Country Chief Financial Officer (12-15 yrs)

Country Chief Financial Officer

Job Description:

1. Financial Planning and Strategy:

- Develop and implement the country's financial strategy in alignment with overall corporate goals.

- Oversee the budgeting and forecasting process, ensuring accurate financial projections.

- Provide strategic financial insights to the executive team to guide decision-making and business growth.

- Ensure that financial goals are aligned with market conditions, economic outlooks, and company objectives.

2. Financial Reporting and Analysis:

- Ensure the accuracy and timeliness of financial reports, including income statements, balance sheets, and cash flow statements.

- Lead the preparation of monthly, quarterly, and annual financial reports, ensuring compliance with local regulations and corporate standards.

- Conduct regular financial analysis to monitor performance against targets and identify areas for improvement.

- Implement financial metrics and KPIs to track company performance and support strategic initiatives.

3. Cash Flow and Capital Management:

- Manage the company's cash flow, ensuring there is sufficient liquidity for day-to-day operations.

- Oversee working capital management, including receivables, payables, and inventory management.

- Identify and manage capital allocation for strategic investments, acquisitions, or business expansion.

- Develop strategies to optimize the capital structure and balance debt vs. equity financing.

4. Compliance, Governance, and Risk Management:

- Ensure compliance with local tax laws, financial regulations, and corporate governance standards.

- Oversee audit processes and coordinate with external auditors to ensure accurate and transparent financial statements.

- Implement effective internal controls to mitigate financial risks, fraud, and errors.

- Continuously assess economic, financial, and operational risks, and develop mitigation strategies.

5. Tax Planning and Optimization:

- Ensure the company adheres to all local tax regulations and manages tax liabilities effectively.

- Work with tax consultants to develop tax planning strategies to minimize tax exposure.

- Manage transfer pricing and other cross-border tax-related matters, particularly for international businesses.

- Ensure compliance with indirect taxes like VAT, sales tax, or GST.

6. Financial Systems and Technology:

- Lead the implementation and optimization of financial systems and ERP (Enterprise Resource Planning) tools to streamline financial operations.

- Explore and implement automation tools and technology solutions to improve efficiency in financial processes (e.g., automation of invoicing, reconciliations).

- Ensure that all financial data is secure and protected against cyber threats and complies with relevant data privacy laws.

7. Investor Relations and Stakeholder Management:

- Maintain relationships with key investors, shareholders, and other stakeholders, providing them with regular updates on financial performance.

- Communicate the company's financial strategy and performance in a transparent and effective manner.

- Support capital raising activities (equity, debt, etc.) when required.

- Participate in shareholder meetings, annual reports, and other communications to enhance stakeholder confidence.

8. Cost Management and Profitability Improvement:

- Oversee cost control measures to improve profit margins without compromising operational efficiency.

- Identify areas for cost optimization and guide business units to achieve financial targets.

- Review pricing strategies and product profitability to ensure financial goals are met.

9. Team Leadership and Development:

- Lead the finance team within the country, including managing and mentoring key finance professionals.

- Ensure that finance team members have access to continuous training and professional development opportunities.

- Foster a collaborative and performance-driven culture within the finance department.

- Ensure effective talent management and succession planning for key finance roles.

10. Mergers, Acquisitions, and Partnerships:

- Assess potential M&A (mergers and acquisitions) opportunities, including conducting financial due diligence and modeling.

- Manage the integration of acquired businesses, ensuring financial and operational synergies are realized.

- Oversee strategic partnerships and joint ventures, ensuring financial alignment and profitability.

11. Business Performance and Strategic Decision Support:

- Provide critical financial input to support business decisions in areas like expansion, pricing, and product development.

- Evaluate new business opportunities, market entry strategies, and investments from a financial perspective.

- Act as a strategic advisor to the CEO and other senior executives on financial matters.

12. Stakeholder Communication and Reporting:

- Act as the primary point of contact for financial matters within the country, providing clarity and insights to stakeholders.

- Communicate with regional/global CFOs to ensure alignment in strategy and operational objectives.

- Ensure timely, accurate reporting of financial results to the parent company or corporate headquarters.