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Group Chief Financial Officer

Mohandessin, Giza
Posted 6 years ago
401Applicants for1 open position
  • 41Viewed
  • 15In Consideration
  • 10Not Selected
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Job Details

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Job Description

Summary:

This position encompasses both the provision of financial advice to the Chairman and Board of Directors, together with assistance to the executive team in the formulation of Company strategy and objectives. These tasks encompass the financial policy of the Company, the administration of financial reporting, financial control, taxation, treasury and internal audit functions and the financial aspects of the external relations of the Company.

Demonstrates high organizational awareness in order to ensure the best allocation of resources to achieve the targets agreed which will inevitably necessitate a high degree of prioritization. Behaves in a way which supports the organization’s goals, takes the lead in collaboration with the CEO's of the affiliated companies and the Group Chairman and the senior management to achieve these goals.

Competencies and Responsibilities:

  • Ensures that the business is performing to its maximum potential and achieving breakthrough targets while complying with all local statutory and reporting requirements and the company Ethics standards and Code of Conduct.
  • Co-ordinates high-quality project proposals including the key role of brand teams in data submission for current and new products introductions.
  • Analyzes complex financial situations, and identifying alternative solutions which may be implemented with little or no disruption to the business while meeting legal requirements.
  • Ensures that all budget holders are fully aware of their individual responsibilities and that they take full ownership of their financial targets/results. Also ensures that they understand the impact their achievement has on the total performance targets.
  • Builds and nurtures a high-performance culture through selection, coaching, counseling, and providing developmental opportunities. Reinforces the approach to leadership development, encourages reward and recognition, is attentive to succession planning needs, and effectively resolves difficult situations.
  • Provides direction and expertise in all finance matters including controls, reporting, analysis, compliance and risk management.
  • Builds and maintains strong relations with all key contacts within and outside the business, including distributors, business partners, financial institutions, external auditors, and local authorities so as to ensure that management decisions are taken in the context of balanced input.
  • Sets out and implements the accounting policies for the company as appropriate in accordance with Egyptian Law and the company’s Accounting Policy.
  • Sets up accounting and internal control procedures to ensure the proper recording of the transactions of the company and to safeguard its assets. Prepares and submits Statutory Financial Returns, including the Annual accounts, in compliance with the Egyptian regulations.
  • Prepares, submits, and agrees on all tax returns to the authorities in consultation with advisers to the company.
  • Sets up and implements reports and systems for the provision of financial information to the management of the company, including product costing, monthly accounting, financial planning, budgeting and financial appraisal of capital expenditure proposals and other management options.
  • Conversant with procurement, sales, marketing, and distribution cycles
  • Prepares and submits periodic management accounting returns including Long Range Plan, Annual Budget, Monthly Financial Return, Capital Expenditure Reporting and Cash Flow Statements.
  • Formulates funding policy and the management of the company’s cash resources and borrowing requirements.
  • Provides pro-active, high-quality financial information to enhance the decision-making process.

Job Requirements

  • Professional accountancy and/or MBA with specialization in Finance
  • Must have knowledge of the business matrix and the external environment.
  • Demonstrated ability to be a leader within a senior management team providing financial guidance and business advice to the CEOs and Chairman and his/her team.
  • Financial and management reporting within a highly geared reporting environment and to all levels of management while keeping to tight deadlines.
  • Ability to communicate effectively at all levels
  • Ability to influence others and resolve conflict within an environment of tight budgetary control.
  • Managing the budgeting and performance reporting process to ensure the continued achievability of results.
  • Experience in dealing with external auditors, consultants and Governmental entities
  • The structured approach and ability to deal with multiple issues simultaneously
  • Willingness to take rapid action on issues in order to ensure financial commitments are achieved and minimize the negative impact of change/disruption of the initiative.

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