- Collaborate with other departments to align financial goals with overall
motor vehicle business objectives.
- Drive financial technology solutions to enhance efficiency and automation
in vehicle sales operations.
- Ensure adherence to IFRS and other relevant accounting standards for
motor vehicle transactions.
Requirements
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- A master’s degree (MBA or equivalent) or professional certifications (ACCA,
ICAN, CFA) is preferred.
- Minimum of 7 years of progressive financial experience, with at least 3
years in a leadership role.
- Prior experience in the automotive retail, sales, or distribution industry is
an advantage.
- Strong knowledge of financial regulations, taxation, and reporting
standards.
- Proficiency in financial software and ERP systems like Sage 300.
- Excellent analytical, strategic planning, and decision-making skills.
- Strong leadership, team management, and communication abilities.
- High level of integrity and professional ethics.
Key Competencies:
- Financial and business acumen.
- Strategic thinking and problem-solving.
- Leadership and people management.
- Risk management and compliance.
- Negotiation and stakeholder management.
- Technology-driven financial management.
Benefits
- Competitive
Salary
- 13th Month
Allowance
- Leave
Allowance
- Monthly Performance
Bonus
- Retirement Savings
- Robust Medical Coverage
- Daily Lunch
- Employee Car Ownership Scheme
- Learning & Development Budget
- Group Life Insurance
- Paid Time Off
- Opportunity to work
in a fast-paced and dynamic environment
Skills Required
- Bachelor's degree in Finance, Accounting, Economics, or a related field
- Master's degree (MBA or equivalent) or professional certifications (ACCA, ICAN, CFA)
- Minimum of 7 years of progressive financial experience, with at least 3 years in a leadership role
- Prior experience in the automotive retail, sales, or distribution industry
- Strong knowledge of financial regulations, taxation, and reporting standards
- Proficiency in financial software and ERP systems like Sage 300
- Excellent analytical, strategic planning, and decision-making skills
- Strong leadership, team management, and communication abilities
- High level of integrity and professional ethics
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The Company
What We Do
CIG Motors is an original equipment manufacturer (OEM) and the exclusive representative and distributor for leading Chinese automotive brands in Nigeria, offering a wide range of automobiles.
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