Group Chief Financial Officer - Consumer Durables

PRIMARY FUNCTION

The Group Chief Financial Officer (Group CFO) provides leadership to the Group finance activities, from managing processes and reporting to analysis, strategic financial decision making, to investment analysis and treasury management. Provides both operational and programmatic support to the organization. The G-CFO supervises the finance unit and is the chief financial spokesperson for the organization. Overlooks related activities such as tax management and control, and also secretarial compliances.

The G-CFO reports directly to the Group MD on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. The CFOs/Financial Controllers and Business Finance heads of the group companies report to the Group CFO, in addition to the Head of Taxation and Company Secretary.

PRINCIPLE DUTIES AND RESPONSIBILITIES

Financial Planning

1. Preparation of Expense Budget Preparation and Monitoring on regular basis

2. Analysis of inter / intra company transaction and transfer pricing control

3. Captial expenditure planning and control

4. Asset Tracking and Valuation

5. Formulating the company's future direction and supporting tactical initiatives

6. Monitor and direct the implementation of strategic business plans

7. Train the Finance unit and other staff on raising awareness and knowledge of financial management matters.

8. Develop financial and tax strategies

9. Manage the capital request and budgeting processes

10. Develop performance measures that support the company's strategic direction

11. Oversee the management and coordination of all fiscal reporting activities for the organization including; organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.

Operations / Operational Systems and Processes

1. Participate in key decisions as a member of the executive management team

2. Maintain in-depth relations with all members of the management team

3. Oversee the financial operations of the company

4. Oversee the company's transaction processing systems

5. Implement operational best practices

6. Supervise acquisition due diligence and negotiate acquisitions

7. Receivables (outstanding) monitoring and control process across the group

8. Payables monitoring and control processes across the group

9. Cash flow Monitoring and Control

10. Inventory Monitoring, Control and Valuation

11. Expense Approvals processes and control systems

Ensure Correct and timely financial information flow from ERP system

12. Vendor Management- Monitoring Payment Terms and Advances etc

Financial Information Financial System And Processes

1. Develop and oversee timeliness and accuracy of financial information, statements of the group companies, prepared by respective accountants, including Monthly MIS and analysis.

2. Monitoring the timeliness and review of the internal audit process.

3. Oversee the issuance of financial information

4. Personally review and approve all Form and fillings with the Securities and Exchange Commission

5. Attend Board and Subcommittee meetings, including being the lead staff on the Audit/Finance Committee.

6. Report financial results to the board of directors

7. Ensure adequate cash flow to meet the organization's need.

8. Monitor banking activities of the organization

External Interface

1. Bank Interface / communication at the corporate level

2. Dealing with Sales Tax and Excise Authorities

3. Insurance Claim Follow Ups and monitoring

Team Management

1. HR Review of all accounts departments

2. Resources Allocation and optimization

3. Resources Additions, development and training

Investment Management

1. Treasury Management- through various investment channels

2. Valuation and other strategic evaluation of acquisition / new business opportunities

3. Financial business plan analysis of new opportunities

Related Activities

1. Secretarial Compliances and Monitoring of the process

2. Overall Tax Management and Compliances of the group

3. Loans, Bank Guarantees, and refund Cases Monitoring

4. Export Statutory Compliances