Group Chief Financial Officer

Job Description : GROUP CFO EAST AFRICA Company: One of the Largest Conglomerate in Retail Business, Textile/Apparel Business and Manufacturing Business Role: Chief Financial Officer (CFO of entire 7+ Group Companies) MUST: must have handled USD 3000M business of a company. Should be from a Listed Organisation. Must have lead CFO role for few years in current and previous companies Should have been in CFO position for mid / large size diversified company Reporting to: Board/Managing Director Supervises: VP - Accounts & Taxation VP - Divisional F&A GM - IT GM - Legal GM - Treasury GM - Divisional F&A Education CA + MBA preferred Job Summary: As a member of the senior leadership team, the CFO will be an advisor to the Top Management & divisional heads for evaluating and assisting them with their financial & business planning. Responsible for overseeing all fiscal and fiduciary responsibilities for the organization, in conjunction with the board of directors and the finance, audit, and investment committees of the board. Duties & Responsibilities: Devise a model for each business for online tracking. Partner with the Top Management and Divisional Heads to assess organizational performance against both the annual budget and the group's long-term strategy. Do gap analysis on the financial performance and evolve strategies for optimization. Oversee the long-term budgetary planning and cost management in alignment with the company's strategic plan. Ensure the company is System & Process driven and standardize SAP / SOP / Processes / Systems. Ensure all support functions have SLA's / KRA's and add value. Improve Operating expenditure management through volume purchases / Effective vendor management policies & develop strong synergies between vendor management / Contracts / procurement / billing / Internal Audit. Oversee the budgeting, financial forecasting, cash flow and coordination of audit activities as well as accounts payable and receivable for the divisions. Monitor that all accounts, ledgers, and reporting systems to ensure compliance with appropriate Accounting Principles & standards, Statutory & Regulatory requirements, and as per the company's SOP. Maintain internal control safeguards and coordinate for all audit activities to ensure compliances in all aspect to protect the company's interest and mitigate risk Anticipate and raise resources on a need based, cost effective manner to meet funding need. Monitor use of funds in capital projects & Working Capital. Ensure that all capital projects are presented with timelines for implementation, related Financing Plans, ROI / Payback calculations and sensitivity analysis. Establish a process to monitor / Reconcile Capital Expenditure post approval and ensure data integrity in the evaluation of project returns and holdings of realized gains. Develop and implement a risk management policy to ensure regulatory compliance and effective risk management - embedded risk management and controls from transactional processing to financial reporting. Coordinate and lead the annual audit process, liaise with internal / external auditors and the finance committee / board of directors to assess & recommend changes as necessary

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