Roles and responsibilities
1. Financial Strategy and Planning
- Financial Leadership: Lead the development and execution of the organization’s financial strategy, ensuring it aligns with overall business goals and growth objectives.
- Capital Management: Oversee the management of the organization’s capital structure, ensuring adequate funding for operations, investments, and growth while maintaining financial stability.
- Forecasting and Budgeting: Lead the financial forecasting and budgeting process, including cash flow, income statements, and balance sheets, ensuring the organization’s financial position is optimal.
2. Cash Flow Management
- Cash Management: Ensure the organization has adequate liquidity to meet its operational needs, managing cash flow effectively to support day-to-day activities.
- Treasury Operations: Oversee the management of bank accounts, payment systems, and treasury operations, optimizing the use of working capital.
- Cash Flow Forecasting: Develop short-term and long-term cash flow forecasts, monitoring actual performance against projections and taking corrective action as needed.
3. Risk Management
- Risk Identification and Mitigation: Identify financial risks (e.g., market, credit, liquidity risks) and develop strategies to mitigate these risks, including the use of hedging, insurance, and other financial instruments.
- Compliance and Controls: Ensure compliance with financial regulations, accounting standards, and internal controls. Implement policies to safeguard the organization’s assets and ensure the integrity of financial reporting.
- Insurance Management: Oversee the organization’s insurance program, ensuring proper coverage to protect assets and minimize financial loss from unforeseen events.
4. Investment Management
- Investment Strategy: Develop and oversee the organization’s investment strategy, including the allocation of surplus cash into investments such as stocks, bonds, and other financial instruments.
- Portfolio Management: Manage the organization’s investment portfolio to maximize returns while minimizing risks, in line with the company’s financial goals.
- Capital Allocation: Assess investment opportunities and make recommendations to senior leadership regarding capital allocation for new projects, mergers, or acquisitions.
5. Debt Management
- Debt Strategy and Structure: Oversee the organization’s debt portfolio, managing existing debt and negotiating new debt when needed. Ensure the proper mix of short-term and long-term debt for optimal financial performance.
- Lender Relationships: Develop and maintain relationships with financial institutions, lenders, and investors to secure favorable financing terms and conditions.
- Debt Repayment and Refinancing: Manage debt repayment schedules and explore refinancing opportunities to optimize the company’s cost of capital.
Desired candidate profile
1. Education & Qualifications
- Bachelor’s Degree in Finance, Accounting, Economics, or a related field (required).
- Master’s Degree in Business Administration (MBA), Finance, or Accounting is preferred.
- Professional Certifications such as CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or CTP (Certified Treasury Professional) are highly desirable.
2. Professional Experience
- 10+ years of progressively responsible experience in finance or treasury roles, with at least 5 years in a leadership or management capacity.
- Proven experience in managing financial risk, overseeing treasury operations, and leading financial strategy in large organizations.
- Solid understanding of corporate finance, capital markets, and investment management, with the ability to create and implement effective financial strategies.
- Experience in managing debt structures, cash flow forecasting, and working with external financial partners such as banks, auditors, and investors.
- Familiarity with mergers and acquisitions and other strategic financial initiatives is an asset.
3. Skills & Competencies
- Strategic Thinking: Ability to develop long-term financial strategies that align with organizational goals and ensure financial stability.
- Financial Expertise: Strong knowledge of capital markets, cash flow management, financial analysis, and investment strategies.
- Risk Management: Expertise in identifying financial risks (e.g., market, credit, liquidity) and implementing effective mitigation strategies.
- Leadership and Team Management: Ability to lead and manage treasury teams, inspire performance, and ensure the team meets operational and strategic goals.
- Communication Skills: Excellent verbal and written communication skills, with the ability to convey complex financial information to both financial and non-financial stakeholders.
- Problem-Solving: Strong analytical and problem-solving skills with the ability to make informed, data-driven decisions.
- Project Management: Experience in overseeing large-scale financial projects, such as system implementations, risk management initiatives, and capital budgeting.
4. Key Attributes for Success
- Attention to Detail: Ability to oversee and ensure the accuracy of all financial operations, reports, and controls.
- High Ethical Standards: Strong commitment to maintaining integrity and adhering to all regulatory requirements, corporate governance, and compliance standards.
- Relationship Management: Ability to build and maintain strong relationships with key stakeholders, including banks, investors, auditors, and regulators.
- Adaptability: Ability to adapt to changing financial environments and make strategic adjustments to financial planning and execution.