Group CFO – UAE 84 views

Job Purpose

The Chief Financial Officer (CFO) is responsible for developing and implementing comprehensive financial strategies that align with the organization’s long-term objectives. This includes optimizing financial performance, ensuring organizational sustainability, and driving growth through informed decision-making.

The CFO will spearhead initiatives to enhance operational efficiency, manage financial risks, and identify opportunities for expansion in diverse markets. This role demands a blend of strategic vision, financial expertise, and leadership acumen to navigate the complexities of a global business environment successfully.

The Job Profile

Strategic Finance and Cashflow Management

The CFO’s role involves managing working capital, hedging against market volatility, and optimizing cash flow with a deep understanding of corporate taxation, international bank relations, and local banking systems and a robust financial strategy for sustaining business growth and mitigating risks

Key Areas of Focus:

Maintaining liquidity and ensuring sufficient working capital.

Implementing effective hedging strategies to protect against currency fluctuations.

Identifying opportunities to cut costs without compromising productivity.

Strategizing on where to expand to maximize revenue growth.

Key Responsibilities

The CFO must oversee the execution of all treasury and working capital activities, including managing cash flows, receivables, inventories, debt financing, risk management, and investment decisions to ensure the availability of capital and operational funds as and when required.

The CFO must ensure the prudent and balanced utilization of funds, guaranteeing that long-term investments are financed with long-term resources exclusively.

Additionally, it is crucial for the CFO to ensure that business units prepare rolling cash flow forecasts and compile these at the group level with a focus on monthly and quarterly bases.

He must update the Board regularly on key treasury issues and actions required, if any.

He will be responsible for strategically managing operations across multiple countries, balancing risk and reward to optimize business performance.

Furthermore, it is imperative to ensure the group and its business entities have appropriate periodic financial reporting systems as per IFRSs.

Another critical responsibility of the CFO is to perform cost-benefit analyses to compare operating programs and new business decisions. This involves critically reviewing financial requests and exploring alternative financing methods as necessary.

It is also essential for the CFO to guarantee that thorough monthly Management Information System (MIS) reports are promptly delivered to the group CEO and Board of Directors, ensuring that all financial data is precise, pertinent, and current.

Fostering and maintaining an open and transparent line of communication with the Board is crucial, ensuring they are consistently informed and engaged with the company’s financial performance and strategic direction.

Professional Expertise and Credentials

The incumbent must have either CA (Chartered Accountant), CPA (Certified Public Accountant), or ICWEA (Institute of Certified Public Accountants of East Africa), which underpin their comprehensive understanding of financial principles and practices.

Leadership and Team Management

A strong individual with a solid background in strategic finance is crucial for steering the company towards its goals. The ability to lead a large team, comprising financial managers, directors, and other key people, is vital for maintaining operational efficiency and driving success.

Technological Proficiency

Proficiency in modern ERP systems such as MS Dynamics 365 or other potential ERP solutions, positions the company to leverage technology for improved financial management and operational efficiency.

Extensive experience in overseeing large-scale business operations and a workforce across diverse regions would be immensely important for the success of this role.

Ideal candidates should possess a robust blend of professional credentials, leadership skills, and technological proficiency. They should be adept at fostering open communication and possess the resilience to navigate a diversified and growing business environment. His strategic mindset and adaptability will be key to driving the company’s success and personal career growth.