Our client is a fast growing Software group which has successfully created high growth technology companies in different sectors. The group focuses on delivering high impact technology solutions for emerging markets through a culture of entrepreneurship and innovation. Due to expansion, they now have an opening for a
Job Title: Chief Finance Officer
Job Profile
To oversee all project finance, accounting, forecasting, budgeting, Audit, Tax, corporate Insurance and investor -related functions with the Group and all its entities; directs all financial activities and advises and assists the CEO and management team in meeting or exceeding the overall financial and strategic objectives of the Group.
Key Responsibilities:
Strategy Function
- The CFO plays a key strategic role in developing, monitoring and evaluating overall corporate strategy with the CEO or MD and leaders of the various business units (entities) with emphasis on bottom line performance, working capital and enhancing shareholder value. This position will provide useful financial insights to help make better decisions about formulating and executing strategy.
- The CFO will interact effectively with other subsidiaries in the group; He establishes himself and is viewed as a trusted business advisor. Critical outcomes include supporting the executive team with key financial information and operational analytics, and driving a culture of accountability in managing the business, adding value to operating businesses and voicing well-substantiated dissenting opinions. He performs his strategic function by fulfilling the following essential duties and responsibilities:
- He plays an integral part in formulating strategy, challenging and assessing strategy, monitoring for risks, investment, rates of return and assessing the competitive landscape.
- He assists in formulating the company’s future direction and supporting tactical initiatives
- Monitors and directs the implementation of strategic business plans, financial and tax strategies
- Effectively manages sponsors, banks, board of director and financial advisor relationships
- He develops tools and system to provide critical financial and operational information to the CEO/MD and make actionable recommendations on both strategy and operations.
- Engages the board finance, audit, and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.
- Oversees long-term budgetary planning and costs management in alignment with the company’s strategic plan, especially as the organization considers new business ventures, potential acquisitions, and collaborations with external organizations.
Executive Management Function
- Serves as a member of executive leadership team in ensuring business decisions taken are grounded in sound financial criteria.
- Participates in key decision making pertaining to strategic initiatives, operating model and operational execution.
- Represents the organization’s progress on strategic goals to external stakeholders
Financial Planning and Analysis Function
- Prepares and maintains regular financial planning reports; Monthly profit and loss forecast by division (vs. budget); Weekly cash flow forecast.
- Completes analysis of financial results; Develops recommendations (strategic and tactical).
- Develops and executes analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service or product launches).
- Develops and maintains capital budget.
- Assists in development of financial planning and analysis exercises/reports.
- Participates in correspondences with Lenders.
Finance Function
- Oversees cash flow planning and ensure availability of funds as needed
- Oversees cash, investments and asset management
- Oversees Financing strategies and activities as well as banking relationships
- Develops and utilizes forward looking predictive models and activity based financial analyses to provide insight into the organization’s operations and business plans
Planning, Policy and Investor Relations
- Provides financial vision and leadership for all the subsidiaries in the group
- Responsible for the financial aspects of risk assessment and abatement, strategic planning and new program development
- Engages the finance committee of the board of directors to develop short, medium and long-term financial plans and projections
- Personally reviews and approves all forms and filings with the Securities and Exchange Commission.
- Oversees the controller or head of accounts in ensuring procedures and computer applications system maintain proper records and affords adequate accounting controls and services
Team Management
- Mentors and develops a direct team, manages work allocation, training, problem resolution, performance evaluation, and the building of an effective dynamic team.
- Guides larger, cross-divisional teams outside of direct span of control within the company’s strategic business units.
Corporate Development
- Represents Company in efforts with investment bankers and potential investors
- Oversees and supervises acquisition, due diligence and negotiates acquisitions.
- Leads the financial aspects of potential M&A activity
- Leads the financial evaluation of mergers and acquisition candidates
- Structures, negotiates, and finalizes purchase agreements
Key Requirements
- Must have 10 years of broad finance experience inclusive of financial analysis, management and supervision, computerized accounting in a senior level position.
- 3-5 years in C-Level position or close to C-Level, – to be able to potentially have significant board level participation
- An MBA and or CPA, Master’s degree in Accounting or Finance would be a plus.
- Must be a chartered accountant (Fellow Status preferred)
- Experience raising capital from Venture Capital or Private Equity
- Understanding of creative business models, pricing models and the ability to tie business strategy to financial models – e.g. banking sector or finch
- Proficiency in the use of accounting software – ERP
- Thorough understanding of project finance, budgeting, cash allocations and detailed financial planning and reconciliations
- Experience managing multiple portfolios
- Tech, Fintech or Ecommerce Company experience would be an added advantage
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