Director Finance

Ingredion; Pakistan; On-site; PKR 2,750,000 - 3,500,000; Full time

Job summary

An established industry player is seeking a Director of Finance to lead financial management and strategy. This pivotal role involves overseeing budgeting, forecasting, and compliance while ensuring financial health through risk management and strategic recommendations. The ideal candidate will possess extensive experience in finance, strong leadership skills, and a proven track record in driving performance. Join a globally connected team dedicated to creating possibilities and achieving excellence in financial operations. If you're ready to take on this challenge and make a significant impact, this opportunity is for you.

Qualifications

• 12-15 years of finance experience with 5 years in leadership roles.
• Strong knowledge of financial principles and regulations.

Responsibilities

• Oversee financial management, budgeting, and forecasting processes.
• Develop financial strategies to support growth and profitability.

Skills

Leadership

Strategic Thinking

Financial Acumen

Communication

Problem-Solving

Change Management

Education

Chartered Accountant

ACCA

Tools

Financial Management Software

Job description

LOCATION: Rakh Canal Plant, Faisalabad

REPORTS TO: CFO & COO

DIRECT REPORTS: 2-3

Company Background:

Rafhan Maize is an affiliate of Ingredion Incorporated in Pakistan. Our strategy is a unique blend of volume growth and operational excellence. We are pursuing a tri-dimensional strategy to grow organically, geographically, and by broadening our ingredients portfolio. If you are inspired by professional challenges and the rewards that come from a high level of performance, then Ingredion (Rafhan Maize) is the company for you. At Ingredion (Rafhan Maize), you can be a member of a globally connected team inspired to achieve great things.

We don’t just make ingredients. We create possibilities. Be What’s Next with us.

The Director Finance is a key member of the executive team, responsible for overseeing the company’s financial management, ensuring sound budgeting, forecasting, and financial reporting processes. They will develop and implement financial strategies that support the company’s growth and profitability. This role also involves ensuring compliance with all financial regulations, maintaining strong relationships with investors, auditors, and other financial stakeholders, and overseeing the audit process. The Director Finance will ensure the company's financial health by managing financial risks, implementing financial systems, and providing strategic recommendations to support the company's growth and profitability.

Core Responsibilities:

Financial Planning and Analysis (FP&A):

• Strategic Financial Planning: Develop and implement long-term financial strategies that align with the company's goals and objectives.
• Budgeting and Forecasting: Lead the budgeting process, including the preparation of annual budgets and financial forecasts.
• Financial Analysis: Conduct financial analysis to identify trends, variances, and opportunities for improvement.

Financial Reporting:

• Financial Statements: Oversee the preparation and presentation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Regulatory Compliance: Ensure compliance with all financial regulations and standards.
• Internal Reporting: Provide regular financial reports to the executive team and board of directors.

Treasury Management:

• Cash Management: Oversee cash management, ensuring optimal liquidity to meet the company's operational needs.
• Banking Relationships: Manage relationships with banks and financial institutions to secure favorable terms and conditions.
• Investment Strategies: Develop and implement investment strategies to maximize returns on excess cash while managing risk.

Credit Control:

• Credit Policies: Develop and enforce credit policies to ensure timely collection of receivables and minimize bad debts.
• Credit Risk Assessment: Evaluate the creditworthiness of customers and set appropriate credit limits.
• Collections Management: Oversee the collections process, ensuring timely and efficient recovery of outstanding receivables.

Risk Management:

• Risk Assessment: Identify and assess financial risks, including market, credit, and operational risks.
• Mitigation Strategies: Develop and implement strategies to mitigate financial risks and protect the company's assets.
• Insurance Management: Oversee the company's insurance programs to ensure adequate coverage and cost-effectiveness.

Audit:

• Audit Oversight: Oversee the audit process, including the selection and management of external auditors.
• Internal Controls: Ensure the implementation and maintenance of effective internal controls to safeguard the company's assets and ensure the accuracy of financial reporting.
• Compliance Monitoring: Monitor compliance with all relevant financial regulations and standards.

• Audit Committee Coordination: Work closely with the Audit Committee to address any audit findings and implement corrective actions.

Financial Operations:

• Accounting: Manage the accounting function, including accounts payable, accounts receivable, payroll, and general ledger.
• Financial Systems: Implement and maintain financial systems and software to improve efficiency and accuracy.

Strategic Advisory:

• Business Partnering: Collaborate with other departments to provide financial insights and support strategic decision-making.
• Mergers and Acquisitions: Evaluate potential mergers, acquisitions, and other strategic investments.
• Performance Monitoring: Monitor the company's financial performance and provide recommendations for improvement.

Qualified candidates will have:

Mandatory Requirements:

• Chartered Accountant / ACCA
• Minimum of 12 -15 years of experience in finance, with at least 5 years in a leadership role.
• Strong knowledge of financial principles, practices, and regulations.
• Excellent leadership, communication, and analytical skills.
• Proven ability to drive financial performance and achieve strategic goals.
• Proficiency in financial management software and tools.

Required Behaviors & Skills:

• Leadership: Capable of leading, inspiring, and motivating a diverse team to achieve common goals.
• Strategic Thinking: Skilled in developing and implementing long-term financial strategies that align with the company's vision and objectives.
• Financial Acumen: Proficient in financial principles and practices, with the ability to manage budgets, forecasts, and financial reports.
• Operational Excellence: Dedicated to enhancing financial efficiency and effectiveness through innovative solutions and best practices.
• Communication: Excellent verbal and written communication skills, with the ability to convey complex financial information effectively to various stakeholders.
• Problem-Solving: Strong analytical and problem-solving abilities, with a proactive approach to identifying and addressing financial issues.
• Change Management: Proven ability to drive change and improve financial operations.

Relocation Available:

No