Head of Finance at Fhemfel Homes

Key Responsibilities:

Financial Strategy & Planning

• Develop and implement financial strategies to support business growth and profitability.
• Provide financial insights and recommendations to senior management for decision-making.
• Lead financial planning, forecasting, and budgeting processes.
• Monitor financial performance and recommend corrective actions when necessary.

Financial Management & Operations

• Oversee the preparation of accurate and timely financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure the company maintains adequate cash flow for operations and investments.
• Manage financial risks, including foreign exchange exposure, credit risks, and operational risks.
• Implement cost control measures and identify opportunities for financial efficiency.

Auditing & Compliance

• Develop and implement internal controls to safeguard company assets and ensure financial accuracy.
• Lead internal and external audits, ensuring compliance with regulatory standards and financial best practices.
• Ensure adherence to tax regulations, financial policies, and industry-specific compliance requirements.
• Address audit findings and implement necessary process improvements.

Team Leadership & Development

• Lead, mentor, and develop the finance and audit team to ensure high performance.
• Establish and enforce financial policies and procedures across the organization.
• Foster a culture of accountability, transparency, and financial integrity.
• Ensure the finance team receives ongoing professional development and training.

Stakeholder Management

• Collaborate with department heads to align financial plans with business strategies.
• Maintain relationships with external stakeholders, including auditors, tax authorities, investors, and financial institutions.
• Represent the finance department in executive meetings, providing insights on financial performance.

Key Performance Indicators (KPIs):

Financial Accuracy & Compliance

• 100% compliance with financial reporting deadlines and accuracy standards.
• Minimum 90% compliance score in internal and external audit assessments.
• Zero penalties or legal infractions related to financial reporting and taxation.

Budgeting & Cost Efficiency

• Maintain expenses within the approved budget.
• Implement cost-saving measures leading to at least 10% operational cost reduction annually.

Revenue & Financial Growth

• Maintain or improve annual revenue growth as per company targets.
• Ensure a steady increase in profit margins through strategic financial management.

Risk Management & Internal Control

• Zero cases of financial fraud due to weak internal controls.
• Maintain optimal cash flow liquidity to cover operational expenses for at least six months.

Leadership & Team Performance

• Achieve at least 90% efficiency in financial reporting and auditing tasks.
• Ensure finance team members undergo at least two professional development training sessions annually.

Qualifications & Skills:

• Bachelor’s degree in Finance, Accounting or a related field (Master’s degree or professional certification preferred).
• 5+ years of proven experience in financial management, auditing, or a related role.
• Strong leadership skills with the ability to mentor and develop a finance team.
• Expertise in financial planning, budgeting, and compliance.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in financial software and reporting tools.