This role reports directly into the Group Chairman and we politely ask you to ONLY apply if you meet the criteria (candidates who don’t will not be considered). Candidates must be either Arabic speakers or western educated. The CFO will be primarily response for financial and MIS reporting and also provide both operational and programmatic support to the Group. In addition to supervising the finance function and acting as the chief financial spokesperson for the Group.  The CFO will engage with C-level employees on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. You will create shareholder value by providing the vision, leadership, strategy, general management, creative and financial skills necessary to build and grow the Group. The ideal candidate will be an experienced CFO but with a strong ‘business entrepreneurial head on their shoulders’.  Accommodation is included in the salary shown however you will receive an educational allowance for each child of AED 12,000 per year along with family status on tickets and insurance.

Description:

• As the CFO, you will provide the role of strategic business partner to the Group companies and will head the finance leadership team


• Assess and evaluate financial performance of the Company with regard to long-term operational goals, budgets and forecasts


• Provide insight and recommendations to both short-term and long-term growth plans of the Company


• Identify, evaluate, acquire and implement systems and software to provide critical financial and operational information. Evaluate Group companies finance function and make suggestions for automating processes and increasing working efficiency


• Manage the overall cost base of the group, with particular focus on identifying opportunities for intra-group synergies across different functions that can result in meaningful improvement to the bottom line of the group


• Communicate, engage and interact with board of directors and C-level employees


• Create and establish yearly financial objectives that align with the Company’s plan for growth and expansion


• Select and engage consultants, auditors and investors in coordination with relevant board and management committees.


• Recruit, interview and hire finance, accounting and payroll staff (if required)


• Serve as a key member of the Company’s leadership team and Board of Directors


• Participate in pivotal decisions as they relate to strategic initiatives and operational models. Develop a template for objective evaluation of each initiative along economic and strategic dimensions and facilitate its consistent application across all group companies.


• Interact with and bring the finance function into line with Board of Directors’ plans, initiatives and recommendations


• Implement policies, procedures and processes as deemed appropriate by senior leadership team of the Company (like Risk Management Policies)


• Prepare and present monthly financial budgeting reports including monthly profit and loss forecast vs. budget and weekly cash flow.


• Review and analyze monthly financial results and provide recommendations


• Identify, develop and execute analysis of business initiatives, investments and acquisitions


• Develop and maintain monthly and annual operating budget


• Manage financial planning and analysis. Supervise creation of reports, software implementation and tools for budgeting and forecasting


• Participate in conference calls with lenders, vendors and the Company’s leadership team


• Supervise the accounting function to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise the Company’s financial staff (if any)


• Review and ensure application of appropriate internal controls, compliance and financial procedures


• Ensure timeliness and accuracy of financial and management reporting data for funders, investors and the Company’s Board of Directors


• Oversee the preparation and communication of weekly, monthly and annual financial statements


• Oversee the preparation and timely filing of all tax returns (if required)


• Work with relevant persons to ensure appropriate legal compliance


• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies


• Oversee preparation of monthly, quarterly and annual financial statements


• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation


• Enhance and implement financial and accounting systems, processes, tools and control systems


• Hire, develop and manage accounting directors, managers and staff (if required)


• Serve as a key point of contact for external auditors; manage preparation and support of all external audits


• Coordinate and strategize methods used to attain team goals


• Manage cash flow planning process and ensure funds availability


• Oversee cash, investments and asset management areas


• Explore new investment opportunities and provide recommendations on potential returns and risks


• Maintain outstanding banking relationships and strategic alliances with investors and business partners


• Utilize forward-looking models and activity-based analyses to provide financial insight into the Company’s plans and operating budgets


• Engage board of directors to develop short term and long-term plans, projections and budgets


• Represent the Company to banks, financial partners, institutions, investors, auditors and officials


• Remain current on audit best practices as well as all laws regarding Company’s operations


• Work with the Finance Heads of the individual group companies to (a) harmonize key financial policies and procedures; (b) harmonize internal MIS and financial reporting to the Board; (c) harmonize use of financial metrics and report cards; (d) harmonize project evaluation templates; (e) cross-pollinate best practices; (f) cross-leverage lender and vendor relationships


• Guide, mentor and develop the finance departments of Group companies


• Intervene with a view to resolving intricate and complex intra group financial issues, disputes and matters


• Oversee cash management and approve large payables, sign cheques and authorize large transfers


• Supervise Accounts Receivable management and provide guidance relating to the collection process


• Oversee and implement the financial control framework, policies and procedures and ensure the Company’s Finance Department is in full compliance


• Implement budget and expense control measures to improve profitability and cost efficiencies


• Reinforce and drive a culture of transparency within the Company

Job Details

Preferred Candidate