The Group CFO manages all accounting & financial processes of the group by planning directing and conductingaccounting activities within the Finance Department by performing the following duties personally or throughsubordinates;
- Responsibility in overseeing all accounting functions such as general ledgers financial statements &cost control systems ensuring that all reporting and bookkeeping is accurate and in compliance withfinancial regulations.
- Oversee the preparation and communication of monthly quarterly and annual financial statements.
- Ensure timeliness and accuracy of financial and management reporting data.
- Oversee the preparation and timely filing of all statutory taxes.
- Oversee the monthend closing process constantly reviewing procedures while eliminating inefficiencies.
- Review all monthend closing activities including general ledger accounts balance sheet accounts and overhead cost allocations.
- Regularly examine financial statements to ensure they are accurate and free of any errors
- Prepare and present month budget vs. actual reports for ownership entities.
- Prepare and present monthly cash flow reports for each ownership entity.
- Analyse accounting reports and make formal recommendations for improvements to reduce costs and increase profits.
- Access & evaluate the financial performance of the organization with regards to goals budgets and forecasts. Provide insight and recommendations.
- Review and ensure application of appropriate internal controls and financial procedures.
- Assure conformity with professional accounting standards and best practices.
- Serve as a key point of contact for external auditors; manage the preparation and support of all external audits.
- Ensure the proper usage of all financial software. Encourage the usage of financial softwares to provide
- financial and operational information. Make suggestions for automating processes and increasing efficiency.
- Manage adhoc Projects related to financial softwares such as Change Requests and requirements for integration. Stay abreast of industry changes and current tax/accounting laws. Determine accounting and tax implication for all material business decisions.
- Represent the Finance Department at Board Meeting and present Financial Reports to Board of Directors.
- Implement new financial policies procedures and processes as deemed appropriate.
- Coordinate and strategize methods to attain team goals and initiatives within the finance department.
- Mentor and develop the finance department team members; managing work allocation systems training performance evaluation and the building of an effect and efficient team dynamic.
Skills and Qualifications;
- Bachelors Degree in Accounting & Finance plus either one of CPA CMA or ACCA
- Certified Public Accountant with 10 or more years related experience
- Skills in financial applications such as MS AX Dynamics Oracle Financial Netsuite or equivalent
- Proficiency in Microsoft Office especially in MS Excel.
- Language skills with ability to read analyse and interpret relevant technical journals financial reportsand legal documents.
- Ability to respond to common inquiries or complaints from customers regulatory agencies or coworkers.
- Ability to effectively present information to top management and boards of directors.
- Strong leadership skills & Detail Orientated