Head of Finance - Logistics, Hospitality, Travel, Tourism- Abuja

Nigeria·AbujaFull-timeexecutive

Finance & AccountingFinance Manager

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Quick Summary

Key Responsibilities

Develop robust hedging and liquidity management strategies to navigate volatile FX markets, parallel market rates,

Requirements Summary

Bachelor's degree in Accounting, Finance, Economics, or a related field. A Master's degree (MBA, MSc in Finance, or Data Analytics) is a strong advantage.

Technical Tools

Finance & AccountingFinance Manager

Responsibilities

~2 min read

→Strategic Financial Leadership & Planning
Lead long-term financial strategy, annual budgeting, forecasting, and resource allocation aligned with the agency's growth targets across corporate, diplomatic, and retail travel lines.
Provide data-driven financial insights to the Board to support capital investments, technology adoption (GDS/booking engine integrations), and new branch expansions.
Evaluate and model profitability across different business segments (e.g., flight ticketing, corporate travel management, visa consulting, luxury tours, and VIP charter services).
→Treasury, FX & Cash Flow Management
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.
Working Capital Control: Manage daily liquidity to ensure seamless settlements through the IATA Billing and Settlement Plan (BSP) and avoid ticketing suspensions.
Maintain strategic relationships with commercial banks, non-bank financial institutions, and FX liquidity providers in Nigeria.
→Credit Control & Revenue Assurance
Establish and enforce strict credit policies for corporate clients, embassies, and government ministries, departments, and agencies (MDAs) in Abuja to minimize bad debt exposure.
Oversee credit evaluation processes and negotiate favorable payment terms with high-volume corporate clients while keeping DSO (Days Sales Outstanding) low.
Oversee commission reconciliations with Global Distribution Systems (GDS, such as Amadeus and Sabre), airlines, hotels, and consolidated travel partners to prevent revenue leakage.
→Regulatory Compliance, Tax & Governance
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.
Stay current on new tax legislation and regulatory adjustments affecting service industries and foreign travel transactions in Nigeria.
Ensure compliance with corporate governance standards, working closely with external auditors to ensure seamless year-end financial audits.
→Financial Reporting & Internal Controls
Deliver accurate and timely monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS).
Implement robust internal control systems to safeguard company assets and prevent fraud in high-volume, multi-currency transaction environments.
Monitor key performance indicators (KPIs) such as Gross Margin Per Ticket, Customer Acquisition Cost (CAC) vs. LTV, and Operating Cash Flow ratios.