Chief Finance Officer at Deloitte

Reference Number: TAK036

Roles and Responsibilities
Finance Strategy:

• Oversees the financial management of TAK Group i.e., responsible for planning short, medium and short term), budgeting, accounting, financial statements, ensuring appropriate reimbursement, maintaining internal controls, ensuring a successful annual audit, and performing the necessary and appropriate financial/program analyses.
• Develops and ensures implementation of goals, projects, policies, procedures, methods and controls in his/her areas of responsibility.
• Develops finance targets for the financial year in consultation with Group leadership.
• Contributes to TAK's business strategy and ensure financial objectives are aligned across the respective subsidiaries.
• Cascade TAK financial strategies into an effective business plan for TAK subsidiaries and ensure maximum alignment between organizational objectives and operating companies activities.
• Forecasts revenues, expenditures and year-end balances on the accrual basis of accounting.
• Develops and implements robust cost management strategies to monitor and control costs across the organization.
• Oversees long-term budgetary planning, forecasting and cost management in alignment with TAK's strategic plan.

Cash flow management:

• Defines the liquidity strategy, which outlines how liquidity challenges will be handled and reviews this annually.
• Reviews cash flow position for ending period across the group. Reviews ledger and income statements to assess Group’s liquidity position.
• Reviews expected inflows for the next financial period and implications of default in inflow. Focuses attention on largest pipelines as they bear the highest risk on Group’s liquidity position.
• Reviews list of payments expected within the period, including personnel fees, capital expenditures and other operational costs.
• Manages consolidated balance for the Group to obtain highest possible interest earnings.
• Oversees capital expenditures considering the Group’s liquidity position.
• Oversees disbursements using strategies to allow earnings on consolidated account to be maximized.

Finance Administration and Compliance:

• Ensures Group’s financial practices comply with statutory regulations and legislation.
• Ensures Group’s financial systems support current activities and future growth.
• Ensures appropriate finance systems are maintained and that all procedures/controls are implemented.

Requirements

• Bachelor's degree in Accounting, Economics or related field.
• Professional qualifications in ACCA, ICAN, CFA or related field.
• MBA or Masters’ Degree in a related field would be an added advantage.
• 15+ years of relevant experience with at least 7 years in a senior management role.
• Experience in agriculture and manufacturing industries would be an added advantage.
• In-depth knowledge of accounting principles, laws and best practices.
• Proven record of accomplishment in overseeing the preparation and control of the company’s financial reporting processes, and managing annual planning process.
• Excellent knowledge of financial analysis and forecasting.
• Analytical mind with strategic abilities.
• Excellent organizational and leadership skills.
• Effective communication and people skills.