Chief Financial Officer - CFO

Job Description

Job Purpose:Responsible for overseeing and assessing the financial state and records of the company including strategic planning, financial reporting, risk management, cost control, budgeting and forecasting, treasury management financial analysis, partnership compliance and investment management.Key Responsibilities include but are not limited to:

• Manage and control all financial-related activities of the company.
• Assist in the development of corporate strategy and formulate strategic and long-term business plans providing recommendations to the CEO and the executive management team members.
• Assess the current financial state of the company, itsfinancial records and accounting books, and maintain the safeguarding role of the company assets.
• Control & Plan financial operations according to generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS) and established procedures and guidelines.
• Establish system controls for new accounting systems and develop and implement financial policies, procedures and accounting standards.
• Manage the processes of financial forecasting and budgets including operating budget and annual company operating budget.
• Prepare and present monthly financial budgeting reports, monthly profit and loss, forecast vs. budget by department.
• Review and analyze monthly financial results and provide recommendations.
• Manage accounting activities which encompasses: ledger accounting, cost and revenue allocation, accounts receivable and payable, consolidation and closing while ensuring compliance with local financial authorities and International accounting standards.
• Oversee the preparation and presentation of quarterly and annual consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) or Local accounting (GAAP).
• Ensure that all finances are properly administered and monitored, including credit control.
• Ensure that appropriate financial regulations and controls are in place and in use at all times.
• Ensure the financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS).
• Manage the Accounts Payable/ Receivable and collection.
• Manage cash flow planning process; monitoring and interpreting cash flows and predicting future trends.
• Prepare monthly analysis of income and operational expenses.
• Supervise and audit the due diligence process and prepare feasibility studies for new businessopportunities and projects.
• Suggest solutions for process improvements; identify process bottleneck and implement solutions.
• Identify opportunities to reduce operating costs by maintaining the quality of the products and services offered by the company.
• Ensure adequate assessment and mitigation of risk and compliance with applicable regulatory or other legal requirements.
• Develop financial management mechanisms that minimize financial risk.
• Provide leadership, direction and management of the payroll and accounting team.
• Direct internal audits involving review of accounting and administrative controls.
• Prepare external audit materials and external accounting reporting.

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