Finance Pillar

Chief Financial Officer (CFO)

Head of Finance Pillar — oversees funding, accounting, treasury, financial reporting, tax compliance, internal audit, and liquidity management.

Departments

Roles

Pillar KPIs

Top-level metrics that drive this pillar's success

Financial Health

Are we making money? Is cash flow positive? Can we sustain and fund growth?

Reporting Accuracy

Are all transactions recorded and reconciled correctly? Zero errors.

Investor Returns

Are we paying Frag holders their income on time and accurately? This is trust.

Tax & Regulatory Compliance

Are all tax filings submitted on time? No late penalties.

Budget Discipline

Are we spending within plan? Is the company financially controlled and predictable?

Departments & Roles

Click on any role to see its key deliverables

Finance & Funding

1 role

CFO

Chief Financial Officer — leads financial strategy, capital planning, budgeting, and overall financial health of the company.

Finance & Funding

5 KPIs

Revenue target hit?

% of monthly revenue goal achieved

Capital raised vs target

₦ raised vs planned fundraising target this quarter

Cash flow forecast accuracy

Projected vs actual cash flow — within 5%?

Budget variance

% difference between planned vs actual spend — lower = better

Cost of capital

Average interest/equity cost of new funds raised

Accounting

1 role

Chief Accountant

Oversees all accounting operations — ledger management, reconciliations, and month-end close.

Accounting

5 KPIs

Transactions recorded on time

% of financial transactions posted within 24 hours

Month-end close time

Days from month-end to books closed — lower = better

Reconciliation accuracy

% of ledger accounts reconciled with zero discrepancies

Invoices processed on time

% of payables and receivables processed by due date

Accounting errors per month

Number of journal entry errors — target: zero

Treasury

1 role

Treasury Manager

Manages cash positions, banking relationships, short-term investments, and working capital efficiency.

Treasury

5 KPIs

Days of cash on hand

How many days can we operate on current cash reserves?

Treasury investment returns

% return on short-term investments of idle funds

Bank reconciliation accuracy

% of bank statements reconciled with zero errors

Working capital ratio

Current assets vs current liabilities — target above 1.5x

Operational cash buffer maintained

Is 3-month operating cash reserve always in place?

Reporting

2 roles

Financial Reporting Manager

Produces accurate monthly, quarterly, and annual financial reports for leadership and investors.

Management Accountant

Prepares internal management accounts and performance reports to support business decision-making.

Reporting

5 KPIs

Financial reports delivered on time

% of monthly/quarterly reports submitted by deadline

Report accuracy rate

% of reports with zero material errors on first submission

Frag holder income statements on time

Returns and income reports sent to investors on schedule

Management accounts on time

Internal P&L and performance packs delivered to leadership

Investor reports accuracy

Zero discrepancies in Frag holder ROI and payout reports

Tax

2 roles

Tax Manager

Oversees all tax planning, filing, and compliance — ensuring zero late submissions or penalties.

Tax Compliance Officer

Handles day-to-day tax filings, VAT returns, and ensures regulatory tax obligations are met.

Tax

5 KPIs

All taxes filed on time

100% on-time filing — CIT, VAT, PAYE, withholding tax

Tax penalties incurred

₦ in late filing or underpayment penalties — target: zero

VAT reconciliation accuracy

VAT returns match actual transactions — zero discrepancies

Effective tax rate

Actual tax paid as % of profit — is our planning working?

Tax audit outcomes

Any adverse findings from FIRS/state revenue audits — target: zero

Audit

2 roles

Internal Auditor

Conducts independent reviews of financial controls, processes, and compliance across the company.

Audit & Controls Officer

Monitors internal controls, tracks audit findings, and ensures corrective actions are implemented on time.

Audit

5 KPIs

Internal audit plan completion

% of scheduled audits completed on time each quarter

Critical findings resolved on time

% of high-priority audit issues fixed within agreed deadline

Control compliance rate

% of internal controls operating effectively

Fraud incidents detected

Number of fraud or financial misconduct cases caught — trend down

Repeat audit findings

Number of issues flagged in two consecutive audits — target: zero

Liquidity Management

2 roles

Liquidity Risk Manager

Monitors and manages the company's liquidity position — ensuring Frag holder payouts and obligations are always funded.

Investment Portfolio Manager

Manages short-term investment of idle funds to maximize returns while maintaining liquidity.

Liquidity Management

5 KPIs

Frag holder payouts funded on time

100% of investor income disbursements made on schedule

Liquidity coverage ratio

Can we cover 30 days of outflows from liquid assets? Target: above 1.0x

Short-term obligations met

% of due payments honoured without delay

Liquidity stress test pass rate

Do we pass our quarterly stress scenarios? Target: 100%

Cash conversion cycle

Days between cash out and cash back in — lower = healthier