Eta-Zuma Group is a company of 8 separate companies with exploration licenses covering diverse solid minerals like iron ore, gold, tantalite, coal, limestone/marble, etc. In April 2009, these eight companies were acquired by Energy and Metal Industries Limited to form the Eta-Zuma Group Limited.
ETA-ZUMA Group is an indigenous conglomerate with interests in diverse strategic sectors of the economy.
The acquisition was spurred by the economic reason to consolidate the diverse licenses into a balanced portfolio that will reduce risk and position the emerging company to exploit emerging market opportunities in a global commodities market that is on a rebound. The acquisition also included Eta-Zuma Group Limited – a key player in the emerging solid minerals industry of Nigeria.
The acquisitions increased the size of the company more than five-fold. The Group re-opened earlier exploration sites and has since invested over $10million in proving reserves of especially marble and opening up new coal reserves and in new plant and machinery.
The headquarters at Abuja currently coordinates mainly exploration activities at all exploration sites especially in the Kogi block now in partnership with the technical partners EMI and the Geological Institute of Ukraine. These activities are projected to see Eta-Zuma-group with a projected minimum turnover of $1bn with management, production, sale and distribution of coal and other minerals supporting thousands more jobs in businesses involved in the supply of equipment, goods and services.
Projections indicate that over 50% of all the coal mined in Nigeria will be produced by Eta-Zuma-group before year 2014 mainly via surface mine sites principally located in the Kogi and Enugu blocks. Most of the proposed coal to be mined will be used for the generation of electricity. The Group plans to process output from its lignite deposits in the Delta block into briquettes and other domestic power fuels for use mainly in the northern parts of Nigeria in keeping with her environmental protection initiatives.Job Summary:
The Chief Financial Officer is responsible for the strategic management of the organization’s financial operations.
The role involves overseeing financial planning, risk management, record-keeping, financial reporting, and ensure compliance with applicable laws and regulations.
Key Responsibilities
Optimization:
Full optimization of financial and accounting modules of the SAP ERP.
Planning:
Assist in formulating and implementing the company’s strategic business plans and supporting tactical financial initiatives.
Develop financial and tax strategies.
Supervise the budgeting processes.
Develop financial performance measures and monitoring systems to support the Company’s strategic direction.
Operations:
Participate in key decisions as a member of the executive management team.
Maintain in-depth relations with all members of the management team.
Oversee the accounting, business partner relations, tax, and treasury transactions.
Oversee the financial operations of subsidiary companies.
Oversee the company’s transaction processing and reporting systems.
Implement operational accounting best practices.
Financial Information:
Oversee the issuance of financial information.
Review and approve all financial regulatory forms.
Report financial results to Executive Management of the Company.
Reporting:
Oversee finance and accounting department, set goals and objectives, and design a framework for these to be met.
Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
Develop trends and projections for the firm’s finances.
Conduct reviews and evaluations for cost-reduction opportunities.
Risk Management:
Understand and mitigate key elements of the company’s risk profile & report relevant issues.
Implement and monitor control systems.
Ensure that the company complies with all legal and regulatory requirements.
Ensure that record keeping meets the requirements of auditors and government agencies.
Maintain relations with external auditors, investigate their findings and issue report with appropriate recommendations.
Treasury:
Oversee the Treasury functions.
Monitor cash balances, cash forecasts and treasury details.
Corporate Finance:
Oversee financial analysis for investments (expansion of existing business or venture into new businesses).
Build financial models to aid investment appraisals.
Provide information for use by the Investment Committee.
Facilitate the engagement and liaison with 3rd party financial advisers for major fundraising initiatives.
Liaise with financial advisers during investment road shows.
Stakeholders:
Ensure team growth and development.
Maintain banking relationships.
Ensure internal and external customer satisfaction.
Qualifications & Experience
Bachelor’s degree in Finance, Accounting, Economics, or related field (required)
Master’s in Business Administration (MBA) or related advanced degree (preferred)
Professional certifications such as CPA, ACCA, or CFA (strongly preferred)
Minimum 15 years of progressive experience in finance, with at least 5 years in a senior leadership role.
Proven track record of strategic financial management in a complex business environment.
Experience in corporate governance, risk management, and regulatory compliance.
Industry-specific experience (e.g., banking, manufacturing, nonprofit, etc.), if applicable.
