Finance Director

Duties & Responsibilities:

• Oversee the development and implementation of business plans and budgets for the company and its associates.
• Ensure alignment with corporate strategy and direction.
• Manage investment requirements and provide financial assessments for new ventures.
• Offer financial and operational advice to optimize resources.
• Define and oversee financial strategy, including treasury, planning, and investments.
• Direct operational and investment plans to ensure liquidity while minimizing interest expenses.
• Negotiate and optimize bank facilities based on company needs.
• Analyze external influences (interest rates, competition, etc.) to advise management on performance optimization.
• Design and implement a profit center for foreign exchange optimization.
• Assist in selecting an audit firm to ensure timely and high-quality audits.
• Develop departmental policies and processes for operational excellence.
• Approve the design of the common chart of accounts.
• Build and maintain a financial system covering accounting, purchasing, and inventory management.
• Direct budgeting, risk mitigation, and reconciliation processes across departments.
• Provide leadership and support to Finance & Accounting employees to ensure effective workflows.
• Assess business processes for compliance with international standards.
• Provide financial support to all departments.
• Review sales invoicing, collections, and credit control processes.
• Implement an internal auditing process to detect and resolve potential fraud.
• Ensure timely and accurate financial reporting to stakeholders.
• Coordinate with HR for staffing and resources in Finance & Accounting.
• Conduct periodic performance reviews of the Finance team.
• Prepare projected cash flow statements and manage banking facility requirements.
• Set and monitor KPIs annually for financial activities.
• Conduct performance appraisals for the finance and accounting teams, managing disciplinary actions when necessary.
• Perform monthly variance analysis and recommend corrective actions.
• Manage receivables, payables, and inventory to optimize working capital.
• Develop policies for Fixed Asset Management including tracking and disposal.
• Review employee expense claims and implement relevant policies.
• Coach the Finance team to enhance skills and address business needs.
• Handle any other tasks assigned by the CFO.

Skills:

• Bachelor’s degree in accounting and commerce, Finance or equivalent as must.
• Master’s in Finance preferred.
• Registered Certified Public Accountant, Chartered Accountant.
• Minimum of 15 – 20 years of related experience at a senior management level.
• Knowledge of IFRS, Corporate Governance principles, Understanding fraud reviews/investigations.
• Excellent knowledge of IFRS and CMA rules and regulations is required.