Chief Financial Officer

Job Description : CFO ANGOLA FOR RETAIL 20+ years experience Reporting - Functionally to Group CFO, base at Dubai, UAE Administratively to BU Head Benefits – Food + Accommodation + Ticket + Visa Transport (Tax Free Salaries) Role Ownership: The Group CFO is fully responsible for overall finance & accounting function at the Corp & SBU level. Biz feasibility, financial strategy, Innovation, Internal controls, Working capital management, financial performance & reporting etc. Role Objectives – Immediate /Short Term Establish & Strengthen SBU level biz feasibility structure and practices. Understand and improve current systems and processes in place in Accounting, budgeting, cost control, financial analysis etc.. Map and standardize across the organization Streamline the accounts and finance department at corporate & SBU level Complete a thorough risk analysis of the organization and recommend risk mitigating plans § Start identifying and researching into optimal long term structure and systems Create accountability and a team environment in the department Establish group structure/ Capital structure. Liaise with subject matter experts and create a plan/ strategy at group level Mentor SBU F & A teams Identify 3-5 key processes that need to be improved based on the risk analysis and commence executing these improvements Bring efficiencies in the organization that is reflected on the bottom line Build SBU wise financial performance analysis Operations Review existing SOPs, ensure its completeness. Ensure these are based on best business practices and aligned to current business realities. Suggest improvements, review automation levels and control aspects in various processes. § Review existing ERP setup (SAP), processes implemented, quality of implementation, additional processes which can be automated and recommend general improvements. Identify current cost control mechanisms in the organization, Identify methods and processes by which a reduction in costs can be realized operationally. Review existing delegation matrix, recommend changes to improve efficiency. Ensure controls are in place for proper adherence to the matrices and system to escalate deviations in time. Review cash flow forecast with focus on next 3 months based on the business realities and submit to Group Treasury etc. Regular review of funds position, escalate issues and take proactive actions on meeting cash flow gaps in consultation with senior management. Lower cost of financing by suggesting alternate and creative ways of raising funds Coordinate with Tax Accountant and ensure all details with respect to updation of tax accounts and Taxes etc. are provided in time and legal filings are done in time. Strategize, plan and implement in consultation with experts how to minimize tax liabilities for the group. Risk Management Constantly identify key risks to the organization with regard to finance, legal/tax, accounting, insurance, cost control, contractual and other functions. Document identified risks and develops risk matrix of the Group and possible mitigating plans and actions. Construct and monitor reliable control systems within the group to safeguard various assets, including data & information) of the group. Regular review of these and ensure corrective measures are implemented for cases where the control weaknesses are identified. Review internal audit plan and reports and ensure all observations of the auditors are settled and agreed actions are implemented. Maintain relations with external and internal auditors investigate and implement their findings and recommendations Monitor all open legal issues involving the company, and legal issues affecting the industry. Maintain appropriate insurance coverage for all properties and assets owned by the group. Generate awareness re various policy covenants and ensure adherence to these to an acceptable levels. Monitor all legal filing are done in time and ensure that the company complies with all legal and regulatory requirements. Innovation Always try to improve the organization and department every single day Challenge the Status Quo and identify ways to innovate and implement these Keep up to date with new technology, processes and knowledge Develop innovative processes and systems that take account of local environmental conditions and are adaptable. Organization

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