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Amaecom Global Hiring Head, Finance And Head, Human Resources

By
Tekedia Editors
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Amaecom Global Hiring

Head, Finance

Amaecom Global Ltd (http://amaecomglobal.com) is an indigenous company registered in Nigeria with the Corporate Affairs Commission to provide financial services in areas of consumer and corporate business asset acquisitions, covering both private and public sectors. Our services range from asset acquisition to hire purchase financing through two core products – PayNow PayLater and Instant Loan.

We are currently seeking  Head, Finance in the finance department. This position will report directly to the CEO. The role covers strategic finance, portfolio and credit risk management, accounting, and compliance. It requires creating financial models analysis and advice on financing, researching structural tax strategy, and developing reporting packages to executive management and at times investors. In addition, this position will manage banking relationships, monitor balance fees, seek improved efficiency in overall cash management & costs. We are seeking a candidate who desires a long-term career opportunity with a successful company in the asset leasing/financing industry.

Essential Duties and Responsibilities

Tasks-Duties-Responsibilities imperative for this position:

  • Perform portfolio performance analysis including IRR, Yield, NOI, etc. developed from published historical and forward looking financial statements
  • Develop knowledge of and ability to advise on tax structure, modeling and forecasting.
  • Develop and maintain metrics driven reporting and strategy to communicate information to executive management used for understanding and improving our core business
  • Develop and report on new market financial modeling
  • Monitor, Manage, Analyze and Advise on company debt and interest rate environment as it pertains to current, future and expiring lease products to achieve the best cost of capital available, leverage ratios, and refinancing in line with company return objectives
    • Develop detailed understanding of asset financing markets to aid access to the best possible financial model based on company’s current product and strategy
    • Develop reporting and analysis metrics to identify interest rate and debt risk in advance and provide strategy on how to mitigate
    • Develop expertise in the financing structures utilized in the industry to enhance strategy internally
    • Develop contacts and networking to assist access to pertinent data to help drive the cost of capital down
  • Develop a comprehensive accounting compliance reporting package that also tests and predicts risk in covenant violations based on financial performance trends
  • Perform monthly, quarterly and annual debt/risk/financing reporting
  • Assist IT in developing a management dashboard with real time, dynamic data necessary to enhance executive management’s business decisions
  • Responsible for Overall Financial Management including, but not limited to, banking relationships, lender relationships, and online Financial functionality
  • Maintain and enhance monthly and annual budgeting and forecasting for all funds, markets and operating companies
  • Complete Ad-Hoc projects needed by CEO

Minimum Qualifications (Knowledge, Skills and Abilities)

  • Bachelor’s degree in accounting, finance, or related field
  • 5-7 years of previous accounting and financial experience.
  • Advanced Financial Analytical Skills
  • Ability to Operate and Report Strategically
  • Well informed in current financial subjects, accounting, tax laws, asset leasing/financing and business environment
  • Excellent Communication Skills
  • Strong report design and presentation skills
  • Ethical Conduct.
  • Thoroughness
  • Performs with minimal supervision

Location: Abuja, Nigeria

Application Closing Date
27th September, 2018.

Method of Application
To Apply: Send your resume to job@fasmicrogroup.com

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Head, Human Resources

Amaecom Global Ltd (http://amaecomglobal.com) is an indigenous company registered in Nigeria with the Corporate Affairs Commission to provide financial services in areas of consumer and corporate business asset acquisitions, covering both private and public sectors. Our services range from asset acquisition to hire purchase financing through two core products – PayNow PayLater and Instant Loan. We are currently seeking Head, Human Resources to lead the human resources unit of our business. This position will report directly to the CEO.

Responsibilities

  • Ensures all training and development activities are strategically linked to the organization’s mission of delivering superior asset leasing/financial solutions in Nigeria and Africa.
  • Identifies performance gaps and works with managers to develop and implement appropriate training to improve performance.
  • Monitor and evaluate training program’s effectiveness, success and ROI periodically and report on them staff performance.
  • Makes any necessary adjustments to training methodology and/or re-trains as appropriate.
  • Oversee implementation of Amaecom’s performance management system to ensure it is objective, equitable, transparent and merit-driven
  • Assists management in the annual review, preparation and administration of Amaecom’s salary productivity target.
  • To lead and support the development and implementation of HR policy across all departments in Amaecom including improving performance, maximizing attendance and providing effective management of change.
  • Coordinate the Human Resource Department activities and conduct periodic meetings to define goals/targets and agree work plans, consistent with the overall corporate targets.
  • Coordinate the preparation and effective monitoring of the Human Resource budget (including the compensation and training budgets), ensuring cost-justified execution of all human capital activities.
  • Act as a change agent on major project initiatives by Amaecom by facilitating and ensuring proper planning and execution of programs to address the human side of change
  • Provide management with key human capital information operational to facilitate informed strategic decision making and control
  • Implements human resources strategies by establishing Department’s accountabilities, including talent acquisition, staffing, employment processing, compensation, safety & health and welfare benefits, training and development, records management.

Qualifications and Requirements

  • Bachelor’s degree in Business Administration, Human Resources Management, Psychology or a related discipline
  • A higher degree (MBA, Masters in relevant field), relevant professional certifications may be an added advantage
  • At least 7 years’ experience in a financial sector preferably Microfinance bank, Asset Leasing/Financing, which at least two (2) must have been at a supervisory/managerial cadre.
  • Familiarity with traditional and modern training methods mentoring, coaching, on-the-job or in classroom training, e-learning, workshops, simulations etc
  • Track record in designing and executing successful training programs (an advantage)
  • In-depth understanding and hands-on experience of HR strategy articulation, implementation and HR operations.
  • Ability to think strategically, innovatively and creatively to appreciate the systematic impact of various policies, practices, issues and solutions on HR.
  • Good understanding of the financial sector most preferably microfinance, socio cultural, economic and demographic patterns and implications for HR management
  • Excellent communication, report writing, presentation and inter-personal skills.
  • Strong leadership, culture building and people management skills.
  • Integrity, ethical standards and values.
  • High sense of responsibility, accountability and dependability.

Location: Abuja, Nigeria

Application Closing Date
27th September, 2018

Method of Application
To Apply: Send your resume to job@fasmicrogroup.com

 

Making the Decision on your Nigeria’s First Job

By
Ndubuisi Ekekwe
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5
Nigeria's First Job

Fresh Graduates: Do not be trapped in the illusion of the “best jobs”. In Nigeria, most times, the best jobs are the ones that PAY highest. You may not like, say a bank job, because of the extreme intensity of waking up at 5am and making it home at 10pm in Lagos. But usually, at the end of the month, bank jobs deliver great digits when the alerts come. Nonetheless, you do not like that job because it could break you.

That makes sense; yet, you do not have to stay there for long. All you need is to map a strategy, say within 3-5 years to pivot to something else but taking advantage of the fact that the future can be funded with the bank job. That brings the issue of the accumulation of capabilities. The bank job brings more money and you can deploy that money in developing your skills and capabilities. By the time you are done, you could move into a new sector, possibly at management level where they can pay you well.

There, the possibility of having that hobby-job becomes a possibility. But at the early stage, it is always good in Nigeria to take a job that can help to further develop yourself beyond the undergraduate university level. The impact of having a high paying job at the early phase of your career cannot be over-emphasized. The hobby-job is good, we all like it, but it makes sense to take a sacrifice and earn higher wage before settling to your hobbies as work.

Learn to Partner in Nigeria, Your Business Will Go Further

By
Ndubuisi Ekekwe
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1
Lean to Partner

In Nigeria, we are not used to partnership. Everyone wants to do his or her own thing. Sure, our legal systems are extremely inadequate to protect people. The implication is that most hate to collaborate and partner with others. That is a mistake.

Many Nigerian banks went under during the consolidation program of Prof C. Soludo (former Central Bank of Nigeria governor) largely because some owners did not want to band together. Some companies in Nigeria could have been saved if the spirits of mergers and acquisition (M&A) are alive in the nation. Take a trip to Aba, Osogbo and Kano, many of those failed businesses could have been saved if the owners had come together to build a better single company. Unfortunately, in Nigeria, that does not happen.

Typically, Nigeria is not good with mergers & acquisitions. We like to be 100% in charge. That is bad. From Aba to Kano, Osogbo to Uyo, you would see guys killing visions purely because they do not want to TEAM up and build something greater.

Sure – I get it. We do not trust one another that much. So, if that is the case, there is no clear basis for partnership. Unfortunately, that is a lame excuse. Nigerian legal system is emerging and if you follow it properly, the risks are as what you have in most parts of the world. The problem is that the partnership was done in a beer parlor with no clear responsibilities, rules and defined modalities. Simply, it was created on chaos because it was not done professionally.

To thrive in business, especially in Africa, where our markets are extremely heterogeneous, requiring huge marginal costs for scaling, across disparate territories, you need to develop a mechanism to partner with others. With partnership, you would reduce the burden of massive operating capital, mitigate new market exposures, reduce operating risks and typically move faster.

Aba leather would grow with more collaborations [source: techeconomy]
For those that frequent my blog Tekedia, the first phase of any product introduction is looking for partners. Most times, we do not even pay a lot of attention to the go-to-market. We believe that if we have a good product, our local partners will help us find the right entry strategy, locally. As we receive feedbacks from them, we share with others, ramping up progress. Partnership is strength; do not run away from it. If you are skeptical about entering one, talk to a trusted attorney to guide you.

Simply, you need to learn to partner to go further.

The Biggest Failure is NOT Fixing Things that Lead to Failures

By
Ndubuisi Ekekwe
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3
Failure management

Whenever you have a setback, besides looking at the outcome, spend more time on the process that leads to that failure. A student who graduated with a poor grade in a university should examine his/her actions in school. It is only by looking at that process that the student will avoid repeating poor grades in future life endeavors.

Sometimes, poor grades could be due to misalignments: you applied for course A, you ended up with Course B because you just wanted to matriculate for college education. But we also have extremely lazy students who made bad choices: sleeping when others were studying. Not fixing those attitudes would result to future life failures.

Source: Titanium Success

If you worked hard, gave your best and ended up with poor grades: the world has a future for you. That attitude will lead to opportunities. Do not beat yourself down because of failure. Rather, make sure the cause of that failure is not systemic.

Companies hire top graduating students not necessarily because they are the smartest BUT because being the top of the class symbolizes dedication, commitment, and focus.  The implication is that if the student (now worker) commits to those principles at work, the company will win. Simply, grades are barometers to ascertain your tenacity level: are you a person that can get something done or someone who does not care? The differences between A and B are marginal; simple things but with huge impacts.

I was a bookworm in university: yes, the too-much reading type because I knew I was not the smartest in class. But I knew if I worked hardest and smartest, I would come on top. That is a principle I apply in life: put extra efforts to mitigate deficiencies in capabilities and quickly learn and advance.

The biggest failure is NOT fixing things that lead to failures.

Uber Should Exit Self-Driving Business

By
Ndubuisi Ekekwe
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0
Uber CEO
Dara Khosrowshahi, CEO of Uber, speaks during an event at the Uber DC Green-light Hub April 11, 2018 in Washington, DC. / AFP PHOTO / Brendan Smialowski (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

Uber is the category-king ride-hailing business in North America. It makes more money than all the competitors in North America combined. But Uber made a very poor strategic decision many years ago: getting into self-driving business.  Sure, Uber’s major cost element is drivers, and removing drivers will improve its margins. But that argument does not account for the fact that Uber is not the right company to bring to fruition the generation-shaping technology leap of autonomous vehicles. Simply, Uber is a cash-poor company to fund and develop self-driving cars.

Uber sunk between $125 million and $200 million per quarter into the division over the past 18 months, amounting to 15% to 30% of its quarterly losses. The company, which is gearing up to go public in 2019, revealed that it lost $404 million in the second quarter. (Quartz Newsletter)

The best thing for Uber is to continue to grow its community, as a leading aggregator, making sure that anyone that has self-driving cars will call Uber first before any other person because it has the user numbers. Self-driving cars will need platforms to work: Uber has the largest users in its core North American markets. Besides, there is nothing that says that Uber cannot buy these cars from the makers. Making cars, especially the ones many ride on Uber, is a commoditized business where margins are hard to get. Financially, it may be cheaper for Uber to order them in bulk than making them itself.

Google can fund a self-driving business; it has the ad business, the best in the world, which generates free cash. Apple can get into that business; it enjoys great margins on its iPhone business. But Uber is technically a startup and cannot afford decade-long investment to develop autonomous vehicles.

That distraction of self-driving cars has cost the company in many ways. Without the money-losing self-driving unit, Uber would have competed better in China and other markets it lost. There is no reason to continue to sink that cash into something that does not have much strategic value. Yes, Uber should sell that unit, invest more in its core business of connecting users and drivers, and strike strategic partnerships with Google, Tesla, GM and others, waiting for them to make these self-driving cars. Because it has the largest platforms, these entities will gladly consider Uber whenever the time arrives. And even if they do not, Uber buying in bulk will not feel the pains that it did not make the cars in-house.

It is about returning to the edges of the Smiling Curve.

And when you are there, remembering that under the nexus of Aggregation Construct, value comes when you do not have to do the hard work by yourself.

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