Chief Financial Officer (CFO)
Your main duties and responsibilities:
- Organise, manage and supervise the department operations and activities in order to ensure their best execution and the compliance of the Finance and Accounting department activities in accordance with regulatory requirements;
- Be the reference person for all matters related to the financial and accounting activities of the Organization;
- Lead a highly skilled financial team, setting an example with your competence;
- Introduce and maintain efficient accounting and reporting systems and procedures for internal, external and regulatory reporting;
- Lead the funding (equity and debt arrangements) and liquidity management process;
- Organise, manage and supervise statutory tax reporting for indirect and direct taxation;
- Function as the lead contact with the external auditors, facilitating the yearly audit process with a proactive approach;
- Be responsible for the statutory and regulatory reporting process of the Organization;
- Ensure that all the duties of the Finance and Accounting department are fulfilled, especially:
- Identify and record all transactions undertaken by the institution;
- Explain the changes in the accounting balances from one closing date to the next by monitoring the movements which had an impact on the accounting items;
- Prepare the accounts by applying all the valuations and accounting rules laid down by the relevant accounting laws and regulations;
- Verify the reliability and relevance of the market prices and fair values used while preparing the accounts and reporting this to the Regulators;
- Issue periodic information including legal and regulatory reporting and provide it to the Regulator, and also ensure its reliability, particularly in terms of solvency, liquidity and large exposures;
- Conserve all accounting and supporting documents in accordance with the applicable legal provisions;
- Undertake the reconciliation of accounts and accounting entries;
- Ensure the reliability of the financial reporting (external reporting);
- Prepare consolidated accounts for the Group and prepare annual and quarterly reviews;
To support the strategy and business objectives of the Organization, the CFO will:- Provide accurate, complete, relevant and understandable information to the management (internal reporting) and provide support to other business units and departments when needed, sharing competencies within the Organization;
- Review and analyse trends of expenses, revenues, and losses to identify opportunities to improve performance;
- Review the budget on a monthly basis to assure the organization is meeting its financial objectives and ensure proper resolution of major variances to budget;
To support the compliance and risk management processes of the Organization, the CFO will:- Set-up, review and optimise the department rules, framework, procedures and workflows respecting all legal and regulatory requirements. It further includes all ethical and good conduct of business principles;
- Identify, analyse, mitigate and monitor all risks associated with the conduct of activities of the Organization and also all trends and evolutions in the regulatory and competitive landscapes;
- Provide direction in determining the way financial information will be documented, maintained and reported.