Chief Financial Officer (CFO)

About Renmoney

Renmoney is a leading Nigerian financial institution committed to making financial services simple, accessible, and impactful for millions of individuals and small businesses.

We leverage technology, data, and innovation to provide lending, savings, payments, and emerging financial solutions that improve our customers' financial wellbeing. Our ambition is to build one of Africa's most trusted and customer-centric financial services platforms.

As we continue to scale, we are seeking an exceptional Chief Financial Officer to help shape our next phase of growth. Please note that this is a Lagos-based executive role, requiring an on-site presence in Nigeria.

The Role

The Chief Financial Officer (CFO) is a key member of the Executive Committee and strategic partner to the CEO, Board, investors, and regulators.

The CFO is responsible for safeguarding the financial strength of the business while driving sustainable growth, capital optimisation, investor confidence, and long-term value creation.

The role provides leadership across Finance, Treasury, Financial Planning & Analysis (FP&A), Tax, Procurement, Investor Relations, Regulatory Reporting, Capital Management, and Financial Operations.

The successful candidate will build a high-performing finance organisation that delivers timely insights, enables effective decision-making, strengthens governance, and supports the company's strategic ambitions.

Key Responsibilities

Strategic Leadership

• Serve as a trusted adviser to the CEO, Board, and Executive Committee on all financial and strategic matters.
• Contribute to the development and execution of the Company's long-term strategy and growth plans.
• Drive enterprise-wide performance management and ensure resources are allocated to the highest-return opportunities.
• Provide strategic challenge and independent insight to support decision-making across all business functions.
• Promote a culture of accountability, transparency, execution excellence, and value creation.

Financial Strategy & Performance

• Lead the Company's financial planning, budgeting, forecasting, and performance management processes.
• Develop financial models and strategic scenarios to support growth initiatives, product expansion, and investment decisions.
• Deliver insightful management reporting and performance analysis to the Executive Committee and Board.
• Establish clear profitability and return-on-capital metrics across products, channels, and customer segments.
• Drive continuous improvement in forecasting accuracy and financial discipline.

Treasury, Funding & Capital Management

• Develop and execute the Company's funding and capital strategy.
• Ensure effective liquidity management and maintenance of adequate capital buffers.
• Lead relationships with banks, institutional lenders, development finance institutions, investors, and funding partners.
• Identify and execute opportunities to diversify funding sources and reduce cost of funds.
• Monitor capital adequacy and ensure alignment with regulatory and growth requirements.
• Support fundraising initiatives, including debt and equity transactions.

Investor Relations & Stakeholder Management

• Build and maintain strong relationships with shareholders, investors, lenders, auditors, rating agencies, and key stakeholders.
• Present financial performance, strategic initiatives, and funding opportunities to existing and prospective investors.
• Ensure timely, accurate, and transparent communication with stakeholders.
• Support future capital raising and strategic partnership opportunities.

Regulatory Compliance & Governance

• Ensure full compliance with all regulatory, statutory, tax, and reporting requirements.
• Maintain strong relationships with regulators, including the Central Bank of Nigeria and other relevant authorities.
• Lead statutory reporting, annual audits, tax management, and financial governance activities.
• Ensure effective internal controls, policies, and risk management frameworks are maintained and continuously improved.
• Promote a strong control environment and a "no surprises" culture.

Business Performance & Analytics

• Drive the use of data and analytics to improve commercial decision-making.
• Establish robust business intelligence and management reporting capabilities.
• Monitor business performance, portfolio profitability, customer economics, and operational efficiency.
• Partner with Business, Risk, Product, Operations, and Technology teams to optimise financial outcomes.
• Ensure financial insights are translated into actionable business decisions.

Portfolio & Risk Management

• Work closely with Risk and Business teams to optimise portfolio growth and profitability.
• Monitor portfolio quality, expected losses, provisioning, and risk-adjusted returns.
• Evaluate the financial implications of credit, liquidity, operational, and market risks.
• Support sustainable growth through disciplined balance sheet management.

Technology & Finance Transformation

• Drive automation, digitisation, and continuous improvement across finance processes.
• Ensure finance systems and reporting infrastructure support business scalability.
• Improve reporting speed, quality, and accessibility through technology and data.
• Lead finance transformation initiatives that enhance efficiency and effectiveness.

Leadership & Talent Development

• Build, lead, and develop a high-performing finance organisation.
• Foster a culture of accountability, ownership, continuous learning, and excellence.
• Develop succession plans and strengthen leadership capability across the finance function.
• Mentor and coach future finance leaders within the organisation.
• Collaborate effectively across all business functions to achieve organisational goals.

Success Measures

Within the first 6–12 months, the CFO will be expected to:

• Strengthen profitability and forecasting accuracy.
• Improve capital efficiency and liquidity management.
• Enhance management reporting and business insights.
• Successfully execute funding and capital initiatives.
• Strengthen investor, Board, and regulatory confidence.
• Improve finance operational efficiency through automation and transformation.
• Build a high-performing finance leadership team capable of supporting the Company's long-term growth ambitions.

Requirements

Education & Professional Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
• ACA, ACCA, CPA, CFA, or equivalent professional qualification required.
• MBA or advanced business qualification is an advantage.

Experience

• Minimum 5 years of experience in a CFO, Finance Director, Deputy CFO, or equivalent executive finance role.
• Minimum 15 years of progressive finance leadership experience preferred.
• Proven experience working in an international business environment.
• Strong experience within financial services, banking, fintech, lending, payments, or consumer finance.
• Demonstrated success managing large balance sheets, funding programmes, and regulatory relationships.
• Proven experience leading fundraising and investor engagement initiatives; capital management experience is an advantage.
• Experience driving finance transformation and organisational growth.

Key Competencies

Strategic & Commercial

• Strong understanding of growth, profitability, and value creation drivers.
• Ability to connect financial performance with business strategy is an advantage.

Leadership

• Executive presence and credibility with Boards, investors, regulators, and senior stakeholders.
• Strong influencing and stakeholder management skills.
• Proven ability to build and lead high-performing teams preferred.

Technical Excellence

• Deep knowledge of financial reporting, treasury, taxation, and regulatory requirements, with capital management expertise an advantage.
• Strong financial modelling capability.
• Experience with modern finance systems and data-driven decision-making.

Personal Attributes

• Collaborative and able to work effectively across multiple functions.

Benefits

• Visa sponsorship for the relocation to Lagos, Nigeria
• Comfort: comprehensive health insurance, 25+ paid vacations and day-offs, personal development plan, annual performance review
• Purpose: shape the future of fintech in Nigeria with products that reach millions, backed by a competitive salary and performance bonus
• Growth: thrive in a fast paced work environment with flexibility, collaboration, and access to cutting-edge tools.
• Join a diverse, inclusive team where all voices are valued, and professional growth is a priority.