Chief Financial Officer

Job Description : CFO OMAN 20-25 years experience Chief Financial Officer Purpose of Position: Ensure availability of funds at the lowest possible cost Advice the Organization on matters regarding finances including proper application of funds Safeguard the assets of the company by ensuring appropriate internal controls at all levels Ensure compliance of all statutory requirements pertaining to the Organization including accounting of all financial transactions. Control credit and recoveries. Spearhead IT initiatives in the Organization. To enunciate and put in place sound administration policies, procedures and systems and ensure compliance and implementation thereof. To guide the Company as an Organization in instituting sound HR practices (Good Human Resources Management Practices). Major Roles: Ensure budgets and implement budgetary controls Act as a custodian of all company documents and assets Validate all financial transactions for its genuineness and proper application Sound management on wasteful practices, improper use of financial resources including overshooting of budgets Guide management in the proper use of financial resources Streamline credit processes to ensure recoveries of moneys due. Sound management on the status of businesses and generate MIS. Spearhead computerization efforts in the organization. Support in dissemination of information across organization wherever necessary for smooth operations. On a continuous basis audit functioning of administration policies, procedures and systems and ensure compliance Define and put in place all Organizational HR related processes including defining of the policies, procedures, systems, structure and standard operating procedures. Initiate knowledge management of the Company employees Initiate performance assurance mechanisms in the Company Provide effective supervision to the Administration function and ensure its effectiveness. Major Responsibilities: Prepare budgets within the time frame Prepare monthly accounts with comparison to budgets and variances as per agreed timeframe. Monitor Foreign Currency and take action as per agreed guidelines. Prepare and get the annual accounts audited as per agreed schedule with the auditors Monitor working capital and manage cash flows Monitor capital budgets and ensure within budgets. Negotiate with banks and other financial institutions improved terms with regard to interest, bank and or other charges On a continuous basis audit the managerial processes for understanding wasteful and unsound practices and take corrective actions Establish and ensure compliance of Schedule of Authorities. Establish systems & procedures to monitor credit and recoveries. Design and implement performance assurance mechanisms and ensure compliance in the Organization. Employee cost optimization Ensure compliance of all matters relating to insurance, licenses, government orders and sanctions and renewals thereof. On a continuous basis audit the administration overhead expenses and check for wastages and non- value added expenses for cost reduction. On a continuous basis review administration practices and course correct wherever necessary. Measures (Outputs): Timeliness: budgets preparation, periodic financial statements and reports, annual accounts, audits Cost of funds Implementation of information system – timeliness and utility Quality of administrative services—as perceived by the users

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