Chief Financial Officer

Job Description : CFO ANGOLA Reporting To: Group CEO Executive Summary: The CFO is fully responsible for the accounting and finance functions of the organisation. Desired Profile: CA/CPD Qualified, 15-20 years of experience and last assignment should be of a GM/CEO Finance and Accounts with a reputed organization. Should have worked in a factory/retail setup environment. Key Duties/Responsibilities: 1. Accounting a. Ensure accounting standards are being followed b. Place controls in place and monitor them c. Ensure duties are allocated and accountability is developed in the department d. Study and streamline processes and bring efficiencies in the organisation e. Ensure reconciliations are regular f. Ensure management reports capture the required information across the whole group and a consolidated picture can be provided. 2. Forecasting, Budgeting & Cash Flow a. Develop systems to use historical information to forecast for short term purposes b. Use the above information to plan ahead on an annual basis c. Review and identify this forecast vs actual to determine lapses d. Create accountability for budgeting in the various departments and review the budgets on a monthly basis e. Create uniformity across SKU's or cost centres across the organisation to better manage information. f. Develop processes and systems for effective cash flow management. 3. Cost Control a. Identify current cost control mechanisms in the organisation b .Identify methods and processes by which a reduction in costs can be realised operationally. c. Train staff to undertake operational works with cost control in mind d. Work with the team to implement new cost control mechanism based on Kaizen and other lean based theory. 4. Tax a. Maintain an expert knowledge of taxation regulations, law and current practices b. Review the whole group structure and methods by which we can be more tax efficient c. Strategize, plan and implement in consultation with experts how to minimise tax liabilities for the group. 5. Risk Management a. Constantly identify key risks to the organisation with regard to finance, tax, accounting, insurance, cost control, contractual and other functions. b. Conduct a risk analysis and plan strategies for mitigation of these risks c. Implement risk mitigation strategies in the organisation d. Review and understand all the company liabilities incl. contractual, leases, insurance, loan covenants etc. 6. Group Structure/Capital Structure a. Review the complete group structure and assets of the organisation at present b. Liaise with experts to plan how we can improve the group structure for ease of management, planning and reporting and bring efficiencies within the group. 7. Finance a. Review our financial status incl. usage of assets, financing costs, cash flows, options for financing, liquidity etc b. Develop mechanisms to ensure efficient use of finance within the organisation i.e. ROI ratios, or ROA ratios that can be implemented c. Identify methods on how we can optimise and reduce our financing costs, what are our collaterals, what is the risk associated with finance, how this can be reduced and controlled. d. Create a long term finance strategy for the organization. 8. Innovation a. Always try to improve the organisation and department every single day b. Challenge the Status Quo and identify ways to innovate and implement these c. Keep up to date with new technology, processes and knowledge d. Develop innovative processes and systems that take account of local environmental conditions and are adaptable. 9. Team Building and Culture Development a. Create a culture that embodies the company values in the team b. Develop, Mentor and train team members to maximise their potential c. Develop accountability and create tasks and goals. 10. Dealing with External Stakeholders a. Represent the company to key external stakeholders in a professional manner b. Ensure negotiations are completed achieving company objectives. Key Objectives: Short Term (1-6 Months) 1. Understand all the group operations, assets, structure and practices. 2. Understand the current systems and processes in place. Implement any small quick improvements; keep track of larger improvements that can be made on the basis of risk exposure. Map and standardise across the organisation 3. Streamline the accounts and finance department 4. Complete a thorough risk analysis of the organisation 5. Start identifying and researching into optimal long term structure systems. 6. Create accountability and a team environment in the department Long Term (6-12 Months) 1. Liaise with subject matter experts and create a plan/strategy for a group structure. 2. Start implementation of this strategy across the group 3. Identify 3-5 key processes that need to be improved based on the risk analysis and commence executing these improvements. 4. From 1 & 2, bring efficiencies in the organisation that is reflected on the bottom line. What is expected from the CFO? 1. He is expected to develop a team culture on the basis of being humble and with a lack of ego but with a clear vision, authority and drive. 2. He has to fully understand our business thoroughly from the ground up incl. our structures and present systems and processes prior to suggesting any major changes 3. He is expected to take initiative for his department in improving accountability and team spirit 4. He has to keep up to date on his knowledge base incl. practices at other organisations, regulatory changes and other aspects. 5. He should be constantly thinking of ways to drive excellence through organisation and in everything that we do incl. how we structure, how we reduce tax liability, how we process certain aspects 6. He should use the full resources of our team that we have with interdepartmental coordination and break down the silos that exist. 7. Have a positive outlook and be a solution finder.

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